Bokf Na Raises Stock Holdings in Meta Platforms, Inc. (NASDAQ:META)

Bokf Na raised its position in Meta Platforms, Inc. (NASDAQ:META) by 1.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,353 shares of the social networking company’s stock after acquiring an additional 965 shares during the quarter. Meta Platforms makes up approximately 0.8% of Bokf Na’s portfolio, making the stock its 24th biggest position. Bokf Na’s holdings in Meta Platforms were worth $43,412,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Blackston Financial Advisory Group LLC acquired a new position in shares of Meta Platforms during the fourth quarter worth about $402,000. Well Done LLC grew its position in shares of Meta Platforms by 10.8% during the fourth quarter. Well Done LLC now owns 1,398 shares of the social networking company’s stock worth $495,000 after buying an additional 136 shares in the last quarter. Kaizen Financial Strategies grew its position in shares of Meta Platforms by 57.8% during the fourth quarter. Kaizen Financial Strategies now owns 1,599 shares of the social networking company’s stock worth $566,000 after buying an additional 586 shares in the last quarter. Verum Partners LLC acquired a new position in shares of Meta Platforms during the fourth quarter worth about $222,000. Finally, WealthCare Investment Partners LLC acquired a new position in shares of Meta Platforms during the fourth quarter worth about $200,000. 79.91% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, insider Jennifer Newstead sold 905 shares of the firm’s stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $489.80, for a total value of $443,269.00. Following the completion of the sale, the insider now owns 35,130 shares of the company’s stock, valued at $17,206,674. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CEO Mark Zuckerberg sold 16,702 shares of the firm’s stock in a transaction on 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 owns 151,918 shares in the company, valued at $81,104,462.66. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Jennifer Newstead sold 905 shares of the firm’s stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $489.80, for a total value of $443,269.00. Following the completion of the transaction, the insider now owns 35,130 shares of the company’s stock, valued at approximately $17,206,674. The disclosure for this sale can be found here. Over the last quarter, insiders sold 311,348 shares of company stock valued at $154,678,120. 13.71% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on META shares. Needham & Company LLC reissued an “underperform” rating on shares of Meta Platforms in a research report on Wednesday. JPMorgan Chase & Co. lowered their price objective on Meta Platforms from $535.00 to $480.00 and set an “overweight” rating for the company in a research report on Thursday, April 25th. Wedbush reaffirmed an “outperform” rating and issued a $570.00 price target on shares of Meta Platforms in a report on Wednesday. Royal Bank of Canada lowered their price target on Meta Platforms from $600.00 to $570.00 and set an “outperform” rating for the company in a report on Thursday, April 25th. Finally, Oppenheimer upped their price target on Meta Platforms from $500.00 to $525.00 and gave the company an “outperform” rating in a report on Friday, July 19th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, thirty-five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $534.87.

Meta Platforms Stock Performance

Shares of NASDAQ META traded up $12.29 during mid-day trading on Friday, hitting $465.70. 14,222,388 shares of the company were exchanged, compared to its average volume of 13,931,730. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.12. The stock has a 50 day simple moving average of $493.20 and a 200-day simple moving average of $475.36. Meta Platforms, Inc. has a 1-year low of $274.38 and a 1-year high of $542.81. The firm has a market cap of $1.18 trillion, a price-to-earnings ratio of 26.75, a price-to-earnings-growth ratio of 1.20 and a beta of 1.21.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings results on Wednesday, April 24th. The social networking company reported $4.71 earnings per share for the quarter, topping the consensus estimate of $4.32 by $0.39. Meta Platforms had a return on equity of 32.03% and a net margin of 32.06%. The firm had revenue of $36.46 billion during the quarter, compared to the consensus estimate of $36.28 billion. On average, sell-side analysts forecast that Meta Platforms, Inc. will post 20.23 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Friday, June 14th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date was Friday, June 14th. Meta Platforms’s dividend payout ratio (DPR) is currently 11.49%.

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.