&Partners Has $3.63 Million Holdings in Meta Platforms, Inc. (NASDAQ:META)

&Partners grew its position in Meta Platforms, Inc. (NASDAQ:META) by 7.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,459 shares of the social networking company’s stock after purchasing an additional 518 shares during the period. &Partners’ holdings in Meta Platforms were worth $3,634,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Madison Wealth Partners Inc lifted its position in shares of Meta Platforms by 1.6% in the 4th quarter. Madison Wealth Partners Inc now owns 1,417 shares of the social networking company’s stock worth $502,000 after acquiring an additional 23 shares during the period. Monterey Private Wealth Inc. lifted its position in shares of Meta Platforms by 1.8% in the 1st quarter. Monterey Private Wealth Inc. now owns 1,379 shares of the social networking company’s stock worth $670,000 after acquiring an additional 24 shares during the period. Grandview Asset Management LLC lifted its position in shares of Meta Platforms by 0.3% in the 1st quarter. Grandview Asset Management LLC now owns 8,549 shares of the social networking company’s stock worth $4,151,000 after acquiring an additional 24 shares during the period. Addison Advisors LLC lifted its position in shares of Meta Platforms by 3.9% in the 4th quarter. Addison Advisors LLC now owns 670 shares of the social networking company’s stock worth $237,000 after acquiring an additional 25 shares during the period. Finally, Smithfield Trust Co raised its holdings in shares of Meta Platforms by 0.5% in the 4th quarter. Smithfield Trust Co now owns 4,895 shares of the social networking company’s stock worth $1,730,000 after buying an additional 25 shares in the last quarter. 79.91% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Meta Platforms news, insider Jennifer Newstead sold 585 shares of Meta Platforms stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $522.00, for a total transaction of $305,370.00. Following the transaction, the insider now directly owns 38,398 shares in the company, valued at $20,043,756. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Meta Platforms news, CEO Mark Zuckerberg sold 31,493 shares of Meta Platforms stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $492.14, for a total value of $15,498,965.02. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jennifer Newstead sold 585 shares of Meta Platforms stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $522.00, for a total value of $305,370.00. Following the completion of the sale, the insider now directly owns 38,398 shares in the company, valued at approximately $20,043,756. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 235,757 shares of company stock worth $114,265,610. Corporate insiders own 13.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on META. Rosenblatt Securities increased their target price on Meta Platforms from $520.00 to $562.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Wells Fargo & Company dropped their target price on Meta Platforms from $609.00 to $600.00 and set an “overweight” rating for the company in a report on Wednesday, April 3rd. Barclays dropped their target price on Meta Platforms from $550.00 to $520.00 and set an “overweight” rating for the company in a report on Thursday, April 25th. Guggenheim dropped their target price on Meta Platforms from $520.00 to $500.00 and set a “buy” rating for the company in a report on Thursday, April 25th. Finally, Wolfe Research dropped their target price on Meta Platforms from $530.00 to $500.00 and set an “outperform” rating for the company in a report on Thursday, April 25th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, thirty-seven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $510.05.

Meta Platforms Stock Down 1.4 %

NASDAQ:META opened at $494.78 on Monday. Meta Platforms, Inc. has a 12-month low of $274.38 and a 12-month high of $531.49. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $1.26 trillion, a P/E ratio of 28.42, a P/E/G ratio of 1.30 and a beta of 1.21. The stock’s fifty day simple moving average is $478.61 and its 200-day simple moving average is $449.33.

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

Meta Platforms Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 26th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.50 per share. The ex-dividend date is Friday, June 14th. This represents a $2.00 annualized dividend and a yield of 0.40%. Meta Platforms’s dividend payout ratio is presently 11.49%.

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.