Atria Wealth Solutions Inc. Has $43.94 Million Stake in Meta Platforms, Inc. (NASDAQ:META)

Atria Wealth Solutions Inc. lifted its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 1.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 124,139 shares of the social networking company’s stock after buying an additional 2,354 shares during the quarter. Meta Platforms comprises approximately 0.5% of Atria Wealth Solutions Inc.’s investment portfolio, making the stock its 24th biggest holding. Atria Wealth Solutions Inc.’s holdings in Meta Platforms were worth $43,940,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Stone House Investment Management LLC grew its holdings in Meta Platforms by 625.0% during the third quarter. Stone House Investment Management LLC now owns 87 shares of the social networking company’s stock valued at $26,000 after purchasing an additional 75 shares during the period. Beaird Harris Wealth Management LLC grew its holdings in Meta Platforms by 68.9% during the third quarter. Beaird Harris Wealth Management LLC now owns 103 shares of the social networking company’s stock valued at $31,000 after purchasing an additional 42 shares during the period. PayPay Securities Corp grew its holdings in Meta Platforms by 65.2% during the third quarter. PayPay Securities Corp now owns 109 shares of the social networking company’s stock valued at $33,000 after purchasing an additional 43 shares during the period. Cranbrook Wealth Management LLC grew its holdings in Meta Platforms by 80.4% during the fourth quarter. Cranbrook Wealth Management LLC now owns 101 shares of the social networking company’s stock valued at $36,000 after purchasing an additional 45 shares during the period. Finally, Gilfoyle & Co LLC acquired a new position in Meta Platforms during the fourth quarter valued at approximately $39,000. Institutional investors and hedge funds own 79.91% of the company’s stock.

Insider Activity at Meta Platforms

In related news, COO Javier Olivan sold 490 shares of the company’s stock in a transaction dated Friday, April 19th. The shares were sold at an average price of $501.18, for a total value of $245,578.20. Following the transaction, the chief operating officer now directly owns 7,089 shares in the company, valued at $3,552,865.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, COO Javier Olivan sold 490 shares of the company’s stock in a transaction dated Friday, April 19th. The shares were sold at an average price of $501.18, for a total value of $245,578.20. Following the transaction, the chief operating officer now directly owns 7,089 shares in the company, valued at $3,552,865.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mark Zuckerberg sold 19,681 shares of the company’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $394.76, for a total transaction of $7,769,271.56. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,368,244 shares of company stock worth $657,034,449. Corporate insiders own 14.03% of the company’s stock.

Meta Platforms Stock Performance

Shares of NASDAQ:META traded down $2.60 on Wednesday, hitting $493.50. The company had a trading volume of 36,273,029 shares, compared to its average volume of 17,341,254. Meta Platforms, Inc. has a 1-year low of $207.13 and a 1-year high of $531.49. The stock has a market cap of $1.26 trillion, a price-to-earnings ratio of 33.12, a P/E/G ratio of 1.23 and a beta of 1.20. The stock has a 50 day moving average price of $495.93 and a 200 day moving average price of $403.14. The company has a current ratio of 2.67, a quick ratio of 2.67 and a debt-to-equity ratio of 0.12.

Meta Platforms (NASDAQ:META) last released its quarterly earnings data on Thursday, February 1st. The social networking company reported $5.33 EPS for the quarter, beating the consensus estimate of $4.82 by $0.51. Meta Platforms had a net margin of 28.98% and a return on equity of 29.48%. The firm had revenue of $40.11 billion for the quarter, compared to the consensus estimate of $39.12 billion. During the same period in the previous year, the company earned $3.00 earnings per share. The company’s quarterly revenue was up 24.7% on a year-over-year basis. Analysts expect that Meta Platforms, Inc. will post 20.18 EPS for the current year.

Meta Platforms Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Thursday, February 22nd were issued a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $2.00 annualized dividend and a dividend yield of 0.41%. Meta Platforms’s dividend payout ratio is currently 13.42%.

Analyst Ratings Changes

A number of brokerages recently issued reports on META. BMO Capital Markets boosted their price objective on shares of Meta Platforms from $397.00 to $450.00 and gave the company a “market perform” rating in a report on Friday, February 2nd. Raymond James lifted their price target on shares of Meta Platforms from $450.00 to $550.00 and gave the company a “strong-buy” rating in a research note on Friday, February 2nd. Guggenheim lifted their price target on shares of Meta Platforms from $380.00 to $520.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. TD Cowen lifted their price target on shares of Meta Platforms from $415.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Finally, Benchmark reaffirmed a “hold” rating on shares of Meta Platforms in a research note on Monday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, thirty-eight have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $520.28.

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.