Guardian Financial Partners LLC Has $421,000 Holdings in Meta Platforms, Inc. (NASDAQ:META)

Guardian Financial Partners LLC boosted its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 28.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 730 shares of the social networking company’s stock after purchasing an additional 160 shares during the quarter. Guardian Financial Partners LLC’s holdings in Meta Platforms were worth $421,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Norges Bank bought a new position in Meta Platforms during the 4th quarter worth approximately $19,949,512,000. GAMMA Investing LLC boosted its stake in Meta Platforms by 67,172.9% during the 1st quarter. GAMMA Investing LLC now owns 23,452,665 shares of the social networking company’s stock worth $13,517,178,000 after acquiring an additional 23,417,803 shares during the last quarter. Proficio Capital Partners LLC boosted its stake in Meta Platforms by 78,471.1% during the 4th quarter. Proficio Capital Partners LLC now owns 6,248,763 shares of the social networking company’s stock worth $3,658,713,000 after acquiring an additional 6,240,810 shares during the last quarter. Raymond James Financial Inc. bought a new position in Meta Platforms during the 4th quarter worth approximately $2,243,603,000. Finally, Northern Trust Corp boosted its stake in Meta Platforms by 13.5% during the 4th quarter. Northern Trust Corp now owns 23,445,565 shares of the social networking company’s stock worth $13,727,613,000 after acquiring an additional 2,787,832 shares during the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on META shares. Needham & Company LLC reissued an “underperform” rating on shares of Meta Platforms in a research note on Thursday, May 1st. KeyCorp raised their target price on shares of Meta Platforms from $645.00 to $655.00 and gave the stock an “overweight” rating in a report on Thursday, May 1st. Wells Fargo & Company restated an “overweight” rating and set a $664.00 target price on shares of Meta Platforms in a report on Tuesday, June 17th. Barclays dropped their target price on shares of Meta Platforms from $705.00 to $640.00 and set an “overweight” rating on the stock in a report on Thursday, May 1st. Finally, Cantor Fitzgerald raised their target price on shares of Meta Platforms from $676.00 to $807.00 and gave the stock an “overweight” rating in a report on Wednesday, June 18th. One investment analyst has rated the stock with a sell rating, four have given 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, Meta Platforms has a consensus rating of “Moderate Buy” and a consensus price target of $712.69.

Insiders Place Their Bets

In other Meta Platforms news, insider Jennifer Newstead sold 921 shares of Meta Platforms stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $570.66, for a total transaction of $525,577.86. Following the completion of the transaction, the insider now directly owns 30,261 shares of the company’s stock, valued at $17,268,742.26. The trade was a 2.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Mark Zuckerberg sold 13,793 shares of Meta Platforms stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $710.24, for a total transaction of $9,796,340.32. Following the transaction, the chief executive officer now directly owns 57,533 shares of the company’s stock, valued at approximately $40,862,237.92. This trade represents a 19.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 124,312 shares of company stock valued at $83,503,034 over the last ninety days. 13.61% of the stock is currently owned by company insiders.

Meta Platforms Price Performance

NASDAQ:META opened at $708.68 on Thursday. Meta Platforms, Inc. has a 1-year low of $442.65 and a 1-year 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. The firm has a fifty day simple moving average of $629.38 and a 200 day simple moving average of $624.96. The stock has a market capitalization of $1.78 trillion, a PE ratio of 27.64, a P/E/G ratio of 1.75 and a beta of 1.26.

Meta Platforms (NASDAQ:META) last released its earnings results on Wednesday, April 30th. The social networking company reported $6.43 earnings per share for the quarter, beating the consensus estimate of $5.33 by $1.10. Meta Platforms had a net margin of 39.11% and a return on equity of 38.69%. The business had revenue of $42.31 billion during the quarter, compared to analysts’ expectations of $41.45 billion. During the same period last year, the business earned $4.71 earnings per share. The firm’s revenue was up 16.1% on a year-over-year basis. On average, research analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

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

Meta Platforms 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.