Moser Wealth Advisors LLC Has $655,000 Stock Position in Meta Platforms, Inc. (NASDAQ:META)

Moser Wealth Advisors LLC lifted its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 8.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,300 shares of the social networking company’s stock after acquiring an additional 102 shares during the period. Moser Wealth Advisors LLC’s holdings in Meta Platforms were worth $655,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. HCR Wealth Advisors boosted its holdings in Meta Platforms by 0.6% during the second quarter. HCR Wealth Advisors now owns 18,132 shares of the social networking company’s stock worth $9,143,000 after purchasing an additional 111 shares during the last quarter. NRI Wealth Management LC purchased a new position in shares of Meta Platforms in the 2nd quarter worth approximately $501,000. Private Management Group Inc. boosted its stake in shares of Meta Platforms by 15.9% in the 2nd quarter. Private Management Group Inc. now owns 1,101 shares of the social networking company’s stock worth $555,000 after buying an additional 151 shares during the last quarter. First Foundation Advisors grew its holdings in shares of Meta Platforms by 10.7% in the second quarter. First Foundation Advisors now owns 22,171 shares of the social networking company’s stock valued at $11,179,000 after acquiring an additional 2,151 shares in the last quarter. Finally, Stonekeep Investments LLC purchased a new stake in shares of Meta Platforms during the second quarter valued at approximately $747,000. Institutional investors and hedge funds own 79.91% of the company’s stock.

Meta Platforms Stock Up 2.7 %

Shares of NASDAQ META opened at $525.60 on Friday. The firm’s fifty day moving average is $505.44 and its 200 day moving average is $495.07. Meta Platforms, Inc. has a 52 week low of $279.40 and a 52 week high of $544.23. The company has a quick ratio of 2.83, a current ratio of 2.83 and a debt-to-equity ratio of 0.12. The company has a market cap of $1.33 trillion, a price-to-earnings ratio of 30.19, a PEG ratio of 1.23 and a beta of 1.21.

Meta Platforms (NASDAQ:META) last released its quarterly earnings data on Wednesday, July 31st. The social networking company reported $5.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.70 by $0.46. The firm had revenue of $39.07 billion for the quarter, compared to analysts’ expectations of $38.26 billion. Meta Platforms had a net margin of 34.34% and a return on equity of 34.16%. The company’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.23 earnings per share. On average, equities research analysts expect that Meta Platforms, Inc. will post 21.36 earnings per share for the current year.

Meta Platforms Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Monday, September 16th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.38%. The ex-dividend date is Monday, September 16th. Meta Platforms’s dividend payout ratio (DPR) is currently 11.49%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. TD Cowen upped their price objective on Meta Platforms from $530.00 to $600.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Rosenblatt Securities raised their price objective on shares of Meta Platforms from $562.00 to $643.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. The Goldman Sachs Group boosted their target price on shares of Meta Platforms from $522.00 to $555.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. KeyCorp raised their price target on shares of Meta Platforms from $540.00 to $560.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Finally, Benchmark reiterated a “hold” rating on shares of Meta Platforms in a research note on Thursday, July 25th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, thirty-four have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $577.26.

Insider Transactions at Meta Platforms

In related news, CEO Mark Zuckerberg sold 150 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $500.49, for a total value of $75,073.50. Following the completion of the sale, the chief executive officer now owns 124,387 shares of the company’s stock, valued at $62,254,449.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Susan J. Li sold 33,018 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $517.94, for a total value of $17,101,342.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Mark Zuckerberg sold 150 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $500.49, for a total value of $75,073.50. Following the completion of the transaction, the chief executive officer now owns 124,387 shares of the company’s stock, valued at approximately $62,254,449.63. The disclosure for this sale can be found here. In the last three months, insiders have sold 357,574 shares of company stock worth $185,587,773. 13.71% of the stock is currently owned by insiders.

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.