jvl associates llc Has $544,000 Holdings in Meta Platforms, Inc. (NASDAQ:META)

jvl associates llc boosted its holdings in Meta Platforms, Inc. (NASDAQ:META) by 21.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 951 shares of the social networking company’s stock after acquiring an additional 169 shares during the quarter. jvl associates llc’s holdings in Meta Platforms were worth $544,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Baldwin Investment Management LLC grew its stake in shares of Meta Platforms by 30.1% during the fourth quarter. Baldwin Investment Management LLC now owns 1,425 shares of the social networking company’s stock worth $504,000 after purchasing an additional 330 shares during the period. Frank Rimerman Advisors LLC grew its position in shares of Meta Platforms by 1.0% during the 4th quarter. Frank Rimerman Advisors LLC now owns 3,280 shares of the social networking company’s stock worth $1,161,000 after buying an additional 34 shares during the period. Azimuth Capital Investment Management LLC increased its stake in shares of Meta Platforms by 0.5% in the 4th quarter. Azimuth Capital Investment Management LLC now owns 74,973 shares of the social networking company’s stock valued at $26,537,000 after acquiring an additional 389 shares during the last quarter. CFS Investment Advisory Services LLC raised its position in shares of Meta Platforms by 35.7% in the 4th quarter. CFS Investment Advisory Services LLC now owns 2,150 shares of the social networking company’s stock valued at $761,000 after acquiring an additional 566 shares during the period. Finally, Kolinsky Wealth Management LLC boosted its stake in Meta Platforms by 22.7% during the 4th quarter. Kolinsky Wealth Management LLC now owns 3,031 shares of the social networking company’s stock worth $1,073,000 after acquiring an additional 560 shares during the last quarter. 79.91% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Jennifer Newstead sold 901 shares of the company’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $451.15, for a total transaction of $406,486.15. Following the completion of the sale, the insider now directly owns 33,324 shares in the company, valued at approximately $15,034,122.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Meta Platforms news, insider Jennifer Newstead sold 901 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $451.15, for a total transaction of $406,486.15. Following the completion of the transaction, the insider now owns 33,324 shares of the company’s stock, valued at approximately $15,034,122.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Susan J. Li sold 8,950 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $526.76, for a total transaction of $4,714,502.00. Following the completion of the sale, the chief financial officer now owns 74,579 shares in the company, valued at $39,285,234.04. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 300,228 shares of company stock worth $158,005,260 in the last quarter. Corporate insiders own 13.71% of the company’s stock.

Meta Platforms Stock Performance

Shares of NASDAQ META traded up $13.17 during trading hours on Friday, reaching $595.94. 14,161,538 shares of the stock were exchanged, compared to its average volume of 15,523,651. The firm has a market capitalization of $1.51 trillion, a price-to-earnings ratio of 34.23, a P/E/G ratio of 1.39 and a beta of 1.21. The stock’s fifty day simple moving average is $524.47 and its 200 day simple moving average is $501.92. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.83 and a current ratio of 2.83. Meta Platforms, Inc. has a 52 week low of $279.40 and a 52 week high of $596.85.

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

Meta Platforms Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages have commented on META. Needham & Company LLC reaffirmed an “underperform” rating on shares of Meta Platforms in a research note on Wednesday, September 4th. Deutsche Bank Aktiengesellschaft raised their price objective on Meta Platforms from $525.00 to $585.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Susquehanna boosted their target price on Meta Platforms from $550.00 to $600.00 and gave the company a “positive” rating in a research note on Thursday, August 1st. The Goldman Sachs Group raised their price target on Meta Platforms from $522.00 to $555.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Wells Fargo & Company lifted their price objective on Meta Platforms from $647.00 to $652.00 and gave the company an “overweight” rating in a report on Wednesday. Two research 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.