<div id="readability-page-1"><p>Western Wealth Management LLC grew its position in  Meta Platforms, Inc. (NASDAQ:META - Free Report) by 8.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,623 shares of the social networking company's stock after buying an additional 1,492 shares during the period. Meta Platforms accounts for approximately  0.7% of Western Wealth Management LLC's investment portfolio, making the stock its 26th largest position. Western Wealth Management LLC's holdings in Meta Platforms were worth $11,310,000 at the end of the most recent quarter.</p><div><p><span></span><span>Get <strong>Meta Platforms</strong> alerts:</span></p></div><ul><li>IGM ETF: Expand Tech Exposure With Top AI Leaders</li></ul><p>A number of other hedge funds and other institutional investors have also made changes to their positions in META. Norges Bank acquired a new position in shares of  Meta Platforms in the 4th quarter worth approximately $19,949,512,000.  GAMMA Investing LLC raised its position in  Meta Platforms by 67,172.9% in the first quarter. GAMMA Investing LLC now owns 23,452,665 shares of the social networking company's stock valued at $13,517,178,000 after purchasing an additional 23,417,803 shares during the period.  Proficio Capital Partners LLC grew its stake in shares of  Meta Platforms by 78,471.1% in the fourth quarter. Proficio Capital Partners LLC now owns 6,248,763 shares of the social networking company's stock valued at $3,658,713,000 after buying an additional 6,240,810 shares in the last quarter.  Raymond James Financial Inc. purchased a new stake in shares of  Meta Platforms in the 4th quarter valued at $2,243,603,000.  Finally, Northern Trust Corp raised its holdings in shares of  Meta Platforms by 13.5% in the 4th quarter. Northern Trust Corp now owns 23,445,565 shares of the social networking company's stock valued at $13,727,613,000 after buying an additional 2,787,832 shares during the period. Institutional investors and hedge funds own  79.91% of the company's stock. </p><h2>Analysts Set New Price Targets</h2><p>A number of equities analysts recently commented on the company. Roth Capital raised their target price on Meta Platforms from $580.00 to $620.00 and gave the company a &#34;buy&#34; rating in a report on Thursday, May 1st. Wells Fargo &amp; Company  reiterated an &#34;overweight&#34; rating and set a $664.00 price target on shares of Meta Platforms in a report on Tuesday, June 17th. Jefferies Financial Group reduced their price objective on shares of Meta Platforms from $725.00 to $600.00 and set a &#34;buy&#34; rating on the stock in a report on Monday, April 7th. Monness Crespi &amp; Hardt upped their price objective on Meta Platforms from $775.00 to $780.00 and gave the stock a &#34;buy&#34; rating in a research report on Thursday, May 1st. Finally, Barclays cut their target price on Meta Platforms from $705.00 to $640.00 and set an &#34;overweight&#34; rating on the stock in a research report on Thursday, May 1st. One equities research analyst  has rated the stock with a sell rating, four have assigned  a hold rating, thirty-seven have assigned  a buy rating and two have assigned  a strong buy rating to the company. Based on data from MarketBeat, Meta Platforms  has an average rating of &#34;Moderate Buy&#34; and an average target price of $719.52.</p><ul><li>MarketBeat Week in Review – 06/23 - 6/27</li></ul><p><b>Read Our Latest Stock Report on META</b></p><h2>Insider Transactions at Meta Platforms</h2><p>In related news, CTO Andrew Bosworth sold 22,449 shares of the company's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $636.85, for a total transaction of $14,296,645.65. Following the completion of the sale, the chief technology officer now directly owns 1,183 shares of the company's stock, valued at approximately $753,393.55. This represents a 94.99% decrease in their position. The sale was disclosed in a document filed with the Securities &amp; Exchange Commission, which is accessible through the SEC website. Also, COO Javier Olivan sold 608 shares of the firm's stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $563.03, for a total value of $342,322.24. Following the completion of the transaction, the chief operating officer now directly owns 6,230 shares in the company, valued at $3,507,676.90. This trade represents a 8.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 124,831 shares of company stock valued at $83,868,872 over the last 90 days. Corporate insiders own  13.61% of the company's stock. </p><h2>Meta Platforms Stock Up 1.0%</h2><ul><li>Investors Are Waking Up to Arista Networks—Here’s the Scoop</li></ul><p>Shares of NASDAQ META opened at $733.63 on Friday. The stock has a market capitalization of $1.84 trillion, a PE ratio of 28.61, a P/E/G ratio of 1.81 and a beta of 1.26. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.16. The firm has a fifty day moving average of $638.51 and a 200-day moving average of $626.48. Meta Platforms, Inc. has a 52-week low of $442.65 and a 52-week high of $740.91. </p><p>Meta Platforms (NASDAQ:META - Get Free Report) last issued its earnings results on Wednesday, April 30th. The social networking company reported $6.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.33 by $1.10. The business had revenue of $42.31 billion during the quarter, compared to analysts' expectations of $41.45 billion. Meta Platforms had a return on equity of 38.69% and a net margin of 39.11%. The company's revenue for the quarter was up 16.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.71 EPS.  On average, analysts anticipate that  Meta Platforms, Inc. will post 26.7 EPS for the current year. </p><h2>Meta Platforms Announces Dividend</h2><p>The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Monday, June 16th were paid a dividend of $0.525 per share. The ex-dividend date of this dividend  was Monday, June 16th. This represents a $2.10 annualized dividend and a yield of 0.29%. Meta Platforms's dividend payout ratio  is currently 8.19%. </p><h2>Meta Platforms Profile</h2> (Free Report)<p>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.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than Meta Platforms</li><li>Most active stocks: Dollar volume vs share volume</li><li>Apple: The Mag 7’s Dead Money Stock or AI Cash Cow in the Making?</li><li>What is a Stock Market Index and How Do You Use Them?</li><li>Value Alert: 3 High-Yield Stocks Trading at 52-Week Lows </li><li>How to Short Nasdaq: An Easy-to-Follow Guide</li><li>Nektar Jumps 157% on Drug Trial Data—Can It Go Even Higher?</li></ul><p><strong>Want to see what other hedge funds are holding META?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Meta Platforms, Inc. (NASDAQ:META - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9TUVUQQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9TUVUQQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Meta Platforms Right Now?</h2><p>Before you consider Meta Platforms, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Meta Platforms wasn't on the list.</p><p>While Meta Platforms currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

Meta Platforms, Inc. (NASDAQ:META) Shares Bought by Western Wealth Management LLC