Meta Platforms, Inc. (NASDAQ:META) Shares Purchased by Vantage Point Financial LLC

Vantage Point Financial LLC boosted its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 24.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,220 shares of the social networking company’s stock after buying an additional 242 shares during the period. Vantage Point Financial LLC’s holdings in Meta Platforms were worth $703,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Fjell Capital LLC purchased a new position in shares of Meta Platforms during the fourth quarter worth about $1,836,000. Opulen Financial Group LLC purchased a new stake in Meta Platforms during the 4th quarter valued at approximately $325,000. Daner Wealth Management LLC acquired a new stake in Meta Platforms during the 4th quarter worth approximately $334,000. Brighton Jones LLC grew its stake in shares of Meta Platforms by 1.7% in the 4th quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company’s stock valued at $20,230,000 after purchasing an additional 570 shares during the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new position in shares of Meta Platforms in the fourth quarter valued at approximately $112,406,000. Institutional investors and hedge funds own 79.91% of the company’s stock.

Insider Activity at Meta Platforms

In other Meta Platforms news, CEO Mark Zuckerberg sold 1,462 shares of the stock in a transaction on Friday, June 6th. The stock was sold at an average price of $701.13, for a total transaction of $1,025,052.06. Following the transaction, the chief executive officer now owns 139,538 shares of the company’s stock, valued at $97,834,277.94. This represents a 1.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CTO Andrew Bosworth sold 5,057 shares of the firm’s stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $659.36, for a total value of $3,334,383.52. Following the completion of the sale, the chief technology officer now directly owns 16,463 shares in the company, valued at approximately $10,855,043.68. The trade was a 23.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 124,312 shares of company stock valued at $83,503,034. Company insiders own 13.61% of the company’s stock.

Meta Platforms Stock Performance

NASDAQ META opened at $708.68 on Thursday. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.16. Meta Platforms, Inc. has a fifty-two week low of $442.65 and a fifty-two week high of $740.91. The business has a fifty day moving average of $629.38 and a 200-day moving average of $624.96. The stock has a market cap of $1.78 trillion, a price-to-earnings ratio of 27.64, a price-to-earnings-growth ratio of 1.75 and a beta of 1.26.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings data on Wednesday, April 30th. The social networking company reported $6.43 EPS for the quarter, topping analysts’ consensus estimates of $5.33 by $1.10. The firm had revenue of $42.31 billion during the quarter, compared to analysts’ expectations of $41.45 billion. Meta Platforms had a return on equity of 38.69% and a net margin of 39.11%. The firm’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same quarter last year, the business posted $4.71 EPS. As a group, analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Monday, June 16th will be given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date of this dividend is Monday, June 16th. Meta Platforms’s dividend payout ratio is presently 8.19%.

Analysts Set New Price Targets

Several brokerages recently weighed in on META. Pivotal Research decreased their price target on Meta Platforms from $875.00 to $830.00 and set a “buy” rating for the company in a report on Thursday, May 1st. Citigroup raised their target price on shares of Meta Platforms from $690.00 to $803.00 and gave the stock a “buy” rating in a research note on Tuesday. Barclays dropped their price target on shares of Meta Platforms from $705.00 to $640.00 and set an “overweight” rating on the stock in a research note on Thursday, May 1st. UBS Group increased their price target on shares of Meta Platforms from $650.00 to $683.00 and gave the stock a “buy” rating in a report on Thursday, May 1st. Finally, Evercore ISI lifted their price objective on Meta Platforms from $725.00 to $750.00 and gave the company an “outperform” rating in a report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-seven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $712.69.

About Meta Platforms

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.