Boulder Wealth Advisors LLC Increases Stock Holdings in Meta Platforms, Inc. (NASDAQ:META)

Boulder Wealth Advisors LLC lifted its stake in Meta Platforms, Inc. (NASDAQ:META) by 3.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 741 shares of the social networking company’s stock after buying an additional 28 shares during the quarter. Meta Platforms comprises 0.2% of Boulder Wealth Advisors LLC’s portfolio, making the stock its 18th biggest holding. Boulder Wealth Advisors LLC’s holdings in Meta Platforms were worth $427,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in META. Suvretta Capital Management LLC boosted its holdings in shares of Meta Platforms by 1.1% in the 4th quarter. Suvretta Capital Management LLC now owns 170,338 shares of the social networking company’s stock worth $99,735,000 after purchasing an additional 1,850 shares during the period. Skye Global Management LP raised its position in Meta Platforms by 130.9% during the 4th quarter. Skye Global Management LP now owns 76,200 shares of the social networking company’s stock valued at $44,616,000 after purchasing an additional 43,200 shares in the last quarter. Kovitz Investment Group Partners LLC raised its position in Meta Platforms by 255.9% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 1,709,694 shares of the social networking company’s stock valued at $1,001,044,000 after purchasing an additional 1,229,350 shares in the last quarter. Quantinno Capital Management LP raised its position in Meta Platforms by 25.1% during the 4th quarter. Quantinno Capital Management LP now owns 368,499 shares of the social networking company’s stock valued at $215,760,000 after purchasing an additional 73,907 shares in the last quarter. Finally, Arcadia Wealth Management Inc. bought a new position in shares of Meta Platforms in the 4th quarter worth $600,000. Institutional investors own 79.91% of the company’s stock.

Insider Transactions at Meta Platforms

In related news, insider Jennifer Newstead sold 519 shares of the firm’s stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $737.00, for a total transaction of $382,503.00. Following the transaction, the insider owned 27,626 shares of the company’s stock, valued at $20,360,362. This trade represents a 1.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Javier Olivan sold 517 shares of Meta Platforms stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $740.97, for a total value of $383,081.49. Following the completion of the sale, the chief operating officer directly owned 7,853 shares in the company, valued at $5,818,837.41. This represents a 6.18% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 152,756 shares of company stock worth $104,720,878. Corporate insiders own 13.61% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on META. Rosenblatt Securities upped their target price on Meta Platforms from $846.00 to $918.00 and gave the company a “buy” rating in a research report on Thursday, May 1st. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $740.00 price objective on shares of Meta Platforms in a research note on Thursday, May 1st. Wells Fargo & Company reaffirmed an “overweight” rating and set a $664.00 price objective on shares of Meta Platforms in a research note on Tuesday, June 17th. JPMorgan Chase & Co. lifted their price target on shares of Meta Platforms from $675.00 to $735.00 and gave the company an “overweight” rating in a research note on Wednesday, June 4th. Finally, Monness Crespi & Hardt lifted their target price on shares of Meta Platforms from $775.00 to $780.00 and gave the stock a “buy” rating in a research note on Thursday, May 1st. Five investment 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 MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $719.29.

Meta Platforms Trading Down 0.1%

NASDAQ:META opened at $718.35 on Tuesday. Meta Platforms, Inc. has a 12-month low of $442.65 and a 12-month high of $747.90. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.16. The firm has a market cap of $1.81 trillion, a PE ratio of 28.02, a price-to-earnings-growth ratio of 1.76 and a beta of 1.28. The stock has a fifty day moving average price of $662.26 and a 200 day moving average price of $631.21.

Meta Platforms (NASDAQ:META) last posted 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 38.69% and a net margin of 39.11%. The company had revenue of $42.31 billion for the quarter, compared to analysts’ expectations of $41.45 billion. During the same period last year, the firm earned $4.71 earnings per share. Meta Platforms’s quarterly revenue was up 16.1% on a year-over-year basis. Sell-side analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

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