Meeder Advisory Services Inc. Has $29.15 Million Holdings in Meta Platforms, Inc. $META

Meeder Advisory Services Inc. increased its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 5.7% during the first quarter, Holdings Channel.com reports. The fund owned 50,943 shares of the social networking company’s stock after purchasing an additional 2,741 shares during the quarter. Meta Platforms accounts for about 1.2% of Meeder Advisory Services Inc.’s holdings, making the stock its 18th biggest position. Meeder Advisory Services Inc.’s holdings in Meta Platforms were worth $29,146,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. First National Bank Sioux Falls raised its position in shares of Meta Platforms by 0.7% in the fourth quarter. First National Bank Sioux Falls now owns 2,001 shares of the social networking company’s stock valued at $1,321,000 after buying an additional 14 shares in the last quarter. Levin Capital Strategies L.P. increased its stake in Meta Platforms by 1.4% during the 4th quarter. Levin Capital Strategies L.P. now owns 984 shares of the social networking company’s stock worth $649,000 after acquiring an additional 14 shares during the period. Vista Capital Partners Inc. raised its holdings in Meta Platforms by 1.3% in the 2nd quarter. Vista Capital Partners Inc. now owns 1,075 shares of the social networking company’s stock valued at $794,000 after acquiring an additional 14 shares in the last quarter. Arcataur Capital Management LLC raised its holdings in Meta Platforms by 0.9% in the 4th quarter. Arcataur Capital Management LLC now owns 1,736 shares of the social networking company’s stock valued at $1,146,000 after acquiring an additional 15 shares in the last quarter. Finally, Acorn Creek Capital LLC lifted its position in shares of Meta Platforms by 0.7% during the 4th quarter. Acorn Creek Capital LLC now owns 2,118 shares of the social networking company’s stock valued at $1,398,000 after acquiring an additional 15 shares during the period. Institutional investors own 79.91% of the company’s stock.

More Meta Platforms News

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

• Positive Sentiment: A new free verification badge system for Facebook users, which may improve trust and platform quality. Fast Company article
• Positive Sentiment: A dedicated Marketplace seller app with tools for merchants, aimed at making Facebook commerce more useful and organized. Reuters article
• Positive Sentiment: Wall Street commentary remained constructive, with articles highlighting Meta as a strong momentum stock and a potentially attractive AI-era value name.
• Positive Sentiment: Analyst sentiment stayed favorable, including a report that Wells Fargo raised its price target on Meta to $835.00.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on META shares. Roth Capital restated a “buy” rating on shares of Meta Platforms in a research report on Thursday, April 30th. Wolfe Research decreased their target price on shares of Meta Platforms from $850.00 to $800.00 and set an “outperform” rating on the stock in a report on Friday, April 10th. Mizuho dropped their target price on shares of Meta Platforms from $850.00 to $835.00 and set an “outperform” rating for the company in a research report on Tuesday, May 5th. Weiss Ratings downgraded shares of Meta Platforms from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, June 26th. Finally, Morgan Stanley reduced their price target on shares of Meta Platforms from $825.00 to $775.00 and set an “overweight” rating on the stock in a research report on Monday, March 30th. Five investment analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Meta Platforms has a consensus rating of “Moderate Buy” and a consensus price target of $835.64.

Insider Transactions at Meta Platforms

In other Meta Platforms news, CTO Andrew Bosworth sold 7,847 shares of the company’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $607.83, for a total value of $4,769,642.01. Following the completion of the transaction, the chief technology officer owned 414 shares of the company’s stock, valued at $251,641.62. This represents a 94.99% decrease in their position. The sale 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Susan J. Li sold 9,195 shares of the stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $607.84, for a total value of $5,589,088.80. Following the completion of the transaction, the chief financial officer owned 13,186 shares of the company’s stock, valued at $8,014,978.24. This represents a 41.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 37,948 shares of company stock valued at $23,184,319 over the last quarter. 13.53% of the stock is currently owned by insiders.

Meta Platforms Stock Down 1.8%

META stock opened at $595.19 on Friday. The firm has a 50-day moving average price of $604.51 and a 200-day moving average price of $625.76. Meta Platforms, Inc. has a 12 month low of $520.26 and a 12 month high of $796.25. 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 stock has a market capitalization of $1.51 trillion, a P/E ratio of 21.64, a price-to-earnings-growth ratio of 1.02 and a beta of 1.25.

Meta Platforms (NASDAQ:META) last released its quarterly earnings data on Wednesday, April 29th. The social networking company reported $10.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.67 by $3.77. The business had revenue of $56.31 billion during the quarter, compared to analysts’ expectations of $55.56 billion. Meta Platforms had a net margin of 32.84% and a return on equity of 36.93%. The firm’s quarterly revenue was up 33.1% compared to the same quarter last year. During the same period in the prior year, the company earned $6.43 EPS. As a group, equities research analysts anticipate that Meta Platforms, Inc. will post 29.49 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

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

About Meta Platforms

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.