Mutual of America Capital Management LLC Has $155.16 Million Stake in Meta Platforms, Inc. (NASDAQ:META)

Mutual of America Capital Management LLC reduced its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 1.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 271,049 shares of the social networking company's stock after selling 5,310 shares during the quarter. Meta Platforms comprises 1.6% of Mutual of America Capital Management LLC's holdings, making the stock its 6th largest position. Mutual of America Capital Management LLC's holdings in Meta Platforms were worth $155,159,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. POM Investment Strategies LLC bought a new position in Meta Platforms in the second quarter valued at approximately $38,000. Ruedi Wealth Management Inc. increased its stake in Meta Platforms by 122.2% in the second quarter. Ruedi Wealth Management Inc. now owns 80 shares of the social networking company's stock valued at $40,000 after acquiring an additional 44 shares during the last quarter. Halpern Financial Inc. bought a new position in Meta Platforms in the third quarter valued at approximately $46,000. West Financial Advisors LLC bought a new position in Meta Platforms in the third quarter valued at approximately $49,000. Finally, NewSquare Capital LLC increased its stake in Meta Platforms by 221.9% in the second quarter. NewSquare Capital LLC now owns 103 shares of the social networking company's stock valued at $52,000 after acquiring an additional 71 shares during the last quarter. 79.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

META has been the topic of a number of research reports. KeyCorp boosted their target price on shares of Meta Platforms from $560.00 to $655.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 9th. UBS Group boosted their price objective on shares of Meta Platforms from $690.00 to $719.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. DA Davidson began coverage on shares of Meta Platforms in a research note on Tuesday, September 10th. They issued a "buy" rating and a $600.00 price objective on the stock. Oppenheimer boosted their price objective on shares of Meta Platforms from $525.00 to $615.00 and gave the stock an "outperform" rating in a research note on Thursday, August 1st. Finally, JMP Securities boosted their price objective on shares of Meta Platforms from $635.00 to $660.00 and gave the stock a "market outperform" rating in a research note on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, thirty-five have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Meta Platforms has an average rating of "Moderate Buy" and an average target price of $634.10.

Insider Activity

In related news, insider Jennifer Newstead sold 905 shares of the business's stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $519.05, for a total transaction of $469,740.25. Following the completion of the sale, the insider now directly owns 39,627 shares in the company, valued at approximately $20,568,394.35. The trade was a 2.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Mark Zuckerberg sold 84 shares of the business's stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $600.00, for a total transaction of $50,400.00. Following the sale, the chief executive officer now owns 518,424 shares of the company's stock, valued at $311,054,400. This trade represents a 0.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 185,958 shares of company stock valued at $101,181,747 over the last three months. Insiders own 13.71% of the company's stock.

Meta Platforms Stock Up 0.0 %

NASDAQ:META traded up $0.01 during mid-day trading on Wednesday, hitting $561.10. 5,639,719 shares of the company's stock were exchanged, compared to its average volume of 14,995,385. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.73 and a quick ratio of 2.73. The company has a market cap of $1.42 trillion, a PE ratio of 26.23, a P/E/G ratio of 1.23 and a beta of 1.22. Meta Platforms, Inc. has a one year low of $313.66 and a one year high of $602.95. The business has a fifty day moving average price of $570.23 and a 200 day moving average price of $522.73.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its earnings results on Wednesday, October 30th. The social networking company reported $6.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.19 by $0.84. The business had revenue of $40.59 billion during the quarter, compared to analysts' expectations of $40.21 billion. Meta Platforms had a net margin of 35.55% and a return on equity of 35.60%. Equities analysts predict that Meta Platforms, Inc. will post 22.53 EPS for the current year.

Meta Platforms Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Monday, September 16th were issued a dividend of $0.50 per share. The ex-dividend date was Monday, September 16th. This represents a $2.00 annualized dividend and a dividend yield of 0.36%. Meta Platforms's payout ratio is 9.42%.

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.