Meta Platforms, Inc. (NASDAQ:META) Shares Acquired by Gainplan LLC

Gainplan LLC increased its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 8.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 609 shares of the social networking company’s stock after acquiring an additional 50 shares during the quarter. Gainplan LLC’s holdings in Meta Platforms were worth $349,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. S.A. Mason LLC raised its position in Meta Platforms by 1.5% in the first quarter. S.A. Mason LLC now owns 1,328 shares of the social networking company’s stock valued at $645,000 after purchasing an additional 20 shares during the period. Front Row Advisors LLC grew its holdings in shares of Meta Platforms by 5.7% in the second quarter. Front Row Advisors LLC now owns 371 shares of the social networking company’s stock valued at $187,000 after purchasing an additional 20 shares in the last quarter. Horizon Bancorp Inc. IN lifted its holdings in Meta Platforms by 2.0% during the 1st quarter. Horizon Bancorp Inc. IN now owns 1,057 shares of the social networking company’s stock worth $513,000 after buying an additional 21 shares in the last quarter. Northern Capital Management Inc. boosted its position in Meta Platforms by 3.4% in the 1st quarter. Northern Capital Management Inc. now owns 647 shares of the social networking company’s stock valued at $314,000 after buying an additional 21 shares during the period. Finally, Buckingham Capital Management Inc. increased its position in shares of Meta Platforms by 5.1% during the second quarter. Buckingham Capital Management Inc. now owns 433 shares of the social networking company’s stock worth $218,000 after acquiring an additional 21 shares during the period. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Insider Transactions at Meta Platforms

In related news, CEO Mark Zuckerberg sold 16,702 shares of the business’s stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $533.87, for a total transaction of $8,916,696.74. Following the transaction, the chief executive officer now directly owns 151,918 shares of the company’s stock, valued at approximately $81,104,462.66. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CEO Mark Zuckerberg sold 16,702 shares of Meta Platforms stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $533.87, for a total value of $8,916,696.74. Following the completion of the transaction, the chief executive officer now owns 151,918 shares in the company, valued at approximately $81,104,462.66. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Javier Olivan sold 412 shares of the stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $530.81, for a total transaction of $218,693.72. Following the sale, the chief operating officer now directly owns 6,383 shares in the company, valued at $3,388,160.23. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 300,228 shares of company stock valued at $158,005,260 over the last quarter. Company insiders own 13.71% of the company’s stock.

Meta Platforms Trading Up 2.3 %

Meta Platforms stock traded up $13.17 during midday trading on Friday, reaching $595.94. The stock had a trading volume of 14,199,788 shares, compared to its average volume of 15,523,651. The stock has a market capitalization of $1.51 trillion, a PE ratio of 34.23, a price-to-earnings-growth ratio of 1.39 and a beta of 1.22. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.83 and a current ratio of 2.83. The stock’s 50-day simple moving average is $524.47 and its 200 day simple moving average is $501.92. Meta Platforms, Inc. has a twelve month low of $279.40 and a twelve month high of $596.85.

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

Meta Platforms Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Monday, September 16th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date was Monday, September 16th. Meta Platforms’s dividend payout ratio is presently 11.49%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on META shares. UBS Group boosted their target price on Meta Platforms from $630.00 to $635.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. JMP Securities raised their target price on shares of Meta Platforms from $550.00 to $635.00 and gave the company a “market outperform” rating in a report on Thursday, September 26th. Susquehanna boosted their price target on shares of Meta Platforms from $550.00 to $600.00 and gave the stock a “positive” rating in a report on Thursday, August 1st. Robert W. Baird increased their price objective on Meta Platforms from $530.00 to $605.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. Finally, Stifel Nicolaus boosted their target price on Meta Platforms from $550.00 to $590.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. 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 company. Based on data from MarketBeat.com, Meta Platforms currently has a consensus rating of “Moderate Buy” and a consensus target price of $598.08.

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.