Meta Platforms, Inc. (NASDAQ:META) Shares Acquired by Venture Visionary Partners LLC

Venture Visionary Partners LLC grew its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 8.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,503 shares of the social networking company's stock after purchasing an additional 3,363 shares during the quarter. Meta Platforms makes up 1.1% of Venture Visionary Partners LLC's investment portfolio, making the stock its 17th largest holding. Venture Visionary Partners LLC's holdings in Meta Platforms were worth $24,904,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Delos Wealth Advisors LLC grew its stake in shares of Meta Platforms by 527.3% during the 1st quarter. Delos Wealth Advisors LLC now owns 69 shares of the social networking company's stock worth $34,000 after acquiring an additional 58 shares during the period. POM Investment Strategies LLC bought a new position in Meta Platforms during the second quarter worth about $38,000. Ruedi Wealth Management Inc. increased its stake in shares of Meta Platforms by 122.2% in the second quarter. Ruedi Wealth Management Inc. now owns 80 shares of the social networking company's stock worth $40,000 after purchasing an additional 44 shares in the last quarter. Richardson Financial Services Inc. raised its position in shares of Meta Platforms by 95.6% in the first quarter. Richardson Financial Services Inc. now owns 88 shares of the social networking company's stock valued at $41,000 after purchasing an additional 43 shares during the period. Finally, Kathleen S. Wright Associates Inc. purchased a new stake in shares of Meta Platforms during the 1st quarter valued at approximately $44,000. 79.91% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Meta Platforms

In other news, CEO Mark Zuckerberg sold 84 shares of the business's stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $600.00, for a total value of $50,400.00. Following the completion of the transaction, the chief executive officer now owns 518,424 shares of the company's stock, valued at $311,054,400. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Meta Platforms news, CEO Mark Zuckerberg sold 84 shares of the firm's stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $600.00, for a total value of $50,400.00. Following the sale, the chief executive officer now directly owns 518,424 shares of the company's stock, valued at approximately $311,054,400. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jennifer Newstead sold 901 shares of the business's stock in a transaction on Monday, August 5th. The stock was sold at an average price of $451.15, for a total transaction of $406,486.15. Following the completion of the sale, the insider now directly owns 33,324 shares of the company's stock, valued at approximately $15,034,122.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 250,324 shares of company stock worth $132,218,368. Company insiders own 13.71% of the company's stock.

Analyst Ratings Changes

META has been the subject of several recent research reports. Oppenheimer lifted their price target on Meta Platforms from $525.00 to $615.00 and gave the company an "outperform" rating in a research report on Thursday, August 1st. Roth Mkm increased their target price on shares of Meta Platforms from $550.00 to $620.00 and gave the stock a "buy" rating in a research note on Friday, October 11th. Monness Crespi & Hardt boosted their price objective on Meta Platforms from $570.00 to $620.00 and gave the stock a "buy" rating in a report on Monday, September 30th. Barclays increased their price target on shares of Meta Platforms from $520.00 to $550.00 and gave the company an "overweight" rating in a research report on Thursday, August 1st. Finally, TD Cowen increased their price target on shares of Meta Platforms from $600.00 to $675.00 and gave the company a "buy" rating in a research report on Thursday, October 17th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, thirty-five have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $619.20.

Meta Platforms Stock Performance

META stock traded down $17.59 during trading on Wednesday, reaching $564.42. The company had a trading volume of 9,070,528 shares, compared to its average volume of 15,107,155. The company has a market cap of $1.43 trillion, a price-to-earnings ratio of 32.41, a price-to-earnings-growth ratio of 1.45 and a beta of 1.22. Meta Platforms, Inc. has a twelve month low of $279.40 and a twelve month high of $602.95. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.83 and a current ratio of 2.83. The firm has a 50-day simple moving average of $548.79 and a 200-day simple moving average of $509.61.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The social networking company reported $5.16 earnings per share for the quarter, beating 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 firm had revenue of $39.07 billion for the quarter, compared to analyst estimates of $38.26 billion. During the same period in the previous year, the company earned $3.23 earnings per share. The business's quarterly revenue was up 22.1% compared to the same quarter last year. As a group, sell-side analysts expect that Meta Platforms, Inc. will post 21.37 earnings per share for the current year.

Meta Platforms Dividend Announcement

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