Hudson Value Partners LLC increased its holdings in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 7.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,639 shares of the social networking company’s stock after acquiring an additional 194 shares during the quarter. Hudson Value Partners LLC’s holdings in Meta Platforms were worth $1,521,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Valley Financial Group Inc. increased its position in Meta Platforms by 2.4% during the fourth quarter. Valley Financial Group Inc. now owns 588 shares of the social networking company’s stock worth $344,000 after buying an additional 14 shares during the last quarter. Lantern Wealth Advisors LLC increased its position in Meta Platforms by 0.5% during the fourth quarter. Lantern Wealth Advisors LLC now owns 2,976 shares of the social networking company’s stock worth $1,743,000 after buying an additional 14 shares during the last quarter. Maiden Cove Capital LLC increased its position in Meta Platforms by 3.2% during the fourth quarter. Maiden Cove Capital LLC now owns 481 shares of the social networking company’s stock worth $282,000 after buying an additional 15 shares during the last quarter. Riverwater Partners LLC boosted its holdings in shares of Meta Platforms by 2.7% during the fourth quarter. Riverwater Partners LLC now owns 572 shares of the social networking company’s stock worth $335,000 after acquiring an additional 15 shares during the period. Finally, ABLE Financial Group LLC boosted its holdings in shares of Meta Platforms by 0.7% during the fourth quarter. ABLE Financial Group LLC now owns 2,136 shares of the social networking company’s stock worth $1,251,000 after acquiring an additional 15 shares during the period. 79.91% of the stock is owned by hedge funds and other institutional investors.
Meta Platforms Stock Performance
Shares of META opened at $712.20 on Wednesday. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.16. The firm has a market cap of $1.79 trillion, a PE ratio of 27.78, a price-to-earnings-growth ratio of 1.72 and a beta of 1.26. The company’s 50 day simple moving average is $625.25 and its 200-day simple moving average is $624.38. Meta Platforms, Inc. has a 12-month low of $442.65 and a 12-month high of $740.91.
Meta Platforms Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Monday, June 16th will be issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date of this dividend is Monday, June 16th. Meta Platforms’s dividend payout ratio (DPR) is currently 8.19%.
Analyst Ratings Changes
A number of brokerages have recently issued reports on META. Loop Capital boosted their price objective on Meta Platforms from $695.00 to $888.00 and gave the stock a “buy” rating in a report on Friday, May 16th. Needham & Company LLC restated an “underperform” rating on shares of Meta Platforms in a report on Thursday, May 1st. Moffett Nathanson boosted their price objective on Meta Platforms from $525.00 to $605.00 and gave the stock a “buy” rating in a report on Thursday, May 1st. Truist Financial boosted their price objective on Meta Platforms from $700.00 to $720.00 and gave the stock a “buy” rating in a report on Thursday, May 1st. Finally, Pivotal Research reduced their price objective on Meta Platforms from $875.00 to $830.00 and set a “buy” rating for the company in a report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-seven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $712.69.
Check Out Our Latest Stock Analysis on META
Insider Buying and Selling at Meta Platforms
In other news, CEO Mark Zuckerberg sold 500 shares of Meta Platforms stock in a transaction on Friday, June 20th. The stock was sold at an average price of $700.38, for a total transaction of $350,190.00. Following the completion of the transaction, the chief executive officer now owns 85,119 shares of the company’s stock, valued at $59,615,645.22. The trade was a 0.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Jennifer Newstead sold 519 shares of Meta Platforms stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $701.99, for a total value of $364,332.81. Following the transaction, the insider now directly owns 28,664 shares of the company’s stock, valued at $20,121,841.36. This trade represents a 1.78% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 110,002 shares of company stock valued at $73,353,340. 13.61% of the stock is owned by company insiders.
Meta Platforms Company Profile
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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