Meta Platforms, Inc. (NASDAQ:META) is Brucke Financial Inc.’s 9th Largest Position

Brucke Financial Inc. boosted its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 1.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,716 shares of the social networking company’s stock after acquiring an additional 84 shares during the period. Meta Platforms accounts for about 2.7% of Brucke Financial Inc.’s investment portfolio, making the stock its 9th largest holding. Brucke Financial Inc.’s holdings in Meta Platforms were worth $3,138,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of META. Brighton Jones LLC increased 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 valued at $20,230,000 after purchasing an additional 570 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in Meta Platforms by 10.2% during the 4th quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company’s stock valued at $5,537,000 after purchasing an additional 875 shares in the last quarter. Bank Pictet & Cie Europe AG increased its stake in Meta Platforms by 3.5% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 221,459 shares of the social networking company’s stock valued at $129,666,000 after purchasing an additional 7,587 shares in the last quarter. Highview Capital Management LLC DE increased its stake in Meta Platforms by 3.7% during the 4th quarter. Highview Capital Management LLC DE now owns 6,189 shares of the social networking company’s stock valued at $3,624,000 after purchasing an additional 218 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Meta Platforms during the 4th quarter valued at about $2,243,603,000. 79.91% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Meta Platforms

In other news, CTO Andrew Bosworth sold 22,449 shares of the business’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 transaction, the chief technology officer owned 1,183 shares of the company’s stock, valued at approximately $753,393.55. The trade was a 94.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mark Zuckerberg sold 13,793 shares of the business’s stock in a transaction on 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 transaction, the chief executive officer directly owned 118,279 shares in the company, valued at $82,928,955.27. This trade represents a 10.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 152,372 shares of company stock valued at $105,348,896 over the last 90 days. 13.61% of the stock is currently owned by corporate insiders.

Meta Platforms Price Performance

Shares of NASDAQ:META opened at $750.01 on Monday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.97 and a quick ratio of 1.97. Meta Platforms, Inc. has a 1-year low of $450.80 and a 1-year high of $784.75. The company has a market capitalization of $1.89 trillion, a P/E ratio of 27.15, a P/E/G ratio of 1.60 and a beta of 1.27. The firm’s 50 day simple moving average is $701.68 and its two-hundred day simple moving average is $646.12.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share for the quarter, beating the consensus estimate of $5.75 by $1.39. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The business had revenue of $47.52 billion for the quarter, compared to the consensus estimate of $44.55 billion. During the same quarter in the previous year, the firm earned $5.16 earnings per share. The company’s revenue for the quarter was up 21.6% on a year-over-year basis. Research analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Monday, June 16th were issued a dividend of $0.525 per share. The ex-dividend date of this dividend was Monday, June 16th. This represents a $2.10 annualized dividend and a yield of 0.3%. Meta Platforms’s payout ratio is currently 7.60%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on META. JMP Securities raised their price objective on shares of Meta Platforms from $750.00 to $900.00 and gave the company a “market outperform” rating in a research note on Thursday. HSBC upgraded shares of Meta Platforms from a “hold” rating to a “buy” rating and raised their price objective for the company from $610.00 to $900.00 in a research note on Thursday. Loop Capital raised 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. KeyCorp raised their price objective on shares of Meta Platforms from $800.00 to $905.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. lifted their price target on shares of Meta Platforms from $795.00 to $875.00 and gave the stock an “overweight” rating in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, Meta Platforms currently has a consensus rating of “Moderate Buy” and an average target price of $820.32.

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.