Stableford Capital II LLC Sells 271 Shares of Meta Platforms, Inc. (NASDAQ:META)

Stableford Capital II LLC reduced its position in Meta Platforms, Inc. (NASDAQ:META) by 3.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,828 shares of the social networking company’s stock after selling 271 shares during the quarter. Meta Platforms comprises about 1.7% of Stableford Capital II LLC’s holdings, making the stock its 15th biggest holding. Stableford Capital II LLC’s holdings in Meta Platforms were worth $4,287,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of META. Stone House Investment Management LLC raised its stake in Meta Platforms by 625.0% in the third quarter. Stone House Investment Management LLC now owns 87 shares of the social networking company’s stock valued at $26,000 after purchasing an additional 75 shares in the last quarter. Beaird Harris Wealth Management LLC raised its stake in Meta Platforms by 68.9% in the third quarter. Beaird Harris Wealth Management LLC now owns 103 shares of the social networking company’s stock valued at $31,000 after purchasing an additional 42 shares in the last quarter. Quest Partners LLC purchased a new stake in Meta Platforms in the fourth quarter valued at approximately $32,000. Clear Investment Research LLC raised its stake in Meta Platforms by 411.1% in the fourth quarter. Clear Investment Research LLC now owns 92 shares of the social networking company’s stock valued at $33,000 after purchasing an additional 74 shares in the last quarter. Finally, Cranbrook Wealth Management LLC raised its stake 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 valued at $36,000 after purchasing an additional 45 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Mark Zuckerberg sold 77,412 shares of the company’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $504.82, for a total value of $39,079,125.84. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Meta Platforms news, CEO Mark Zuckerberg sold 77,412 shares of the business’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $504.82, for a total value of $39,079,125.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Javier Olivan sold 412 shares of the business’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $505.75, for a total value of $208,369.00. Following the completion of the transaction, the chief operating officer now directly owns 8,031 shares of the company’s stock, valued at approximately $4,061,678.25. The disclosure for this sale can be found here. Insiders have sold a total of 313,169 shares of company stock worth $153,344,736 in the last quarter. Corporate insiders own 13.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. TD Cowen lowered their target price on shares of Meta Platforms from $590.00 to $530.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. JPMorgan Chase & Co. decreased their price target on shares of Meta Platforms from $535.00 to $480.00 and set an “overweight” rating on the stock in a research note on Thursday, April 25th. Oppenheimer decreased their price target on shares of Meta Platforms from $585.00 to $500.00 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. Wolfe Research decreased their price target on shares of Meta Platforms from $530.00 to $500.00 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. Finally, Roth Mkm lifted their price target on shares of Meta Platforms from $500.00 to $510.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. 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 given a strong buy rating to the stock. Based on data from MarketBeat, Meta Platforms presently has an average rating of “Moderate Buy” and an average price target of $510.05.

Meta Platforms Stock Performance

Shares of META stock opened at $501.70 on Friday. Meta Platforms, Inc. has a 12 month low of $274.38 and a 12 month high of $531.49. The stock has a market cap of $1.27 trillion, a PE ratio of 28.82, a price-to-earnings-growth ratio of 1.30 and a beta of 1.21. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.12. The company’s fifty day moving average price is $479.38 and its 200-day moving average price is $445.90.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings results on Wednesday, April 24th. The social networking company reported $4.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.32 by $0.39. The company had revenue of $36.46 billion for the quarter, compared to analysts’ expectations of $36.28 billion. Meta Platforms had a net margin of 32.06% and a return on equity of 32.03%. On average, equities analysts expect that Meta Platforms, Inc. will post 20.16 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 26th. Investors of record on Friday, June 14th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date of this dividend is Friday, June 14th. Meta Platforms’s payout ratio is 11.49%.

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.