RW Roge & Company Inc. reduce holdings in Meta Platforms, Inc. (NASDAQ:META)

RW Roge & Company Inc. reduced its position in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 3.3% in the second quarter, according to its most recent filing with the SEC. The fund owned 1,565 shares of the social networking company’s stock after selling 53 shares during the period. Meta Platforms makes up about 0.5% of RW Roge & Company Inc.’s holdings, making the stock its 22nd largest holding. Holdings held by RW Roge & Company Inc. in Meta Platforms were worth $789,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Norges Bank acquired a new position in shares of Meta Platforms during the fourth quarter valued at approximately $11,285,855,000. Capital Research Global Investors raised its holdings in shares of Meta Platforms by 17.2% during the fourth quarter. Capital Research Global Investors now owns 30,217,175 shares of the social networking company’s stock worth $10,695,722,000 after purchasing an additional 4,440,229 shares in the last quarter. Concentrum Wealth Management boosted its stake in Meta Platforms by 111.0% during the 4th quarter. Concentrum Wealth Management now owns 7,391,877 shares of the social networking company’s stock valued at $2,616,000 after purchasing another 3,888,308 shares in the last quarter. Vanguard Group Inc. grew its position in Meta Platforms by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 186,349,346 shares of the social networking company’s stock worth $65,960,215,000 after acquiring an additional 3,104,550 shares during the period. Finally, Jennison Associates LLC raised its stake in shares of Meta Platforms by 24.7% in the 1st quarter. Jennison Associates LLC now owns 13,867,398 shares of the social networking company’s stock valued at $6,733,731,000 after buying an additional 2,748,620 shares during the last quarter. 79.91% of shares are owned by institutional investors and hedge funds.

Changes in Analyst Ratings

META has been the subject of several analyst reports. Raymond James boosted their target price on Meta Platforms from $550.00 to $600.00 and gave the stock a “strong-buy” rating in a research note on Monday, July 1st. Guggenheim boosted their target price on shares of Meta Platforms from $500.00 to $600.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. KeyCorp raised their target price on shares of Meta Platforms from $540.00 to $560.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Evercore ISI upped their target price on shares of Meta Platforms from $550.00 to $600.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Meta Platforms from $525.00 to $585.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, two have given a hold rating, thirty-three have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $576.66.

Get the latest stock report on meta platforms

Meta platform trading up 0.8%

Shares of META opened at $516.86 on Friday. The company has a market cap of $1.31 trillion, a PE ratio of 29.69, a price-to-earnings-growth ratio of 1.29 and a beta of 1.21. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.83, and a current ratio of 2.83. Meta Platforms, Inc. it has a fifty-two week low of $279.40 and a fifty-two week high of $544.23. The stock has a fifty day moving average of $505.26 and a two hundred day moving average of $493.93.

Meta Platforms (NASDAQ:META – Get Free Report ) last released its earnings results on Wednesday, July 31st. The social media company reported $5.16 earnings per share for the quarter, topping the consensus estimate of $4.70 by $0.46. The firm had revenue of $39.07 billion for the quarter, compared to the consensus estimate of $38.26 billion. Meta Platforms had a return on equity of 34.16% and a net margin of 34.34%. The company’s revenue for the quarter was up 22.1% compared to the same quarter last year. In the same period last year, the business posted earnings of $3.23 per share. As a group, analysts estimate that Meta Platforms, Inc. will post 21.3 EPS for the current year.

Meta Platforms Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Monday, September 16th will be issued a $0.50 dividend. This represents a dividend of $2.00 on an annualized basis and a dividend yield of 0.39%. Meta Platforms’ dividend payout ratio (DPR) is currently 11.49%.

Indoor activity

In related news, CEO Mark Zuckerberg sold 150 shares of the stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $500.49, for a total value of $75,073.50. Following the transaction, the chief executive officer now directly owns 124,387 shares of the company’s stock, valued at approximately $62,254,449.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Meta Platforms news, CEO Mark Zuckerberg sold 150 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $500.49, for a total transaction of $75,073.50. Following the completion of the sale, the chief executive officer now directly owns 124,387 shares in the company, valued at $62,254,449.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible via this hyperlink. Also, CTO Andrew Bosworth sold 5,057 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $526.76, for a total value of $2,663,825.32. Following the sale, the chief technology officer now owns 11,990 shares of the company’s stock, valued at approximately $6,315,852.40. The disclosure for this sale can be found here. Insiders have sold 390,977 shares of company stock worth $202,384,548 over the last ninety days. Company insiders own 13.71% of the company’s shares.

Meta Platforms Company Profile

(Free report)

Meta Platforms, Inc is committed to developing products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets and wearables around the world. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment offers Facebook, which allows people to share, chat, discover and connect with interests; Instagram, a community for sharing photos, videos and private messages, as well as feeds, stories, movies, videos, live and shops; Messenger, a messaging app for people to connect with friends, family, communities and businesses across platforms and devices through text, audio and video calls; and WhatsApp, a messaging app that is used by people and businesses to communicate and transact privately.

Recommended articles

Get daily news and reviews for Meta Platforms – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Meta Platforms and related companies with MarketBeat.com’s FREE daily email newsletter.