Meeder Advisory Services Inc. Acquires 1,632 Shares of Meta Platforms, Inc. $META

Meeder Advisory Services Inc. increased its holdings in shares of Meta Platforms, Inc. (NASDAQ:METAFree Report) by 3.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 47,963 shares of the social networking company’s stock after acquiring an additional 1,632 shares during the period. Meta Platforms comprises 1.6% of Meeder Advisory Services Inc.’s portfolio, making the stock its 13th biggest position. Meeder Advisory Services Inc.’s holdings in Meta Platforms were worth $35,223,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Goldstone Financial Group LLC increased its holdings in Meta Platforms by 44.4% during the 3rd quarter. Goldstone Financial Group LLC now owns 3,752 shares of the social networking company’s stock worth $2,756,000 after purchasing an additional 1,153 shares during the period. Spirepoint Private Client LLC grew its position in shares of Meta Platforms by 2.7% during the 2nd quarter. Spirepoint Private Client LLC now owns 4,080 shares of the social networking company’s stock worth $3,011,000 after buying an additional 109 shares in the last quarter. Diversify Advisory Services LLC increased its stake in shares of Meta Platforms by 10.4% during the second quarter. Diversify Advisory Services LLC now owns 55,431 shares of the social networking company’s stock valued at $43,790,000 after buying an additional 5,224 shares during the period. CW Advisors LLC increased its stake in shares of Meta Platforms by 27.8% during the second quarter. CW Advisors LLC now owns 176,762 shares of the social networking company’s stock valued at $130,467,000 after buying an additional 38,432 shares during the period. Finally, Sequoia Financial Advisors LLC lifted its stake in Meta Platforms by 11.0% in the second quarter. Sequoia Financial Advisors LLC now owns 210,526 shares of the social networking company’s stock worth $155,387,000 after acquiring an additional 20,912 shares during the period. 79.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on META shares. Needham & Company LLC restated a “hold” rating on shares of Meta Platforms in a report on Thursday, October 30th. Sanford C. Bernstein reissued an “outperform” rating and set a $870.00 target price (down previously from $900.00) on shares of Meta Platforms in a research report on Thursday, October 30th. KeyCorp lowered their target price on shares of Meta Platforms from $905.00 to $875.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Robert W. Baird cut their price target on shares of Meta Platforms from $820.00 to $815.00 and set an “outperform” rating on the stock in a report on Tuesday, December 23rd. Finally, Roth Capital reiterated a “buy” rating on shares of Meta Platforms in a report on Thursday, October 30th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $822.96.

Read Our Latest Report on Meta Platforms

Insider Buying and Selling at Meta Platforms

In related news, COO Javier Olivan sold 517 shares of the business’s stock in a transaction on Monday, January 12th. The shares were sold at an average price of $653.00, for a total transaction of $337,601.00. Following the completion of the transaction, the chief operating officer directly owned 11,166 shares in the company, valued at $7,291,398. The trade was a 4.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jennifer Newstead sold 519 shares of the company’s stock in a transaction on Tuesday, December 30th. The shares were sold at an average price of $658.69, for a total transaction of $341,860.11. Following the completion of the sale, the insider directly owned 28,658 shares in the company, valued at approximately $18,876,738.02. The trade was a 1.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 39,535 shares of company stock worth $24,382,453. Company insiders own 13.61% of the company’s stock.

More Meta Platforms News

Here are the key news stories impacting Meta Platforms this week:

Meta Platforms Stock Performance

Shares of META opened at $620.25 on Tuesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.98 and a current ratio of 1.98. The stock has a 50-day moving average of $640.79 and a two-hundred day moving average of $699.31. The stock has a market cap of $1.56 trillion, a P/E ratio of 27.40, a P/E/G ratio of 1.22 and a beta of 1.29. Meta Platforms, Inc. has a one year low of $479.80 and a one year high of $796.25.

Meta Platforms (NASDAQ:METAGet Free Report) last announced its quarterly earnings data on Wednesday, October 29th. The social networking company reported $7.25 earnings per share for the quarter, beating analysts’ consensus estimates of $6.74 by $0.51. Meta Platforms had a return on equity of 39.35% and a net margin of 30.89%.The business had revenue of $51.24 billion for the quarter, compared to analyst estimates of $49.34 billion. During the same period in the prior year, the company earned $6.03 earnings per share. The company’s revenue was up 26.2% on a year-over-year basis. As a group, research analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Monday, December 15th were given a dividend of $0.525 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. Meta Platforms’s dividend payout ratio (DPR) is currently 9.28%.

Meta Platforms Company Profile

(Free Report)

Meta Platforms, Inc (NASDAQ: META), formerly Facebook, Inc, is a global technology company best known for building social networking services and immersive computing platforms. Founded in 2004 and headquartered in Menlo Park, California, the company operates a family of consumer-facing products and services that connect users, creators and businesses. In October 2021 the company rebranded as Meta to reflect an expanded strategic focus on augmented and virtual reality technologies alongside its social media businesses.

Meta’s core consumer products include Facebook, Instagram, WhatsApp and Messenger, which enable social networking, messaging, content sharing and community building across mobile and desktop devices.

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Institutional Ownership by Quarter for Meta Platforms (NASDAQ:META)

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