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Integral Investment Advisors Inc. Has $4.16 Million Position in Meta Platforms, Inc. $META

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Key Points

  • Integral Investment Advisors increased its Meta Platforms stake by 25.3% in the first quarter, buying 1,469 more shares and bringing its total holding to 7,277 shares valued at about $4.16 million.
  • Wall Street sentiment remains generally positive on Meta, with analysts assigning a Moderate Buy consensus and an average price target of $840.64, though UBS recently downgraded the stock to neutral.
  • Meta reported strong quarterly results, including EPS of $10.44 versus expectations of $6.67 and revenue growth of 33.1% year over year, while the company also paid a small quarterly dividend and saw recent insider selling.
  • MarketBeat previews top five stocks to own in August.

Integral Investment Advisors Inc. boosted its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 25.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,277 shares of the social networking company's stock after purchasing an additional 1,469 shares during the quarter. Meta Platforms comprises 1.0% of Integral Investment Advisors Inc.'s portfolio, making the stock its 24th largest holding. Integral Investment Advisors Inc.'s holdings in Meta Platforms were worth $4,164,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Meta Platforms by 3.8% in the 4th quarter. Vanguard Group Inc. now owns 199,995,630 shares of the social networking company's stock worth $132,015,115,000 after acquiring an additional 7,269,279 shares during the period. Auto Owners Insurance Co boosted its holdings in Meta Platforms by 76,587.7% during the fourth quarter. Auto Owners Insurance Co now owns 105,292,277 shares of the social networking company's stock valued at $69,502,379,000 after acquiring an additional 105,154,977 shares during the period. State Street Corp boosted its holdings in Meta Platforms by 5.1% during the fourth quarter. State Street Corp now owns 90,841,345 shares of the social networking company's stock valued at $59,963,463,000 after acquiring an additional 4,395,763 shares during the period. Geode Capital Management LLC grew its position in shares of Meta Platforms by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 52,806,712 shares of the social networking company's stock valued at $34,734,628,000 after purchasing an additional 878,396 shares during the last quarter. Finally, Capital World Investors grew its position in shares of Meta Platforms by 0.8% in the fourth quarter. Capital World Investors now owns 39,558,637 shares of the social networking company's stock valued at $26,112,735,000 after purchasing an additional 310,947 shares during the last quarter. Institutional investors and hedge funds own 79.91% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on META shares. Wells Fargo & Company boosted their price objective on Meta Platforms from $765.00 to $767.00 and gave the stock an "overweight" rating in a research report on Thursday, July 2nd. UBS Group lowered Meta Platforms from a "buy" rating to a "neutral" rating in a report on Tuesday, June 2nd. Bank of America dropped their price target on Meta Platforms from $885.00 to $820.00 and set a "buy" rating on the stock in a research report on Monday, April 20th. Benchmark initiated coverage on Meta Platforms in a report on Tuesday, June 2nd. They set a "buy" rating for the company. Finally, Barclays increased their price objective on Meta Platforms from $800.00 to $830.00 and gave the company an "overweight" rating in a research report on Thursday, April 30th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Meta Platforms currently has an average rating of "Moderate Buy" and a consensus price target of $840.64.

Check Out Our Latest Stock Analysis on META

Insider Activity at Meta Platforms

In other Meta Platforms news, insider Curtis J. Mahoney sold 2,079 shares of the company's stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $609.92, for a total value of $1,268,023.68. Following the sale, the insider directly owned 1,118 shares in the company, valued at $681,890.56. This represents a 65.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Robert M. Kimmitt sold 500 shares of the stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $607.75, for a total value of $303,875.00. Following the transaction, the director owned 3,443 shares of the company's stock, valued at $2,092,483.25. This represents a 12.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 44,748 shares of company stock valued at $27,565,292 in the last 90 days. 13.53% of the stock is owned by corporate insiders.

Meta Platforms Trading Up 4.7%

Shares of META stock opened at $631.48 on Friday. Meta Platforms, Inc. has a 52-week low of $520.26 and a 52-week high of $796.25. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.35 and a current ratio of 2.35. The stock has a market cap of $1.60 trillion, a price-to-earnings ratio of 22.95, a P/E/G ratio of 1.06 and a beta of 1.25. The firm has a fifty day moving average of $598.10 and a 200-day moving average of $626.80.

Meta Platforms (NASDAQ:META - Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The social networking company reported $10.44 earnings per share for the quarter, beating analysts' consensus estimates of $6.67 by $3.77. Meta Platforms had a return on equity of 36.93% and a net margin of 32.84%.The company had revenue of $56.31 billion for the quarter, compared to the consensus estimate of $55.56 billion. During the same period in the previous year, the business earned $6.43 earnings per share. The company's quarterly revenue was up 33.1% on a year-over-year basis. On average, equities research analysts forecast that Meta Platforms, Inc. will post 29.46 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Monday, June 15th were given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Monday, June 15th. Meta Platforms's dividend payout ratio (DPR) is 7.63%.

Trending Headlines about Meta Platforms

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

Meta Platforms Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Meta Platforms (NASDAQ:META)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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