Park Capital Management LLC WI Purchases 103 Shares of Meta Platforms, Inc. (NASDAQ:META)

Park Capital Management LLC WI increased its holdings in Meta Platforms, Inc. (NASDAQ:METAFree Report) by 10.7% during the 1st quarter, Holdings Channel reports. The firm owned 1,070 shares of the social networking company’s stock after buying an additional 103 shares during the period. Meta Platforms makes up approximately 0.7% of Park Capital Management LLC WI’s investment portfolio, making the stock its 24th biggest position. Park Capital Management LLC WI’s holdings in Meta Platforms were worth $617,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Norges Bank bought a new stake in Meta Platforms in the fourth quarter valued at $19,949,512,000. GAMMA Investing LLC lifted its position in shares of Meta Platforms by 67,172.9% in the 1st quarter. GAMMA Investing LLC now owns 23,452,665 shares of the social networking company’s stock worth $13,517,178,000 after purchasing an additional 23,417,803 shares during the period. Proficio Capital Partners LLC lifted its position in shares of Meta Platforms by 78,471.1% in the 4th quarter. Proficio Capital Partners LLC now owns 6,248,763 shares of the social networking company’s stock worth $3,658,713,000 after purchasing an additional 6,240,810 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Meta Platforms during the 4th quarter valued at about $2,243,603,000. Finally, Northern Trust Corp boosted its stake in shares of Meta Platforms by 13.5% during the 4th quarter. Northern Trust Corp now owns 23,445,565 shares of the social networking company’s stock valued at $13,727,613,000 after purchasing an additional 2,787,832 shares in the last quarter. 79.91% of the stock is owned by institutional investors.

Insider Transactions at Meta Platforms

In other Meta Platforms news, CEO Mark Zuckerberg sold 13,793 shares of the stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $710.24, for a total value of $9,796,340.32. Following the transaction, the chief executive officer now owns 57,533 shares of the company’s stock, valued at approximately $40,862,237.92. This represents a 19.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Susan J. Li sold 6,874 shares of the firm’s stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $659.36, for a total value of $4,532,440.64. Following the completion of the transaction, the chief financial officer now directly owns 70,040 shares in the company, valued at $46,181,574.40. The trade was a 8.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 124,312 shares of company stock worth $83,503,034 in the last ninety days. Insiders own 13.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Wedbush increased their price target on shares of Meta Platforms from $680.00 to $750.00 and gave the stock an “outperform” rating in a research note on Thursday, May 1st. Loop Capital increased their target price on Meta Platforms from $695.00 to $888.00 and gave the stock a “buy” rating in a research report on Friday, May 16th. JPMorgan Chase & Co. raised their target price on Meta Platforms from $675.00 to $735.00 and gave the company an “overweight” rating in a research note on Wednesday, June 4th. JMP Securities reaffirmed a “market outperform” rating and issued a $750.00 price target on shares of Meta Platforms in a research note on Wednesday, April 30th. Finally, Stifel Nicolaus increased their price objective on Meta Platforms from $628.00 to $655.00 and gave the stock a “buy” rating in a report on Thursday, May 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-seven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $712.69.

Check Out Our Latest Research Report on Meta Platforms

Meta Platforms Price Performance

META opened at $708.68 on Thursday. The company’s 50-day simple moving average is $629.38 and its two-hundred day simple moving average is $624.96. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.66 and a current ratio of 2.66. The stock has a market capitalization of $1.78 trillion, a P/E ratio of 27.64, a P/E/G ratio of 1.75 and a beta of 1.26. Meta Platforms, Inc. has a 52-week low of $442.65 and a 52-week high of $740.91.

Meta Platforms (NASDAQ:METAGet Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The social networking company reported $6.43 earnings per share for the quarter, beating analysts’ consensus estimates of $5.33 by $1.10. Meta Platforms had a net margin of 39.11% and a return on equity of 38.69%. The company had revenue of $42.31 billion for the quarter, compared to the consensus estimate of $41.45 billion. During the same quarter in the prior year, the firm earned $4.71 earnings per share. The firm’s revenue for the quarter was up 16.1% compared to the same quarter last year. As a group, analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Monday, June 16th will be issued a dividend of $0.525 per share. The ex-dividend date is Monday, June 16th. This represents a $2.10 annualized dividend and a dividend yield of 0.30%. Meta Platforms’s payout ratio is 8.19%.

Meta Platforms 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.

Featured Articles

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:METAFree Report).

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

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.com's FREE daily email newsletter.