Vestor Capital LLC Has $54.96 Million Stock Position in Meta Platforms, Inc. (NASDAQ:META)

Vestor Capital LLC reduced its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 36.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 96,012 shares of the social networking company's stock after selling 55,136 shares during the quarter. Meta Platforms comprises 4.3% of Vestor Capital LLC's holdings, making the stock its 8th largest holding. Vestor Capital LLC's holdings in Meta Platforms were worth $54,961,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Delos Wealth Advisors LLC boosted its holdings in Meta Platforms by 527.3% in the first 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 in the last quarter. POM Investment Strategies LLC bought a new position in shares of Meta Platforms in the 2nd quarter worth $38,000. Ruedi Wealth Management Inc. grew its position in Meta Platforms by 122.2% in the 2nd quarter. Ruedi Wealth Management Inc. now owns 80 shares of the social networking company's stock valued at $40,000 after purchasing an additional 44 shares during the period. Richardson Financial Services Inc. increased its stake in Meta Platforms by 95.6% during the 1st 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 in the last quarter. Finally, Halpern Financial Inc. bought a new position in shares of Meta Platforms in the third quarter valued at $46,000. 79.91% of the stock is owned by institutional investors and hedge funds.

Meta Platforms Price Performance

META traded up $19.62 during trading on Thursday, reaching $591.67. The stock had a trading volume of 12,252,371 shares, compared to its average volume of 15,123,219. The business has a 50-day moving average of $558.95 and a 200-day moving average of $514.71. Meta Platforms, Inc. has a one year low of $313.66 and a one year high of $602.95. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.73 and a current ratio of 2.73. The stock has a market cap of $1.50 trillion, a PE ratio of 27.66, a PEG ratio of 1.24 and a beta of 1.22.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The social networking company reported $6.03 EPS for the quarter, beating the consensus estimate of $5.19 by $0.84. The firm had revenue of $40.59 billion for the quarter, compared to analyst estimates of $40.21 billion. Meta Platforms had a return on equity of 35.60% and a net margin of 35.55%. As a group, equities research analysts anticipate that Meta Platforms, Inc. will post 22.53 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Monday, September 16th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.34%. The ex-dividend date of this dividend was Monday, September 16th. Meta Platforms's dividend payout ratio is currently 9.42%.

Insiders Place Their Bets

In related news, CFO Susan J. Li sold 8,950 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $526.76, for a total transaction of $4,714,502.00. Following the completion of the sale, the chief financial officer now directly owns 74,579 shares in the company, valued at $39,285,234.04. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CFO Susan J. Li sold 8,950 shares of the company's stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $526.76, for a total transaction of $4,714,502.00. Following the completion of the sale, the chief financial officer now directly owns 74,579 shares in the company, valued at $39,285,234.04. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Mark Zuckerberg sold 16,702 shares of the business's stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $528.51, for a total value of $8,827,174.02. Following the transaction, the chief executive officer now owns 72,473 shares in the company, valued at approximately $38,302,705.23. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 243,919 shares of company stock valued at $129,296,067 over the last three months. Insiders own 13.71% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Wedbush restated an "outperform" rating and issued a $600.00 target price on shares of Meta Platforms in a report on Thursday, September 26th. Wolfe Research initiated coverage on Meta Platforms in a report on Tuesday, July 16th. They issued an "outperform" rating and a $620.00 target price on the stock. Raymond James upped their price target on Meta Platforms from $600.00 to $650.00 and gave the stock a "strong-buy" rating in a report on Thursday, October 10th. Pivotal Research raised their price objective on Meta Platforms from $780.00 to $800.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. 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, four have issued a hold rating, thirty-five have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $634.10.

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.