Ulland Investment Advisors LLC Sells 738 Shares of Meta Platforms, Inc. (NASDAQ:META)

Ulland Investment Advisors LLC decreased its holdings in Meta Platforms, Inc. (NASDAQ:METAFree Report) by 5.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,454 shares of the social networking company’s stock after selling 738 shares during the quarter. Meta Platforms accounts for about 5.6% of Ulland Investment Advisors LLC’s portfolio, making the stock its 6th largest holding. Ulland Investment Advisors LLC’s holdings in Meta Platforms were worth $7,702,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Central Valley Advisors LLC boosted its stake in shares of Meta Platforms by 0.3% in the 3rd quarter. Central Valley Advisors LLC now owns 5,714 shares of the social networking company’s stock valued at $3,271,000 after purchasing an additional 18 shares in the last quarter. Cherrydale Wealth Management LLC boosted its position in Meta Platforms by 0.5% during the third quarter. Cherrydale Wealth Management LLC now owns 3,841 shares of the social networking company’s stock valued at $2,199,000 after buying an additional 18 shares during the period. S.A. Mason LLC boosted its position in Meta Platforms by 1.5% during the first 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 during the period. Front Row Advisors LLC increased its holdings in shares of Meta Platforms by 5.7% in the second quarter. Front Row Advisors LLC now owns 371 shares of the social networking company’s stock worth $187,000 after buying an additional 20 shares during the period. Finally, Merrion Investment Management Co LLC increased its holdings in shares of Meta Platforms by 1.8% in the third quarter. Merrion Investment Management Co LLC now owns 1,145 shares of the social networking company’s stock worth $655,000 after buying an additional 20 shares during the period. Institutional investors own 79.91% of the company’s stock.

Meta Platforms Stock Performance

META traded down $7.16 during trading on Tuesday, hitting $583.26. 4,147,177 shares of the stock were exchanged, compared to its average volume of 15,269,884. The company has a quick ratio of 2.83, a current ratio of 2.83 and a debt-to-equity ratio of 0.12. Meta Platforms, Inc. has a 1-year low of $279.40 and a 1-year high of $602.95. The stock has a fifty day moving average price of $540.41 and a two-hundred day moving average price of $506.41. The firm has a market capitalization of $1.48 trillion, a P/E ratio of 33.45, a PEG ratio of 1.45 and a beta of 1.22.

Meta Platforms (NASDAQ:METAGet Free Report) last released its quarterly earnings results on Wednesday, July 31st. The social networking company reported $5.16 EPS for the quarter, beating the consensus estimate of $4.70 by $0.46. Meta Platforms had a net margin of 34.34% and a return on equity of 34.16%. The firm had revenue of $39.07 billion during the quarter, compared to the consensus estimate of $38.26 billion. During the same quarter in the prior year, the firm earned $3.23 EPS. Meta Platforms’s revenue for the quarter was up 22.1% on a year-over-year basis. As a group, sell-side analysts predict that Meta Platforms, Inc. will post 21.37 earnings per share for the current year.

Meta Platforms Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Monday, September 16th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date was Monday, September 16th. Meta Platforms’s dividend payout ratio is currently 11.49%.

Insider Activity at Meta Platforms

In other Meta Platforms news, COO Javier Olivan sold 412 shares of Meta Platforms 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 transaction, the chief operating officer now directly owns 5,971 shares in the company, valued at approximately $2,835,389.06. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, COO Javier Olivan sold 412 shares of the firm’s stock in a transaction 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 completion of the sale, the chief operating officer now owns 5,971 shares in the company, valued at approximately $2,835,389.06. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jennifer Newstead sold 905 shares of the business’s stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $489.80, for a total transaction of $443,269.00. Following the transaction, the insider now owns 35,130 shares in the company, valued at approximately $17,206,674. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 249,826 shares of company stock worth $131,791,613 in the last quarter. Company insiders own 13.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. JMP Securities raised their price target on Meta Platforms from $550.00 to $635.00 and gave the stock a “market outperform” rating in a research report on Thursday, September 26th. Tigress Financial raised their target price on shares of Meta Platforms from $575.00 to $645.00 and gave the stock a “strong-buy” rating in a report on Friday, August 16th. Bank of America increased their price target on shares of Meta Platforms from $563.00 to $630.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. The Goldman Sachs Group boosted their price objective on shares of Meta Platforms from $555.00 to $636.00 and gave the company a “buy” rating in a research report on Monday. Finally, Piper Sandler raised their target price on Meta Platforms from $545.00 to $575.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, thirty-five have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $613.46.

Get Our Latest Stock Report on Meta Platforms

About Meta Platforms

(Free Report)

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.

See Also

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

Receive News & Ratings for Meta Platforms Daily - 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.