CFM Wealth Partners LLC Buys 1,095 Shares of Meta Platforms, Inc. (NASDAQ:META)

CFM Wealth Partners LLC lifted its stake in Meta Platforms, Inc. (NASDAQ:META) by 6.4% in the 1st quarter, Holdings Channel reports. The institutional investor owned 18,089 shares of the social networking company’s stock after acquiring an additional 1,095 shares during the period. Meta Platforms comprises about 1.8% of CFM Wealth Partners LLC’s holdings, making the stock its 11th biggest position. CFM Wealth Partners LLC’s holdings in Meta Platforms were worth $8,784,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Trexquant Investment LP raised its position in Meta Platforms by 24.3% in the third quarter. Trexquant Investment LP now owns 30,830 shares of the social networking company’s stock worth $9,255,000 after purchasing an additional 6,019 shares in the last quarter. Private Advisory Group LLC raised its position in Meta Platforms by 2.1% in the third quarter. Private Advisory Group LLC now owns 66,307 shares of the social networking company’s stock worth $19,906,000 after purchasing an additional 1,388 shares in the last quarter. Bamco Inc. NY raised its position in Meta Platforms by 2.0% in the third quarter. Bamco Inc. NY now owns 240,570 shares of the social networking company’s stock worth $72,222,000 after purchasing an additional 4,779 shares in the last quarter. Tower Research Capital LLC TRC raised its position in Meta Platforms by 51.0% in the third quarter. Tower Research Capital LLC TRC now owns 136,994 shares of the social networking company’s stock worth $41,127,000 after purchasing an additional 46,292 shares in the last quarter. Finally, Staley Capital Advisers Inc. raised its position in Meta Platforms by 1.9% in the third quarter. Staley Capital Advisers Inc. now owns 1,975 shares of the social networking company’s stock worth $593,000 after purchasing an additional 36 shares in the last quarter. Institutional investors own 79.91% of the company’s stock.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, Director Sheryl Sandberg sold 105,000 shares of the business’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $476.71, for a total value of $50,054,550.00. Following the completion of the sale, the director now owns 630,293 shares of the company’s stock, valued at approximately $300,466,976.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Mark Zuckerberg sold 16,702 shares of the company’s stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $510.88, for a total transaction of $8,532,717.76. Following the completion of the sale, the chief executive officer now owns 230,461 shares of the company’s stock, valued at approximately $117,737,915.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Sheryl Sandberg sold 105,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $476.71, for a total transaction of $50,054,550.00. Following the sale, the director now directly owns 630,293 shares of the company’s stock, valued at approximately $300,466,976.03. The disclosure for this sale can be found here. Insiders sold 232,607 shares of company stock valued at $113,147,760 in the last quarter. Company insiders own 13.71% of the company’s stock.

Meta Platforms Stock Performance

Shares of Meta Platforms stock traded up $2.52 during trading on Wednesday, hitting $513.12. 8,450,940 shares of the stock were exchanged, compared to its average volume of 16,499,006. The stock has a market capitalization of $1.30 trillion, a price-to-earnings ratio of 29.47, a price-to-earnings-growth ratio of 1.33 and a beta of 1.21. The company has a fifty day moving average price of $479.18 and a 200-day moving average price of $452.22. Meta Platforms, Inc. has a 1-year low of $274.38 and a 1-year high of $531.49. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.12.

Meta Platforms (NASDAQ:META) last released its quarterly earnings data on Wednesday, April 24th. The social networking company reported $4.71 earnings per share for the quarter, topping the consensus estimate of $4.32 by $0.39. The company 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%. As a group, equities analysts predict that Meta Platforms, Inc. will post 20.16 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 26th. Shareholders of record on Friday, June 14th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date of this dividend is Friday, June 14th. Meta Platforms’s dividend payout ratio is currently 11.49%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on META. Loop Capital dropped their price target on shares of Meta Platforms from $555.00 to $550.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. Rosenblatt Securities raised their price objective on shares of Meta Platforms from $520.00 to $562.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. UBS Group dropped their price objective on shares of Meta Platforms from $610.00 to $575.00 and set a “buy” rating for the company in a report on Thursday, April 25th. BNP Paribas began coverage on shares of Meta Platforms in a report on Thursday, May 2nd. They set an “underperform” rating and a $360.00 price objective for the company. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $550.00 price objective on shares of Meta Platforms in a report on Monday, April 22nd. Two equities research 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 company’s stock. According to MarketBeat, Meta Platforms has an average rating of “Moderate Buy” and an average target price of $510.05.

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.