Atlas Capital Advisors LLC Increases Stock Holdings in Meta Platforms, Inc. (NASDAQ:META)

Atlas Capital Advisors LLC raised its holdings in Meta Platforms, Inc. (NASDAQ:META) by 5.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,598 shares of the social networking company’s stock after buying an additional 305 shares during the quarter. Atlas Capital Advisors LLC’s holdings in Meta Platforms were worth $2,718,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Madison Wealth Partners Inc grew its position in Meta Platforms by 1.6% during the 4th quarter. Madison Wealth Partners Inc now owns 1,417 shares of the social networking company’s stock worth $502,000 after purchasing an additional 23 shares during the last quarter. Henrickson Nauta Wealth Advisors Inc. increased its position in shares of Meta Platforms by 1.9% in the 1st quarter. Henrickson Nauta Wealth Advisors Inc. now owns 1,247 shares of the social networking company’s stock valued at $648,000 after acquiring an additional 23 shares during the period. Monterey Private Wealth Inc. raised its stake in Meta Platforms by 1.8% in the 1st quarter. Monterey Private Wealth Inc. now owns 1,379 shares of the social networking company’s stock worth $670,000 after acquiring an additional 24 shares during the last quarter. Grandview Asset Management LLC lifted its position in Meta Platforms by 0.3% during the 1st quarter. Grandview Asset Management LLC now owns 8,549 shares of the social networking company’s stock worth $4,151,000 after acquiring an additional 24 shares during the period. Finally, Addison Advisors LLC grew its stake in Meta Platforms by 3.9% during the 4th quarter. Addison Advisors LLC now owns 670 shares of the social networking company’s stock valued at $237,000 after purchasing an additional 25 shares during the last quarter. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Analyst Ratings Changes

META has been the subject of several research analyst reports. Guggenheim reduced their price objective on Meta Platforms from $520.00 to $500.00 and set a “buy” rating for the company in a research note on Thursday, April 25th. Truist Financial dropped their price objective on shares of Meta Platforms from $550.00 to $535.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. Rosenblatt Securities raised their target price on shares of Meta Platforms from $520.00 to $562.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. BNP Paribas began coverage on shares of Meta Platforms in a report on Thursday, May 2nd. They issued an “underperform” rating and a $360.00 price target on the stock. Finally, UBS Group decreased their price objective on Meta Platforms from $610.00 to $575.00 and set a “buy” rating for the company in a report on Thursday, April 25th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, thirty-seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $510.05.

Insider Activity at Meta Platforms

In other news, insider Jennifer Newstead sold 585 shares of the company’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $522.00, for a total transaction of $305,370.00. Following the completion of the transaction, the insider now directly owns 38,398 shares of the company’s stock, valued at approximately $20,043,756. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, COO Javier Olivan sold 490 shares of Meta Platforms stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $441.54, for a total transaction of $216,354.60. Following the sale, the chief operating officer now owns 6,599 shares in the company, valued at $2,913,722.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jennifer Newstead sold 585 shares of the company’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $522.00, for a total value of $305,370.00. Following the completion of the sale, the insider now directly owns 38,398 shares of the company’s stock, valued at $20,043,756. The disclosure for this sale can be found here. Insiders have sold 233,512 shares of company stock valued at $113,597,536 over the last quarter. 13.71% of the stock is owned by insiders.

Meta Platforms Price Performance

Shares of NASDAQ META opened at $519.56 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.68 and a quick ratio of 2.68. The company has a market cap of $1.32 trillion, a price-to-earnings ratio of 29.84, a price-to-earnings-growth ratio of 1.33 and a beta of 1.21. The stock’s 50-day moving average is $479.53 and its two-hundred day moving average is $452.69. Meta Platforms, Inc. has a 1-year low of $274.38 and a 1-year high of $531.49.

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

Meta Platforms Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Investors of record on Friday, June 14th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.38%. The ex-dividend date was Friday, June 14th. Meta Platforms’s dividend payout ratio (DPR) is presently 11.49%.

Meta Platforms Company 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.