Meta Platforms, Inc. $META Shares Acquired by Sagespring Wealth Partners LLC

Sagespring Wealth Partners LLC increased its holdings in shares of Meta Platforms, Inc. (NASDAQ:METAFree Report) by 13.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 36,381 shares of the social networking company’s stock after acquiring an additional 4,209 shares during the period. Sagespring Wealth Partners LLC’s holdings in Meta Platforms were worth $26,717,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of META. Brighton Jones LLC lifted its position in shares of Meta Platforms by 1.7% during the 4th quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company’s stock valued at $20,230,000 after buying an additional 570 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in Meta Platforms by 10.2% in the 4th quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company’s stock worth $5,537,000 after buying an additional 875 shares during the last quarter. Headwater Capital Co Ltd increased its stake in Meta Platforms by 294.7% during the 1st quarter. Headwater Capital Co Ltd now owns 150,000 shares of the social networking company’s stock worth $86,454,000 after buying an additional 112,000 shares in the last quarter. Kavar Capital Partners Group LLC raised its holdings in shares of Meta Platforms by 3.6% during the second quarter. Kavar Capital Partners Group LLC now owns 2,383 shares of the social networking company’s stock valued at $1,759,000 after acquiring an additional 82 shares during the last quarter. Finally, HB Wealth Management LLC lifted its position in shares of Meta Platforms by 0.5% in the second quarter. HB Wealth Management LLC now owns 74,891 shares of the social networking company’s stock valued at $55,277,000 after acquiring an additional 342 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Insider Activity at Meta Platforms

In other news, insider Jennifer Newstead sold 519 shares of the company’s stock in a transaction that occurred on Tuesday, December 30th. The shares were sold at an average price of $658.69, for a total value of $341,860.11. Following the transaction, the insider directly owned 28,658 shares in the company, valued at approximately $18,876,738.02. This represents a 1.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Javier Olivan sold 517 shares of the stock in a transaction that occurred on Monday, January 26th. The stock was sold at an average price of $665.00, for a total transaction of $343,805.00. Following the transaction, the chief operating officer directly owned 10,132 shares of the company’s stock, valued at $6,737,780. The trade was a 4.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 39,077 shares of company stock worth $23,955,958. Company insiders own 13.61% of the company’s stock.

Meta Platforms Stock Performance

Meta Platforms stock opened at $706.41 on Tuesday. The firm has a 50 day simple moving average of $653.93 and a 200-day simple moving average of $696.00. The stock has a market cap of $1.78 trillion, a price-to-earnings ratio of 30.06, a price-to-earnings-growth ratio of 1.36 and a beta of 1.28. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.60 and a quick ratio of 2.60. Meta Platforms, Inc. has a 1-year low of $479.80 and a 1-year high of $796.25.

Meta Platforms (NASDAQ:METAGet Free Report) last released its quarterly earnings data on Wednesday, January 28th. The social networking company reported $8.88 EPS for the quarter, beating analysts’ consensus estimates of $8.16 by $0.72. The firm had revenue of $59.89 billion for the quarter, compared to analysts’ expectations of $58.33 billion. Meta Platforms had a return on equity of 38.61% and a net margin of 30.08%.The firm’s quarterly revenue was up 23.8% on a year-over-year basis. During the same period in the prior year, the firm posted $8.02 earnings per share. On average, analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Monday, December 15th were given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, December 15th. Meta Platforms’s dividend payout ratio (DPR) is presently 8.94%.

Trending Headlines about Meta Platforms

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Analyst Ratings Changes

Several research analysts recently commented on the company. BNP Paribas Exane assumed coverage on Meta Platforms in a research note on Monday, November 24th. They issued an “outperform” rating and a $800.00 price objective for the company. Sanford C. Bernstein reiterated an “outperform” rating and issued a $900.00 target price (up from $870.00) on shares of Meta Platforms in a research report on Thursday. Mizuho raised their price target on shares of Meta Platforms from $815.00 to $850.00 and gave the stock an “outperform” rating in a research note on Thursday, January 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Meta Platforms in a research note on Monday, December 29th. Finally, Pivotal Research cut their price objective on shares of Meta Platforms from $930.00 to $910.00 and set a “buy” rating for the company in a report on Thursday, January 29th. Five research analysts have rated the stock with a Strong Buy rating, forty-one have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $848.50.

Read Our Latest Stock Analysis on META

About Meta Platforms

(Free Report)

Meta Platforms, Inc (NASDAQ: META), formerly Facebook, Inc, is a global technology company best known for building social networking services and immersive computing platforms. Founded in 2004 and headquartered in Menlo Park, California, the company operates a family of consumer-facing products and services that connect users, creators and businesses. In October 2021 the company rebranded as Meta to reflect an expanded strategic focus on augmented and virtual reality technologies alongside its social media businesses.

Meta’s core consumer products include Facebook, Instagram, WhatsApp and Messenger, which enable social networking, messaging, content sharing and community building across mobile and desktop devices.

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Institutional Ownership by Quarter for Meta Platforms (NASDAQ:META)

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