Meta Platforms, Inc. (NASDAQ:META) Shares Sold by Jackson Creek Investment Advisors LLC

Jackson Creek Investment Advisors LLC decreased its position in Meta Platforms, Inc. (NASDAQ:META) by 19.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,983 shares of the social networking company’s stock after selling 466 shares during the quarter. Jackson Creek Investment Advisors LLC’s holdings in Meta Platforms were worth $1,000,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Delos Wealth Advisors LLC increased its holdings in shares of Meta Platforms by 527.3% in the 1st quarter. Delos Wealth Advisors LLC now owns 69 shares of the social networking company’s stock valued at $34,000 after acquiring an additional 58 shares during the last quarter. POM Investment Strategies LLC acquired a new position in Meta Platforms in the second quarter valued at approximately $38,000. Ruedi Wealth Management Inc. increased its stake in Meta Platforms by 122.2% in the second quarter. Ruedi Wealth Management Inc. now owns 80 shares of the social networking company’s stock valued at $40,000 after purchasing an additional 44 shares during the last quarter. Richardson Financial Services Inc. raised its holdings in Meta Platforms by 95.6% during the first quarter. Richardson Financial Services Inc. now owns 88 shares of the social networking company’s stock worth $41,000 after purchasing an additional 43 shares in the last quarter. Finally, Quest Partners LLC purchased a new stake in shares of Meta Platforms during the 4th quarter worth approximately $32,000. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Insider Activity at Meta Platforms

In other Meta Platforms news, insider Jennifer Newstead sold 905 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $520.00, for a total transaction of $470,600.00. Following the completion of the transaction, the insider now owns 38,722 shares of the company’s stock, valued at $20,135,440. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Jennifer Newstead sold 905 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $520.00, for a total transaction of $470,600.00. Following the sale, the insider now owns 38,722 shares of the company’s stock, valued at $20,135,440. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Mark Zuckerberg sold 4,909 shares of the business’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $519.17, for a total transaction of $2,548,605.53. Following the completion of the transaction, the chief executive officer now directly owns 519,000 shares of the company’s stock, valued at approximately $269,449,230. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 390,977 shares of company stock valued at $202,384,548. 13.71% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently commented on META. Wolfe Research started coverage on shares of Meta Platforms in a research report on Tuesday, July 16th. They issued an “outperform” rating and a $620.00 target price on the stock. The Goldman Sachs Group raised their price objective on Meta Platforms from $522.00 to $555.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. TD Securities boosted their target price on Meta Platforms from $530.00 to $600.00 in a report on Wednesday, July 10th. Raymond James raised their price target on Meta Platforms from $550.00 to $600.00 and gave the stock a “strong-buy” rating in a research note on Monday, July 1st. Finally, Sanford C. Bernstein lifted their price target on Meta Platforms from $565.00 to $575.00 and gave the stock an “outperform” rating in a research report on Monday, July 22nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating, thirty-three have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $576.66.

Meta Platforms Trading Down 3.2 %

Shares of META stock opened at $500.27 on Friday. Meta Platforms, Inc. has a fifty-two week low of $279.40 and a fifty-two week high of $544.23. The company has a quick ratio of 2.83, a current ratio of 2.83 and a debt-to-equity ratio of 0.12. The business has a fifty day simple moving average of $505.18 and a 200-day simple moving average of $494.12. The stock has a market cap of $1.27 trillion, a P/E ratio of 28.73, a P/E/G ratio of 1.29 and a beta of 1.21.

Meta Platforms (NASDAQ:META) last posted 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. Meta Platforms had a net margin of 34.34% and a return on equity of 34.16%. The firm had revenue of $39.07 billion during the quarter, compared to the consensus estimate of $38.26 billion. During the same period last year, the firm posted $3.23 EPS. The firm’s revenue for the quarter was up 22.1% on a year-over-year basis. On average, analysts forecast that Meta Platforms, Inc. will post 21.3 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Monday, September 16th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date of this dividend is Monday, September 16th. Meta Platforms’s payout ratio is currently 11.49%.

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.