Boulder Wealth Advisors LLC Makes New $408,000 Investment in Meta Platforms, Inc. (NASDAQ:META)

Boulder Wealth Advisors LLC bought a new position in Meta Platforms, Inc. (NASDAQ:META) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 713 shares of the social networking company’s stock, valued at approximately $408,000. Meta Platforms accounts for approximately 0.2% of Boulder Wealth Advisors LLC’s holdings, making the stock its 19th biggest position.

Other large investors have also made changes to their positions in the company. Oriental Harbor Investment Fund purchased a new stake in shares of Meta Platforms during the third quarter worth $95,734,000. American Trust increased its stake in Meta Platforms by 112.1% during the third quarter. American Trust now owns 6,930 shares of the social networking company’s stock valued at $3,967,000 after acquiring an additional 3,663 shares during the period. Old North State Trust LLC raised its stake in shares of Meta Platforms by 3.4% in the third quarter. Old North State Trust LLC now owns 1,290 shares of the social networking company’s stock valued at $738,000 after purchasing an additional 42 shares in the last quarter. Franklin Resources Inc. lifted its stake in Meta Platforms by 2.8% during the third quarter. Franklin Resources Inc. now owns 6,946,755 shares of the social networking company’s stock worth $4,101,602,000 after purchasing an additional 186,728 shares during the period. Finally, Tri Ri Asset Management Corp bought a new stake in Meta Platforms during the 3rd quarter worth approximately $13,972,000. Institutional investors and hedge funds own 79.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on META shares. Hsbc Global Res upgraded shares of Meta Platforms to a “hold” rating in a research report on Thursday, October 24th. Citigroup upped their price objective on shares of Meta Platforms from $645.00 to $705.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. TD Cowen boosted their target price on shares of Meta Platforms from $600.00 to $675.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Barclays raised their price target on shares of Meta Platforms from $550.00 to $630.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Finally, Robert W. Baird upped their price objective on shares of Meta Platforms from $605.00 to $630.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $635.20.

Meta Platforms Stock Down 0.3 %

Shares of NASDAQ:META opened at $630.79 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.73 and a current ratio of 2.73. The stock has a market capitalization of $1.59 trillion, a P/E ratio of 29.71, a PEG ratio of 1.39 and a beta of 1.20. The stock has a 50-day simple moving average of $583.48 and a 200-day simple moving average of $536.44. Meta Platforms, Inc. has a 1 year low of $328.64 and a 1 year high of $638.40.

Meta Platforms (NASDAQ:META) last posted its earnings results on Wednesday, October 30th. The social networking company reported $6.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.19 by $0.84. The business had revenue of $40.59 billion during the quarter, compared to analyst estimates of $40.21 billion. Meta Platforms had a return on equity of 35.60% and a net margin of 35.55%. Equities analysts forecast that Meta Platforms, Inc. will post 22.68 earnings per share for the current year.

Meta Platforms Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 16th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.32%. The ex-dividend date is Monday, December 16th. Meta Platforms’s dividend payout ratio (DPR) is 9.42%.

Insider Transactions at Meta Platforms

In other news, CEO Mark Zuckerberg sold 35,921 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $607.97, for a total transaction of $21,838,890.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Susan J. Li sold 8,951 shares of Meta Platforms stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $577.16, for a total transaction of $5,166,159.16. Following the sale, the chief financial officer now owns 51,591 shares in the company, valued at approximately $29,776,261.56. This represents a 14.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 214,002 shares of company stock valued at $126,740,653. 13.71% of the stock is currently owned by corporate insiders.

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.