Meta Platforms, Inc. $META Stock Position Increased by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd raised its position in shares of Meta Platforms, Inc. (NASDAQ:METAFree Report) by 9.7% during the 4th quarter, Holdings Channel reports. The firm owned 589,319 shares of the social networking company’s stock after buying an additional 51,943 shares during the quarter. Meta Platforms comprises 2.3% of UniSuper Management Pty Ltd’s portfolio, making the stock its 9th largest holding. UniSuper Management Pty Ltd’s holdings in Meta Platforms were worth $389,004,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. IFM Investors Pty Ltd lifted its holdings in shares of Meta Platforms by 0.7% in the 4th quarter. IFM Investors Pty Ltd now owns 421,916 shares of the social networking company’s stock valued at $278,503,000 after buying an additional 2,969 shares during the period. Coastwise Capital Group LLC lifted its holdings in shares of Meta Platforms by 7.0% in the 4th quarter. Coastwise Capital Group LLC now owns 3,862 shares of the social networking company’s stock valued at $2,549,000 after buying an additional 251 shares during the period. Wescott Financial Advisory Group LLC lifted its holdings in shares of Meta Platforms by 11.6% in the 4th quarter. Wescott Financial Advisory Group LLC now owns 3,532 shares of the social networking company’s stock valued at $2,331,000 after buying an additional 366 shares during the period. SAM Advisors LLC lifted its holdings in shares of Meta Platforms by 2.4% in the 4th quarter. SAM Advisors LLC now owns 717 shares of the social networking company’s stock valued at $474,000 after buying an additional 17 shares during the period. Finally, Mattson Financial Services LLC lifted its holdings in shares of Meta Platforms by 6.5% in the 4th quarter. Mattson Financial Services LLC now owns 13,428 shares of the social networking company’s stock valued at $8,864,000 after buying an additional 819 shares during the period. Institutional investors and hedge funds own 79.91% of the company’s stock.

Meta Platforms Price Performance

NASDAQ:META opened at $568.43 on Friday. Meta Platforms, Inc. has a 12 month low of $520.26 and a 12 month high of $796.25. The stock has a 50 day moving average of $621.39 and a two-hundred day moving average of $636.37. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.24. The firm has a market cap of $1.44 trillion, a P/E ratio of 20.66, a price-to-earnings-growth ratio of 1.01 and a beta of 1.23.

Meta Platforms (NASDAQ:METAGet Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The social networking company reported $10.44 EPS for the quarter, topping the consensus estimate of $6.67 by $3.77. Meta Platforms had a return on equity of 36.93% and a net margin of 32.84%.The company had revenue of $56.31 billion during the quarter, compared to analyst estimates of $55.56 billion. During the same period in the previous year, the business earned $6.43 EPS. Meta Platforms’s quarterly revenue was up 33.1% on a year-over-year basis. On average, analysts expect that Meta Platforms, Inc. will post 29.35 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Monday, June 15th will be given a $0.525 dividend. The ex-dividend date is Monday, June 15th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.4%. Meta Platforms’s dividend payout ratio is 7.63%.

Key Meta Platforms News

Here are the key news stories impacting Meta Platforms this week:

Insiders Place Their Bets

In other news, COO Javier Olivan sold 837 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $629.29, for a total value of $526,715.73. Following the completion of the sale, the chief operating officer directly owned 12,986 shares in the company, valued at $8,171,959.94. This represents a 6.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Curtis J. Mahoney sold 2,079 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $609.92, for a total value of $1,268,023.68. Following the completion of the sale, the insider owned 1,118 shares of the company’s stock, valued at $681,890.56. This trade represents a 65.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 41,305 shares of company stock valued at $25,567,928. Insiders own 13.53% of the company’s stock.

Analyst Upgrades and Downgrades

META has been the subject of several analyst reports. Wolfe Research decreased their price objective on Meta Platforms from $850.00 to $800.00 and set an “outperform” rating for the company in a report on Friday, April 10th. Truist Financial decreased their price objective on Meta Platforms from $900.00 to $840.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Raymond James Financial raised Meta Platforms from an “underperform” rating to an “outperform” rating in a report on Tuesday, June 2nd. Wedbush raised Meta Platforms from an “outperform” rating to a “neutral” rating in a report on Tuesday, June 2nd. Finally, Roth Mkm reissued a “buy” rating on shares of Meta Platforms in a report on Thursday, April 30th. Three research analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Meta Platforms presently has an average rating of “Moderate Buy” and an average price target of $840.60.

View Our Latest Analysis on Meta Platforms

Meta Platforms Company Profile

(Free Report)

Meta Platforms, Inc (NASDAQ: META), formerly Facebook, Inc, is a global technology company best known for building social networking services and immersive computing platforms. Founded in 2004 and headquartered in Menlo Park, California, the company operates a family of consumer-facing products and services that connect users, creators and businesses. In October 2021 the company rebranded as Meta to reflect an expanded strategic focus on augmented and virtual reality technologies alongside its social media businesses.

Meta’s core consumer products include Facebook, Instagram, WhatsApp and Messenger, which enable social networking, messaging, content sharing and community building across mobile and desktop devices.

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Institutional Ownership by Quarter for Meta Platforms (NASDAQ:META)

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