Stableford Capital II LLC Has $4.37 Million Stock Holdings in Meta Platforms, Inc. (NASDAQ:META)

Stableford Capital II LLC increased its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 7.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,462 shares of the social networking company’s stock after acquiring an additional 634 shares during the period. Meta Platforms comprises approximately 1.7% of Stableford Capital II LLC’s portfolio, making the stock its 12th biggest holding. Stableford Capital II LLC’s holdings in Meta Platforms were worth $4,371,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Baird Financial Group Inc. raised its holdings in shares of Meta Platforms by 24.2% during the 4th quarter. Baird Financial Group Inc. now owns 835,972 shares of the social networking company’s stock valued at $295,901,000 after purchasing an additional 163,067 shares in the last quarter. California State Teachers Retirement System raised its holdings in Meta Platforms by 1.5% during the fourth quarter. California State Teachers Retirement System now owns 3,576,285 shares of the social networking company’s stock valued at $1,265,862,000 after buying an additional 51,900 shares in the last quarter. Donoghue Forlines LLC lifted its position in shares of Meta Platforms by 94.4% in the fourth quarter. Donoghue Forlines LLC now owns 8,349 shares of the social networking company’s stock worth $2,955,000 after buying an additional 4,054 shares during the last quarter. Voyager Global Management LP boosted its stake in shares of Meta Platforms by 37.3% during the 4th quarter. Voyager Global Management LP now owns 515,000 shares of the social networking company’s stock worth $182,289,000 after acquiring an additional 140,000 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management UK Ltd. increased its holdings in shares of Meta Platforms by 400.0% during the 4th quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 2,500 shares of the social networking company’s stock valued at $885,000 after acquiring an additional 2,000 shares during the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Insider Buying and Selling

In other Meta Platforms news, insider Jennifer Newstead sold 905 shares of the stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $476.69, for a total value of $431,404.45. Following the transaction, the insider now directly owns 42,370 shares in the company, valued at approximately $20,197,355.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Mark Zuckerberg sold 2,011 shares of the stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $500.92, for a total value of $1,007,350.12. Following the transaction, the chief executive officer now directly owns 318,932 shares in the company, valued at $159,759,417.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jennifer Newstead sold 905 shares of Meta Platforms stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $476.69, for a total transaction of $431,404.45. Following the sale, the insider now directly owns 42,370 shares of the company’s stock, valued at approximately $20,197,355.30. The disclosure for this sale can be found here. Insiders sold 418,680 shares of company stock worth $211,992,147 in the last quarter. Insiders own 13.71% of the company’s stock.

Meta Platforms Price Performance

Shares of META stock opened at $531.93 on Friday. The stock’s fifty day moving average is $502.48 and its 200-day moving average is $490.42. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.68 and a current ratio of 2.83. Meta Platforms, Inc. has a 52 week low of $276.03 and a 52 week high of $544.23. The stock has a market capitalization of $1.35 trillion, a PE ratio of 30.55, a PEG ratio of 1.27 and a beta of 1.21.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings data 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. Meta Platforms had a net margin of 34.34% and a return on equity of 34.16%. The firm had revenue of $39.07 billion for the quarter, compared to analyst estimates of $38.26 billion. During the same quarter in the prior year, the firm earned $3.23 EPS. The company’s revenue was up 22.1% on a year-over-year basis. Equities research analysts expect that Meta Platforms, Inc. will post 20.5 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Investors of record on Friday, June 14th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date of this dividend was Friday, June 14th. Meta Platforms’s dividend payout ratio is currently 11.49%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on META shares. Roth Mkm upped their target price on Meta Platforms from $510.00 to $550.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Bank of America lifted their price objective on Meta Platforms from $550.00 to $563.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. BMO Capital Markets reaffirmed a “market perform” rating and issued a $450.00 target price on shares of Meta Platforms in a report on Wednesday, June 12th. BNP Paribas initiated coverage on Meta Platforms in a research report on Thursday, May 2nd. They issued an “underperform” rating and a $360.00 price target on the stock. Finally, JMP Securities reissued a “market outperform” rating and issued a $525.00 price objective on shares of Meta Platforms in a research report on Tuesday, July 30th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, thirty-three have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Meta Platforms currently has a consensus rating of “Moderate Buy” and a consensus target price of $574.41.

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.