GSG Advisors LLC Has $738,000 Stake in Meta Platforms, Inc. (NASDAQ:META)

GSG Advisors LLC grew its position in Meta Platforms, Inc. (NASDAQ:META) by 1.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,463 shares of the social networking company’s stock after buying an additional 22 shares during the quarter. GSG Advisors LLC’s holdings in Meta Platforms were worth $738,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in META. S.A. Mason LLC increased its stake in shares of Meta Platforms by 1.5% in the 1st quarter. S.A. Mason LLC now owns 1,328 shares of the social networking company’s stock valued at $645,000 after purchasing an additional 20 shares during the last quarter. Horizon Bancorp Inc. IN grew its position in Meta Platforms by 2.0% in the first quarter. Horizon Bancorp Inc. IN now owns 1,057 shares of the social networking company’s stock valued at $513,000 after acquiring an additional 21 shares during the last quarter. Northern Capital Management Inc. raised its stake in Meta Platforms by 3.4% during the first quarter. Northern Capital Management Inc. now owns 647 shares of the social networking company’s stock worth $314,000 after acquiring an additional 21 shares in the last quarter. Hanson & Doremus Investment Management lifted its holdings in shares of Meta Platforms by 5.3% in the first quarter. Hanson & Doremus Investment Management now owns 435 shares of the social networking company’s stock worth $211,000 after acquiring an additional 22 shares during the last quarter. Finally, LongView Wealth Management boosted its stake in shares of Meta Platforms by 1.3% in the 1st quarter. LongView Wealth Management now owns 1,762 shares of the social networking company’s stock valued at $856,000 after purchasing an additional 22 shares in the last quarter. Institutional investors own 79.91% of the company’s stock.

Meta Platforms Stock Up 1.6 %

Shares of Meta Platforms stock traded up $8.14 during trading on Friday, reaching $517.77. 13,696,640 shares of the company traded hands, compared to its average volume of 16,487,600. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.83 and a quick ratio of 2.68. The firm has a market capitalization of $1.31 trillion, a PE ratio of 29.74, a P/E/G ratio of 1.27 and a beta of 1.21. The company has a 50 day moving average price of $496.49 and a 200-day moving average price of $483.87. Meta Platforms, Inc. has a 1-year low of $274.38 and a 1-year high of $542.81.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings data on Wednesday, July 31st. The social networking company reported $5.16 earnings per share for the quarter, beating the consensus estimate of $4.70 by $0.46. The firm had revenue of $39.07 billion for the quarter, compared to analyst estimates of $38.26 billion. Meta Platforms had a net margin of 34.34% and a return on equity of 34.16%. The business’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.23 earnings per share. As a group, equities research analysts expect that Meta Platforms, Inc. will post 20.5 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Friday, June 14th were paid a $0.50 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $2.00 dividend on an annualized basis and a yield of 0.39%. Meta Platforms’s dividend payout ratio (DPR) is presently 11.49%.

Insider Activity

In other Meta Platforms news, Director Sheryl Sandberg sold 105,000 shares of the company’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $476.71, for a total transaction of $50,054,550.00. Following the transaction, the director now owns 630,293 shares in the company, valued at $300,466,976.03. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director Sheryl Sandberg sold 105,000 shares of the stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $476.71, for a total value of $50,054,550.00. Following the completion of the sale, the director now directly owns 630,293 shares of the company’s stock, valued at $300,466,976.03. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Nicholas Clegg sold 1,135 shares of Meta Platforms stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $471.85, for a total value of $535,549.75. Following the transaction, the insider now directly owns 8,753 shares in the company, valued at approximately $4,130,103.05. The disclosure for this sale can be found here. Insiders sold a total of 319,158 shares of company stock worth $158,629,849 over the last quarter. 13.71% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

META has been the subject of a number of research analyst reports. Roth Mkm upped their price objective on shares of Meta Platforms from $510.00 to $550.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. JPMorgan Chase & Co. upped their price target on shares of Meta Platforms from $480.00 to $610.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. UBS Group raised their price objective on Meta Platforms from $630.00 to $635.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Barclays upped their target price on Meta Platforms from $520.00 to $550.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $570.00 price target on shares of Meta Platforms in a research note on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, thirty-three have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $572.51.

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.