Compass Financial Group INC SD Buys 26 Shares of Meta Platforms, Inc. $META

Compass Financial Group INC SD boosted its stake in Meta Platforms, Inc. (NASDAQ:META) by 6.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 407 shares of the social networking company’s stock after acquiring an additional 26 shares during the period. Compass Financial Group INC SD’s holdings in Meta Platforms were worth $235,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Inlight Wealth Management LLC bought a new stake in shares of Meta Platforms in the first quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Meta Platforms in the first quarter valued at approximately $28,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Meta Platforms in the first quarter valued at approximately $33,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of Meta Platforms in the fourth quarter valued at approximately $45,000. Finally, JCIC Asset Management Inc. raised its position in shares of Meta Platforms by 102.6% in the first quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company’s stock valued at $46,000 after purchasing an additional 40 shares during the period. Institutional investors own 79.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on META shares. Wells Fargo & Company upped their target price on shares of Meta Platforms from $783.00 to $811.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Barclays upped their target price on shares of Meta Platforms from $640.00 to $810.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. The Goldman Sachs Group upped their target price on shares of Meta Platforms from $685.00 to $690.00 and gave the stock a “buy” rating in a report on Thursday, May 1st. Guggenheim reaffirmed a “buy” rating and set a $800.00 target price (up previously from $725.00) on shares of Meta Platforms in a report on Monday, July 28th. Finally, Pivotal Research boosted their price target on shares of Meta Platforms from $830.00 to $930.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Four analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $822.41.

Meta Platforms Price Performance

Meta Platforms stock opened at $767.37 on Tuesday. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.97 and a quick ratio of 1.97. The business has a 50 day simple moving average of $725.90 and a 200-day simple moving average of $655.75. The stock has a market capitalization of $1.93 trillion, a PE ratio of 27.78, a price-to-earnings-growth ratio of 1.63 and a beta of 1.27.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 earnings per share for the quarter, topping analysts’ consensus estimates of $5.75 by $1.39. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%. The firm had revenue of $47.52 billion for the quarter, compared to analyst estimates of $44.55 billion. During the same quarter in the prior year, the company posted $5.16 earnings per share. Meta Platforms’s quarterly revenue was up 21.6% on a year-over-year basis. Equities analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Monday, June 16th were issued a $0.525 dividend. The ex-dividend date of this dividend was Monday, June 16th. This represents a $2.10 annualized dividend and a yield of 0.3%. Meta Platforms’s dividend payout ratio is 7.60%.

Insider Transactions at Meta Platforms

In related news, COO Javier Olivan sold 517 shares of the stock in a transaction on Monday, August 11th. The stock was sold at an average price of $770.00, for a total transaction of $398,090.00. Following the sale, the chief operating officer owned 4,751 shares of the company’s stock, valued at $3,658,270. This trade represents a 9.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mark Zuckerberg sold 1,037 shares of Meta Platforms stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $785.18, for a total value of $814,231.66. The disclosure for this sale can be found here. Insiders sold a total of 267,732 shares of company stock worth $199,652,003 over the last ninety days. 13.61% of the stock is currently owned by company insiders.

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.