Hyperion Partners LLC Acquires Shares of 482 Meta Platforms, Inc. (NASDAQ:META)

Hyperion Partners LLC acquired a new position in shares of Meta Platforms, Inc. (NASDAQ:METAFree Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 482 shares of the social networking company’s stock, valued at approximately $234,000.

A number of other institutional investors also recently made changes to their positions in the business. Executive Wealth Group LLC lifted its position in shares of Meta Platforms by 200.0% during the first quarter. Executive Wealth Group LLC now owns 2,700 shares of the social networking company’s stock worth $1,229,000 after purchasing an additional 1,800 shares during the last quarter. David J Yvars Group lifted its holdings in Meta Platforms by 25.5% during the 1st quarter. David J Yvars Group now owns 1,522 shares of the social networking company’s stock worth $739,000 after buying an additional 309 shares during the last quarter. Liberty Capital Management Inc. grew its position in shares of Meta Platforms by 19.2% in the 1st quarter. Liberty Capital Management Inc. now owns 1,210 shares of the social networking company’s stock worth $588,000 after acquiring an additional 195 shares in the last quarter. Sebold Capital Management Inc. increased its holdings in shares of Meta Platforms by 52.9% in the 1st quarter. Sebold Capital Management Inc. now owns 2,054 shares of the social networking company’s stock valued at $997,000 after acquiring an additional 711 shares during the last quarter. Finally, Bennett Selby Investments LP raised its position in shares of Meta Platforms by 0.3% during the 1st quarter. Bennett Selby Investments LP now owns 34,225 shares of the social networking company’s stock valued at $16,619,000 after acquiring an additional 98 shares in the last quarter. 79.91% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Jennifer Newstead sold 585 shares of the business’s stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $522.00, for a total value of $305,370.00. Following the completion of the sale, the insider now directly owns 38,398 shares in the company, valued at approximately $20,043,756. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, COO Javier Olivan sold 490 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $441.54, for a total transaction of $216,354.60. Following the completion of the transaction, the chief operating officer now owns 6,599 shares of the company’s stock, valued at approximately $2,913,722.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jennifer Newstead sold 585 shares of the firm’s stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $522.00, for a total value of $305,370.00. Following the completion of the sale, the insider now directly owns 38,398 shares in the company, valued at approximately $20,043,756. The disclosure for this sale can be found here. Insiders have sold 313,169 shares of company stock valued at $153,344,736 over the last three months. 13.71% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on META shares. Stifel Nicolaus lifted their target price on Meta Platforms from $527.00 to $588.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Barclays lowered their price objective on Meta Platforms from $550.00 to $520.00 and set an “overweight” rating for the company in a research note on Thursday, April 25th. Wedbush cut their target price on Meta Platforms from $570.00 to $480.00 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. Roth Mkm raised their price objective on shares of Meta Platforms from $500.00 to $510.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Finally, Sanford C. Bernstein cut their target price on Meta Platforms from $590.00 to $565.00 and set an “outperform” rating for the company in a research report on Thursday, April 25th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, thirty-seven have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $510.05.

View Our Latest Research Report on META

Meta Platforms Stock Down 1.4 %

Shares of META traded down $6.92 during midday trading on Friday, reaching $494.78. 23,130,732 shares of the stock were exchanged, compared to its average volume of 10,120,400. The company has a market cap of $1.26 trillion, a price-to-earnings ratio of 28.42, a P/E/G ratio of 1.30 and a beta of 1.21. The firm has a 50 day simple moving average of $478.61 and a 200-day simple moving average of $447.50. Meta Platforms, Inc. has a 12-month low of $274.38 and a 12-month high of $531.49. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.12.

Meta Platforms (NASDAQ:METAGet Free Report) last issued its quarterly earnings data on Wednesday, April 24th. The social networking company reported $4.71 earnings per share for the quarter, beating the consensus estimate of $4.32 by $0.39. The firm had revenue of $36.46 billion for the quarter, compared to analyst estimates of $36.28 billion. Meta Platforms had a net margin of 32.06% and a return on equity of 32.03%. Research analysts forecast that Meta Platforms, Inc. will post 20.16 EPS for the current year.

Meta Platforms Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 26th. Investors of record on Friday, June 14th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date of this dividend is Friday, June 14th. Meta Platforms’s dividend payout ratio is presently 11.49%.

Meta Platforms Company Profile

(Free Report)

Meta Platforms, Inc engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment offers Facebook, which enables people to share, discuss, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately.

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Institutional Ownership by Quarter for Meta Platforms (NASDAQ:META)

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