Meta Platforms, Inc. (NASDAQ:META) Shares Purchased by AA Financial Advisors LLC

AA Financial Advisors LLC boosted its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 24.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,567 shares of the social networking company’s stock after buying an additional 508 shares during the quarter. AA Financial Advisors LLC’s holdings in Meta Platforms were worth $1,480,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

A number of research firms have recently commented on META. JPMorgan Chase & Co. increased their price objective on Meta Platforms from $675.00 to $735.00 and gave the company an “overweight” rating in a report on Wednesday, June 4th. UBS Group raised their price objective 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. Needham & Company LLC restated an “underperform” rating on shares of Meta Platforms in a research report on Thursday, May 1st. TD Securities dropped their target price on shares of Meta Platforms from $725.00 to $700.00 and set a “buy” rating on the stock in a research report on Thursday, May 1st. Finally, Roth Capital boosted their price target on shares of Meta Platforms from $580.00 to $620.00 and gave the company a “buy” rating in a research report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $706.88.

Meta Platforms Stock Performance

NASDAQ META opened at $697.23 on Wednesday. The stock has a market capitalization of $1.75 trillion, a price-to-earnings ratio of 27.19, a PEG ratio of 1.73 and a beta of 1.26. The business’s 50 day moving average is $610.13 and its two-hundred day moving average is $621.38. Meta Platforms, Inc. has a 12-month low of $442.65 and a 12-month high of $740.91. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.16.

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

Meta Platforms Announces Dividend

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

Insider Activity at Meta Platforms

In other Meta Platforms news, COO Javier Olivan sold 406 shares of the stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $491.69, for a total value of $199,626.14. Following the completion of the transaction, the chief operating officer now directly owns 4,608 shares of the company’s stock, valued at approximately $2,265,707.52. This trade represents a 8.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jennifer Newstead sold 921 shares of Meta Platforms stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $627.05, for a total transaction of $577,513.05. Following the sale, the insider now owns 31,182 shares of the company’s stock, valued at approximately $19,552,673.10. The trade was a 2.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 84,672 shares of company stock worth $55,455,647 over the last 90 days. Company insiders own 13.61% of the company’s stock.

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.