AlphaMark Advisors LLC Sells 22 Shares of Meta Platforms, Inc. (NASDAQ:META)

AlphaMark Advisors LLC lowered its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 1.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,304 shares of the social networking company’s stock after selling 22 shares during the period. AlphaMark Advisors LLC’s holdings in Meta Platforms were worth $633,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in META. Quest Partners LLC acquired a new stake in Meta Platforms during the fourth quarter worth approximately $32,000. Kathleen S. Wright Associates Inc. acquired a new stake in Meta Platforms during the first quarter worth approximately $44,000. Clear Investment Research LLC grew its position in Meta Platforms by 411.1% during the fourth quarter. Clear Investment Research LLC now owns 92 shares of the social networking company’s stock worth $33,000 after buying an additional 74 shares in the last quarter. Gilfoyle & Co LLC acquired a new stake in Meta Platforms during the fourth quarter worth approximately $39,000. Finally, Cranbrook Wealth Management LLC grew its position in Meta Platforms by 80.4% during the fourth quarter. Cranbrook Wealth Management LLC now owns 101 shares of the social networking company’s stock worth $36,000 after buying an additional 45 shares in the last quarter. Institutional investors own 79.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on META shares. The Goldman Sachs Group reduced their price target on Meta Platforms from $555.00 to $500.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. Guggenheim reduced their target price on Meta Platforms from $520.00 to $500.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. UBS Group reduced their target price on Meta Platforms from $610.00 to $575.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. Citigroup reduced their target price on Meta Platforms from $590.00 to $550.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $545.00 target price (down previously from $600.00) on shares of Meta Platforms in a report on Thursday, April 25th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, thirty-seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $511.27.

Meta Platforms Stock Performance

Shares of META opened at $509.50 on Wednesday. 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 stock has a 50-day moving average of $480.72 and a 200-day moving average of $458.05. The company has a market cap of $1.29 trillion, a PE ratio of 29.26, a P/E/G ratio of 1.31 and a beta of 1.21. Meta Platforms, Inc. has a one year low of $274.38 and a one year high of $531.49.

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

Meta Platforms Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Friday, June 14th were paid a $0.50 dividend. The ex-dividend date was Friday, June 14th. This represents a $2.00 annualized dividend and a dividend yield of 0.39%. Meta Platforms’s dividend payout ratio is presently 11.49%.

Insider Activity

In other Meta Platforms news, COO Javier Olivan sold 490 shares of Meta Platforms stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $516.51, for a total transaction of $253,089.90. Following the completion of the transaction, the chief operating officer now owns 8,069 shares in the company, valued at approximately $4,167,719.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Meta Platforms news, insider Jennifer Newstead sold 585 shares of Meta Platforms 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 owns 38,398 shares in the company, valued at approximately $20,043,756. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Javier Olivan sold 490 shares of Meta Platforms stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $516.51, for a total value of $253,089.90. Following the transaction, the chief operating officer now owns 8,069 shares of the company’s stock, valued at approximately $4,167,719.19. The disclosure for this sale can be found here. Insiders sold a total of 218,086 shares of company stock worth $106,423,370 in the last three months. Company insiders own 13.71% of the company’s stock.

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.