Capstone Financial Advisors Inc. Has $1.72 Million Holdings in Meta Platforms, Inc. (NASDAQ:META)

Capstone Financial Advisors Inc. raised its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 23.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,940 shares of the social networking company's stock after buying an additional 566 shares during the quarter. Capstone Financial Advisors Inc.'s holdings in Meta Platforms were worth $1,722,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Meta Platforms by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 191,198,005 shares of the social networking company's stock valued at $111,948,344,000 after purchasing an additional 1,502,553 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Meta Platforms by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 49,181,127 shares of the social networking company's stock valued at $28,719,970,000 after purchasing an additional 1,020,519 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Meta Platforms by 2.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 42,317,434 shares of the social networking company's stock valued at $24,777,282,000 after purchasing an additional 1,049,121 shares in the last quarter. Capital World Investors raised its stake in shares of Meta Platforms by 2.9% in the fourth quarter. Capital World Investors now owns 40,317,105 shares of the social networking company's stock valued at $23,606,338,000 after purchasing an additional 1,141,355 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Meta Platforms in the fourth quarter valued at $19,949,512,000. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Jennifer Newstead sold 921 shares of the company's stock in a transaction that occurred on Tuesday, April 22nd. The shares were sold at an average price of $491.87, for a total value of $453,012.27. Following the completion of the transaction, the insider now owns 27,498 shares in the company, valued at $13,525,441.26. This represents a 3.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Javier Olivan sold 406 shares of the company's stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $491.69, for a total transaction of $199,626.14. Following the completion of the transaction, the chief operating officer now owns 4,608 shares of the company's stock, valued at $2,265,707.52. This trade represents a 8.10 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 285,289 shares of company stock worth $200,201,352 over the last quarter. 13.71% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on META. Pivotal Research upped their target price on Meta Platforms from $800.00 to $875.00 and gave the company a "buy" rating in a research note on Thursday, January 30th. BMO Capital Markets upped their target price on Meta Platforms from $530.00 to $610.00 and gave the company a "market perform" rating in a research note on Thursday, January 30th. Cantor Fitzgerald dropped their price objective on Meta Platforms from $790.00 to $624.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. DA Davidson dropped their price objective on Meta Platforms from $800.00 to $650.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, Piper Sandler dropped their price objective on Meta Platforms from $775.00 to $610.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, thirty-five have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $679.02.

Meta Platforms Price Performance

Meta Platforms stock opened at $547.27 on Monday. The firm has a market capitalization of $1.39 trillion, a P/E ratio of 22.88, a PEG ratio of 1.42 and a beta of 1.28. Meta Platforms, Inc. has a 1 year low of $427.11 and a 1 year high of $740.91. The business has a 50-day moving average of $587.00 and a 200-day moving average of $604.68. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.16.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The social networking company reported $8.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.75 by $1.27. Meta Platforms had a return on equity of 38.17% and a net margin of 37.91%. During the same period last year, the firm posted $5.33 earnings per share. On average, equities analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 0.38%. The ex-dividend date of this dividend was Friday, March 14th. This is a boost from Meta Platforms's previous quarterly dividend of $0.50. Meta Platforms's dividend payout ratio is 8.78%.

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.

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