10 hours Ago By ABMN Staff
Axxcess Wealth Management LLC raised its stake in shares of Meta Platforms, Inc. ( NASDAQ:META – Free Report ) by 4.2% during the third quarter, Holdings Channel reports.
The firm owned 50,400 shares of the social networking company’s stock after buying an additional 2,042 shares during the period. Meta Platforms comprises 0.7% of Axxcess Wealth Management LLC’s holdings, making the stock its 29th biggest holding.
Axxcess Wealth Management LLC’s holdings in Meta Platforms were worth $28,851,000 at the end of the most recent quarter. Other institutional investors also recently added to or reduced their stakes in the company. Central Valley Advisors LLC raised its position in shares of Meta Platforms by 0.
3% during the 3rd quarter. Central Valley Advisors LLC now owns 5,714 shares of the social networking company’s stock valued at $3,271,000 after acquiring an additional 18 shares during the last quarter. Cherrydale Wealth Management LLC raised its position in shares of Meta Platforms by 0.
5% during the 3rd quarter. Cherrydale Wealth Management LLC now owns 3,841 shares of the social networking company’s stock valued at $2,199,000 after acquiring an additional 18 shares during the last quarter. Alliance Wealth Advisors LLC raised its position in shares of Meta Platforms by 0.
7% during the 3rd quarter. Alliance Wealth Advisors LLC now owns 2,787 shares of the social networking company’s stock valued at $1,595,000 after acquiring an additional 18 shares during the last quarter. Kozak & Associates Inc.
raised its position in shares of Meta Platforms by 1.0% during the 3rd quarter. Kozak & Associates Inc.
now owns 1,906 shares of the social networking company’s stock valued at $1,099,000 after acquiring an additional 18 shares during the last quarter. Finally, Capital Advisors Ltd. LLC raised its position in shares of Meta Platforms by 0.
5% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 3,560 shares of the social networking company’s stock valued at $2,038,000 after acquiring an additional 18 shares during the last quarter.
79.91% of the stock is owned by institutional investors and hedge funds. Meta Platforms Stock Down 0.
8 % Meta Platforms stock opened at $580.00 on Thursday. The stock has a market cap of $1.
46 trillion, a P/E ratio of 27.32, a P/E/G ratio of 1.29 and a beta of 1.
22. The company has a quick ratio of 2.73, a current ratio of 2.
73 and a debt-to-equity ratio of 0.18. Meta Platforms, Inc.
has a twelve month low of $313.66 and a twelve month high of $602.95.
The company’s 50-day moving average price is $564.48 and its two-hundred day moving average price is $518.29.
Meta Platforms Dividend Announcement The business also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Monday, September 16th were issued a $0.50 dividend.
The ex-dividend date of this dividend was Monday, September 16th. This represents a $2.00 annualized dividend and a yield of 0.
34%. Meta Platforms’s dividend payout ratio is currently 9.42%.
Analysts Set New Price Targets Several brokerages have recently issued reports on META. Evercore ISI boosted their price target on shares of Meta Platforms from $550.00 to $600.
00 and gave the company an “outperform” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. boosted their price target on shares of Meta Platforms from $640.
00 to $660.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. DA Davidson began coverage on shares of Meta Platforms in a report on Tuesday, September 10th.
They issued a “buy” rating and a $600.00 price target for the company. TD Cowen boosted their price target on shares of Meta Platforms from $600.
00 to $675.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Finally, The Goldman Sachs Group boosted their price target on shares of Meta Platforms from $555.
00 to $636.00 and gave the company a “buy” rating in a report on Monday, October 14th. Two analysts have rated the stock with a sell rating, four have given a hold rating, thirty-five have assigned a buy rating and two have given a strong buy rating to the stock.
According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $634.10.
Get Our Latest Analysis on Meta Platforms Insiders Place Their Bets In other Meta Platforms news, insider Jennifer Newstead sold 905 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $507.63, for a total transaction of $459,405.
15. Following the transaction, the insider now owns 37,817 shares in the company, valued at $19,197,043.71.
This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink .
In other Meta Platforms news, CFO Susan J. Li sold 33,018 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $517.
94, for a total transaction of $17,101,342.92. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink .
Also, insider Jennifer Newstead sold 905 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $507.63, for a total transaction of $459,405.
15. Following the sale, the insider now owns 37,817 shares in the company, valued at $19,197,043.71.
This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here .
Insiders have sold a total of 175,807 shares of company stock worth $93,851,617 in the last quarter. Corporate insiders own 13.71% of the company’s stock.
Meta Platforms 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.
Further Reading Want to see what other hedge funds are holding META? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Meta Platforms, Inc. ( NASDAQ:META – Free Report ).
Receive News & Ratings for Meta Platforms Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meta Platforms and related companies with MarketBeat.com's FREE daily email newsletter ..
