20,953 Shares in Meta Platforms, Inc. $META Acquired by Steel Grove Capital Advisors LLC

Core Insights - Meta Platforms has seen significant activity from institutional investors, with various hedge funds adjusting their stakes in the company, indicating strong interest in the stock [1] - Recent analyst reports show a mixed outlook for Meta Platforms, with target prices ranging from $830 to $930 and a consensus rating of "Moderate Buy" [2] - Insider trading activity includes notable sales by directors, suggesting a potential shift in confidence among company executives [3] Institutional Investment - Csenge Advisory Group increased its holdings by 12.0%, now owning 9,539 shares valued at $5,498,000 after acquiring 1,019 additional shares [1] - Infusive Asset Management raised its stake by 10.7%, owning 23,620 shares worth $13,614,000 after acquiring 2,285 shares [1] - Institutional investors and hedge funds collectively own 79.91% of Meta Platforms' stock [1] Analyst Ratings - Pivotal Research raised the target price from $830.00 to $930.00, maintaining a "buy" rating [2] - Jefferies Financial Group lowered its price objective from $950.00 to $910.00 but still rated it as "buy" [2] - The consensus price target for Meta Platforms is $827.60, with four analysts rating it as "Strong Buy" and thirty-seven as "Buy" [2] Insider Activity - Director Robert M. Kimmitt sold 465 shares at an average price of $716.97, totaling $333,391.05, reducing his position by 5.53% [3] - COO Javier Olivan sold 517 shares at an average price of $749.57, totaling $387,527.69, representing a 6.10% decrease in ownership [3] - In the last three months, insiders sold 198,335 shares worth $153,047,009 [3] Financial Performance - Meta Platforms reported earnings of $7.25 per share, exceeding the consensus estimate of $6.74 by $0.51 [5] - The company achieved revenue of $51.24 billion for the quarter, surpassing analyst estimates of $49.34 billion, with a year-over-year revenue increase of 26.2% [5] - The net margin was reported at 30.89%, and return on equity was 39.35% [5] Stock Performance - Meta Platforms shares opened at $648.35, with a market cap of $1.63 trillion [4] - The stock has a P/E ratio of 28.64 and a price-to-earnings-growth ratio of 1.38 [4] - The 12-month low and high for the stock are $479.80 and $796.25, respectively [4] Dividend Information - Meta Platforms announced a quarterly dividend of $0.525 per share, with an annualized dividend of $2.10 and a yield of 0.3% [7] - The payout ratio stands at 9.28% [7]