Integrity Financial Corp WA Purchases 210 Shares of Meta Platforms, Inc. (NASDAQ:META)

Integrity Financial Corp WA raised its holdings in shares of Meta Platforms, Inc. (NASDAQ:METAFree Report) by 17.4% in the 1st quarter, Holdings Channel reports. The institutional investor owned 1,418 shares of the social networking company’s stock after purchasing an additional 210 shares during the quarter. Integrity Financial Corp WA’s holdings in Meta Platforms were worth $689,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of META. Vanguard Group Inc. boosted its holdings in shares of Meta Platforms by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 186,349,346 shares of the social networking company’s stock valued at $65,960,215,000 after purchasing an additional 3,104,550 shares during the period. Capital World Investors raised its position in Meta Platforms by 2.5% during the 4th quarter. Capital World Investors now owns 38,054,513 shares of the social networking company’s stock valued at $13,469,906,000 after purchasing an additional 927,491 shares in the last quarter. Capital International Investors lifted its holdings in shares of Meta Platforms by 3.2% in the 4th quarter. Capital International Investors now owns 34,738,470 shares of the social networking company’s stock worth $12,296,383,000 after buying an additional 1,083,719 shares during the period. Norges Bank bought a new position in shares of Meta Platforms during the 4th quarter worth $11,285,855,000. Finally, Capital Research Global Investors increased its stake in shares of Meta Platforms by 17.2% during the fourth quarter. Capital Research Global Investors now owns 30,217,175 shares of the social networking company’s stock valued at $10,695,722,000 after buying an additional 4,440,229 shares during the period. Institutional investors own 79.91% of the company’s stock.

Analyst Ratings Changes

META has been the subject of a number of recent analyst reports. JMP Securities reissued a “market outperform” rating and issued a $550.00 price objective on shares of Meta Platforms in a research report on Monday, April 22nd. Citigroup lowered their price target on Meta Platforms from $590.00 to $550.00 and set a “buy” rating for the company in a report on Thursday, April 25th. Roth Mkm upped their price objective on shares of Meta Platforms from $500.00 to $510.00 and gave the company a “buy” rating in a report on Thursday, April 25th. TD Cowen increased their price objective on shares of Meta Platforms from $530.00 to $600.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Rosenblatt Securities boosted their target price on shares of Meta Platforms from $520.00 to $562.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, thirty-seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $513.59.

View Our Latest Stock Report on Meta Platforms

Meta Platforms Trading Up 0.1 %

META stock opened at $530.00 on Wednesday. The stock has a market cap of $1.34 trillion, a price-to-earnings ratio of 30.44, a PEG ratio of 1.37 and a beta of 1.21. The business’s 50-day moving average is $488.29 and its 200 day moving average is $464.16. Meta Platforms, Inc. has a 12-month low of $274.38 and a 12-month high of $542.81. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.12.

Meta Platforms (NASDAQ:METAGet Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The social networking company reported $4.71 earnings per share for the quarter, beating analysts’ consensus estimates of $4.32 by $0.39. The company had revenue of $36.46 billion for the quarter, compared to analyst estimates of $36.28 billion. Meta Platforms had a return on equity of 32.03% and a net margin of 32.06%. On average, sell-side analysts anticipate that Meta Platforms, Inc. will post 20.15 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Friday, June 14th were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $2.00 dividend on an annualized basis and a yield of 0.38%. Meta Platforms’s payout ratio is 11.49%.

Insiders Place Their Bets

In related news, CEO Mark Zuckerberg sold 8,727 shares of the stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $528.87, for a total value of $4,615,448.49. Following the completion of the sale, the chief executive officer now owns 178,099 shares of the company’s stock, valued at $94,191,218.13. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider Jennifer Newstead sold 585 shares of the company’s stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $498.59, for a total value of $291,675.15. Following the completion of the sale, the insider now owns 37,813 shares of the company’s stock, valued at $18,853,183.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mark Zuckerberg sold 8,727 shares of the firm’s stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $528.87, for a total transaction of $4,615,448.49. Following the sale, the chief executive officer now owns 178,099 shares of the company’s stock, valued at $94,191,218.13. The disclosure for this sale can be found here. Insiders have sold 260,459 shares of company stock valued at $128,049,749 in the last ninety days. 13.71% of the stock is currently owned by corporate 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.

See Also

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Institutional Ownership by Quarter for Meta Platforms (NASDAQ:META)

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