Full Sail Capital LLC Has $1.16 Million Stock Holdings in Meta Platforms, Inc. (NASDAQ:META)

Full Sail Capital LLC cut its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 4.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,293 shares of the social networking company’s stock after selling 117 shares during the period. Full Sail Capital LLC’s holdings in Meta Platforms were worth $1,156,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vantage Financial Partners LLC grew its holdings in shares of Meta Platforms by 3.2% during the fourth quarter. Vantage Financial Partners LLC now owns 1,323 shares of the social networking company’s stock valued at $468,000 after buying an additional 41 shares in the last quarter. Concentrum Wealth Management grew its holdings in shares of Meta Platforms by 111.0% during the fourth quarter. Concentrum Wealth Management now owns 7,391,877 shares of the social networking company’s stock valued at $2,616,000 after buying an additional 3,888,308 shares in the last quarter. Aveo Capital Partners LLC grew its holdings in shares of Meta Platforms by 45.7% during the fourth quarter. Aveo Capital Partners LLC now owns 2,302 shares of the social networking company’s stock valued at $815,000 after buying an additional 722 shares in the last quarter. 9258 Wealth Management LLC grew its holdings in shares of Meta Platforms by 66.4% during the fourth quarter. 9258 Wealth Management LLC now owns 3,993 shares of the social networking company’s stock valued at $1,413,000 after buying an additional 1,594 shares in the last quarter. Finally, Rollins Financial grew its holdings in shares of Meta Platforms by 7.5% during the fourth quarter. Rollins Financial now owns 30,657 shares of the social networking company’s stock valued at $10,851,000 after buying an additional 2,133 shares in the last quarter. 79.91% of the stock is owned by institutional investors and hedge funds.

Meta Platforms Stock Down 0.1 %

NASDAQ META opened at $567.36 on Friday. The firm has a market cap of $1.44 trillion, a PE ratio of 32.59, a price-to-earnings-growth ratio of 1.39 and a beta of 1.21. Meta Platforms, Inc. has a one year low of $279.40 and a one year high of $577.40. The stock’s 50 day simple moving average is $516.19 and its 200 day simple moving average is $499.60. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.83 and a quick ratio of 2.83.

Meta Platforms (NASDAQ:META) last released its quarterly earnings results on Wednesday, July 31st. The social networking company reported $5.16 EPS for the quarter, topping analysts’ consensus estimates of $4.70 by $0.46. The business had revenue of $39.07 billion for 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%. Meta Platforms’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same period in the prior year, the company earned $3.23 EPS. As a group, sell-side analysts forecast that Meta Platforms, Inc. will post 21.36 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Monday, September 16th were paid a $0.50 dividend. The ex-dividend date was Monday, September 16th. This represents a $2.00 annualized dividend and a dividend yield of 0.35%. Meta Platforms’s dividend payout ratio (DPR) is currently 11.49%.

Insider Activity

In other news, insider Christopher K. Cox sold 10,000 shares of Meta Platforms stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $569.93, for a total value of $5,699,300.00. Following the completion of the sale, the insider now directly owns 328,662 shares of the company’s stock, valued at approximately $187,314,333.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Christopher K. Cox sold 10,000 shares of Meta Platforms stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $569.93, for a total value of $5,699,300.00. Following the completion of the sale, the insider now directly owns 328,662 shares of the company’s stock, valued at approximately $187,314,333.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jennifer Newstead sold 905 shares of Meta Platforms stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $500.57, for a total value of $453,015.85. Following the completion of the sale, the insider now directly owns 37,845 shares of the company’s stock, valued at $18,944,071.65. The disclosure for this sale can be found here. In the last ninety days, insiders sold 342,358 shares of company stock valued at $179,431,101. Company insiders own 13.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on META shares. Truist Financial boosted their target price on Meta Platforms from $535.00 to $570.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Wolfe Research began coverage on Meta Platforms in a research note on Tuesday, July 16th. They set an “outperform” rating and a $620.00 price target for the company. Roth Mkm upped their price target on Meta Platforms from $510.00 to $550.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. The Goldman Sachs Group upped their price target on Meta Platforms from $522.00 to $555.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, Susquehanna upped their price target on Meta Platforms from $550.00 to $600.00 and gave the stock a “positive” rating in a research note on Thursday, August 1st. Two analysts have rated the stock with a sell rating, two have given a hold rating, thirty-four have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $591.23.

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.