Goepper Burkhardt LLC Increases Stake in Meta Platforms, Inc. (NASDAQ:META)

Goepper Burkhardt LLC raised its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 2.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 950 shares of the social networking company’s stock after purchasing an additional 25 shares during the quarter. Goepper Burkhardt LLC’s holdings in Meta Platforms were worth $548,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC lifted its stake in shares of Meta Platforms by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 49,181,127 shares of the social networking company’s stock valued at $28,719,970,000 after buying an additional 1,020,519 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Meta Platforms by 2.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 42,317,434 shares of the social networking company’s stock valued at $24,777,282,000 after acquiring an additional 1,049,121 shares during the period. Capital World Investors raised its holdings in Meta Platforms by 2.9% during the 4th quarter. Capital World Investors now owns 40,317,105 shares of the social networking company’s stock valued at $23,606,338,000 after acquiring an additional 1,141,355 shares during the period. GAMMA Investing LLC lifted its position in shares of Meta Platforms by 67,172.9% during the first quarter. GAMMA Investing LLC now owns 23,452,665 shares of the social networking company’s stock worth $13,517,178,000 after acquiring an additional 23,417,803 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Meta Platforms by 13.5% in the fourth quarter. Northern Trust Corp now owns 23,445,565 shares of the social networking company’s stock worth $13,727,613,000 after acquiring an additional 2,787,832 shares during the period. 79.91% of the stock is owned by hedge funds and other institutional investors.

Meta Platforms Price Performance

Shares of Meta Platforms stock opened at $712.68 on Monday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.66 and a quick ratio of 2.66. Meta Platforms, Inc. has a one year low of $450.80 and a one year high of $747.90. The business’s 50 day simple moving average is $692.48 and its two-hundred day simple moving average is $642.00. The stock has a market capitalization of $1.79 trillion, a P/E ratio of 27.80, a price-to-earnings-growth ratio of 1.71 and a beta of 1.28.

Meta Platforms (NASDAQ:META) last issued its earnings results on Wednesday, April 30th. The social networking company reported $6.43 EPS for the quarter, topping the consensus estimate of $5.33 by $1.10. The company had revenue of $42.31 billion for the quarter, compared to the consensus estimate of $41.45 billion. Meta Platforms had a net margin of 39.11% and a return on equity of 38.69%. The firm’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same period in the previous year, the firm earned $4.71 earnings per share. Analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Monday, June 16th were given a $0.525 dividend. The ex-dividend date was Monday, June 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.29%. Meta Platforms’s dividend payout ratio is currently 8.19%.

Insider Activity

In other Meta Platforms news, CTO Andrew Bosworth sold 22,449 shares of the company’s stock in a transaction on Friday, May 16th. The shares were sold at an average price of $636.85, for a total value of $14,296,645.65. Following the completion of the transaction, the chief technology officer directly owned 1,183 shares in the company, valued at approximately $753,393.55. This represents a 94.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mark Zuckerberg sold 13,793 shares of the firm’s stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $701.13, for a total transaction of $9,670,686.09. Following the completion of the sale, the chief executive officer directly owned 118,279 shares of the company’s stock, valued at approximately $82,928,955.27. This represents a 10.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 152,865 shares of company stock valued at $105,467,671. Company insiders own 13.61% of the company’s stock.

Wall Street Analyst Weigh In

META has been the topic of a number of analyst reports. Scotiabank boosted their price objective on Meta Platforms from $525.00 to $675.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 22nd. Piper Sandler reiterated an “overweight” rating and set a $808.00 price target (up from $650.00) on shares of Meta Platforms in a research report on Friday, June 27th. Pivotal Research lowered their price target on shares of Meta Platforms from $875.00 to $830.00 and set a “buy” rating on the stock in a report on Thursday, May 1st. Loop Capital boosted their price objective on shares of Meta Platforms from $695.00 to $888.00 and gave the company a “buy” rating in a research note on Friday, May 16th. Finally, Benchmark increased their target price on shares of Meta Platforms from $640.00 to $800.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Five equities research analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $752.33.

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.