Meta Platforms, Inc. (NASDAQ:META) is MassMutual Private Wealth & Trust FSB's 9th Largest Position

MassMutual Private Wealth & Trust FSB lifted its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 0.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 99,296 shares of the social networking company's stock after purchasing an additional 866 shares during the period. Meta Platforms comprises 1.7% of MassMutual Private Wealth & Trust FSB's investment portfolio, making the stock its 9th largest holding. MassMutual Private Wealth & Trust FSB's holdings in Meta Platforms were worth $57,230,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Valley Financial Group Inc. increased its holdings in Meta Platforms by 2.4% during the 4th quarter. Valley Financial Group Inc. now owns 588 shares of the social networking company's stock worth $344,000 after purchasing an additional 14 shares during the period. Lantern Wealth Advisors LLC grew its stake in Meta Platforms by 0.5% during the 4th quarter. Lantern Wealth Advisors LLC now owns 2,976 shares of the social networking company's stock worth $1,743,000 after buying an additional 14 shares during the last quarter. Seelaus Asset Management LLC boosted its holdings in Meta Platforms by 0.9% in the fourth quarter. Seelaus Asset Management LLC now owns 1,640 shares of the social networking company's stock worth $960,000 after acquiring an additional 15 shares in the last quarter. Meredith Wealth Planning boosted its holdings in Meta Platforms by 0.8% in the fourth quarter. Meredith Wealth Planning now owns 1,873 shares of the social networking company's stock worth $1,097,000 after acquiring an additional 15 shares in the last quarter. Finally, Maiden Cove Capital LLC raised its stake in shares of Meta Platforms by 3.2% in the fourth quarter. Maiden Cove Capital LLC now owns 481 shares of the social networking company's stock worth $282,000 after purchasing an additional 15 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on META shares. Wells Fargo & Company reduced their price objective on Meta Platforms from $752.00 to $664.00 and set an "overweight" rating for the company in a research note on Thursday, May 1st. Barclays lowered their price target on Meta Platforms from $705.00 to $640.00 and set an "overweight" rating on the stock in a research note on Thursday, May 1st. JPMorgan Chase & Co. lifted their price target on Meta Platforms from $610.00 to $675.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Loop Capital boosted their price objective on Meta Platforms from $695.00 to $888.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Finally, Monness Crespi & Hardt lifted their target price 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 research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $701.05.

Insider Buying and Selling

In other Meta Platforms news, COO Javier Olivan sold 608 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $673.96, for a total value of $409,767.68. Following the transaction, the chief operating officer now directly owns 8,662 shares of the company's stock, valued at approximately $5,837,841.52. The trade was a 6.56% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jennifer Newstead sold 519 shares of the business's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $635.41, for a total transaction of $329,777.79. Following the sale, the insider now owns 30,221 shares in the company, valued at $19,202,725.61. The trade was a 1.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 56,664 shares of company stock worth $35,484,670 over the last 90 days. 13.61% of the stock is owned by insiders.

Meta Platforms Stock Performance

NASDAQ META traded down $2.82 during mid-day trading on Friday, reaching $642.23. 16,230,863 shares of the stock were exchanged, compared to its average volume of 14,491,179. 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 company has a market capitalization of $1.61 trillion, a P/E ratio of 26.85, a P/E/G ratio of 1.42 and a beta of 1.24. Meta Platforms, Inc. has a 1 year low of $442.65 and a 1 year high of $740.91. The business's 50 day moving average is $578.25 and its 200-day moving average is $610.43.

Meta Platforms (NASDAQ:META - Get Free Report) last released its quarterly earnings data 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. Meta Platforms had a net margin of 37.91% and a return on equity of 38.17%. The firm had revenue of $42.31 billion during the quarter, compared to analysts' expectations of $41.45 billion. During the same period last year, the business earned $4.71 earnings per share. Meta Platforms's revenue was up 16.1% compared to the same quarter last year. On average, equities research analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Announces Dividend

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

Meta Platforms 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.