Measured Wealth Private Client Group LLC Takes Position in Meta Platforms, Inc. (NASDAQ:META)

Measured Wealth Private Client Group LLC purchased a new stake in Meta Platforms, Inc. (NASDAQ:META) in the 1st quarter, HoldingsChannel.com reports. The firm purchased 437 shares of the social networking company’s stock, valued at approximately $212,000.

Several other large investors have also modified their holdings of the business. Kennedy Capital Management LLC raised its stake in shares of Meta Platforms by 18.8% during the 3rd quarter. Kennedy Capital Management LLC now owns 13,847 shares of the social networking company’s stock worth $4,157,000 after acquiring an additional 2,189 shares in the last quarter. Royal London Asset Management Ltd. raised its stake in shares of Meta Platforms by 8.4% during the 3rd quarter. Royal London Asset Management Ltd. now owns 1,272,127 shares of the social networking company’s stock worth $381,867,000 after acquiring an additional 98,788 shares in the last quarter. Industrial Alliance Investment Management Inc. raised its stake in shares of Meta Platforms by 39.8% during the 3rd quarter. Industrial Alliance Investment Management Inc. now owns 4,802 shares of the social networking company’s stock worth $1,442,000 after acquiring an additional 1,367 shares in the last quarter. Tenere Capital LLC raised its stake in shares of Meta Platforms by 60.5% during the 3rd quarter. Tenere Capital LLC now owns 45,816 shares of the social networking company’s stock worth $13,754,000 after acquiring an additional 17,273 shares in the last quarter. Finally, Dana Investment Advisors Inc. grew its position in Meta Platforms by 59.3% during the 3rd quarter. Dana Investment Advisors Inc. now owns 78,473 shares of the social networking company’s stock worth $23,558,000 after purchasing an additional 29,200 shares during the last quarter. Institutional investors own 79.91% of the company’s stock.

Meta Platforms Price Performance

Shares of NASDAQ META opened at $509.96 on Thursday. The firm has a 50-day simple moving average of $481.05 and a 200-day simple moving average of $458.42. The stock has a market capitalization of $1.29 trillion, a price-to-earnings ratio of 29.29, a price-to-earnings-growth ratio of 1.31 and a beta of 1.21. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.12. Meta Platforms, Inc. has a 52 week low of $274.38 and a 52 week 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 analysts’ consensus estimates of $4.32 by $0.39. The business had revenue of $36.46 billion during the quarter, compared to analysts’ expectations of $36.28 billion. Meta Platforms had a net margin of 32.06% and a return on equity of 32.03%. On average, equities analysts predict that Meta Platforms, Inc. will post 20.16 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

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

Analysts Set New Price Targets

Several research firms have weighed in on META. Canaccord Genuity Group dropped their target price on shares of Meta Platforms from $610.00 to $575.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. Raymond James boosted their target price on shares of Meta Platforms from $550.00 to $600.00 and gave the stock a “strong-buy” rating in a research report on Monday. Robert W. Baird dropped their target price on shares of Meta Platforms from $525.00 to $500.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th. Roth Mkm boosted their target price on shares of Meta Platforms from $500.00 to $510.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Finally, BMO Capital Markets reissued a “market perform” rating and set a $450.00 target price on shares of Meta Platforms in a research report on Wednesday, June 12th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, thirty-seven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $511.27.

Insider Activity

In related news, COO Javier Olivan sold 490 shares of the company’s 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 completion of the sale, the chief operating officer now owns 8,069 shares of the company’s stock, valued at $4,167,719.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, COO Javier Olivan sold 490 shares of the company’s 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 completion of the sale, the chief operating officer now owns 8,069 shares of the company’s stock, valued at $4,167,719.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mark Zuckerberg sold 16,702 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $503.08, for a total transaction of $8,402,442.16. Following the completion of the sale, the chief executive officer now directly owns 204,280 shares of the company’s stock, valued at approximately $102,769,182.40. The disclosure for this sale can be found here. Insiders sold 252,395 shares of company stock worth $123,781,816 over the last three months. Insiders own 13.71% of the company’s stock.

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.