Vista Cima Wealth Management LLC Purchases 1,195 Shares of Meta Platforms, Inc. $META

Vista Cima Wealth Management LLC boosted its position in shares of Meta Platforms, Inc. (NASDAQ:METAFree Report) by 157.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,954 shares of the social networking company’s stock after buying an additional 1,195 shares during the quarter. Meta Platforms accounts for 1.1% of Vista Cima Wealth Management LLC’s investment portfolio, making the stock its 22nd biggest holding. Vista Cima Wealth Management LLC’s holdings in Meta Platforms were worth $1,290,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Westchester Capital Management Inc. bought a new stake in Meta Platforms during the third quarter worth $26,000. RHL Group LLC bought a new stake in Meta Platforms during the fourth quarter worth $28,000. Strategic Wealth Advisors LLC bought a new stake in Meta Platforms during the fourth quarter worth $29,000. Key Capital Management INC bought a new stake in Meta Platforms during the fourth quarter worth $48,000. Finally, Entrust Financial LLC bought a new stake in Meta Platforms during the fourth quarter worth $48,000. 79.91% of the stock is owned by institutional investors.

Meta Platforms Price Performance

NASDAQ:META opened at $570.98 on Thursday. Meta Platforms, Inc. has a one year low of $520.26 and a one year high of $796.25. The company has a market cap of $1.44 trillion, a P/E ratio of 20.76, a P/E/G ratio of 1.04 and a beta of 1.23. The firm’s fifty day moving average price is $621.46 and its two-hundred day moving average price is $636.55. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.35 and a quick ratio of 2.35.

Meta Platforms (NASDAQ:METAGet Free Report) last released its quarterly earnings data on Wednesday, April 29th. The social networking company reported $10.44 EPS for the quarter, beating the consensus estimate of $6.67 by $3.77. Meta Platforms had a net margin of 32.84% and a return on equity of 36.93%. The firm had revenue of $56.31 billion for the quarter, compared to the consensus estimate of $55.56 billion. During the same period in the previous year, the company earned $6.43 earnings per share. The company’s quarterly revenue was up 33.1% on a year-over-year basis. Equities analysts expect that Meta Platforms, Inc. will post 29.35 earnings per share for the current year.

Meta Platforms Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Monday, June 15th will be paid a $0.525 dividend. The ex-dividend date is Monday, June 15th. This represents a $2.10 annualized dividend and a dividend yield of 0.4%. Meta Platforms’s dividend payout ratio is 7.63%.

Trending Headlines about Meta Platforms

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

Insider Buying and Selling at Meta Platforms

In related news, insider Curtis J. Mahoney sold 2,079 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $609.92, for a total value of $1,268,023.68. Following the transaction, the insider directly owned 1,118 shares in the company, valued at approximately $681,890.56. This represents a 65.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Andrew Bosworth sold 7,847 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $607.83, for a total transaction of $4,769,642.01. Following the completion of the transaction, the chief technology officer owned 414 shares in the company, valued at $251,641.62. This trade represents a 94.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 41,305 shares of company stock valued at $25,567,928. 13.53% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on META shares. Cantor Fitzgerald dropped their price target on shares of Meta Platforms from $850.00 to $750.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Erste Group Bank lowered shares of Meta Platforms from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd. Raymond James Financial raised shares of Meta Platforms from an “underperform” rating to an “outperform” rating in a research report on Tuesday, June 2nd. Wedbush raised shares of Meta Platforms from an “outperform” rating to a “neutral” rating in a research report on Tuesday, June 2nd. Finally, Tigress Financial upped their price objective on shares of Meta Platforms from $935.00 to $945.00 and gave the company a “strong-buy” rating in a report on Wednesday, March 18th. Three analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $840.60.

Check Out Our Latest Report on META

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.

Further Reading

Want to see what other hedge funds are holding META? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Meta Platforms, Inc. (NASDAQ:METAFree Report).

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

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