1 week Ago By ABMN Staff
Schwarz Dygos Wheeler Investment Advisors LLC increased its holdings in shares of Meta Platforms, Inc. ( NASDAQ:META – Free Report ) by 0.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission.
The fund owned 6,960 shares of the social networking company’s stock after acquiring an additional 47 shares during the quarter. Meta Platforms comprises 0.9% of Schwarz Dygos Wheeler Investment Advisors LLC’s investment portfolio, making the stock its 27th biggest position.
Schwarz Dygos Wheeler Investment Advisors LLC’s holdings in Meta Platforms were worth $3,509,000 as of its most recent SEC filing. Other large investors also recently bought and sold shares of the company. Vantage Financial Partners LLC grew its position in Meta Platforms by 3.
2% in the fourth quarter. Vantage Financial Partners LLC now owns 1,323 shares of the social networking company’s stock worth $468,000 after acquiring an additional 41 shares during the period. Concentrum Wealth Management lifted its stake in Meta Platforms by 111.
0% during the 4th quarter. Concentrum Wealth Management now owns 7,391,877 shares of the social networking company’s stock worth $2,616,000 after acquiring an additional 3,888,308 shares in the last quarter. Aveo Capital Partners LLC boosted its holdings in Meta Platforms by 45.
7% during the 4th quarter. Aveo Capital Partners LLC now owns 2,302 shares of the social networking company’s stock valued at $815,000 after acquiring an additional 722 shares during the period. 9258 Wealth Management LLC grew its position in Meta Platforms by 66.
4% in the 4th quarter. 9258 Wealth Management LLC now owns 3,993 shares of the social networking company’s stock valued at $1,413,000 after acquiring an additional 1,594 shares in the last quarter. Finally, Rollins Financial increased its stake in Meta Platforms by 7.
5% during the fourth quarter. Rollins Financial now owns 30,657 shares of the social networking company’s stock worth $10,851,000 after purchasing an additional 2,133 shares during the period. Hedge funds and other institutional investors own 79.
91% of the company’s stock. Analysts Set New Price Targets META has been the subject of a number of research reports. JMP Securities restated a “market outperform” rating and issued a $525.
00 price objective on shares of Meta Platforms in a report on Tuesday, July 30th. Guggenheim boosted their price target on shares of Meta Platforms from $500.00 to $600.
00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Wolfe Research started coverage on Meta Platforms in a research report on Tuesday, July 16th. They set an “outperform” rating and a $620.
00 price objective on the stock. Loop Capital boosted their target price on Meta Platforms from $550.00 to $575.
00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. Finally, Piper Sandler upped their price target on Meta Platforms from $545.00 to $575.
00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, thirty-three have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $576.
66. Insiders Place Their Bets In related news, COO Javier Olivan sold 413 shares of Meta Platforms stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $536.
92, for a total value of $221,747.96. Following the sale, the chief operating officer now directly owns 14,424 shares in the company, valued at $7,744,534.
08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link . In other Meta Platforms news, insider Jennifer Newstead sold 905 shares of the stock in a transaction dated Tuesday, June 11th.
The shares were sold at an average price of $500.00, for a total value of $452,500.00.
Following the completion of the transaction, the insider now directly owns 40,560 shares of the company’s stock, valued at $20,280,000. The sale was disclosed in a filing with the SEC, which is available at this link . Also, COO Javier Olivan sold 413 shares of the business’s stock in a transaction that occurred on Friday, August 23rd.
The stock was sold at an average price of $536.92, for a total value of $221,747.96.
Following the sale, the chief operating officer now directly owns 14,424 shares in the company, valued at approximately $7,744,534.08. The disclosure for this sale can be found here .
In the last 90 days, insiders have sold 390,977 shares of company stock worth $202,384,548. Company insiders own 13.71% of the company’s stock.
Meta Platforms Price Performance Meta Platforms stock opened at $500.27 on Friday. The company has a debt-to-equity ratio of 0.
12, a current ratio of 2.83 and a quick ratio of 2.83.
The business has a 50 day simple moving average of $505.18 and a 200-day simple moving average of $494.28.
Meta Platforms, Inc. has a 12 month low of $279.40 and a 12 month high of $544.
23. The stock has a market capitalization of $1.27 trillion, a PE ratio of 28.
73, a price-to-earnings-growth ratio of 1.29 and a beta of 1.21.
Meta Platforms ( NASDAQ:META – Get Free Report ) last announced its quarterly earnings data on Wednesday, July 31st. The social networking company reported $5.16 EPS for the quarter, topping analysts’ consensus estimates of $4.
70 by $0.46. The company had revenue of $39.
07 billion during the quarter, compared to the consensus estimate of $38.26 billion. Meta Platforms had a net margin of 34.
34% and a return on equity of 34.16%. Meta Platforms’s quarterly revenue was up 22.
1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.23 EPS.
Equities analysts predict that Meta Platforms, Inc. will post 21.3 earnings per share for the current year.
Meta Platforms Dividend Announcement The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Monday, September 16th will be issued a $0.50 dividend.
This represents a $2.00 dividend on an annualized basis and a yield of 0.40%.
The ex-dividend date of this dividend is Monday, September 16th. Meta Platforms’s dividend payout ratio is presently 11.49%.
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.
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