Several institutional investors and hedge funds have adjusted their positions in META. Delos Wealth Advisors LLC increased its stake in Meta Platforms by 527.3% in the first quarter, now owning 69 shares worth $34,000. POM Investment Strategies LLC acquired a new stake valued at about $38,000, while Ruedi Wealth Management Inc. boosted its position by 122.2%, now owning 80 shares worth $40,000. Richardson Financial Services Inc. also raised its position by 95.6%, now owning 88 shares valued at $41,000. Additionally, Kathleen S. Wright Associates Inc. acquired a new stake worth $44,000. Institutional investors and hedge funds currently own 79.91% of the stock.
Insiders Place Their Bets
In recent news, insider Christopher K. Cox sold 10,000 shares at an average price of $569.93, totaling $5,699,300.00. Insider Jennifer Newstead also sold 905 shares at an average price of $533.95, totaling $483,224.75. Insiders have sold a total of 324,751 shares valued at $170,575,643 in the last quarter, owning 13.71% of the stock.
Analyst Upgrades and Downgrades
A number of analysts have provided ratings for META shares, with a consensus rating of “Moderate Buy” and a price target of $593.28.
Read Our Latest Stock Analysis on Meta Platforms
Meta Platforms Stock Up 0.9 %
Meta Platforms opened at $572.44 on Tuesday, with a market cap of $1.45 trillion and a P/E ratio of 32.88. The company reported earnings of $5.16 per share for the quarter, exceeding analyst estimates. Meta Platforms also announced a quarterly dividend of $0.50 per share, representing a $2.00 dividend on an annualized basis with a yield of 0.35%.
Meta Platforms Company Profile
Meta Platforms, Inc engages in the development of products that enable people to connect and share through mobile devices worldwide. The company operates in two segments, Family of Apps and Reality Labs, offering products such as Facebook, Instagram, Messenger, and WhatsApp.
Read More
- Five stocks we like better than Meta Platforms
- Consumer Discretionary Stocks Explained
- Why Q2 Holdings Stock Could Be Your Next Big Buy
- Using the MarketBeat Dividend Yield Calculator
- October’s Big Winners: Top 5 Stocks to Keep on Your Radar
- What Are the FAANG Stocks and Are They Good Investments?
- Instacart Is Revolutionizing Groceries: Why It’s Time to Invest
Want to see what other hedge funds are holding META? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Meta Platforms, Inc.
Receive News & Ratings for Meta Platforms Daily – Enter your email below to receive a concise daily summary of the latest news and analysts’ ratings for Meta Platforms and related companies with MarketBeat.com’s FREE daily email newsletter.
