Meta Platforms, Inc. (NASDAQ:META) Shares Bought by Chris Bulman Inc

Chris Bulman Inc lifted its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 22.6% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 607 shares of the social networking company’s stock after purchasing an additional 112 shares during the quarter. Chris Bulman Inc’s holdings in Meta Platforms were worth $350,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in META. Valley Financial Group Inc. raised its holdings in shares of Meta Platforms by 2.4% in the 4th quarter. Valley Financial Group Inc. now owns 588 shares of the social networking company’s stock worth $344,000 after buying an additional 14 shares in the last quarter. Lantern Wealth Advisors LLC grew its position in Meta Platforms by 0.5% in the fourth quarter. Lantern Wealth Advisors LLC now owns 2,976 shares of the social networking company’s stock valued at $1,743,000 after acquiring an additional 14 shares during the period. Seelaus Asset Management LLC grew its position in Meta Platforms by 0.9% in the fourth quarter. Seelaus Asset Management LLC now owns 1,640 shares of the social networking company’s stock valued at $960,000 after acquiring an additional 15 shares during the period. Meredith Wealth Planning raised its stake in Meta Platforms by 0.8% during the fourth quarter. Meredith Wealth Planning now owns 1,873 shares of the social networking company’s stock worth $1,097,000 after acquiring an additional 15 shares in the last quarter. Finally, Maiden Cove Capital LLC lifted its holdings in shares of Meta Platforms by 3.2% during the fourth quarter. Maiden Cove Capital LLC now owns 481 shares of the social networking company’s stock valued at $282,000 after acquiring an additional 15 shares during the period. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on META shares. Jefferies Financial Group dropped their target price on shares of Meta Platforms from $725.00 to $600.00 and set a “buy” rating for the company in a research report on Monday, April 7th. JMP Securities reaffirmed a “market outperform” rating and set a $750.00 price objective on shares of Meta Platforms in a research note on Wednesday, April 30th. Morgan Stanley lifted their target price on shares of Meta Platforms from $615.00 to $650.00 and gave the company an “overweight” rating in a research note on Thursday, May 1st. KeyCorp boosted their target price on Meta Platforms from $645.00 to $655.00 and gave the stock an “overweight” rating in a report on Thursday, May 1st. Finally, Roth Capital raised their price target on Meta Platforms from $580.00 to $620.00 and gave the company a “buy” rating in a report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-seven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $704.26.

Insider Buying and Selling at Meta Platforms

In related news, CFO Susan J. Li sold 6,874 shares of Meta Platforms stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $659.36, for a total transaction of $4,532,440.64. Following the completion of the transaction, the chief financial officer now directly owns 70,040 shares of the company’s stock, valued at approximately $46,181,574.40. The trade was a 8.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mark Zuckerberg sold 7,802 shares of the company’s stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $701.96, for a total value of $5,476,691.92. Following the transaction, the chief executive officer now directly owns 110,477 shares in the company, valued at approximately $77,550,434.92. This represents a 6.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold 86,201 shares of company stock worth $56,377,837 in the last quarter. 13.61% of the stock is owned by corporate insiders.

Meta Platforms Price Performance

NASDAQ META opened at $693.36 on Friday. The business’s fifty day moving average is $600.62 and its 200 day moving average is $618.50. The company has a market capitalization of $1.74 trillion, a PE ratio of 28.99, a price-to-earnings-growth ratio of 1.42 and a beta of 1.26. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.98 and a current ratio of 2.98. Meta Platforms, Inc. has a fifty-two week low of $442.65 and a fifty-two week high of $740.91.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings data on Wednesday, April 30th. The social networking company reported $6.43 EPS for the quarter, beating the consensus estimate of $5.33 by $1.10. The business had revenue of $42.31 billion for the quarter, compared to the consensus estimate of $41.45 billion. Meta Platforms had a return on equity of 38.17% and a net margin of 37.91%. The business’s revenue was up 16.1% on a year-over-year basis. During the same period in the previous year, the business earned $4.71 earnings per share. Sell-side analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Dividend Announcement

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

Meta Platforms Company Profile

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.