Intrua Financial LLC Has $1.71 Million Stock Holdings in Meta Platforms, Inc. $META

Intrua Financial LLC boosted its holdings in shares of Meta Platforms, Inc. (NASDAQ:METAFree Report) by 109.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,331 shares of the social networking company’s stock after purchasing an additional 1,218 shares during the quarter. Intrua Financial LLC’s holdings in Meta Platforms were worth $1,711,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in META. Norges Bank bought a new position in Meta Platforms during the second quarter worth $23,155,393,000. Laurel Wealth Advisors LLC grew its position in Meta Platforms by 73,443.1% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 8,417,003 shares of the social networking company’s stock worth $6,212,506,000 after purchasing an additional 8,405,558 shares during the last quarter. State Street Corp increased its holdings in shares of Meta Platforms by 1.9% during the 2nd quarter. State Street Corp now owns 86,925,674 shares of the social networking company’s stock worth $64,158,971,000 after purchasing an additional 1,650,435 shares during the period. Vanguard Group Inc. increased its holdings in shares of Meta Platforms by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 192,591,101 shares of the social networking company’s stock worth $142,149,566,000 after purchasing an additional 1,532,568 shares during the period. Finally, Corient Private Wealth LLC raised its position in shares of Meta Platforms by 103.5% during the second quarter. Corient Private Wealth LLC now owns 1,998,624 shares of the social networking company’s stock valued at $1,475,166,000 after buying an additional 1,016,667 shares during the last quarter. 79.91% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Meta Platforms news, CTO Andrew Bosworth sold 11,690 shares of Meta Platforms stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $593.31, for a total value of $6,935,793.90. Following the completion of the transaction, the chief technology officer owned 2,415 shares in the company, valued at approximately $1,432,843.65. The trade was a 82.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert M. Kimmitt sold 600 shares of the stock in a transaction on Monday, November 17th. The stock was sold at an average price of $609.35, for a total value of $365,610.00. Following the sale, the director owned 7,347 shares in the company, valued at $4,476,894.45. The trade was a 7.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 39,596 shares of company stock valued at $24,277,237 in the last ninety days. 13.61% of the stock is owned by corporate insiders.

Key Headlines Impacting Meta Platforms

Here are the key news stories impacting Meta Platforms this week:

Meta Platforms Stock Performance

Meta Platforms stock opened at $672.97 on Wednesday. The firm has a market capitalization of $1.70 trillion, a P/E ratio of 29.72, a P/E/G ratio of 1.33 and a beta of 1.29. The stock has a fifty day moving average price of $645.06 and a two-hundred day moving average price of $696.04. Meta Platforms, Inc. has a 52-week low of $479.80 and a 52-week high of $796.25. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.98 and a quick ratio of 1.98.

Meta Platforms (NASDAQ:METAGet Free Report) last posted its earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share for the quarter, topping the consensus estimate of $6.74 by $0.51. The business had revenue of $51.24 billion for the quarter, compared to analyst estimates of $49.34 billion. Meta Platforms had a net margin of 30.89% and a return on equity of 39.35%. The firm’s quarterly revenue was up 26.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.03 EPS. As a group, analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Monday, December 15th were issued a dividend of $0.525 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. Meta Platforms’s dividend payout ratio (DPR) is presently 9.28%.

Wall Street Analysts Forecast Growth

META has been the topic of a number of recent research reports. Needham & Company LLC reissued a “hold” rating on shares of Meta Platforms in a research report on Thursday, October 30th. Wall Street Zen lowered Meta Platforms from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. The Goldman Sachs Group restated a “buy” rating on shares of Meta Platforms in a research report on Tuesday, October 14th. Rothschild & Co Redburn raised Meta Platforms from a “neutral” rating to a “buy” rating and raised their target price for the stock from $740.00 to $900.00 in a research report on Monday. Finally, Piper Sandler lowered their price target on shares of Meta Platforms from $880.00 to $840.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Five research analysts have rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, Meta Platforms has a consensus rating of “Moderate Buy” and an average price target of $822.00.

Get Our Latest Stock Analysis on Meta Platforms

About Meta Platforms

(Free Report)

Meta Platforms, Inc (NASDAQ: META), formerly Facebook, Inc, is a global technology company best known for building social networking services and immersive computing platforms. Founded in 2004 and headquartered in Menlo Park, California, the company operates a family of consumer-facing products and services that connect users, creators and businesses. In October 2021 the company rebranded as Meta to reflect an expanded strategic focus on augmented and virtual reality technologies alongside its social media businesses.

Meta’s core consumer products include Facebook, Instagram, WhatsApp and Messenger, which enable social networking, messaging, content sharing and community building across mobile and desktop devices.

See Also

Institutional Ownership by Quarter for Meta Platforms (NASDAQ:META)

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