Ulland Investment Advisors LLC Has $7.27 Million Holdings in Meta Platforms, Inc. (NASDAQ:META)

Ulland Investment Advisors LLC lessened its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 9.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 12,609 shares of the social networking company's stock after selling 1,242 shares during the period. Meta Platforms comprises about 6.1% of Ulland Investment Advisors LLC's portfolio, making the stock its 3rd largest holding. Ulland Investment Advisors LLC's holdings in Meta Platforms were worth $7,267,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of META. Millstone Evans Group LLC acquired a new stake in shares of Meta Platforms in the fourth quarter worth $40,000. WealthTrak Capital Management LLC purchased a new stake in Meta Platforms in the 4th quarter worth about $43,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in Meta Platforms during the 4th quarter worth about $45,000. Stuart Chaussee & Associates Inc. purchased a new position in Meta Platforms during the 4th quarter valued at about $47,000. Finally, Principia Wealth Advisory LLC increased its holdings in shares of Meta Platforms by 53.6% in the 1st quarter. Principia Wealth Advisory LLC now owns 86 shares of the social networking company's stock valued at $50,000 after purchasing an additional 30 shares during the period. 79.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Barclays cut their target price on shares of Meta Platforms from $705.00 to $640.00 and set an "overweight" rating for the company in a research report on Thursday, May 1st. Pivotal Research reduced their target price on Meta Platforms from $875.00 to $830.00 and set a "buy" rating for the company in a report on Thursday, May 1st. UBS Group raised their target price on shares of Meta Platforms from $650.00 to $683.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Cantor Fitzgerald restated an "overweight" rating and set a $676.00 price target on shares of Meta Platforms in a report on Wednesday. Finally, Piper Sandler lifted their price objective on Meta Platforms from $610.00 to $650.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-seven have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $704.26.

Insider Activity at Meta Platforms

In other Meta Platforms news, CEO Mark Zuckerberg sold 7,802 shares of the firm's stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $701.96, for a total value of $5,476,691.92. Following the completion of the sale, the chief executive officer now owns 110,477 shares in the company, valued at approximately $77,550,434.92. This trade represents a 6.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Susan J. Li sold 6,874 shares of the company's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $659.36, for a total transaction of $4,532,440.64. Following the transaction, the chief financial officer now owns 70,040 shares in the company, valued at $46,181,574.40. The trade was a 8.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 86,201 shares of company stock valued at $56,377,837 over the last ninety days. 13.61% of the stock is owned by insiders.

Meta Platforms Price Performance

Shares of NASDAQ META traded down $10.49 during mid-day trading on Friday, hitting $682.87. 9,259,272 shares of the stock were exchanged, compared to its average volume of 14,501,070. Meta Platforms, Inc. has a twelve month low of $442.65 and a twelve month high of $740.91. The stock's fifty day simple moving average is $600.62 and its two-hundred day simple moving average is $618.50. 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 cap of $1.72 trillion, a P/E ratio of 28.55, a PEG 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 earnings per share for the quarter, beating analysts' consensus estimates of $5.33 by $1.10. Meta Platforms had a return on equity of 38.17% and a net margin of 37.91%. 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 firm posted $4.71 EPS. The business's revenue was up 16.1% on a year-over-year basis. As a group, analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders 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 dividend yield of 0.31%. Meta Platforms's dividend payout ratio (DPR) is presently 8.19%.

About Meta Platforms

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.