Graham Capital Wealth Management LLC Acquires New Shares in Meta Platforms, Inc. (NASDAQ:META)

Graham Capital Wealth Management LLC acquired a new stake in Meta Platforms, Inc. (NASDAQ:META) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 398 shares of the social networking company’s stock, valued at approximately $201,000.

Several other large investors have also bought and sold shares of the business. Delos Wealth Advisors LLC increased its stake in shares of Meta Platforms by 527.3% in the first quarter. Delos Wealth Advisors LLC now owns 69 shares of the social networking company’s stock valued at $34,000 after buying an additional 58 shares during the period. POM Investment Strategies LLC bought a new position in shares of Meta Platforms during the second quarter valued at $38,000. Ruedi Wealth Management Inc. raised its stake in shares of Meta Platforms by 122.2% during the second quarter. Ruedi Wealth Management Inc. now owns 80 shares of the social networking company’s stock valued at $40,000 after acquiring an additional 44 shares during the last quarter. Richardson Financial Services Inc. raised its stake in shares of Meta Platforms by 95.6% during the first quarter. Richardson Financial Services Inc. now owns 88 shares of the social networking company’s stock valued at $41,000 after acquiring an additional 43 shares during the last quarter. Finally, Kathleen S. Wright Associates Inc. bought a new position in shares of Meta Platforms during the first quarter valued at $44,000. 79.91% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Meta Platforms news, insider Christopher K. Cox sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $569.93, for a total value of $5,699,300.00. Following the completion of the transaction, the insider now owns 328,662 shares of the company’s stock, valued at approximately $187,314,333.66. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, COO Javier Olivan sold 413 shares of the company’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $560.00, for a total value of $231,280.00. Following the completion of the sale, the chief operating officer now owns 12,772 shares of the company’s stock, valued at approximately $7,152,320. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Christopher K. Cox sold 10,000 shares of the company’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $569.93, for a total transaction of $5,699,300.00. Following the completion of the sale, the insider now directly owns 328,662 shares of the company’s stock, valued at approximately $187,314,333.66. The disclosure for this sale can be found here. Insiders sold a total of 324,751 shares of company stock valued at $170,575,643 in the last quarter. Corporate insiders own 13.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on META shares. Deutsche Bank Aktiengesellschaft raised their price target on shares of Meta Platforms from $525.00 to $585.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Susquehanna lifted their target price on shares of Meta Platforms from $550.00 to $600.00 and gave the stock a “positive” rating in a research note on Thursday, August 1st. Jefferies Financial Group lifted their target price on shares of Meta Platforms from $565.00 to $600.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Wedbush reissued an “outperform” rating and set a $600.00 target price on shares of Meta Platforms in a research note on Thursday, September 26th. Finally, Needham & Company LLC reissued an “underperform” rating on shares of Meta Platforms in a research note on Wednesday, September 4th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, thirty-four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $593.28.

Meta Platforms Stock Performance

Meta Platforms stock opened at $572.44 on Tuesday. The firm’s 50 day simple moving average is $517.89 and its 200 day simple moving average is $500.20. The company has a current ratio of 2.83, a quick ratio of 2.83 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $1.45 trillion, a PE ratio of 32.88, a price-to-earnings-growth ratio of 1.39 and a beta of 1.21. Meta Platforms, Inc. has a 1-year low of $279.40 and a 1-year high of $577.40.

Meta Platforms (NASDAQ:META) last posted its earnings results on Wednesday, July 31st. The social networking company reported $5.16 earnings per share for the quarter, topping analysts’ consensus estimates of $4.70 by $0.46. Meta Platforms had a net margin of 34.34% and a return on equity of 34.16%. The business had revenue of $39.07 billion for the quarter, compared to analyst estimates of $38.26 billion. During the same quarter in the prior year, the firm posted $3.23 EPS. Meta Platforms’s revenue was up 22.1% on a year-over-year basis. As a group, analysts expect that Meta Platforms, Inc. will post 21.36 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Monday, September 16th were paid a $0.50 dividend. The ex-dividend date was Monday, September 16th. This represents a $2.00 dividend on an annualized basis and a yield of 0.35%. Meta Platforms’s dividend payout ratio is presently 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.