Endeavor Private Wealth Inc. raised its holdings in shares of Meta Platforms, Inc. (NASDAQ:META – Free Report) by 14.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 2,466 shares of the social networking company’s stock after buying an additional 312 shares during the quarter. Endeavor Private Wealth Inc.’s holdings in Meta Platforms were worth $1,821,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Brighton Jones LLC lifted its holdings in shares of Meta Platforms by 1.7% in the 4th quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company’s stock worth $20,230,000 after acquiring an additional 570 shares during the last quarter. Revolve Wealth Partners LLC lifted its holdings in shares of Meta Platforms by 10.2% in the 4th quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company’s stock worth $5,537,000 after acquiring an additional 875 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Meta Platforms by 16.7% in the 1st quarter. GAMMA Investing LLC now owns 40,691 shares of the social networking company’s stock worth $23,453,000 after acquiring an additional 5,829 shares during the last quarter. 1776 Wealth LLC lifted its holdings in shares of Meta Platforms by 137.2% in the 1st quarter. 1776 Wealth LLC now owns 1,167 shares of the social networking company’s stock worth $673,000 after acquiring an additional 675 shares during the last quarter. Finally, Curran Financial Partners LLC lifted its holdings in shares of Meta Platforms by 11.0% in the 1st quarter. Curran Financial Partners LLC now owns 1,036 shares of the social networking company’s stock worth $597,000 after acquiring an additional 103 shares during the last quarter. Institutional investors own 79.91% of the company’s stock.
Meta Platforms Price Performance
META opened at $716.91 on Monday. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $1.80 trillion, a price-to-earnings ratio of 25.96, a PEG ratio of 1.50 and a beta of 1.20. The business’s fifty day simple moving average is $746.75 and its 200-day simple moving average is $684.78. Meta Platforms, Inc. has a 12-month low of $479.80 and a 12-month high of $796.25.
Meta Platforms Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were given a dividend of $0.525 per share. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. Meta Platforms’s dividend payout ratio (DPR) is 7.60%.
Analyst Upgrades and Downgrades
META has been the subject of several analyst reports. Zacks Research lowered shares of Meta Platforms from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. Loop Capital restated a “buy” rating and issued a $980.00 target price (up previously from $888.00) on shares of Meta Platforms in a report on Tuesday, August 5th. Robert W. Baird raised their target price on shares of Meta Platforms from $635.00 to $740.00 and gave the stock an “outperform” rating in a report on Wednesday, July 2nd. Mizuho set a $925.00 price objective on shares of Meta Platforms and gave the company an “outperform” rating in a report on Monday, September 29th. Finally, Pivotal Research lifted their price objective on shares of Meta Platforms from $830.00 to $930.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Four analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $830.68.
Check Out Our Latest Research Report on META
Insider Buying and Selling at Meta Platforms
In other Meta Platforms news, CFO Susan J. Li sold 18,332 shares of the firm’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $764.71, for a total transaction of $14,018,663.72. Following the transaction, the chief financial officer owned 84,141 shares of the company’s stock, valued at approximately $64,343,464.11. This trade represents a 17.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Andrew Bosworth sold 11,694 shares of the firm’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $775.00, for a total transaction of $9,062,850.00. Following the transaction, the chief technology officer directly owned 1,799 shares in the company, valued at $1,394,225. This trade represents a 86.67% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 213,665 shares of company stock worth $164,568,109. Company insiders own 13.61% of the company’s stock.
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.
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