Gunderson Capital Management Inc. Purchases 5,593 Shares of Meta Platforms, Inc. (NASDAQ:META)

Gunderson Capital Management Inc. grew its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 36.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,937 shares of the social networking company’s stock after buying an additional 5,593 shares during the quarter. Meta Platforms makes up about 4.7% of Gunderson Capital Management Inc.’s investment portfolio, making the stock its 6th largest holding. Gunderson Capital Management Inc.’s holdings in Meta Platforms were worth $10,167,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in META. Stone House Investment Management LLC raised its holdings in Meta Platforms by 625.0% during the third quarter. Stone House Investment Management LLC now owns 87 shares of the social networking company’s stock valued at $26,000 after buying an additional 75 shares in the last quarter. Quest Partners LLC bought a new stake in shares of Meta Platforms during the 4th quarter worth about $32,000. Clear Investment Research LLC increased its holdings in shares of Meta Platforms by 411.1% during the 4th quarter. Clear Investment Research LLC now owns 92 shares of the social networking company’s stock valued at $33,000 after acquiring an additional 74 shares during the last quarter. Gilfoyle & Co LLC bought a new position in shares of Meta Platforms in the 4th quarter valued at approximately $39,000. Finally, Cranbrook Wealth Management LLC lifted its holdings in Meta Platforms by 80.4% in the 4th quarter. Cranbrook Wealth Management LLC now owns 101 shares of the social networking company’s stock worth $36,000 after purchasing an additional 45 shares during the last quarter. Institutional investors own 79.91% of the company’s stock.

Wall Street Analyst Weigh In

META has been the topic of a number of recent analyst reports. JMP Securities reissued a “market outperform” rating and issued a $550.00 price target on shares of Meta Platforms in a research report on Monday, April 22nd. Stifel Nicolaus lifted their target price on shares of Meta Platforms from $527.00 to $588.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Wells Fargo & Company decreased their price target on shares of Meta Platforms from $609.00 to $600.00 and set an “overweight” rating for the company in a report on Wednesday, April 3rd. Sanford C. Bernstein dropped their price objective on Meta Platforms from $590.00 to $565.00 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. Finally, Jefferies Financial Group decreased their target price on Meta Platforms from $585.00 to $540.00 and set a “buy” rating for the company in a research note on Thursday, April 25th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, thirty-seven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $510.05.

Insider Activity

In other Meta Platforms news, CEO Mark Zuckerberg sold 31,493 shares of the stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $492.14, for a total transaction of $15,498,965.02. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Sheryl Sandberg sold 105,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $476.71, for a total value of $50,054,550.00. Following the completion of the transaction, the director now owns 630,293 shares in the company, valued at approximately $300,466,976.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mark Zuckerberg sold 31,493 shares of the stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $492.14, for a total value of $15,498,965.02. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 313,169 shares of company stock worth $153,344,736. 13.71% of the stock is owned by corporate insiders.

Meta Platforms Trading Down 1.4 %

Shares of META stock opened at $494.78 on Friday. The company has a market capitalization of $1.26 trillion, a P/E ratio of 28.42, a P/E/G ratio of 1.30 and a beta of 1.21. Meta Platforms, Inc. has a 12-month low of $274.38 and a 12-month high of $531.49. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.12. The firm has a 50-day moving average price of $478.61 and a 200 day moving average price of $447.50.

Meta Platforms (NASDAQ:META) last posted its earnings results on Wednesday, April 24th. The social networking company reported $4.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.32 by $0.39. The company had revenue of $36.46 billion during the quarter, compared to analysts’ expectations of $36.28 billion. Meta Platforms had a net margin of 32.06% and a return on equity of 32.03%. 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. Stockholders of record on Friday, June 14th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.40%. The ex-dividend date of this dividend is Friday, June 14th. Meta Platforms’s payout ratio is presently 11.49%.

About Meta Platforms

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.