Bryn Mawr Capital Management LLC Has $6.88 Million Stake in Meta Platforms, Inc. (NASDAQ:META)

Bryn Mawr Capital Management LLC decreased its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 53.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,742 shares of the social networking company's stock after selling 13,704 shares during the period. Bryn Mawr Capital Management LLC's holdings in Meta Platforms were worth $6,875,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in META. Integrated Investment Consultants LLC raised its holdings in shares of Meta Platforms by 61,769.3% during the third quarter. Integrated Investment Consultants LLC now owns 4,132,870 shares of the social networking company's stock valued at $2,365,820,000 after purchasing an additional 4,126,190 shares during the period. Strategic Financial Concepts LLC lifted its position in shares of Meta Platforms by 87,269.8% during the fourth quarter. Strategic Financial Concepts LLC now owns 1,067,659 shares of the social networking company's stock valued at $625,125,000 after purchasing an additional 1,066,437 shares in the last quarter. World Investment Advisors LLC boosted its stake in shares of Meta Platforms by 4,658.5% in the 3rd quarter. World Investment Advisors LLC now owns 909,548 shares of the social networking company's stock worth $520,662,000 after buying an additional 890,434 shares during the last quarter. Geode Capital Management LLC boosted its position in Meta Platforms by 1.5% in the third quarter. Geode Capital Management LLC now owns 48,160,608 shares of the social networking company's stock worth $27,470,870,000 after purchasing an additional 698,884 shares during the last quarter. Finally, National Pension Service increased its holdings in Meta Platforms by 14.6% during the third quarter. National Pension Service now owns 4,318,046 shares of the social networking company's stock worth $2,471,822,000 after buying an additional 550,852 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors.

Meta Platforms Trading Down 1.6 %

Shares of META opened at $657.50 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.98 and a quick ratio of 2.98. The company has a 50 day simple moving average of $648.73 and a two-hundred day simple moving average of $594.06. Meta Platforms, Inc. has a 1 year low of $414.50 and a 1 year high of $740.91. The firm has a market cap of $1.67 trillion, a P/E ratio of 27.49, a price-to-earnings-growth ratio of 1.42 and a beta of 1.20.

Meta Platforms (NASDAQ:META - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share for the quarter, beating the consensus estimate of $6.75 by $1.27. Meta Platforms had a return on equity of 38.17% and a net margin of 37.91%. During the same quarter in the previous year, the firm posted $5.33 earnings per share. On average, equities analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.525 per share. This is a boost from Meta Platforms's previous quarterly dividend of $0.50. This represents a $2.10 annualized dividend and a yield of 0.32%. The ex-dividend date of this dividend is Friday, March 14th. Meta Platforms's payout ratio is presently 8.78%.

Analysts Set New Price Targets

META has been the subject of several research reports. Needham & Company LLC reiterated an "underperform" rating on shares of Meta Platforms in a research note on Monday, January 27th. Wells Fargo & Company upped their target price on Meta Platforms from $685.00 to $752.00 and gave the stock an "overweight" rating in a research note on Thursday, January 30th. DA Davidson raised their price target on Meta Platforms from $700.00 to $800.00 and gave the company a "buy" rating in a research report on Thursday, January 30th. Tigress Financial reaffirmed a "strong-buy" rating on shares of Meta Platforms in a research note on Tuesday, February 11th. Finally, Raymond James reissued a "strong-buy" rating and issued a $800.00 price target (up previously from $725.00) on shares of Meta Platforms in a report on Thursday, January 30th. Two equities research 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 assigned a strong buy rating to the company's stock. According to MarketBeat.com, Meta Platforms has a consensus rating of "Moderate Buy" and an average price target of $719.26.

Insider Activity

In other news, COO Javier Olivan sold 4,706 shares of the stock in a transaction that occurred on Saturday, February 15th. The stock was sold at an average price of $736.67, for a total value of $3,466,769.02. Following the sale, the chief operating officer now directly owns 20,935 shares in the company, valued at approximately $15,422,186.45. This represents a 18.35 % 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, insider Jennifer Newstead sold 902 shares of the business's stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $713.32, for a total transaction of $643,414.64. Following the sale, the insider now directly owns 27,488 shares of the company's stock, valued at $19,607,740.16. This represents a 3.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 812,422 shares of company stock valued at $525,534,818. 13.71% of the stock is currently owned by insiders.

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.

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