Mosaic Family Wealth Partners LLC Purchases 41 Shares of Meta Platforms, Inc. (NASDAQ:META)

Mosaic Family Wealth Partners LLC raised its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 3.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,352 shares of the social networking company’s stock after acquiring an additional 41 shares during the quarter. Mosaic Family Wealth Partners LLC’s holdings in Meta Platforms were worth $656,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of META. Quest Partners LLC purchased a new position in shares of Meta Platforms during the fourth quarter valued at approximately $32,000. Clear Investment Research LLC raised its holdings in Meta Platforms by 411.1% in the 4th quarter. Clear Investment Research LLC now owns 92 shares of the social networking company’s stock worth $33,000 after acquiring an additional 74 shares during the last quarter. Delos Wealth Advisors LLC raised its holdings in Meta Platforms by 527.3% in the 1st quarter. Delos Wealth Advisors LLC now owns 69 shares of the social networking company’s stock worth $34,000 after acquiring an additional 58 shares during the last quarter. Cranbrook Wealth Management LLC raised its holdings in Meta Platforms by 80.4% in the 4th quarter. Cranbrook Wealth Management LLC now owns 101 shares of the social networking company’s stock worth $36,000 after acquiring an additional 45 shares during the last quarter. Finally, Gilfoyle & Co LLC purchased a new position in Meta Platforms in the 4th quarter worth approximately $39,000. 79.91% of the stock is owned by institutional investors.

Meta Platforms Price Performance

Shares of META traded down $9.60 during midday trading on Friday, hitting $488.14. 24,044,658 shares of the company traded hands, compared to its average volume of 17,151,374. The stock has a market cap of $1.24 trillion, a price-to-earnings ratio of 28.04, a PEG ratio of 1.27 and a beta of 1.21. The firm has a 50 day moving average of $494.09 and a 200-day moving average of $479.09. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.68 and a current ratio of 2.83. Meta Platforms, Inc. has a 52 week low of $274.38 and a 52 week high of $542.81.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings data on Wednesday, July 31st. The social networking company reported $5.16 earnings per share for the quarter, beating analysts’ consensus estimates of $4.70 by $0.46. The firm had revenue of $39.07 billion during the quarter, compared to analyst estimates of $38.26 billion. Meta Platforms had a return on equity of 34.16% and a net margin of 34.34%. The business’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same quarter last year, the business posted $3.23 earnings per share. On average, analysts forecast that Meta Platforms, Inc. will post 20.5 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Friday, June 14th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.41%. Meta Platforms’s payout ratio is 11.49%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on META shares. Truist Financial boosted their price objective on shares of Meta Platforms from $535.00 to $570.00 and gave the stock a “buy” rating in a report on Thursday. The Goldman Sachs Group boosted their price objective on shares of Meta Platforms from $522.00 to $555.00 and gave the stock a “buy” rating in a report on Thursday. Wedbush restated an “outperform” rating and issued a $570.00 price objective on shares of Meta Platforms in a report on Wednesday, July 24th. Piper Sandler boosted their target price on shares of Meta Platforms from $545.00 to $575.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, KeyCorp boosted their target price on shares of Meta Platforms from $540.00 to $560.00 and gave the company an “overweight” rating in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, thirty-three have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Meta Platforms presently has an average rating of “Moderate Buy” and an average target price of $571.84.

Insider Activity

In related news, CEO Mark Zuckerberg sold 2,011 shares of the stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $500.92, for a total value of $1,007,350.12. Following the completion of the transaction, the chief executive officer now owns 318,932 shares of the company’s stock, valued at approximately $159,759,417.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Meta Platforms news, Director Sheryl Sandberg sold 105,000 shares of the firm’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $476.71, for a total value of $50,054,550.00. Following the completion of the sale, the director now owns 630,293 shares of the company’s stock, valued at $300,466,976.03. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Mark Zuckerberg sold 2,011 shares of the firm’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $500.92, for a total transaction of $1,007,350.12. Following the completion of the sale, the chief executive officer now directly owns 318,932 shares of the company’s stock, valued at approximately $159,759,417.44. The disclosure for this sale can be found here. Insiders sold a total of 310,685 shares of company stock worth $154,398,206 over the last 90 days. Corporate insiders own 13.71% of the company’s stock.

About Meta Platforms

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.