Banque Cantonale Vaudoise grew its stake in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 38.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,822 shares of the social networking company’s stock after buying an additional 8,762 shares during the period. Meta Platforms accounts for about 0.6% of Banque Cantonale Vaudoise’s holdings, making the stock its 21st biggest holding. Banque Cantonale Vaudoise’s holdings in Meta Platforms were worth $15,452,000 as of its most recent filing with the Securities and Exchange Commission.
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Several other institutional investors and hedge funds also recently made changes to their positions in META. Stone House Investment Management LLC grew its stake in Meta Platforms by 625.0% during the third quarter. Stone House Investment Management LLC now owns 87 shares of the social networking company’s stock worth $26,000 after purchasing an additional 75 shares during the period. Beaird Harris Wealth Management LLC grew its stake in Meta Platforms by 68.9% during the third quarter. Beaird Harris Wealth Management LLC now owns 103 shares of the social networking company’s stock worth $31,000 after purchasing an additional 42 shares during the period. Quest Partners LLC acquired a new stake in Meta Platforms during the fourth quarter worth approximately $32,000. Clear Investment Research LLC grew its stake in Meta Platforms by 411.1% during the fourth quarter. Clear Investment Research LLC now owns 92 shares of the social networking company’s stock worth $33,000 after purchasing an additional 74 shares during the period. Finally, Cranbrook Wealth Management LLC boosted its holdings in Meta Platforms by 80.4% in the fourth quarter. Cranbrook Wealth Management LLC now owns 101 shares of the social networking company’s stock worth $36,000 after acquiring an additional 45 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.
Meta Platforms Price Performance
Shares of NASDAQ META opened at $494.78 on Friday. The stock has a market cap of $1.26 trillion, a PE ratio of 28.42, a price-to-earnings-growth ratio of 1.30 and a beta of 1.21. Meta Platforms, Inc. has a fifty-two week low of $274.38 and a fifty-two week high of $531.49. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.68 and a current ratio of 2.68. The stock has a fifty day moving average of $478.95 and a 200-day moving average of $446.29.
Meta Platforms (NASDAQ:META – Get Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The social networking company reported $4.71 earnings per share for the quarter, beating the consensus estimate of $4.32 by $0.39. The company had revenue of $36.46 billion during the quarter, compared to analysts’ expectations of $36.28 billion. Meta Platforms had a return on equity of 32.03% and a net margin of 32.06%. Equities research analysts anticipate that Meta Platforms, Inc. will post 20.16 earnings per share for the current year.
Meta Platforms Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Friday, June 14th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.40%. The ex-dividend date of this dividend is Friday, June 14th. Meta Platforms’s dividend payout ratio (DPR) is presently 11.49%.
Insider Activity
In related news, CEO Mark Zuckerberg sold 77,412 shares of Meta Platforms stock in a transaction on Monday, March 25th. The stock was sold at an average price of $504.82, for a total transaction of $39,079,125.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, COO Javier Olivan sold 412 shares of Meta Platforms stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $472.70, for a total transaction of $194,752.40. Following the completion of the sale, the chief operating officer now owns 15,376 shares of the company’s stock, valued at $7,268,235.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Mark Zuckerberg sold 77,412 shares of Meta Platforms stock in a transaction on Monday, March 25th. The shares were sold at an average price of $504.82, for a total value of $39,079,125.84. The disclosure for this sale can be found here. Over the last three months, insiders sold 313,169 shares of company stock worth $153,344,736. 13.71% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on META shares. Deutsche Bank Aktiengesellschaft cut their price target on Meta Platforms from $540.00 to $500.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. UBS Group cut their price target on Meta Platforms from $610.00 to $575.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. Piper Sandler reiterated an “overweight” rating and issued a $545.00 price target (down previously from $600.00) on shares of Meta Platforms in a report on Thursday, April 25th. JMP Securities reiterated a “market outperform” rating and issued a $550.00 price target on shares of Meta Platforms in a report on Monday, April 22nd. Finally, Loop Capital cut their price target on Meta Platforms from $555.00 to $550.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, thirty-seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $510.05.
Check Out Our Latest Stock Analysis on META
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.
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