Oxford Financial Group LTD. LLC Grows Stock Holdings in Meta Platforms, Inc. (NASDAQ:META)

Oxford Financial Group LTD. LLC boosted its position in Meta Platforms, Inc. (NASDAQ:META) by 15.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 4,301 shares of the social networking company’s stock after acquiring an additional 583 shares during the period. Oxford Financial Group LTD. LLC’s holdings in Meta Platforms were worth $2,088,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quest Partners LLC purchased a new stake in shares of Meta Platforms during the 4th quarter valued at $32,000. Clear Investment Research LLC grew 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 valued at $33,000 after buying an additional 74 shares during the period. Delos Wealth Advisors LLC grew its stake in shares of 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 buying an additional 58 shares during the period. Cranbrook Wealth Management LLC grew its stake 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 buying an additional 45 shares during the period. Finally, Gilfoyle & Co LLC purchased a new stake in shares of Meta Platforms during the 4th quarter valued at $39,000. 79.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

META has been the topic of several recent research reports. BNP Paribas initiated coverage on shares of Meta Platforms in a report on Thursday, May 2nd. They set an “underperform” rating and a $360.00 target price on the stock. JPMorgan Chase & Co. reduced their target price on shares of Meta Platforms from $535.00 to $480.00 and set an “overweight” rating on the stock in a report on Thursday, April 25th. Roth Mkm lifted their target price 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. Guggenheim reduced their target price on shares of Meta Platforms from $520.00 to $500.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. Finally, Stifel Nicolaus lifted their target price on shares of Meta Platforms from $527.00 to $588.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, thirty-six have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Meta Platforms has an average rating of “Moderate Buy” and an average price target of $521.48.

Insiders Place Their Bets

In related news, COO Javier Olivan sold 412 shares of the firm’s stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $474.86, for a total value of $195,642.32. Following the completion of the transaction, the chief operating officer now owns 5,971 shares of the company’s stock, valued at approximately $2,835,389.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, COO Javier Olivan sold 412 shares of the firm’s stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $474.86, for a total value of $195,642.32. Following the completion of the transaction, the chief operating officer now owns 5,971 shares of the company’s stock, valued at approximately $2,835,389.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jennifer Newstead sold 585 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $431.05, for a total transaction of $252,164.25. Following the completion of the transaction, the insider now directly owns 36,643 shares of the company’s stock, valued at approximately $15,794,965.15. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 310,933 shares of company stock worth $154,451,206. 13.71% of the stock is owned by insiders.

Meta Platforms Stock Performance

NASDAQ META traded down $2.07 during trading hours on Thursday, reaching $459.20. The company’s stock had a trading volume of 12,596,606 shares, compared to its average volume of 16,167,743. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.12. The business has a 50-day simple moving average of $493.72 and a 200 day simple moving average of $473.94. Meta Platforms, Inc. has a 52 week low of $274.38 and a 52 week high of $542.81. The stock has a market cap of $1.16 trillion, a PE ratio of 26.17, a PEG ratio of 1.26 and a beta of 1.21.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings results on Wednesday, April 24th. The social networking company reported $4.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.32 by $0.39. The firm had revenue of $36.46 billion for the quarter, compared to analyst estimates of $36.28 billion. Meta Platforms had a net margin of 32.06% and a return on equity of 32.03%. Equities research analysts predict that Meta Platforms, Inc. will post 20.23 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Friday, June 14th were given a $0.50 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $2.00 annualized dividend and a yield of 0.44%. Meta Platforms’s dividend payout ratio (DPR) is 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.