OneDigital Investment Advisors LLC Has $19.82 Million Position in Meta Platforms, Inc. (NASDAQ:META)

OneDigital Investment Advisors LLC lessened its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 2.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,396 shares of the social networking company's stock after selling 760 shares during the quarter. OneDigital Investment Advisors LLC's holdings in Meta Platforms were worth $19,824,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in META. Opulen Financial Group LLC bought a new stake in shares of Meta Platforms in the 4th quarter worth about $325,000. Brighton Jones LLC grew its position in shares of Meta Platforms by 1.7% during the 4th quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock valued at $20,230,000 after buying an additional 570 shares during the last quarter. Revolve Wealth Partners LLC boosted its stake in Meta Platforms by 10.2% during the 4th quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company's stock valued at $5,537,000 after purchasing an additional 875 shares during the period. SOA Wealth Advisors LLC. boosted its stake in Meta Platforms by 5.5% during the 4th quarter. SOA Wealth Advisors LLC. now owns 3,397 shares of the social networking company's stock valued at $1,989,000 after purchasing an additional 178 shares during the period. Finally, Bank Pictet & Cie Europe AG boosted its stake in Meta Platforms by 3.5% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 221,459 shares of the social networking company's stock valued at $129,666,000 after purchasing an additional 7,587 shares during the period. Institutional investors and hedge funds own 79.91% of the company's stock.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, CTO Andrew Bosworth sold 22,449 shares of the business's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $636.85, for a total value of $14,296,645.65. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mark Zuckerberg sold 13,793 shares of the business's stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 118,279 shares in the company, valued at approximately $82,928,955.27. This trade represents a 10.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 153,792 shares of company stock worth $105,466,325 over the last ninety days. Corporate insiders own 13.61% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on META. Evercore ISI upped their price target on shares of Meta Platforms from $725.00 to $750.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. UBS Group reaffirmed a "buy" rating and issued a $812.00 price target (up from $683.00) on shares of Meta Platforms in a research note on Thursday, June 26th. TD Securities reduced their price target on shares of Meta Platforms from $725.00 to $700.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. The Goldman Sachs Group increased their target price on shares of Meta Platforms from $685.00 to $690.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Finally, 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 note on Thursday, May 1st. Five research 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 stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $729.38.

Meta Platforms Stock Performance

Shares of NASDAQ:META traded down $9.73 on Friday, hitting $717.51. 10,847,750 shares of the company were exchanged, compared to its average volume of 14,488,679. The company's 50 day moving average price is $672.36 and its two-hundred day moving average price is $633.41. Meta Platforms, Inc. has a one year low of $442.65 and a one year high of $747.90. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.66 and a current ratio of 2.66. The firm has a market capitalization of $1.80 trillion, a price-to-earnings ratio of 27.98, a PEG ratio of 1.80 and a beta of 1.28.

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 for the quarter, beating analysts' consensus estimates of $5.33 by $1.10. The business had revenue of $42.31 billion for the quarter, compared to analysts' expectations of $41.45 billion. Meta Platforms had a net margin of 39.11% and a return on equity of 38.69%. The firm's revenue for the quarter was up 16.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.71 earnings per share. Research analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Dividend Announcement

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