Mather Group LLC. Purchases 3,640 Shares of Meta Platforms, Inc. (NASDAQ:META)

Mather Group LLC. boosted its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 19.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,822 shares of the social networking company's stock after purchasing an additional 3,640 shares during the quarter. Mather Group LLC.'s holdings in Meta Platforms were worth $13,154,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Valley Financial Group Inc. raised its stake in Meta Platforms by 2.4% in the fourth quarter. Valley Financial Group Inc. now owns 588 shares of the social networking company's stock valued at $344,000 after buying an additional 14 shares during the period. Lantern Wealth Advisors LLC grew its position in Meta Platforms by 0.5% during the fourth 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 in the last quarter. Maiden Cove Capital LLC boosted its holdings in shares of Meta Platforms by 3.2% in the 4th quarter. Maiden Cove Capital LLC now owns 481 shares of the social networking company's stock valued at $282,000 after purchasing an additional 15 shares in the last quarter. Riverwater Partners LLC boosted its holdings in shares of Meta Platforms by 2.7% in the 4th quarter. Riverwater Partners LLC now owns 572 shares of the social networking company's stock valued at $335,000 after purchasing an additional 15 shares in the last quarter. Finally, ABLE Financial Group LLC boosted its holdings in shares of Meta Platforms by 0.7% in the 4th quarter. ABLE Financial Group LLC now owns 2,136 shares of the social networking company's stock valued at $1,251,000 after purchasing an additional 15 shares in the last quarter. Institutional investors own 79.91% of the company's stock.

Meta Platforms Stock Performance

Shares of NASDAQ META traded up $3.34 during midday trading on Friday, reaching $716.91. The company's stock had a trading volume of 8,601,653 shares, compared to its average volume of 14,544,817. Meta Platforms, Inc. has a 12-month low of $442.65 and a 12-month high of $747.90. The firm has a 50 day moving average price of $658.89 and a 200-day moving average price of $630.04. The stock has a market capitalization of $1.80 trillion, a P/E ratio of 27.96, a PEG ratio of 1.76 and a beta of 1.28. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.66 and a quick ratio of 2.66.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The social networking company reported $6.43 EPS for the quarter, beating the consensus estimate of $5.33 by $1.10. Meta Platforms had a return on equity of 38.69% and a net margin of 39.11%. The business had revenue of $42.31 billion for the quarter, compared to the consensus estimate of $41.45 billion. During the same quarter in the prior year, the business earned $4.71 earnings per share. Meta Platforms's revenue for the quarter was up 16.1% on a year-over-year basis. As a group, equities analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Monday, June 16th were paid a $0.525 dividend. The ex-dividend date of this dividend was Monday, June 16th. This represents a $2.10 annualized dividend and a yield of 0.29%. Meta Platforms's payout ratio is 8.19%.

Insider Activity at Meta Platforms

In other Meta Platforms news, CEO Mark Zuckerberg sold 13,793 shares of the business's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $701.13, for a total transaction of $9,670,686.09. Following the sale, the chief executive officer owned 118,279 shares of the company's stock, valued at $82,928,955.27. The trade was a 10.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Andrew Bosworth sold 22,449 shares of the business's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $636.85, for a total transaction of $14,296,645.65. Following the sale, the chief technology officer directly owned 1,183 shares in the company, valued at $753,393.55. The trade was a 94.99% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 154,285 shares of company stock worth $105,518,153. Insiders own 13.61% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on META shares. UBS Group reissued a "buy" rating and set a $812.00 price objective (up previously from $683.00) on shares of Meta Platforms in a report on Thursday, June 26th. Truist Financial raised their target price on Meta Platforms from $700.00 to $720.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Wedbush lifted their price objective on Meta Platforms from $680.00 to $750.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Pivotal Research lowered their price objective 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. Finally, Monness Crespi & Hardt lifted their price objective on Meta Platforms from $775.00 to $780.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Five analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $719.29.

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.