Annis Gardner Whiting Capital Advisors LLC Buys 2,712 Shares of Meta Platforms, Inc. $META

Annis Gardner Whiting Capital Advisors LLC raised its stake in shares of Meta Platforms, Inc. (NASDAQ:METAFree Report) by 35.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,363 shares of the social networking company’s stock after purchasing an additional 2,712 shares during the period. Meta Platforms accounts for 1.6% of Annis Gardner Whiting Capital Advisors LLC’s portfolio, making the stock its 11th largest holding. Annis Gardner Whiting Capital Advisors LLC’s holdings in Meta Platforms were worth $7,611,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank bought a new stake in Meta Platforms during the 2nd quarter valued at approximately $23,155,393,000. Laurel Wealth Advisors LLC lifted its holdings in shares of Meta Platforms by 73,443.1% during the second quarter. Laurel Wealth Advisors LLC now owns 8,417,003 shares of the social networking company’s stock worth $6,212,506,000 after buying an additional 8,405,558 shares during the last quarter. State Street Corp boosted its position in shares of Meta Platforms by 1.9% in the second quarter. State Street Corp now owns 86,925,674 shares of the social networking company’s stock valued at $64,158,971,000 after acquiring an additional 1,650,435 shares during the period. Vanguard Group Inc. boosted its position in shares of Meta Platforms by 0.8% in the second quarter. Vanguard Group Inc. now owns 192,591,101 shares of the social networking company’s stock valued at $142,149,566,000 after acquiring an additional 1,532,568 shares during the period. Finally, Corient Private Wealth LLC grew its stake in shares of Meta Platforms by 103.5% in the second quarter. Corient Private Wealth LLC now owns 1,998,624 shares of the social networking company’s stock worth $1,475,166,000 after acquiring an additional 1,016,667 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Meta Platforms news, CTO Andrew Bosworth sold 11,690 shares of the company’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $593.31, for a total transaction of $6,935,793.90. Following the sale, the chief technology officer directly owned 2,415 shares of the company’s stock, valued at approximately $1,432,843.65. This represents a 82.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Javier Olivan sold 2,610 shares of the firm’s stock in a transaction that occurred on Saturday, November 15th. The stock was sold at an average price of $609.46, for a total transaction of $1,590,690.60. Following the sale, the chief operating officer directly owned 9,784 shares of the company’s stock, valued at approximately $5,962,956.64. The trade was a 21.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 39,594 shares of company stock worth $24,325,407 over the last ninety days. Corporate insiders own 13.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on META. JPMorgan Chase & Co. increased their price target on shares of Meta Platforms from $800.00 to $825.00 and gave the company an “overweight” rating in a report on Thursday, January 29th. Jefferies Financial Group upped their price objective on shares of Meta Platforms from $910.00 to $1,000.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. DA Davidson lifted their target price on Meta Platforms from $825.00 to $850.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Scotiabank upped their price target on Meta Platforms from $685.00 to $700.00 and gave the company a “sector perform” rating in a report on Thursday, January 29th. Finally, Argus reiterated a “buy” rating and issued a $800.00 price objective on shares of Meta Platforms in a research report on Monday, February 2nd. Four analysts have rated the stock with a Strong Buy rating, forty have assigned a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $847.40.

Check Out Our Latest Stock Analysis on META

Meta Platforms Trading Down 1.3%

Shares of META opened at $661.46 on Friday. The company has a current ratio of 2.60, a quick ratio of 2.60 and a debt-to-equity ratio of 0.27. The stock has a market cap of $1.67 trillion, a PE ratio of 28.15, a PEG ratio of 1.14 and a beta of 1.28. Meta Platforms, Inc. has a 1 year low of $479.80 and a 1 year high of $796.25. The stock has a 50 day simple moving average of $656.76 and a 200-day simple moving average of $695.19.

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

Meta Platforms Dividend Announcement

The company also recently announced 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. The ex-dividend date was Monday, December 15th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. Meta Platforms’s dividend payout ratio (DPR) is 8.94%.

Key Meta Platforms News

Here are the key news stories impacting Meta Platforms this week:

Meta Platforms Company Profile

(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.

See Also

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

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