Unison Asset Management LLC Has $18.11 Million Stock Position in Meta Platforms, Inc. (NASDAQ:META)

Unison Asset Management LLC lowered its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 7.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,147 shares of the social networking company's stock after selling 2,704 shares during the period. Meta Platforms makes up 10.5% of Unison Asset Management LLC's portfolio, making the stock its 2nd biggest position. Unison Asset Management LLC's holdings in Meta Platforms were worth $18,114,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in META. Inlight Wealth Management LLC acquired a new stake in Meta Platforms during the 1st quarter valued at $25,000. Millstone Evans Group LLC acquired a new stake in Meta Platforms during the 4th quarter valued at $40,000. WealthTrak Capital Management LLC acquired a new stake in Meta Platforms during the 4th quarter valued at $43,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in Meta Platforms during the 4th quarter valued at $45,000. Finally, Stuart Chaussee & Associates Inc. acquired a new stake in Meta Platforms during the 4th quarter valued at $47,000. Institutional investors and hedge funds own 79.91% of the company's stock.

Insider Buying and Selling

In other news, CEO Mark Zuckerberg sold 1,462 shares of the stock in a transaction on Friday, June 6th. The stock was sold at an average price of $701.13, for a total value of $1,025,052.06. Following the completion of the transaction, the chief executive officer now owns 139,538 shares of the company's stock, valued at approximately $97,834,277.94. This represents a 1.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Jennifer Newstead sold 519 shares of the stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $704.89, for a total value of $365,837.91. Following the completion of the transaction, the insider now directly owns 28,145 shares of the company's stock, valued at approximately $19,839,129.05. The trade was a 1.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold 124,831 shares of company stock valued at $83,868,872 in the last three months. 13.61% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on META shares. Guggenheim raised their price target on shares of Meta Platforms from $675.00 to $725.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Benchmark lowered their price target on shares of Meta Platforms from $820.00 to $640.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Citigroup raised their price target on shares of Meta Platforms from $690.00 to $803.00 and gave the company a "buy" rating in a report on Tuesday. Jefferies Financial Group lowered their price target on shares of Meta Platforms from $725.00 to $600.00 and set a "buy" rating for the company in a report on Monday, April 7th. Finally, Oppenheimer raised their price target on shares of Meta Platforms from $665.00 to $775.00 and gave the company an "outperform" rating in a report on Monday, June 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-seven have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Meta Platforms currently has an average rating of "Moderate Buy" and an average price target of $719.52.

Meta Platforms Stock Performance

Shares of Meta Platforms stock traded up $7.54 during trading hours on Friday, reaching $733.63. The company's stock had a trading volume of 18,758,104 shares, compared to its average volume of 14,525,798. The stock has a market cap of $1.84 trillion, a P/E ratio of 28.61, a price-to-earnings-growth ratio of 1.74 and a beta of 1.26. The company's 50 day simple moving average is $633.87 and its 200 day simple moving average is $625.73. Meta Platforms, Inc. has a one year low of $442.65 and a one year high of $740.91. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.66 and a current ratio of 2.66.

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

Meta Platforms Dividend Announcement

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

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.