Meta Platforms, Inc. (NASDAQ:META) Holdings Increased by Gunderson Capital Management Inc.

Gunderson Capital Management Inc. grew its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 1.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,900 shares of the social networking company’s stock after purchasing an additional 219 shares during the period. Meta Platforms makes up 5.6% of Gunderson Capital Management Inc.’s portfolio, making the stock its 3rd biggest holding. Gunderson Capital Management Inc.’s holdings in Meta Platforms were worth $13,109,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Baird Financial Group Inc. grew its stake in Meta Platforms by 24.2% in the 4th quarter. Baird Financial Group Inc. now owns 835,972 shares of the social networking company’s stock worth $295,901,000 after buying an additional 163,067 shares in the last quarter. Gradient Investments LLC increased its stake in Meta Platforms by 8.9% in the second quarter. Gradient Investments LLC now owns 72,587 shares of the social networking company’s stock valued at $36,600,000 after acquiring an additional 5,953 shares during the last quarter. Baillie Gifford & Co. increased its stake in Meta Platforms by 14.0% in the first quarter. Baillie Gifford & Co. now owns 6,101,501 shares of the social networking company’s stock valued at $2,962,767,000 after acquiring an additional 748,076 shares during the last quarter. ERn Financial LLC raised its position in Meta Platforms by 59.0% during the first quarter. ERn Financial LLC now owns 1,652 shares of the social networking company’s stock valued at $802,000 after purchasing an additional 613 shares in the last quarter. Finally, Stanley Laman Group Ltd. lifted its stake in Meta Platforms by 26.5% during the second quarter. Stanley Laman Group Ltd. now owns 1,678 shares of the social networking company’s stock worth $846,000 after purchasing an additional 352 shares during the last quarter. Institutional investors own 79.91% of the company’s stock.

Meta Platforms Price Performance

Shares of META traded down $4.44 during mid-day trading on Wednesday, reaching $588.45. The stock had a trading volume of 4,620,834 shares, compared to its average volume of 15,409,753. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.83 and a current ratio of 2.83. Meta Platforms, Inc. has a 12 month low of $279.40 and a 12 month high of $602.95. The business has a fifty day moving average of $532.05 and a 200 day moving average of $503.76. The firm has a market cap of $1.49 trillion, a price-to-earnings ratio of 33.65, a PEG ratio of 1.39 and a beta of 1.22.

Meta Platforms (NASDAQ:META) last released its earnings results on Wednesday, July 31st. The social networking company reported $5.16 earnings per share for the quarter, beating the consensus estimate of $4.70 by $0.46. The firm had revenue of $39.07 billion for the quarter, compared to the consensus estimate of $38.26 billion. Meta Platforms had a return on equity of 34.16% and a net margin of 34.34%. The company’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.23 EPS. Equities analysts predict that Meta Platforms, Inc. will post 21.36 EPS for the current year.

Meta Platforms Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Monday, September 16th were issued a $0.50 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $2.00 annualized dividend and a dividend yield of 0.34%. Meta Platforms’s dividend payout ratio (DPR) is presently 11.49%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on META. Barclays upped their target price on Meta Platforms from $520.00 to $550.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. TD Cowen lifted their price target on shares of Meta Platforms from $530.00 to $600.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Tigress Financial boosted their price target on shares of Meta Platforms from $575.00 to $645.00 and gave the company a “strong-buy” rating in a research report on Friday, August 16th. Evercore ISI lifted their price objective on Meta Platforms from $550.00 to $600.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Finally, UBS Group lifted their price target on Meta Platforms from $635.00 to $690.00 and gave the company a “buy” rating in a research report on Monday. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, thirty-five have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $605.33.

Insider Transactions at Meta Platforms

In related news, COO Javier Olivan sold 413 shares of the stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $583.73, for a total value of $241,080.49. Following the sale, the chief operating officer now directly owns 11,946 shares of the company’s stock, valued at $6,973,238.58. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CTO Andrew Bosworth sold 5,057 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $526.76, for a total transaction of $2,663,825.32. Following the completion of the sale, the chief technology officer now directly owns 11,990 shares of the company’s stock, valued at approximately $6,315,852.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Javier Olivan sold 413 shares of the firm’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $583.73, for a total transaction of $241,080.49. Following the completion of the transaction, the chief operating officer now directly owns 11,946 shares in the company, valued at $6,973,238.58. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 266,332 shares of company stock worth $139,981,833. 13.71% of the stock is currently owned by insiders.

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.