Milestones Private Investment Advisors LLC Acquires Shares of 966 Meta Platforms, Inc. $META

Milestones Private Investment Advisors LLC bought a new position in shares of Meta Platforms, Inc. (NASDAQ:META) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 966 shares of the social networking company’s stock, valued at approximately $713,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its stake in shares of Meta Platforms by 0.4% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 3,506 shares of the social networking company’s stock valued at $2,587,000 after purchasing an additional 13 shares during the last quarter. Pachira Investments Inc. raised its stake in shares of Meta Platforms by 3.0% during the second quarter. Pachira Investments Inc. now owns 488 shares of the social networking company’s stock worth $360,000 after purchasing an additional 14 shares during the last quarter. Hemington Wealth Management lifted its holdings in shares of Meta Platforms by 0.6% during the second quarter. Hemington Wealth Management now owns 2,223 shares of the social networking company’s stock worth $1,641,000 after purchasing an additional 14 shares during the period. Vista Capital Partners Inc. grew its position in Meta Platforms by 1.3% in the 2nd quarter. Vista Capital Partners Inc. now owns 1,075 shares of the social networking company’s stock valued at $794,000 after buying an additional 14 shares during the last quarter. Finally, Myecfo LLC grew its position in Meta Platforms by 2.0% in the 2nd quarter. Myecfo LLC now owns 776 shares of the social networking company’s stock valued at $573,000 after buying an additional 15 shares during the last quarter. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Insider Activity at Meta Platforms

In other news, CFO Susan J. Li sold 6,875 shares of the business’s stock in a transaction on Saturday, November 15th. The stock was sold at an average price of $609.46, for a total value of $4,190,037.50. Following the completion of the transaction, the chief financial officer directly owned 88,370 shares of the company’s stock, valued at $53,857,980.20. The trade was a 7.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Javier Olivan sold 2,610 shares of the company’s stock in a transaction on Saturday, November 15th. The shares were sold at an average price of $609.46, for a total value of $1,590,690.60. Following the completion of the sale, the chief operating officer owned 9,784 shares in the company, valued at $5,962,956.64. This represents a 21.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 40,458 shares of company stock valued at $25,436,200 in the last ninety days. 13.61% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on META shares. Cantor Fitzgerald cut their price objective on shares of Meta Platforms from $830.00 to $720.00 and set an “overweight” rating for the company in a research report on Wednesday, November 19th. Royal Bank Of Canada dropped their price target on shares of Meta Platforms from $840.00 to $810.00 and set an “outperform” rating on the stock in a research note on Thursday, October 30th. Morgan Stanley cut their price target on shares of Meta Platforms from $820.00 to $750.00 and set an “overweight” rating for the company in a report on Thursday. DA Davidson set a $825.00 price objective on Meta Platforms in a report on Thursday, October 30th. Finally, Zacks Research cut Meta Platforms from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $819.46.

Meta Platforms Stock Performance

NASDAQ:META opened at $647.51 on Tuesday. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $1.63 trillion, a P/E ratio of 28.60, a price-to-earnings-growth ratio of 1.35 and a beta of 1.28. The firm has a 50-day moving average price of $664.55 and a two-hundred day moving average price of $707.70. Meta Platforms, Inc. has a twelve month low of $479.80 and a twelve month high of $796.25.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.74 by $0.51. Meta Platforms had a net margin of 30.89% and a return on equity of 39.35%. The company had revenue of $51.24 billion for the quarter, compared to the consensus estimate of $49.34 billion. During the same quarter in the prior year, the firm earned $6.03 earnings per share. The company’s revenue for the quarter was up 26.2% compared to the same quarter last year. As a group, research analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Shareholders of record on Monday, December 15th will be issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Monday, December 15th. Meta Platforms’s dividend payout ratio is 9.28%.

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.