Tyler Stone Wealth Management Acquires 142 Shares of Meta Platforms, Inc. $META

Tyler Stone Wealth Management lifted its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 2.9% in the first quarter, according to its most recent filing with the SEC. The firm owned 4,958 shares of the social networking company’s stock after acquiring an additional 142 shares during the period. Tyler Stone Wealth Management’s holdings in Meta Platforms were worth $2,858,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in META. Inlight Wealth Management LLC bought a new position in Meta Platforms during the 1st quarter valued at about $25,000. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Meta Platforms in the first quarter worth about $28,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Meta Platforms in the first quarter worth about $33,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of Meta Platforms in the fourth quarter worth about $45,000. Finally, JCIC Asset Management Inc. raised its stake in shares of Meta Platforms by 102.6% in the first quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company’s stock worth $46,000 after acquiring an additional 40 shares during the last quarter. 79.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

META has been the subject of a number of research analyst reports. Moffett Nathanson boosted their target price on shares of Meta Platforms from $525.00 to $605.00 and gave the stock a “buy” rating in a research note on Thursday, May 1st. Susquehanna dropped their target price on shares of Meta Platforms from $800.00 to $700.00 and set a “positive” rating for the company in a research note on Thursday, May 1st. Citigroup reaffirmed an “outperform” rating on shares of Meta Platforms in a research note on Thursday, July 31st. Robert W. Baird boosted their target price on shares of Meta Platforms from $635.00 to $740.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 2nd. Finally, Bank of America lifted their price target on shares of Meta Platforms from $775.00 to $900.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Four research analysts have rated the stock with a hold rating, thirty-nine have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $822.41.

Meta Platforms Price Performance

Shares of META opened at $767.37 on Tuesday. The firm has a market capitalization of $1.93 trillion, a PE ratio of 27.78, a PEG ratio of 1.63 and a beta of 1.27. The company’s 50-day moving average is $725.90 and its 200-day moving average is $655.75. Meta Platforms, Inc. has a fifty-two week low of $479.80 and a fifty-two week high of $796.25. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.97 and a quick ratio of 1.97.

Meta Platforms (NASDAQ:META) last released its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, topping analysts’ consensus estimates of $5.75 by $1.39. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The business had revenue of $47.52 billion for the quarter, compared to analyst estimates of $44.55 billion. During the same period last year, the firm earned $5.16 earnings per share. Meta Platforms’s revenue for the quarter was up 21.6% compared to the same quarter last year. Equities analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Monday, June 16th were given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Monday, June 16th. Meta Platforms’s dividend payout ratio (DPR) is currently 7.60%.

Insider Transactions at Meta Platforms

In related news, insider Christopher K. Cox sold 60,000 shares of the firm’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $775.95, for a total transaction of $46,557,000.00. Following the transaction, the insider directly owned 237,205 shares of the company’s stock, valued at approximately $184,059,219.75. This trade represents a 20.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mark Zuckerberg sold 15,847 shares of the firm’s stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $753.43, for a total transaction of $11,939,605.21. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 267,732 shares of company stock worth $199,652,003. 13.61% of the stock is owned by insiders.

Meta Platforms 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.