Landscape Capital Management L.L.C. Sells 1,505 Shares of Meta Platforms, Inc. (NASDAQ:META)

Landscape Capital Management L.L.C. decreased its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 18.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,468 shares of the social networking company's stock after selling 1,505 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in Meta Platforms were worth $3,787,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Norges Bank bought a new position in Meta Platforms in the 4th quarter worth $19,949,512,000. Proficio Capital Partners LLC increased its position in shares of Meta Platforms by 78,471.1% during the fourth quarter. Proficio Capital Partners LLC now owns 6,248,763 shares of the social networking company's stock valued at $3,658,713,000 after buying an additional 6,240,810 shares during the period. Raymond James Financial Inc. bought a new position in Meta Platforms in the fourth quarter worth about $2,243,603,000. Arrowstreet Capital Limited Partnership lifted its holdings in Meta Platforms by 27.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 8,901,521 shares of the social networking company's stock worth $5,211,967,000 after buying an additional 1,892,509 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in Meta Platforms by 0.8% in 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. Hedge funds and other institutional investors own 79.91% of the company's stock.

Remove Ads

Meta Platforms Stock Performance

NASDAQ META traded down $26.89 during trading hours on Friday, hitting $504.73. 38,506,424 shares of the company's stock traded hands, compared to its average volume of 14,428,284. Meta Platforms, Inc. has a 52 week low of $414.50 and a 52 week high of $740.91. The firm has a market capitalization of $1.28 trillion, a P/E ratio of 21.10, a P/E/G ratio of 1.42 and a beta of 1.28. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.16. The business's fifty day moving average price is $648.15 and its two-hundred day moving average price is $609.75.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The social networking company reported $8.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 prior year, the business posted $5.33 earnings per share. Equities research analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current 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 issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 0.42%. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from Meta Platforms's previous quarterly dividend of $0.50. Meta Platforms's payout ratio is currently 8.78%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on META. Mizuho raised their target price on Meta Platforms from $675.00 to $750.00 and gave the company an "outperform" rating in a research note on Thursday, January 30th. Argus set a $775.00 target price on shares of Meta Platforms in a report on Tuesday, February 4th. Royal Bank of Canada upped their target price on shares of Meta Platforms from $700.00 to $800.00 and gave the stock an "outperform" rating in a research report on Thursday, January 30th. Needham & Company LLC reissued an "underperform" rating on shares of Meta Platforms in a research report on Monday, January 27th. Finally, Barclays upped their price objective on shares of Meta Platforms from $630.00 to $705.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, thirty-five have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Meta Platforms has an average rating of "Moderate Buy" and an average target price of $718.55.

Insiders Place Their Bets

In other Meta Platforms news, COO Javier Olivan sold 4,706 shares of the company's stock in a transaction that occurred on Saturday, February 15th. The shares were sold at an average price of $736.67, for a total value of $3,466,769.02. Following the completion of the transaction, the chief operating officer now directly owns 20,935 shares in the company, valued at $15,422,186.45. This represents a 18.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Andrew Bosworth sold 5,060 shares of the firm's stock in a transaction on Saturday, February 15th. The shares were sold at an average price of $736.67, for a total transaction of $3,727,550.20. Following the sale, the chief technology officer now owns 5,139 shares in the company, valued at $3,785,747.13. The trade was a 49.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 549,113 shares of company stock worth $364,668,246 over the last quarter. 13.71% of the stock is currently owned by corporate insiders.

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.