Meta Platforms, Inc. (NASDAQ:META) Position Increased by Ulland Investment Advisors LLC

Ulland Investment Advisors LLC boosted its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 3.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,851 shares of the social networking company’s stock after purchasing an additional 397 shares during the quarter. Meta Platforms makes up 5.2% of Ulland Investment Advisors LLC’s portfolio, making the stock its 7th biggest holding. Ulland Investment Advisors LLC’s holdings in Meta Platforms were worth $8,110,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. JDM Financial Group LLC purchased a new stake in shares of Meta Platforms in the third quarter valued at $30,000. Safe Harbor Fiduciary LLC purchased a new stake in shares of Meta Platforms in the third quarter valued at $36,000. Avondale Wealth Management purchased a new stake in shares of Meta Platforms in the fourth quarter valued at $41,000. Halpern Financial Inc. acquired a new position in Meta Platforms in the third quarter valued at $46,000. Finally, West Financial Advisors LLC acquired a new position in Meta Platforms in the third quarter valued at $49,000. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, COO Javier Olivan sold 413 shares of Meta Platforms stock in a transaction on Friday, October 25th. The stock was sold at an average price of $574.16, for a total transaction of $237,128.08. Following the sale, the chief operating officer now owns 10,707 shares of the company’s stock, valued at $6,147,531.12. The trade was a 3.71 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Aaron Anderson sold 731 shares of Meta Platforms stock in a transaction on Monday, November 18th. The shares were sold at an average price of $557.00, for a total value of $407,167.00. Following the transaction, the chief accounting officer now owns 3,414 shares in the company, valued at approximately $1,901,598. This trade represents a 17.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 567,111 shares of company stock valued at $345,453,784 in the last quarter. Corporate insiders own 13.71% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on META shares. Hsbc Global Res upgraded Meta Platforms to a “hold” rating in a research note on Thursday, October 24th. Raymond James upped their target price on Meta Platforms from $675.00 to $725.00 and gave the company a “strong-buy” rating in a research note on Tuesday. Rosenblatt Securities reiterated a “buy” rating and issued a $811.00 target price on shares of Meta Platforms in a research note on Thursday, October 31st. Pivotal Research upped their price target on Meta Platforms from $780.00 to $800.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, Sanford C. Bernstein upped their price target on Meta Platforms from $600.00 to $675.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Meta Platforms currently has an average rating of “Moderate Buy” and a consensus target price of $652.98.

Meta Platforms Trading Up 1.1 %

NASDAQ:META opened at $623.50 on Thursday. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.18. The business’s 50 day moving average is $598.87 and its two-hundred day moving average is $558.76. Meta Platforms, Inc. has a 52 week low of $382.08 and a 52 week high of $638.40. The company has a market cap of $1.57 trillion, a PE ratio of 29.37, a P/E/G ratio of 1.16 and a beta of 1.19.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings results on Wednesday, October 30th. The social networking company reported $6.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.19 by $0.84. The business had revenue of $40.59 billion for the quarter, compared to the consensus estimate of $40.21 billion. Meta Platforms had a return on equity of 35.60% and a net margin of 35.55%. On average, analysts predict that Meta Platforms, Inc. will post 22.96 EPS for the current year.

Meta Platforms Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.32%. The ex-dividend date was Monday, December 16th. Meta Platforms’s dividend payout ratio (DPR) is 9.42%.

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.