Oxford Financial Group LTD. LLC Has $2.09 Million Stock Holdings in Meta Platforms, Inc. (NASDAQ:META)

Oxford Financial Group LTD. LLC increased its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 15.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,301 shares of the social networking company’s stock after buying an additional 583 shares during the period. Oxford Financial Group LTD. LLC’s holdings in Meta Platforms were worth $2,088,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. S.A. Mason LLC boosted its holdings in shares of Meta Platforms by 1.5% during the 1st quarter. S.A. Mason LLC now owns 1,328 shares of the social networking company’s stock valued at $645,000 after buying an additional 20 shares in the last quarter. Horizon Bancorp Inc. IN boosted its holdings in shares of Meta Platforms by 2.0% during the 1st quarter. Horizon Bancorp Inc. IN now owns 1,057 shares of the social networking company’s stock valued at $513,000 after buying an additional 21 shares in the last quarter. Northern Capital Management Inc. boosted its holdings in shares of Meta Platforms by 3.4% during the 1st quarter. Northern Capital Management Inc. now owns 647 shares of the social networking company’s stock valued at $314,000 after buying an additional 21 shares in the last quarter. LongView Wealth Management boosted its holdings in shares of Meta Platforms by 1.3% during the 1st quarter. LongView Wealth Management now owns 1,762 shares of the social networking company’s stock valued at $856,000 after buying an additional 22 shares in the last quarter. Finally, Hanson & Doremus Investment Management boosted its holdings in shares of Meta Platforms by 5.3% during the 1st quarter. Hanson & Doremus Investment Management now owns 435 shares of the social networking company’s stock valued at $211,000 after buying an additional 22 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Meta Platforms Stock Performance

Shares of NASDAQ:META traded down $2.07 during mid-day trading on Thursday, reaching $459.20. 12,596,606 shares of the company traded hands, compared to its average volume of 16,167,743. The company’s 50 day moving average price is $493.72 and its 200-day moving average price is $473.94. The firm has a market cap of $1.16 trillion, a PE ratio of 26.17, a PEG ratio of 1.26 and a beta of 1.21. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.68 and a quick ratio of 2.68. Meta Platforms, Inc. has a 52 week low of $274.38 and a 52 week high of $542.81.

Meta Platforms (NASDAQ:META) last posted 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 business had revenue of $36.46 billion during the quarter, compared to the consensus estimate of $36.28 billion. On average, equities analysts expect that Meta Platforms, Inc. will post 20.23 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Friday, June 14th were paid a $0.50 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $2.00 annualized dividend and a yield of 0.44%. Meta Platforms’s payout ratio is 11.49%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Raymond James boosted their target price on shares of Meta Platforms from $550.00 to $600.00 and gave the company a “strong-buy” rating in a report on Monday, July 1st. UBS Group dropped their target price on shares of Meta Platforms from $610.00 to $575.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. JMP Securities reiterated a “market outperform” rating and issued a $550.00 price target on shares of Meta Platforms in a research note on Monday, April 22nd. Canaccord Genuity Group dropped their price target on shares of Meta Platforms from $610.00 to $575.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. Finally, Roth Mkm upped their price target on shares of Meta Platforms from $500.00 to $510.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, thirty-six have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Meta Platforms has an average rating of “Moderate Buy” and an average target price of $521.48.

Insiders Place Their Bets

In other Meta Platforms news, COO Javier Olivan sold 412 shares of the company’s stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $474.86, for a total value of $195,642.32. Following the completion of the transaction, the chief operating officer now directly owns 5,971 shares in the company, valued at approximately $2,835,389.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Mark Zuckerberg sold 2,011 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 318,932 shares in the company, valued at approximately $159,759,417.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Javier Olivan sold 412 shares of the stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $474.86, for a total value of $195,642.32. Following the transaction, the chief operating officer now owns 5,971 shares of the company’s stock, valued at $2,835,389.06. The disclosure for this sale can be found here. Insiders sold 310,933 shares of company stock worth $154,451,206 in the last three months. 13.71% of the stock is owned by company 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.