458 Shares in Meta Platforms, Inc. (NASDAQ:META) Acquired by MontVue Capital Management Inc.

MontVue Capital Management Inc. bought a new position in shares of Meta Platforms, Inc. (NASDAQ:META) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 458 shares of the social networking company’s stock, valued at approximately $231,000.

A number of other large investors have also bought and sold shares of META. S.A. Mason LLC raised its stake in shares of Meta Platforms by 1.5% in the first quarter. S.A. Mason LLC now owns 1,328 shares of the social networking company’s stock worth $645,000 after purchasing an additional 20 shares during the last quarter. Horizon Bancorp Inc. IN raised its stake in shares of Meta Platforms by 2.0% in the first quarter. Horizon Bancorp Inc. IN now owns 1,057 shares of the social networking company’s stock worth $513,000 after purchasing an additional 21 shares during the last quarter. Northern Capital Management Inc. raised its stake in shares of Meta Platforms by 3.4% in the first quarter. Northern Capital Management Inc. now owns 647 shares of the social networking company’s stock worth $314,000 after purchasing an additional 21 shares during the last quarter. Buckingham Capital Management Inc. raised its stake in shares of Meta Platforms by 5.1% in the second quarter. Buckingham Capital Management Inc. now owns 433 shares of the social networking company’s stock worth $218,000 after purchasing an additional 21 shares during the last quarter. Finally, LongView Wealth Management raised its stake in shares of Meta Platforms by 1.3% in the first quarter. LongView Wealth Management now owns 1,762 shares of the social networking company’s stock worth $856,000 after purchasing an additional 22 shares during the last quarter. 79.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

META has been the subject of a number of research reports. Raymond James upped their price objective on Meta Platforms from $550.00 to $600.00 and gave the company a “strong-buy” rating in a research report on Monday, July 1st. The Goldman Sachs Group upped their price objective on Meta Platforms from $522.00 to $555.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Benchmark reiterated a “hold” rating on shares of Meta Platforms in a research report on Thursday, July 25th. KeyCorp upped their price objective on Meta Platforms from $540.00 to $560.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Finally, Stifel Nicolaus upped their price objective on Meta Platforms from $550.00 to $590.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, thirty-three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $574.41.

Insider Buying and Selling at Meta Platforms

In related news, insider Jennifer Newstead sold 905 shares of Meta Platforms stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $476.69, for a total value of $431,404.45. Following the completion of the transaction, the insider now owns 42,370 shares in the company, valued at approximately $20,197,355.30. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Jennifer Newstead sold 905 shares of Meta Platforms stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $476.69, for a total value of $431,404.45. Following the sale, the insider now directly owns 42,370 shares in the company, valued at approximately $20,197,355.30. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Sheryl Sandberg sold 105,000 shares of Meta Platforms stock in a transaction dated Wednesday, May 29th. The stock was 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 in the company, valued at $300,466,976.03. The disclosure for this sale can be found here. In the last quarter, insiders sold 418,680 shares of company stock worth $211,992,147. Insiders own 13.71% of the company’s stock.

Meta Platforms Stock Down 0.7 %

Shares of Meta Platforms stock traded down $3.93 during trading on Friday, reaching $528.00. The company’s stock had a trading volume of 11,304,691 shares, compared to its average volume of 16,221,447. The company has a quick ratio of 2.68, a current ratio of 2.83 and a debt-to-equity ratio of 0.12. The company has a market cap of $1.34 trillion, a price-to-earnings ratio of 30.33, a P/E/G ratio of 1.27 and a beta of 1.21. Meta Platforms, Inc. has a 1-year low of $276.03 and a 1-year high of $544.23. The company has a 50-day simple moving average of $502.48 and a two-hundred day simple moving average of $490.42.

Meta Platforms (NASDAQ:META) last issued its earnings results on Wednesday, July 31st. The social networking company reported $5.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.70 by $0.46. The company had revenue of $39.07 billion during the quarter, compared to analyst estimates of $38.26 billion. Meta Platforms had a return on equity of 34.16% and a net margin of 34.34%. The firm’s quarterly revenue was up 22.1% on a year-over-year basis. During the same quarter last year, the business posted $3.23 EPS. As a group, equities analysts forecast that Meta Platforms, Inc. will post 20.5 earnings per share for the current year.

Meta Platforms Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Friday, June 14th were paid a dividend of $0.50 per share. The ex-dividend date was Friday, June 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.38%. Meta Platforms’s payout ratio is currently 11.49%.

About Meta Platforms

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.