Meta Platforms, Inc. (NASDAQ:META) Stock Holdings Lifted by Sivia Capital Partners LLC

Sivia Capital Partners LLC increased its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 4.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,086 shares of the social networking company’s stock after buying an additional 273 shares during the quarter. Meta Platforms accounts for about 1.6% of Sivia Capital Partners LLC’s portfolio, making the stock its 10th largest position. Sivia Capital Partners LLC’s holdings in Meta Platforms were worth $3,508,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in META. Fjell Capital LLC purchased a new position in Meta Platforms during the 4th quarter worth $1,836,000. Opulen Financial Group LLC purchased a new position in Meta Platforms during the 4th quarter worth $325,000. Daner Wealth Management LLC purchased a new position in Meta Platforms during the 4th quarter worth $334,000. Appleton Partners Inc. MA grew its stake in Meta Platforms by 3.7% during the 4th quarter. Appleton Partners Inc. MA now owns 26,312 shares of the social networking company’s stock worth $15,406,000 after buying an additional 951 shares during the last quarter. Finally, Brighton Jones LLC grew its stake in Meta Platforms by 1.7% during the 4th quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company’s stock worth $20,230,000 after buying an additional 570 shares during the last quarter. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on META shares. Rosenblatt Securities boosted their target price on Meta Platforms from $846.00 to $918.00 and gave the stock a “buy” rating in a research note on Thursday, May 1st. Loop Capital boosted their price target on Meta Platforms from $695.00 to $888.00 and gave the company a “buy” rating in a research note on Friday, May 16th. The Goldman Sachs Group boosted their price target on Meta Platforms from $685.00 to $690.00 and gave the company a “buy” rating in a research note on Thursday, May 1st. Pivotal Research dropped their price target on Meta Platforms from $875.00 to $830.00 and set a “buy” rating on the stock in a research note on Thursday, May 1st. Finally, TD Securities dropped their price target on Meta Platforms from $725.00 to $700.00 and set a “buy” rating on the stock in a research note on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating, thirty-seven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $702.48.

Insider Activity

In other news, COO Javier Olivan sold 406 shares of the firm’s stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $491.69, for a total value of $199,626.14. Following the transaction, the chief operating officer now owns 4,608 shares in the company, valued at $2,265,707.52. This trade represents a 8.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jennifer Newstead sold 519 shares of the firm’s stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $671.00, for a total value of $348,249.00. Following the completion of the transaction, the insider now owns 29,702 shares in the company, valued at approximately $19,930,042. This trade represents a 1.72% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 56,171 shares of company stock worth $35,163,457 over the last quarter. 13.61% of the stock is currently owned by corporate insiders.

Meta Platforms Stock Performance

NASDAQ META opened at $697.71 on Friday. The stock has a market capitalization of $1.75 trillion, a price-to-earnings ratio of 29.17, a PEG ratio of 1.42 and a beta of 1.26. Meta Platforms, Inc. has a twelve month low of $442.65 and a twelve month high of $740.91. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.16. The stock has a 50-day moving average of $587.67 and a 200 day moving average of $615.18.

Meta Platforms (NASDAQ:META) last released its quarterly earnings results on Wednesday, April 30th. The social networking company reported $6.43 earnings per share for the quarter, topping analysts’ consensus estimates of $5.33 by $1.10. Meta Platforms had a return on equity of 38.17% and a net margin of 37.91%. The company had revenue of $42.31 billion during the quarter, compared to analysts’ expectations of $41.45 billion. During the same quarter in the prior year, the firm posted $4.71 EPS. Meta Platforms’s quarterly revenue was up 16.1% compared to the same quarter last year. Sell-side analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Monday, June 16th will be given a $0.525 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $2.10 annualized dividend and a dividend yield of 0.30%. Meta Platforms’s dividend payout ratio (DPR) is presently 8.19%.

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.