<div id="readability-page-1"><p>Tandem Investment Advisors Inc. acquired a new stake in  Meta Platforms, Inc. (NASDAQ:META - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 1,166 shares of the social networking company's stock, valued at approximately $672,000.</p><div><p><span></span><span>Get <strong>Meta Platforms</strong> alerts:</span></p></div><ul><li>Insider Selling at NVIDIA Could Turn Into an Opportunity </li></ul><p>Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Valley Financial Group Inc. lifted its stake in shares of  Meta Platforms by 2.4% in the 4th quarter. Valley Financial Group Inc. now owns 588 shares of the social networking company's stock worth $344,000 after acquiring an additional 14 shares during the period.  Lantern Wealth Advisors LLC lifted its stake in shares of  Meta Platforms by 0.5% in the fourth quarter. Lantern Wealth Advisors LLC now owns 2,976 shares of the social networking company's stock valued at $1,743,000 after purchasing an additional 14 shares during the period.  Maiden Cove Capital LLC lifted its stake in shares of  Meta Platforms by 3.2% in the fourth quarter. Maiden Cove Capital LLC now owns 481 shares of the social networking company's stock valued at $282,000 after purchasing an additional 15 shares during the period.  Riverwater Partners LLC lifted its stake in shares of  Meta Platforms by 2.7% in the fourth quarter. Riverwater Partners LLC now owns 572 shares of the social networking company's stock valued at $335,000 after purchasing an additional 15 shares during the period.  Finally, ABLE Financial Group LLC lifted its stake in shares of  Meta Platforms by 0.7% in the fourth quarter. ABLE Financial Group LLC now owns 2,136 shares of the social networking company's stock valued at $1,251,000 after purchasing an additional 15 shares during the period. 79.91% of the stock is owned by institutional investors and hedge funds. </p><h2>Meta Platforms Stock Performance</h2><p>NASDAQ:META opened at $718.35 on Tuesday. Meta Platforms, Inc. has a twelve month low of $442.65 and a twelve month high of $747.90. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.16. The company has a 50-day moving average of $662.26 and a 200-day moving average of $631.21. The firm has a market cap of $1.81 trillion, a price-to-earnings ratio of 28.02, a price-to-earnings-growth ratio of 1.76 and a beta of 1.28. </p><ul><li>IGM ETF: Expand Tech Exposure With Top AI Leaders</li></ul><p>Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The social networking company reported $6.43 EPS for the quarter, beating analysts' consensus estimates of $5.33 by $1.10. Meta Platforms had a net margin of 39.11% and a return on equity of 38.69%. The company had revenue of $42.31 billion during the quarter, compared to analyst estimates of $41.45 billion. During the same period in the prior year, the firm earned $4.71 earnings per share. The business's quarterly revenue was up 16.1% on a year-over-year basis.  Analysts forecast that  Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year. </p><h2>Meta Platforms Announces Dividend</h2><p>The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Monday, June 16th were paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date of this dividend  was Monday, June 16th. Meta Platforms's dividend payout ratio  is presently 8.19%. </p><h2>Analysts Set New Price Targets</h2><ul><li>MarketBeat Week in Review – 06/23 - 6/27</li></ul><p>Several research firms have weighed in on META. Loop Capital raised their target price on shares of Meta Platforms from $695.00 to $888.00 and gave the company a &#34;buy&#34; rating in a report on Friday, May 16th. DA Davidson dropped their target price on shares of Meta Platforms from $800.00 to $650.00 and set a &#34;buy&#34; rating for the company in a report on Monday, April 14th. Susquehanna lowered their price target on shares of Meta Platforms from $800.00 to $700.00 and set a &#34;positive&#34; rating for the company in a report on Thursday, May 1st. Citigroup lifted their price target on shares of Meta Platforms from $690.00 to $803.00 and gave the stock a &#34;buy&#34; rating in a report on Tuesday, June 24th. Finally, Raymond James Financial lowered their price target on shares of Meta Platforms from $800.00 to $750.00 and set a &#34;strong-buy&#34; rating for the company in a report on Thursday, May 1st. Five research analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have issued  a strong buy rating to the company. According to MarketBeat, Meta Platforms currently has a consensus rating of &#34;Moderate Buy&#34; and an average target price of $719.29.</p><p><b>Check Out Our Latest Analysis on META</b></p><h2>Insider Buying and Selling at Meta Platforms</h2><p>In other news, insider Jennifer Newstead sold 519 shares of the stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $737.00, for a total value of $382,503.00. Following the completion of the sale, the insider directly owned 27,626 shares of the company's stock, valued at $20,360,362. This represents a 1.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities &amp; Exchange Commission, which can be accessed through this link. Also, CEO Mark Zuckerberg sold 2,361 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $716.48, for a total transaction of $1,691,609.28. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 152,756 shares of company stock valued at $104,720,878. 13.61% of the stock is currently owned by corporate insiders. </p><h2>About Meta Platforms</h2> (Free Report)<p>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.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than Meta Platforms</li><li>Natural Gas Prices Continue To Rally, These Stocks Should Benefit</li><li>CoreWeave's $9 Billion Power Play for Core Scientific</li><li>Mastering Discipline: Overcoming Emotional Challenges In Trading</li><li>Micron Insiders Sell But Investors Should Buy, Buy, Buy</li><li>3 Defense Stocks Set to Benefit From Increased Military Spending</li><li>ExxonMobil: Limited Risk and Lots of Reward With This Oil Play</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9TUVUQQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9TUVUQQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Meta Platforms Right Now?</h2><p>Before you consider Meta Platforms, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Meta Platforms wasn't on the list.</p><p>While Meta Platforms currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

Tandem Investment Advisors Inc. Acquires Shares of 1,166 Meta Platforms, Inc. (NASDAQ:META)