Toth Financial Advisory Corp Sells 1,290 Shares of Meta Platforms, Inc. (NASDAQ:META)

Toth Financial Advisory Corp trimmed its holdings in Meta Platforms, Inc. (NASDAQ:META) by 52.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,147 shares of the social networking company’s stock after selling 1,290 shares during the quarter. Toth Financial Advisory Corp’s holdings in Meta Platforms were worth $557,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Beaird Harris Wealth Management LLC increased its stake in Meta Platforms by 68.9% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 103 shares of the social networking company’s stock valued at $31,000 after purchasing an additional 42 shares in the last quarter. Quest Partners LLC bought a new stake in Meta Platforms during the 4th quarter valued at about $32,000. Clear Investment Research LLC increased its stake in Meta Platforms by 411.1% during the 4th quarter. Clear Investment Research LLC now owns 92 shares of the social networking company’s stock valued at $33,000 after purchasing an additional 74 shares in the last quarter. Cranbrook Wealth Management LLC increased its stake in Meta Platforms by 80.4% during the 4th quarter. Cranbrook Wealth Management LLC now owns 101 shares of the social networking company’s stock valued at $36,000 after purchasing an additional 45 shares in the last quarter. Finally, Gilfoyle & Co LLC bought a new stake in Meta Platforms during the 4th quarter valued at about $39,000. 79.91% of the stock is currently owned by institutional investors.

Insider Activity

In other news, COO Javier Olivan sold 490 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $486.75, for a total transaction of $238,507.50. Following the completion of the sale, the chief operating officer now directly owns 8,559 shares of the company’s stock, valued at $4,166,093.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Susan J. Li sold 8,951 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $471.85, for a total value of $4,223,529.35. Following the completion of the sale, the chief financial officer now directly owns 74,580 shares of the company’s stock, valued at $35,190,573. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Javier Olivan sold 490 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $486.75, for a total transaction of $238,507.50. Following the completion of the sale, the chief operating officer now directly owns 8,559 shares of the company’s stock, valued at $4,166,093.25. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 233,512 shares of company stock valued at $113,597,536. 13.71% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

META has been the topic of a number of recent analyst reports. BNP Paribas initiated coverage on shares of Meta Platforms in a report on Thursday, May 2nd. They set an “underperform” rating and a $360.00 price target on the stock. Raymond James raised their price target on shares of Meta Platforms from $525.00 to $550.00 and gave the company a “strong-buy” rating in a report on Wednesday, June 5th. Robert W. Baird dropped their price target on shares of Meta Platforms from $525.00 to $500.00 and set an “outperform” rating on the stock in a report on Thursday, April 25th. Barclays dropped their price target on shares of Meta Platforms from $550.00 to $520.00 and set an “overweight” rating on the stock in a report on Thursday, April 25th. Finally, KeyCorp raised their price target on shares of Meta Platforms from $475.00 to $540.00 and gave the company an “overweight” rating in a report on Thursday, June 20th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, thirty-seven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Meta Platforms has an average rating of “Moderate Buy” and an average price target of $510.05.

Meta Platforms Stock Down 3.0 %

NASDAQ META opened at $504.22 on Friday. 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 fifty day moving average of $480.00 and a two-hundred day moving average of $454.77. The firm has a market capitalization of $1.28 trillion, a price-to-earnings ratio of 28.96, a PEG ratio of 1.31 and a beta of 1.21. Meta Platforms, Inc. has a 52 week low of $274.38 and a 52 week high of $531.49.

Meta Platforms (NASDAQ:META) last issued its earnings results on Wednesday, April 24th. The social networking company reported $4.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.32 by $0.39. The firm had revenue of $36.46 billion during the quarter, compared to analyst estimates of $36.28 billion. Meta Platforms had a net margin of 32.06% and a return on equity of 32.03%. On average, analysts predict that Meta Platforms, Inc. will post 20.16 earnings per share for the current year.

Meta Platforms Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Friday, June 14th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date was Friday, June 14th. Meta Platforms’s dividend payout ratio is currently 11.49%.

Meta Platforms 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.