Vista Capital Partners Inc. Makes New Investment in Meta Platforms, Inc. (NASDAQ:META)

Vista Capital Partners Inc. acquired a new position in shares of Meta Platforms, Inc. (NASDAQ:META) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 439 shares of the social networking company’s stock, valued at approximately $213,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of META. Modera Wealth Management LLC increased its holdings in shares of Meta Platforms by 8.5% in the 3rd quarter. Modera Wealth Management LLC now owns 7,775 shares of the social networking company’s stock valued at $2,334,000 after purchasing an additional 607 shares during the period. Raleigh Capital Management Inc. increased its holdings in Meta Platforms by 180.1% in the third quarter. Raleigh Capital Management Inc. now owns 902 shares of the social networking company’s stock worth $271,000 after buying an additional 580 shares during the last quarter. Trust Co. of Toledo NA OH increased its holdings in Meta Platforms by 9.2% in the fourth quarter. Trust Co. of Toledo NA OH now owns 6,174 shares of the social networking company’s stock worth $2,185,000 after buying an additional 518 shares during the last quarter. FCF Advisors LLC acquired a new position in Meta Platforms in the fourth quarter worth approximately $4,105,000. Finally, Modus Advisors LLC increased its holdings in Meta Platforms by 9.9% in the fourth quarter. Modus Advisors LLC now owns 2,423 shares of the social networking company’s stock worth $858,000 after buying an additional 218 shares during the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Meta Platforms Stock Down 3.0 %

Shares of NASDAQ META opened at $497.55 on Friday. The stock has a market cap of $1.26 trillion, a PE ratio of 29.45, a PEG ratio of 1.39 and a beta of 1.21. The business has a fifty day moving average of $491.62 and a two-hundred day moving average of $464.99. Meta Platforms, Inc. has a 52-week low of $274.38 and a 52-week high of $542.81. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.68 and a current ratio of 2.68.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings data on Wednesday, April 24th. The social networking company reported $4.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.32 by $0.39. The company had revenue of $36.46 billion during the quarter, compared to analysts’ expectations of $36.28 billion. Meta Platforms had a return on equity of 32.03% and a net margin of 32.06%. As a group, equities research analysts expect that Meta Platforms, Inc. will post 20.19 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Investors of record on Friday, June 14th were issued a $0.50 dividend. The ex-dividend date was Friday, June 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.40%. Meta Platforms’s dividend payout ratio is 11.49%.

Wall Street Analyst Weigh In

A number of research firms recently commented on META. Sanford C. Bernstein dropped their price objective on Meta Platforms from $590.00 to $565.00 and set an “outperform” rating on the stock in a report on Thursday, April 25th. The Goldman Sachs Group dropped their price objective on Meta Platforms from $555.00 to $500.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. Robert W. Baird decreased their target price on Meta Platforms from $525.00 to $500.00 and set an “outperform” rating for the company in a research report on Thursday, April 25th. TD Securities upped their target price on Meta Platforms from $530.00 to $600.00 in a research report on Wednesday. Finally, Jefferies Financial Group decreased their target price on Meta Platforms from $585.00 to $540.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, thirty-seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $515.64.

Insider Activity at Meta Platforms

In related news, CEO Mark Zuckerberg sold 16,702 shares of Meta Platforms stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $533.87, for a total value of $8,916,696.74. Following the completion of the transaction, the chief executive officer now directly owns 151,918 shares of the company’s stock, valued at $81,104,462.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Susan J. Li sold 8,951 shares of Meta Platforms stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $471.85, for a total value of $4,223,529.35. Following the completion of the sale, the chief financial officer now directly owns 74,580 shares in the company, valued at $35,190,573. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Mark Zuckerberg sold 16,702 shares of Meta Platforms stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $533.87, for a total value of $8,916,696.74. Following the completion of the sale, the chief executive officer now owns 151,918 shares of the company’s stock, valued at $81,104,462.66. The disclosure for this sale can be found here. Insiders sold 294,278 shares of company stock valued at $146,060,559 over the last ninety days. 13.71% of the stock is owned by insiders.

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.