781 Shares in Meta Platforms, Inc. (NASDAQ:META) Acquired by Foguth Wealth Management LLC.

Foguth Wealth Management LLC. bought a new stake in shares of Meta Platforms, Inc. (NASDAQ:META) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 781 shares of the social networking company’s stock, valued at approximately $379,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of META. Beaird Harris Wealth Management LLC increased its position in shares of Meta Platforms by 68.9% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 103 shares of the social networking company’s stock valued at $31,000 after purchasing an additional 42 shares during the last quarter. Quest Partners LLC bought a new position in Meta Platforms in the fourth quarter worth approximately $32,000. Clear Investment Research LLC boosted its stake in shares of Meta Platforms by 411.1% during the 4th quarter. Clear Investment Research LLC now owns 92 shares of the social networking company’s stock worth $33,000 after acquiring an additional 74 shares during the last quarter. Cranbrook Wealth Management LLC grew its position in shares of Meta Platforms by 80.4% during the 4th quarter. Cranbrook Wealth Management LLC now owns 101 shares of the social networking company’s stock valued at $36,000 after acquiring an additional 45 shares during the period. Finally, Gilfoyle & Co LLC purchased a new stake in shares of Meta Platforms in the 4th quarter worth $39,000. 79.91% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Meta Platforms news, CEO Mark Zuckerberg sold 16,702 shares of the company’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $510.88, for a total value of $8,532,717.76. Following the transaction, the chief executive officer now directly owns 230,461 shares in the company, valued at approximately $117,737,915.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Meta Platforms news, CEO Mark Zuckerberg sold 16,702 shares of the company’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $510.88, for a total value of $8,532,717.76. Following the completion of the sale, the chief executive officer now directly owns 230,461 shares in the company, valued at approximately $117,737,915.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jennifer Newstead sold 585 shares of the firm’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $431.05, for a total value of $252,164.25. Following the transaction, the insider now owns 36,643 shares in the company, valued at approximately $15,794,965.15. The disclosure for this sale can be found here. Insiders have sold 233,512 shares of company stock valued at $113,597,536 in the last 90 days. Company insiders own 13.71% of the company’s stock.

Analysts Set New Price Targets

META has been the subject of several recent research reports. Stifel Nicolaus boosted their price target on Meta Platforms from $527.00 to $588.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Loop Capital reduced their target price on shares of Meta Platforms from $555.00 to $550.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. UBS Group lowered their price target on shares of Meta Platforms from $610.00 to $575.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. JPMorgan Chase & Co. reduced their price objective on shares of Meta Platforms from $535.00 to $480.00 and set an “overweight” rating for the company in a research note on Thursday, April 25th. Finally, Jefferies Financial Group dropped their target price on shares of Meta Platforms from $585.00 to $540.00 and set a “buy” rating for the company in a report on Thursday, April 25th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, thirty-seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $510.05.

Meta Platforms Trading Down 3.0 %

Shares of NASDAQ:META traded down $15.34 during trading hours on Friday, hitting $504.22. 15,855,137 shares of the company’s stock traded hands, compared to its average volume of 11,400,792. The firm has a market capitalization of $1.28 trillion, a P/E ratio of 28.96, a price-to-earnings-growth ratio of 1.31 and a beta of 1.21. The business has a fifty day moving average price of $480.00 and a 200-day moving average price of $454.77. Meta Platforms, Inc. has a 1 year low of $274.38 and a 1 year high of $531.49. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.68 and a quick ratio of 2.68.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings data on Wednesday, April 24th. The social networking company reported $4.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.32 by $0.39. Meta Platforms had a return on equity of 32.03% and a net margin of 32.06%. The company had revenue of $36.46 billion during the quarter, compared to analysts’ expectations of $36.28 billion. Equities analysts expect that Meta Platforms, Inc. will post 20.16 earnings per share for the current year.

Meta Platforms Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Friday, June 14th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date of this dividend was Friday, June 14th. Meta Platforms’s payout ratio is presently 11.49%.

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.