Meta Platforms, Inc. (NASDAQ:META) is Vanguard Capital Wealth Advisors’ 8th Largest Position

Vanguard Capital Wealth Advisors lessened its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 4.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,613 shares of the social networking company’s stock after selling 449 shares during the quarter. Meta Platforms accounts for 2.8% of Vanguard Capital Wealth Advisors’ portfolio, making the stock its 8th biggest holding. Vanguard Capital Wealth Advisors’ holdings in Meta Platforms were worth $3,403,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Stone House Investment Management LLC increased its position 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 valued at $26,000 after acquiring an additional 75 shares during the last quarter. Beaird Harris Wealth Management LLC increased its position 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 worth $31,000 after buying an additional 42 shares in the last quarter. PayPay Securities Corp increased its position in Meta Platforms by 65.2% in the third quarter. PayPay Securities Corp now owns 109 shares of the social networking company’s stock worth $33,000 after buying an additional 43 shares in the last quarter. Cranbrook Wealth Management LLC increased its position 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 buying an additional 45 shares in the last quarter. Finally, Gilfoyle & Co LLC purchased a new stake in Meta Platforms in the fourth quarter worth about $39,000. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on META shares. The Goldman Sachs Group reduced their price target on Meta Platforms from $555.00 to $500.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. JPMorgan Chase & Co. cut their target price on Meta Platforms from $535.00 to $480.00 and set an “overweight” rating for the company in a research report on Thursday, April 25th. Oppenheimer cut their target price on Meta Platforms from $585.00 to $500.00 and set an “outperform” rating for the company in a research report on Thursday, April 25th. Canaccord Genuity Group cut their target price on Meta Platforms from $610.00 to $575.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Meta Platforms from $540.00 to $500.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. One analyst has 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’s stock. Based on data from MarketBeat, Meta Platforms has an average rating of “Moderate Buy” and a consensus price target of $509.18.

Insiders Place Their Bets

In other Meta Platforms news, CTO Andrew Bosworth sold 8,036 shares of Meta Platforms stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $473.28, for a total transaction of $3,803,278.08. Following the completion of the sale, the chief technology officer now owns 18,432 shares of the company’s stock, valued at approximately $8,723,496.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Jennifer Newstead sold 585 shares of the business’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $522.00, for a total value of $305,370.00. Following the completion of the transaction, the insider now owns 38,398 shares of the company’s stock, valued at approximately $20,043,756. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Andrew Bosworth sold 8,036 shares of Meta Platforms stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $473.28, for a total value of $3,803,278.08. Following the completion of the transaction, the chief technology officer now owns 18,432 shares of the company’s stock, valued at approximately $8,723,496.96. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,276,482 shares of company stock valued at $620,451,095. 13.71% of the stock is owned by company insiders.

Meta Platforms Stock Down 0.6 %

Shares of Meta Platforms stock traded down $2.45 during trading on Tuesday, reaching $430.17. The company’s stock had a trading volume of 18,162,268 shares, compared to its average volume of 18,427,248. 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 company has a market cap of $1.10 trillion, a price-to-earnings ratio of 25.08, a P/E/G ratio of 1.15 and a beta of 1.20. Meta Platforms, Inc. has a 1-year low of $229.85 and a 1-year high of $531.49. The company has a 50-day simple moving average of $493.66 and a two-hundred day simple moving average of $406.15.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings data on Wednesday, April 24th. The social networking company reported $4.71 earnings per share for the quarter, topping analysts’ consensus estimates of $4.32 by $0.39. The firm 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%. As a group, equities analysts forecast that Meta Platforms, Inc. will post 20.2 earnings per share for the current year.

Meta Platforms Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Thursday, February 22nd were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $2.00 dividend on an annualized basis and a yield of 0.46%. Meta Platforms’s dividend payout ratio is currently 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.