Meta Platforms, Inc. (NASDAQ:META) Shares Sold by Edmond DE Rothschild Holding S.A.

Edmond DE Rothschild Holding S.A. cut its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 22.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,093 shares of the social networking company's stock after selling 8,951 shares during the period. Edmond DE Rothschild Holding S.A.'s holdings in Meta Platforms were worth $18,206,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its stake in Meta Platforms by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 191,198,005 shares of the social networking company's stock worth $111,948,344,000 after buying an additional 1,502,553 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Meta Platforms by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 48,160,608 shares of the social networking company's stock worth $27,470,870,000 after acquiring an additional 698,884 shares during the last quarter. Norges Bank purchased a new position in shares of Meta Platforms during the 4th quarter worth about $19,949,512,000. Charles Schwab Investment Management Inc. grew its holdings in Meta Platforms by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 14,251,766 shares of the social networking company's stock valued at $8,344,552,000 after purchasing an additional 424,201 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in Meta Platforms by 27.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 8,901,521 shares of the social networking company's stock worth $5,211,967,000 after purchasing an additional 1,892,509 shares during the period. 79.91% of the stock is owned by institutional investors.

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Insider Buying and Selling at Meta Platforms

In related news, insider Jennifer Newstead sold 905 shares of the firm's stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $631.55, for a total transaction of $571,552.75. Following the sale, the insider now directly owns 32,010 shares of the company's stock, valued at $20,215,915.50. This trade represents a 2.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mark Zuckerberg sold 55,589 shares of the business's stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $717.72, for a total value of $39,897,337.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 583,505 shares of company stock worth $385,495,911. Insiders own 13.71% of the company's stock.

Meta Platforms Stock Performance

Shares of Meta Platforms stock traded down $2.07 on Wednesday, reaching $583.93. 12,678,234 shares of the stock were exchanged, compared to its average volume of 14,274,380. The business has a 50 day moving average price of $653.89 and a two-hundred day moving average price of $610.68. The firm has a market capitalization of $1.48 trillion, a price-to-earnings ratio of 24.41, a PEG ratio of 1.42 and a beta of 1.28. Meta Platforms, Inc. has a twelve month low of $414.50 and a twelve month high of $740.91. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.16.

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

Meta Platforms Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th were given a dividend of $0.525 per share. This is an increase from Meta Platforms's previous quarterly dividend of $0.50. This represents a $2.10 annualized dividend and a yield of 0.36%. The ex-dividend date was Friday, March 14th. Meta Platforms's dividend payout ratio (DPR) is currently 8.78%.

Analysts Set New Price Targets

Several research analysts have issued reports on META shares. UBS Group boosted their target price on Meta Platforms from $736.00 to $786.00 and gave the company a "buy" rating in a research report on Thursday, January 30th. Bank of America upped their price objective on Meta Platforms from $710.00 to $765.00 and gave the company a "buy" rating in a research report on Thursday, January 30th. Scotiabank lifted their target price on Meta Platforms from $583.00 to $627.00 and gave the stock a "sector perform" rating in a research report on Thursday, January 30th. JPMorgan Chase & Co. upped their price target on shares of Meta Platforms from $660.00 to $725.00 and gave the stock an "overweight" rating in a report on Wednesday, December 18th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $811.00 price target on shares of Meta Platforms in a research note on Monday, January 27th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-five have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $718.55.

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.