Doliver Advisors LP Purchases 465 Shares of Meta Platforms, Inc. (NASDAQ:META)

Doliver Advisors LP lifted its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 5.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,816 shares of the social networking company's stock after purchasing an additional 465 shares during the period. Meta Platforms comprises about 1.6% of Doliver Advisors LP's investment portfolio, making the stock its 7th largest position. Doliver Advisors LP's holdings in Meta Platforms were worth $5,658,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in META. Millstone Evans Group LLC bought a new stake in shares of Meta Platforms in the fourth quarter valued at about $40,000. WealthTrak Capital Management LLC purchased a new position in Meta Platforms during the 4th quarter valued at about $43,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in Meta Platforms during the 4th quarter valued at about $45,000. Stuart Chaussee & Associates Inc. bought a new stake in shares of Meta Platforms in the 4th quarter valued at about $47,000. Finally, Conquis Financial LLC purchased a new stake in shares of Meta Platforms in the 4th quarter worth approximately $59,000. Hedge funds and other institutional investors own 79.91% of the company's stock.

Meta Platforms Trading Down 0.4%

Shares of META traded down $2.82 during midday trading on Friday, reaching $642.23. The company had a trading volume of 16,230,863 shares, compared to its average volume of 14,482,228. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.16. The firm has a 50 day simple moving average of $578.56 and a 200-day simple moving average of $611.04. Meta Platforms, Inc. has a 1-year low of $442.65 and a 1-year high of $740.91. The stock has a market cap of $1.61 trillion, a PE ratio of 26.85, a price-to-earnings-growth ratio of 1.42 and a beta of 1.24.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its earnings results on Wednesday, April 30th. The social networking company reported $6.43 EPS for the quarter, beating analysts' consensus estimates of $5.33 by $1.10. Meta Platforms had a return on equity of 38.17% and a net margin of 37.91%. The company had revenue of $42.31 billion for the quarter, compared to the consensus estimate of $41.45 billion. During the same quarter in the previous year, the business earned $4.71 earnings per share. The company's revenue for the quarter was up 16.1% on a year-over-year basis. Research analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Monday, June 16th will be issued a $0.525 dividend. The ex-dividend date is Monday, June 16th. This represents a $2.10 annualized dividend and a dividend yield of 0.33%. Meta Platforms's dividend payout ratio is currently 8.19%.

Insider Transactions at Meta Platforms

In other news, COO Javier Olivan sold 608 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $673.96, for a total transaction of $409,767.68. Following the sale, the chief operating officer now owns 8,662 shares of the company's stock, valued at approximately $5,837,841.52. This represents a 6.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Susan J. Li sold 6,874 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $659.36, for a total transaction of $4,532,440.64. Following the completion of the transaction, the chief financial officer now directly owns 70,040 shares of the company's stock, valued at $46,181,574.40. This represents a 8.94% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 56,664 shares of company stock worth $35,484,670. 13.61% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on META. Morgan Stanley upped their target price on Meta Platforms from $615.00 to $650.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. UBS Group lifted their target price on shares of Meta Platforms from $650.00 to $683.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Argus set a $775.00 price target on Meta Platforms in a research note on Tuesday, February 4th. Stifel Nicolaus increased their price objective on shares of Meta Platforms from $628.00 to $655.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Finally, Monness Crespi & Hardt lifted their price target on Meta Platforms from $775.00 to $780.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Meta Platforms currently has an average rating of "Moderate Buy" and a consensus price target of $701.05.

Meta Platforms Company Profile

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.