Rowlandmiller & PARTNERS.ADV Acquires 667 Shares of Meta Platforms, Inc. (NASDAQ:META)

Rowlandmiller & PARTNERS.ADV raised its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 26.9% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 3,149 shares of the social networking company's stock after acquiring an additional 667 shares during the period. Rowlandmiller & PARTNERS.ADV's holdings in Meta Platforms were worth $1,815,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in Meta Platforms by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 191,198,005 shares of the social networking company's stock valued at $111,948,344,000 after buying an additional 1,502,553 shares during the period. Geode Capital Management LLC boosted its stake in shares of Meta Platforms by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 49,181,127 shares of the social networking company's stock worth $28,719,970,000 after acquiring an additional 1,020,519 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Meta Platforms by 2.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 42,317,434 shares of the social networking company's stock valued at $24,777,282,000 after acquiring an additional 1,049,121 shares during the period. Capital World Investors increased its stake in shares of Meta Platforms by 2.9% in the 4th quarter. Capital World Investors now owns 40,317,105 shares of the social networking company's stock worth $23,606,338,000 after purchasing an additional 1,141,355 shares in the last quarter. Finally, Norges Bank bought a new position in Meta Platforms in the 4th quarter worth $19,949,512,000. Hedge funds and other institutional investors own 79.91% of the company's stock.

Insiders Place Their Bets

In other Meta Platforms news, Director Robert M. Kimmitt sold 475 shares of Meta Platforms stock in a transaction on Monday, May 19th. The stock was sold at an average price of $628.25, for a total transaction of $298,418.75. Following the completion of the sale, the director now directly owns 10,272 shares of the company's stock, valued at $6,453,384. The trade was a 4.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jennifer Newstead sold 519 shares of the company's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $701.00, for a total value of $363,819.00. Following the completion of the sale, the insider now owns 29,183 shares of the company's stock, valued at $20,457,283. This represents a 1.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 86,201 shares of company stock worth $56,377,837 over the last quarter. Company insiders own 13.61% of the company's stock.

Analyst Upgrades and Downgrades

META has been the subject of several recent research reports. Monness Crespi & Hardt boosted their price target on Meta Platforms from $775.00 to $780.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Jefferies Financial Group reduced their target price 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. DA Davidson reduced their target price on shares of Meta Platforms from $800.00 to $650.00 and set a "buy" rating for the company in a report on Monday, April 14th. KeyCorp increased their target price on shares of Meta Platforms from $645.00 to $655.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Finally, Evercore ISI increased their target price on Meta Platforms from $725.00 to $750.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-seven have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $704.26.

Meta Platforms Trading Down 0.1%

Shares of META stock traded down $0.78 during trading hours on Thursday, reaching $693.36. 7,303,916 shares of the stock were exchanged, compared to its average volume of 14,503,798. Meta Platforms, Inc. has a 12-month low of $442.65 and a 12-month high of $740.91. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.16. The company's 50-day moving average price is $597.08 and its 200-day moving average price is $617.62. The firm has a market capitalization of $1.74 trillion, a price-to-earnings ratio of 28.99, a price-to-earnings-growth ratio of 1.42 and a beta of 1.26.

Meta Platforms (NASDAQ:META - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The social networking company reported $6.43 EPS for the quarter, topping analysts' consensus estimates 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 in the previous year, the company earned $4.71 EPS. The firm's revenue for the quarter was up 16.1% compared to the same quarter last year. As a group, equities analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders 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 0.30%. Meta Platforms's payout ratio is 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.