RFG Holdings Inc. Has $1.38 Million Stock Holdings in Meta Platforms, Inc. (NASDAQ:META)

RFG Holdings Inc. raised its stake in Meta Platforms, Inc. (NASDAQ:META) by 12.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,389 shares of the social networking company’s stock after buying an additional 262 shares during the quarter. Meta Platforms accounts for about 0.4% of RFG Holdings Inc.’s holdings, making the stock its 20th biggest position. RFG Holdings Inc.’s holdings in Meta Platforms were worth $1,378,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Suvretta Capital Management LLC raised its stake in 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 valued at $99,735,000 after purchasing an additional 1,850 shares during the last quarter. Skye Global Management LP raised its stake in 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 valued at $44,616,000 after purchasing an additional 43,200 shares during the last quarter. Brueske Advisory Services LLC acquired a new position in Meta Platforms during the 4th quarter valued at $459,000. Apollon Financial LLC raised its stake in Meta Platforms by 11.1% during the 4th quarter. Apollon Financial LLC now owns 1,479 shares of the social networking company’s stock valued at $866,000 after purchasing an additional 148 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC raised its stake in Meta Platforms by 255.9% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 1,709,694 shares of the social networking company’s stock valued at $1,001,044,000 after purchasing an additional 1,229,350 shares during the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Meta Platforms Trading Down 1.5%

META opened at $682.87 on Friday. Meta Platforms, Inc. has a 12 month low of $442.65 and a 12 month high of $740.91. The stock has a fifty day moving average price of $604.07 and a 200-day moving average price of $619.26. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.16. The firm has a market cap of $1.72 trillion, a price-to-earnings ratio of 28.55, a PEG ratio of 1.42 and a beta of 1.26.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings results on Wednesday, April 30th. The social networking company reported $6.43 earnings per share for the quarter, beating the consensus estimate of $5.33 by $1.10. The business had revenue of $42.31 billion for the quarter, compared to the consensus estimate of $41.45 billion. Meta Platforms had a return on equity of 38.17% and a net margin of 37.91%. The company’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.71 EPS. As a group, equities research analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Monday, June 16th will be paid a $0.525 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.31%. Meta Platforms’s payout ratio is 8.19%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on META shares. Monness Crespi & Hardt increased their price objective on shares of Meta Platforms from $775.00 to $780.00 and gave the company a “buy” rating in a research note on Thursday, May 1st. JMP Securities restated a “market outperform” rating and issued a $750.00 price objective on shares of Meta Platforms in a research note on Wednesday, April 30th. Raymond James dropped their price objective on shares of Meta Platforms from $800.00 to $750.00 and set a “strong-buy” rating for the company in a research note on Thursday, May 1st. Roth Capital increased their target price on shares of Meta Platforms from $580.00 to $620.00 and gave the stock a “buy” rating in a research report on Thursday, May 1st. Finally, Loop Capital increased their target price on shares of Meta Platforms from $695.00 to $888.00 and gave the stock a “buy” rating in a research report on Friday, May 16th. One analyst has rated the stock with a sell rating, four have given a hold rating, thirty-seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $704.26.

Insider Transactions at Meta Platforms

In other Meta Platforms news, insider Jennifer Newstead sold 519 shares of the stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $701.00, for a total transaction of $363,819.00. Following the completion of the transaction, the insider now owns 29,183 shares of the company’s stock, valued at $20,457,283. This represents a 1.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Javier Olivan sold 608 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $607.50, for a total value of $369,360.00. Following the transaction, the chief operating officer now directly owns 7,446 shares of the company’s stock, valued at $4,523,445. The trade was a 7.55% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 86,201 shares of company stock worth $56,377,837 over the last quarter. 13.61% of the stock is currently owned by insiders.

Meta Platforms Company 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.