Two Star Manager LLC increased its position in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 7.9% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 29,252 shares of the social networking company’s stock after acquiring an additional 2,141 shares during the period. Meta Platforms makes up about 8.1% of Two Star Manager LLC’s investment portfolio, making the stock its 3rd largest position. Two Star Manager LLC’s holdings in Meta Platforms were worth $16,860,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the company. Valley Financial Group Inc. grew its stake in shares of Meta Platforms by 2.4% in the 4th quarter. Valley Financial Group Inc. now owns 588 shares of the social networking company’s stock worth $344,000 after purchasing an additional 14 shares during the last quarter. Lantern Wealth Advisors LLC boosted its holdings in Meta Platforms by 0.5% during the fourth quarter. Lantern Wealth Advisors LLC now owns 2,976 shares of the social networking company’s stock worth $1,743,000 after buying an additional 14 shares in the last quarter. ABLE Financial Group LLC boosted its holdings in Meta Platforms by 0.7% during the fourth quarter. ABLE Financial Group LLC now owns 2,136 shares of the social networking company’s stock worth $1,251,000 after buying an additional 15 shares in the last quarter. Mosaic Family Wealth Partners LLC grew its position in Meta Platforms by 1.2% in the fourth quarter. Mosaic Family Wealth Partners LLC now owns 1,435 shares of the social networking company’s stock worth $840,000 after buying an additional 17 shares during the last quarter. Finally, Orin Green Financial LLC increased its holdings in shares of Meta Platforms by 2.2% in the fourth quarter. Orin Green Financial LLC now owns 795 shares of the social networking company’s stock valued at $465,000 after buying an additional 17 shares in the last quarter. Institutional investors own 79.91% of the company’s stock.
Meta Platforms Price Performance
Shares of META opened at $747.72 on Thursday. The business’s 50-day moving average is $727.95 and its 200-day moving average is $657.05. 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 company has a market capitalization of $1.88 trillion, a price-to-earnings ratio of 27.07, a P/E/G ratio of 1.56 and a beta of 1.27. Meta Platforms, Inc. has a fifty-two week low of $479.80 and a fifty-two week high of $796.25.
Meta Platforms Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Monday, June 16th were paid a $0.525 dividend. The ex-dividend date of this dividend was Monday, June 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. Meta Platforms’s dividend payout ratio is 7.60%.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on the company. Needham & Company LLC upgraded Meta Platforms from an “underperform” rating to a “hold” rating in a report on Thursday, July 3rd. TD Securities decreased their price target on Meta Platforms from $725.00 to $700.00 and set a “buy” rating for the company in a research report on Thursday, May 1st. Robert W. Baird boosted their price objective on Meta Platforms from $635.00 to $740.00 and gave the stock an “outperform” rating in a report on Wednesday, July 2nd. Truist Financial upped their price objective on shares of Meta Platforms from $700.00 to $720.00 and gave the company a “buy” rating in a research note on Thursday, May 1st. Finally, UBS Group lifted their target price on shares of Meta Platforms from $812.00 to $897.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $822.41.
Check Out Our Latest Analysis on META
Insider Buying and Selling at Meta Platforms
In other Meta Platforms news, CTO Andrew Bosworth sold 11,694 shares of the business’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $775.00, for a total value of $9,062,850.00. Following the transaction, the chief technology officer owned 1,799 shares in the company, valued at $1,394,225. The trade was a 86.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Javier Olivan sold 517 shares of the company’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $775.00, for a total value of $400,675.00. Following the completion of the transaction, the chief operating officer directly owned 13,128 shares in the company, valued at approximately $10,174,200. The trade was a 3.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 313,803 shares of company stock valued at $235,276,424 in the last quarter. Corporate insiders own 13.61% of the company’s stock.
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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