Meta Platforms, Inc. $META Shares Bought by Silvant Capital Management LLC

Silvant Capital Management LLC grew its position in Meta Platforms, Inc. (NASDAQ:META) by 1.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 167,735 shares of the social networking company’s stock after acquiring an additional 2,894 shares during the period. Meta Platforms comprises approximately 4.7% of Silvant Capital Management LLC’s investment portfolio, making the stock its 5th biggest position. Silvant Capital Management LLC’s holdings in Meta Platforms were worth $123,804,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its position in shares of Meta Platforms by 0.4% in the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 3,506 shares of the social networking company’s stock valued at $2,587,000 after acquiring an additional 13 shares in the last quarter. Pachira Investments Inc. grew its holdings in Meta Platforms by 3.0% in the 2nd quarter. Pachira Investments Inc. now owns 488 shares of the social networking company’s stock valued at $360,000 after buying an additional 14 shares in the last quarter. Hemington Wealth Management grew its holdings in Meta Platforms by 0.6% in the 2nd quarter. Hemington Wealth Management now owns 2,223 shares of the social networking company’s stock valued at $1,641,000 after buying an additional 14 shares in the last quarter. Myecfo LLC increased its stake in shares of Meta Platforms by 2.0% in the 2nd quarter. Myecfo LLC now owns 776 shares of the social networking company’s stock worth $573,000 after acquiring an additional 15 shares during the last quarter. Finally, Shelton Wealth Management LLC raised its holdings in shares of Meta Platforms by 0.9% during the 2nd quarter. Shelton Wealth Management LLC now owns 1,764 shares of the social networking company’s stock worth $1,302,000 after acquiring an additional 15 shares during the period. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Insider Transactions at Meta Platforms

In other news, CTO Andrew Bosworth sold 11,690 shares of Meta Platforms stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $593.31, for a total value of $6,935,793.90. Following the transaction, the chief technology officer directly owned 2,415 shares of the company’s stock, valued at $1,432,843.65. The trade was a 82.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Aaron Anderson sold 726 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $591.60, for a total transaction of $429,501.60. Following the sale, the chief accounting officer owned 6,035 shares of the company’s stock, valued at approximately $3,570,306. This represents a 10.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 41,959 shares of company stock valued at $26,671,107 in the last ninety days. Company insiders own 13.61% of the company’s stock.

Analysts Set New Price Targets

META has been the subject of several recent analyst reports. Raymond James Financial restated a “strong-buy” rating and set a $825.00 price objective (down from $900.00) on shares of Meta Platforms in a research report on Thursday, October 30th. Zacks Research downgraded shares of Meta Platforms from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Arete Research set a $718.00 price objective on shares of Meta Platforms in a research report on Thursday. Roth Capital reiterated a “buy” rating on shares of Meta Platforms in a research note on Thursday, October 30th. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $870.00 target price (down previously from $900.00) on shares of Meta Platforms in a research note on Thursday, October 30th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Meta Platforms has an average rating of “Moderate Buy” and an average price target of $821.63.

Meta Platforms Stock Up 1.8%

META opened at $673.42 on Friday. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25. The business has a 50-day moving average of $673.16 and a two-hundred day moving average of $706.52. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.98 and a quick ratio of 1.98. The stock has a market capitalization of $1.70 trillion, a price-to-earnings ratio of 29.74, a price-to-earnings-growth ratio of 1.41 and a beta of 1.28.

Meta Platforms (NASDAQ:META) last released its earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.74 by $0.51. Meta Platforms had a net margin of 30.89% and a return on equity of 39.35%. The business had revenue of $51.24 billion for the quarter, compared to analysts’ expectations of $49.34 billion. During the same period last year, the company earned $6.03 earnings per share. The company’s quarterly revenue was up 26.2% on a year-over-year basis. On average, research analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Monday, December 15th will be given a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, December 15th. Meta Platforms’s dividend payout ratio (DPR) is 9.28%.

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.