Hantz Financial Services Inc. Has $21.72 Million Stock Position in Meta Platforms, Inc. (NASDAQ:META)

Hantz Financial Services Inc. boosted its stake in Meta Platforms, Inc. (NASDAQ:META) by 1.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 37,938 shares of the social networking company’s stock after buying an additional 361 shares during the period. Hantz Financial Services Inc.’s holdings in Meta Platforms were worth $21,717,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cypress Asset Management Inc. TX grew its position in shares of Meta Platforms by 541.8% during the 1st quarter. Cypress Asset Management Inc. TX now owns 3,819 shares of the social networking company’s stock worth $1,862,000 after purchasing an additional 3,224 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Meta Platforms by 0.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 16,111 shares of the social networking company’s stock worth $7,823,000 after purchasing an additional 56 shares in the last quarter. OMC Financial Services LTD acquired a new position in shares of Meta Platforms during the 1st quarter worth approximately $4,355,000. American Trust grew its position in shares of Meta Platforms by 1.6% during the 1st quarter. American Trust now owns 3,179 shares of the social networking company’s stock worth $1,544,000 after purchasing an additional 50 shares in the last quarter. Finally, Jackson Wealth Management LLC acquired a new position in shares of Meta Platforms during the 1st quarter worth approximately $599,000. Institutional investors and hedge funds own 79.91% of the company’s stock.

Meta Platforms Trading Down 0.8 %

NASDAQ:META opened at $569.20 on Friday. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $1.44 trillion, a price-to-earnings ratio of 26.81, a PEG ratio of 1.25 and a beta of 1.22. The firm has a fifty day simple moving average of $574.75 and a two-hundred day simple moving average of $526.33. Meta Platforms, Inc. has a 12 month low of $313.66 and a 12 month high of $602.95.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings results on Wednesday, October 30th. The social networking company reported $6.03 EPS for the quarter, topping analysts’ consensus estimates of $5.19 by $0.84. The business had revenue of $40.59 billion during the quarter, compared to analysts’ expectations of $40.21 billion. Meta Platforms had a net margin of 35.55% and a return on equity of 35.60%. Analysts expect that Meta Platforms, Inc. will post 22.62 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Monday, September 16th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date was Monday, September 16th. Meta Platforms’s dividend payout ratio is currently 9.42%.

Insider Activity

In other news, CAO Aaron Anderson sold 731 shares of Meta Platforms stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $557.00, for a total transaction of $407,167.00. Following the completion of the transaction, the chief accounting officer now directly owns 3,414 shares in the company, valued at $1,901,598. This trade represents a 17.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Susan J. Li sold 8,951 shares of Meta Platforms stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $577.16, for a total transaction of $5,166,159.16. Following the transaction, the chief financial officer now owns 51,591 shares of the company’s stock, valued at $29,776,261.56. This represents a 14.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 106,239 shares of company stock worth $59,681,541 over the last three months. 13.71% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Roth Mkm increased their target price on shares of Meta Platforms from $620.00 to $635.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. BMO Capital Markets upped their price target on shares of Meta Platforms from $525.00 to $530.00 and gave the stock a “market perform” rating in a report on Thursday, October 31st. Morgan Stanley upped their price target on shares of Meta Platforms from $550.00 to $575.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Wells Fargo & Company cut their price target on shares of Meta Platforms from $652.00 to $641.00 and set an “overweight” rating for the company in a report on Friday, November 1st. Finally, Pivotal Research upped their price target on shares of Meta Platforms from $780.00 to $800.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Meta Platforms has an average rating of “Moderate Buy” and a consensus target price of $634.71.

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.