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

Compass Financial Group INC SD grew its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 6.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 407 shares of the social networking company’s stock after buying an additional 26 shares during the quarter. Compass Financial Group INC SD’s holdings in Meta Platforms were worth $235,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in META. Csenge Advisory Group increased its stake in shares of Meta Platforms by 12.0% during the 1st quarter. Csenge Advisory Group now owns 9,539 shares of the social networking company’s stock worth $5,498,000 after purchasing an additional 1,019 shares during the last quarter. Suvretta Capital Management LLC increased its stake in shares of Meta Platforms by 1.1% during the 4th quarter. Suvretta Capital Management LLC now owns 170,338 shares of the social networking company’s stock worth $99,735,000 after purchasing an additional 1,850 shares during the last quarter. Skye Global Management LP increased its stake in shares of Meta Platforms by 130.9% during the 4th quarter. Skye Global Management LP now owns 76,200 shares of the social networking company’s stock worth $44,616,000 after purchasing an additional 43,200 shares during the last quarter. ARQ Wealth Advisors LLC increased its stake in shares of Meta Platforms by 4.5% during the 1st quarter. ARQ Wealth Advisors LLC now owns 785 shares of the social networking company’s stock worth $452,000 after purchasing an additional 34 shares during the last quarter. Finally, JMG Financial Group Ltd. acquired a new position in shares of Meta Platforms during the 1st quarter worth about $284,000. 79.91% of the stock is owned by institutional investors.

Meta Platforms Stock Down 2.3%

Shares of NASDAQ META opened at $767.37 on Tuesday. The stock has a market capitalization of $1.93 trillion, a P/E ratio of 27.78, a P/E/G ratio of 1.63 and a beta of 1.27. The company has a 50-day moving average price of $725.90 and a 200-day moving average price of $655.75. Meta Platforms, Inc. has a 1 year low of $479.80 and a 1 year 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.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.75 by $1.39. The firm had revenue of $47.52 billion during the quarter, compared to analysts’ expectations of $44.55 billion. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The business’s revenue was up 21.6% on a year-over-year basis. During the same period last year, the company earned $5.16 earnings per share. On average, equities research analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Monday, June 16th were given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, June 16th. Meta Platforms’s dividend payout ratio (DPR) is presently 7.60%.

Insider Transactions at Meta Platforms

In related news, CEO Mark Zuckerberg sold 15,847 shares of the firm’s stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $753.43, for a total transaction of $11,939,605.21. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Christopher K. Cox sold 60,000 shares of the firm’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $775.95, for a total transaction of $46,557,000.00. Following the transaction, the insider directly owned 237,205 shares in the company, valued at $184,059,219.75. The trade was a 20.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 267,732 shares of company stock worth $199,652,003 over the last three months. 13.61% of the stock is owned by insiders.

Analyst Ratings Changes

META has been the topic of several research analyst reports. Truist Financial increased their price target on shares of Meta Platforms from $700.00 to $720.00 and gave the company a “buy” rating in a report on Thursday, May 1st. Hsbc Global Res raised Meta Platforms from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 31st. Piper Sandler upped their target price on Meta Platforms from $808.00 to $880.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. Loop Capital reaffirmed a “buy” rating and issued a $980.00 target price (up previously from $888.00) on shares of Meta Platforms in a research report on Tuesday, August 5th. Finally, Stifel Nicolaus upped their target price on Meta Platforms from $845.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Four research analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Meta Platforms currently has an average rating of “Moderate Buy” and a consensus price target of $822.41.

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.