1 week Ago By ABMN Staff
Simon Quick Advisors LLC increased its stake in Meta Platforms, Inc. ( NASDAQ:META – Free Report ) by 1.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission.
The fund owned 22,919 shares of the social networking company’s stock after acquiring an additional 413 shares during the period. Meta Platforms comprises about 0.8% of Simon Quick Advisors LLC’s holdings, making the stock its 23rd largest holding.
Simon Quick Advisors LLC’s holdings in Meta Platforms were worth $11,556,000 as of its most recent filing with the Securities and Exchange Commission. Other hedge funds and other institutional investors also recently modified their holdings of the company. Quest Partners LLC bought a new position in Meta Platforms during the 4th quarter valued at approximately $32,000.
Clear Investment Research LLC raised its position in Meta Platforms by 411.1% during the 4th quarter. Clear Investment Research LLC now owns 92 shares of the social networking company’s stock valued at $33,000 after purchasing an additional 74 shares during the last quarter.
Delos Wealth Advisors LLC raised its position in Meta Platforms by 527.3% during the 1st quarter. Delos Wealth Advisors LLC now owns 69 shares of the social networking company’s stock valued at $34,000 after purchasing an additional 58 shares during the last quarter.
POM Investment Strategies LLC bought a new position in Meta Platforms during the 2nd quarter valued at approximately $38,000. Finally, Ruedi Wealth Management Inc. raised its position in shares of Meta Platforms by 122.
2% in the 2nd quarter. Ruedi Wealth Management Inc. now owns 80 shares of the social networking company’s stock worth $40,000 after acquiring an additional 44 shares in the last quarter.
Institutional investors own 79.91% of the company’s stock. Meta Platforms Stock Performance META stock opened at $500.
27 on Friday. The company has a market cap of $1.27 trillion, a P/E ratio of 28.
73, a price-to-earnings-growth ratio of 1.29 and a beta of 1.21.
Meta Platforms, Inc. has a 1 year low of $279.40 and a 1 year high of $544.
23. 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 stock’s fifty day moving average price is $505.
18 and its 200-day moving average price is $494.28. Meta Platforms Dividend Announcement The business also recently announced a quarterly dividend, which will be paid on Thursday, September 26th.
Investors of record on Monday, September 16th will be issued a $0.50 dividend. The ex-dividend date is Monday, September 16th.
This represents a $2.00 dividend on an annualized basis and a yield of 0.40%.
Meta Platforms’s dividend payout ratio is currently 11.49%. Wall Street Analysts Forecast Growth Several brokerages have recently issued reports on META.
KeyCorp increased their target price on Meta Platforms from $540.00 to $560.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st.
Tigress Financial increased their target price on Meta Platforms from $575.00 to $645.00 and gave the stock a “strong-buy” rating in a research report on Friday, August 16th.
Rosenblatt Securities increased their target price on Meta Platforms from $562.00 to $643.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st.
Piper Sandler increased their target price on Meta Platforms from $545.00 to $575.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st.
Finally, Robert W. Baird increased their target price on Meta Platforms from $500.00 to $530.
00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, two have given a hold rating, thirty-three have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.
com, Meta Platforms currently has an average rating of “Moderate Buy” and an average target price of $576.66. Check Out Our Latest Report on META Insider Buying and Selling In related news, insider Jennifer Newstead sold 901 shares of the firm’s stock in a transaction on Monday, August 5th.
The stock was sold at an average price of $451.15, for a total value of $406,486.15.
Following the transaction, the insider now directly owns 33,324 shares of the company’s stock, valued at approximately $15,034,122.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website .
In other Meta Platforms news, COO Javier Olivan sold 413 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $536.92, for a total transaction of $221,747.
96. Following the sale, the chief operating officer now directly owns 14,424 shares of the company’s stock, valued at $7,744,534.08.
The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink . Also, insider Jennifer Newstead sold 901 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $451.
15, for a total value of $406,486.15. Following the sale, the insider now directly owns 33,324 shares in the company, valued at $15,034,122.
60. The disclosure for this sale can be found here . In the last three months, insiders have sold 390,977 shares of company stock valued at $202,384,548.
13.71% of the stock is owned by company insiders. Meta Platforms Company 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 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.
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