Doliver Advisors LP Has $5.33 Million Stock Position in Meta Platforms, Inc. (NASDAQ:META)

Doliver Advisors LP boosted its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 4.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,317 shares of the social networking company’s stock after buying an additional 383 shares during the period. Meta Platforms makes up about 1.5% of Doliver Advisors LP’s holdings, making the stock its 9th largest holding. Doliver Advisors LP’s holdings in Meta Platforms were worth $5,333,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Capital Research Global Investors increased its holdings in shares of Meta Platforms by 14.5% in the first quarter. Capital Research Global Investors now owns 34,597,001 shares of the social networking company’s stock worth $16,799,612,000 after buying an additional 4,379,826 shares during the period. Vanguard Group Inc. increased its holdings in Meta Platforms by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 186,349,346 shares of the social networking company’s stock valued at $65,960,215,000 after purchasing an additional 3,104,550 shares during the period. Jennison Associates LLC increased its holdings in Meta Platforms by 24.7% during the 1st quarter. Jennison Associates LLC now owns 13,867,398 shares of the social networking company’s stock valued at $6,733,731,000 after purchasing an additional 2,748,620 shares during the period. Sustainable Growth Advisers LP purchased a new position in Meta Platforms during the 2nd quarter valued at about $595,152,000. Finally, Morningstar Investment Services LLC purchased a new position in Meta Platforms during the 4th quarter valued at about $406,316,000. Institutional investors own 79.91% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on META shares. KeyCorp boosted their price target on Meta Platforms from $540.00 to $560.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Guggenheim boosted their price target on Meta Platforms from $500.00 to $600.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft boosted their price target on Meta Platforms from $525.00 to $585.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Truist Financial lifted their price objective on Meta Platforms from $535.00 to $570.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, TD Cowen lifted their price objective on Meta Platforms from $530.00 to $600.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, thirty-five have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $598.08.

Meta Platforms Price Performance

Shares of META opened at $572.81 on Thursday. The firm has a market cap of $1.45 trillion, a PE ratio of 32.90, a P/E/G ratio of 1.39 and a beta of 1.21. The company has a current ratio of 2.83, a quick ratio of 2.83 and a debt-to-equity ratio of 0.12. The firm has a fifty day simple moving average of $521.88 and a two-hundred day simple moving average of $501.35. Meta Platforms, Inc. has a 1-year low of $279.40 and a 1-year high of $583.04.

Meta Platforms (NASDAQ:META) last announced its earnings results on Wednesday, July 31st. The social networking company reported $5.16 earnings per share for the quarter, beating analysts’ consensus estimates of $4.70 by $0.46. The business had revenue of $39.07 billion during 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 company’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same period in the previous year, the business earned $3.23 EPS. On average, equities analysts anticipate that Meta Platforms, Inc. will post 21.36 EPS for the current year.

Meta Platforms Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Monday, September 16th were paid a $0.50 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $2.00 annualized dividend and a dividend yield of 0.35%. Meta Platforms’s dividend payout ratio (DPR) is 11.49%.

Insider Transactions at Meta Platforms

In other news, CFO Susan J. Li sold 33,018 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $517.94, for a total value of $17,101,342.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Mark Zuckerberg sold 8,727 shares of the company’s stock in a transaction on Friday, July 5th. The stock was sold at an average price of $528.87, for a total value of $4,615,448.49. Following the completion of the sale, the chief executive officer now directly owns 178,099 shares in the company, valued at approximately $94,191,218.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Susan J. Li sold 33,018 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $517.94, for a total transaction of $17,101,342.92. The disclosure for this sale can be found here. Insiders sold 308,462 shares of company stock worth $162,308,065 in the last three months. Corporate insiders own 13.71% of the company’s stock.

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.