Dynamic Advisor Solutions LLC Purchases 3,199 Shares of Meta Platforms, Inc. (NASDAQ:META)

Dynamic Advisor Solutions LLC increased its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 9.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,325 shares of the social networking company's stock after purchasing an additional 3,199 shares during the quarter. Dynamic Advisor Solutions LLC's holdings in Meta Platforms were worth $20,936,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of META. Fjell Capital LLC bought a new position in Meta Platforms in the 4th quarter worth $1,836,000. Opulen Financial Group LLC purchased a new position in shares of Meta Platforms during the fourth quarter valued at about $325,000. Daner Wealth Management LLC bought a new position in Meta Platforms in the fourth quarter worth about $334,000. Brighton Jones LLC lifted its holdings in Meta Platforms by 1.7% in the fourth quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock worth $20,230,000 after buying an additional 570 shares during the period. Finally, Union Bancaire Privee UBP SA bought a new stake in Meta Platforms during the 4th quarter valued at approximately $112,406,000. 79.91% of the stock is owned by institutional investors.

Insider Activity

In related news, COO Javier Olivan sold 608 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $614.97, for a total transaction of $373,901.76. Following the completion of the transaction, the chief operating officer now directly owns 6,838 shares of the company's stock, valued at approximately $4,205,164.86. This represents a 8.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Andrew Bosworth sold 22,449 shares of Meta Platforms stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $636.85, for a total value of $14,296,645.65. Following the completion of the sale, the chief technology officer now directly owns 1,183 shares in the company, valued at approximately $753,393.55. The trade was a 94.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 85,593 shares of company stock worth $56,008,477 over the last quarter. Insiders own 13.61% of the company's stock.

Meta Platforms Trading Down 1.5%

Shares of META stock opened at $682.87 on Monday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.98 and a current ratio of 2.98. The stock has a fifty day simple moving average of $604.07 and a two-hundred day simple moving average of $619.96. The firm has a market capitalization of $1.72 trillion, a PE ratio of 28.55, a PEG ratio of 1.42 and a beta of 1.26. Meta Platforms, Inc. has a 52-week low of $442.65 and a 52-week high of $740.91.

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

Meta Platforms Announces Dividend

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 given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 0.31%. The ex-dividend date of this dividend is Monday, June 16th. Meta Platforms's payout ratio is currently 8.19%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Pivotal Research decreased their target price on Meta Platforms from $875.00 to $830.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Piper Sandler increased their price objective on Meta Platforms from $610.00 to $650.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Moffett Nathanson raised their price objective on Meta Platforms from $525.00 to $605.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $740.00 target price on shares of Meta Platforms in a research report on Thursday, May 1st. Finally, Raymond James decreased their price target on shares of Meta Platforms from $800.00 to $750.00 and set a "strong-buy" rating for the company in a research note 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $704.26.

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.

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