1 week Ago By ABMN Staff
Gilbert & Cook Inc. bought a new stake in Meta Platforms, Inc. ( NASDAQ:META – Free Report ) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC).
The fund bought 356 shares of the social networking company’s stock, valued at approximately $204,000. Other institutional investors have also added to or reduced their stakes in the company. POM Investment Strategies LLC purchased a new stake in Meta Platforms in the 2nd quarter worth approximately $38,000.
Ruedi Wealth Management Inc. lifted its stake in Meta Platforms by 122.2% in the second quarter.
Ruedi Wealth Management Inc. now owns 80 shares of the social networking company’s stock worth $40,000 after purchasing an additional 44 shares during the last quarter. Halpern Financial Inc.
purchased a new stake in Meta Platforms during the 3rd quarter valued at about $46,000. West Financial Advisors LLC purchased a new position in shares of Meta Platforms in the third quarter worth $49,000. Finally, NewSquare Capital LLC increased its position in shares of Meta Platforms by 221.
9% in the second quarter. NewSquare Capital LLC now owns 103 shares of the social networking company’s stock valued at $52,000 after acquiring an additional 71 shares during the period. 79.
91% of the stock is owned by hedge funds and other institutional investors. Insider Buying and Selling at Meta Platforms In related news, CAO Aaron Anderson sold 731 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $557.
00, for a total value of $407,167.00. Following the completion of the transaction, the chief accounting officer now directly owns 3,414 shares in the company, valued at approximately $1,901,598.
This represents a 17.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink .
Also, COO Javier Olivan sold 620 shares of Meta Platforms stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $557.00, for a total value of $345,340.
00. Following the sale, the chief operating officer now directly owns 19,992 shares in the company, valued at $11,135,544. The trade was a 3.
01 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Over the last 90 days, insiders have sold 185,958 shares of company stock valued at $101,181,747.
Corporate insiders own 13.71% of the company’s stock. Meta Platforms Stock Performance Meta Platforms ( NASDAQ:META – Get Free Report ) last posted its quarterly earnings data on Wednesday, October 30th.
The social networking company reported $6.03 EPS for the quarter, beating analysts’ consensus estimates of $5.19 by $0.
84. The firm had revenue of $40.59 billion for the quarter, compared to the consensus estimate of $40.
21 billion. Meta Platforms had a net margin of 35.55% and a return on equity of 35.
60%. Equities research analysts anticipate that Meta Platforms, Inc. will post 22.
53 earnings per share for the current year. 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 given a dividend of $0.
50 per share. The ex-dividend date was Monday, September 16th. This represents a $2.
00 dividend on an annualized basis and a dividend yield of 0.35%. Meta Platforms’s dividend payout ratio (DPR) is 9.
42%. Analyst Upgrades and Downgrades A number of equities research analysts have recently weighed in on META shares. Sanford C.
Bernstein lifted their target price on shares of Meta Platforms from $600.00 to $675.00 and gave the company an “outperform” rating in a research note on Friday, October 25th.
Scotiabank lowered their price objective on Meta Platforms from $585.00 to $583.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 31st.
Benchmark reaffirmed a “hold” rating on shares of Meta Platforms in a report on Thursday, July 25th. Cantor Fitzgerald reiterated an “overweight” rating and set a $670.00 target price on shares of Meta Platforms in a report on Wednesday, October 16th.
Finally, Guggenheim raised their target price on Meta Platforms from $600.00 to $665.00 and gave the company a “buy” rating in a research report on Monday, October 7th.
Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-five have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $634.10.
View Our Latest Research Report on META About Meta Platforms ( 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.
Recommended Stories 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 ).
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