Massmutual Trust Co. FSB ADV Has $47.87 Million Stake in Meta Platforms, Inc. (NASDAQ:META)

Massmutual Trust Co. FSB ADV decreased its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 0.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 98,591 shares of the social networking company’s stock after selling 407 shares during the quarter. Meta Platforms makes up about 1.5% of Massmutual Trust Co. FSB ADV’s investment portfolio, making the stock its 13th biggest holding. Massmutual Trust Co. FSB ADV’s holdings in Meta Platforms were worth $47,874,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Baird Financial Group Inc. lifted its stake in Meta Platforms by 24.2% in the fourth quarter. Baird Financial Group Inc. now owns 835,972 shares of the social networking company’s stock valued at $295,901,000 after acquiring an additional 163,067 shares during the last quarter. California State Teachers Retirement System lifted its stake in Meta Platforms by 1.5% in the fourth quarter. California State Teachers Retirement System now owns 3,576,285 shares of the social networking company’s stock valued at $1,265,862,000 after acquiring an additional 51,900 shares during the last quarter. Donoghue Forlines LLC lifted its stake in Meta Platforms by 94.4% in the fourth quarter. Donoghue Forlines LLC now owns 8,349 shares of the social networking company’s stock valued at $2,955,000 after acquiring an additional 4,054 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in Meta Platforms by 7.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 451,581 shares of the social networking company’s stock valued at $159,841,000 after acquiring an additional 32,423 shares during the last quarter. Finally, Voyager Global Management LP lifted its stake in Meta Platforms by 37.3% in the fourth quarter. Voyager Global Management LP now owns 515,000 shares of the social networking company’s stock valued at $182,289,000 after acquiring an additional 140,000 shares during the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Analyst Ratings Changes

META has been the subject of a number of research reports. Roth Mkm raised their target price 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. Wolfe Research cut their target price on shares of Meta Platforms from $530.00 to $500.00 and set an “outperform” rating for the company in a research note on Thursday, April 25th. BNP Paribas initiated coverage on shares of Meta Platforms in a research note on Thursday, May 2nd. They set an “underperform” rating and a $360.00 target price for the company. KeyCorp raised their target price on shares of Meta Platforms from $475.00 to $540.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, BMO Capital Markets restated a “market perform” rating and set a $450.00 target price on shares of Meta Platforms in a research note on Wednesday, June 12th. Two analysts have rated the stock with a sell rating, three have given a hold rating, thirty-seven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $510.05.

Insider Buying and Selling

In related news, COO Javier Olivan sold 412 shares of Meta Platforms stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $505.75, for a total transaction of $208,369.00. Following the sale, the chief operating officer now directly owns 8,031 shares in the company, valued at approximately $4,061,678.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, COO Javier Olivan sold 412 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $505.75, for a total value of $208,369.00. Following the transaction, the chief operating officer now owns 8,031 shares in the company, valued at approximately $4,061,678.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jennifer Newstead sold 585 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $431.05, for a total transaction of $252,164.25. Following the completion of the transaction, the insider now owns 36,643 shares in the company, valued at approximately $15,794,965.15. The disclosure for this sale can be found here. Insiders have sold a total of 313,169 shares of company stock worth $153,344,736 in the last ninety days. Company insiders own 13.71% of the company’s stock.

Meta Platforms Trading Up 0.4 %

Shares of Meta Platforms stock opened at $501.70 on Friday. The firm has a market capitalization of $1.27 trillion, a PE ratio of 28.82, a price-to-earnings-growth ratio of 1.30 and a beta of 1.21. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.12. The firm’s 50 day moving average is $479.38 and its 200 day moving average is $445.90. Meta Platforms, Inc. has a 1 year low of $274.38 and a 1 year high of $531.49.

Meta Platforms (NASDAQ:META) last posted its earnings results on Wednesday, April 24th. The social networking company reported $4.71 EPS for the quarter, topping the consensus estimate of $4.32 by $0.39. Meta Platforms had a net margin of 32.06% and a return on equity of 32.03%. The business had revenue of $36.46 billion for the quarter, compared to the consensus estimate of $36.28 billion. Equities research analysts forecast that Meta Platforms, Inc. will post 20.16 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 26th. Investors of record on Friday, June 14th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $2.00 annualized dividend and a yield of 0.40%. Meta Platforms’s dividend payout ratio is presently 11.49%.

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.