Meta Platforms, Inc. (NASDAQ:META) is Insight Holdings Group LLC's 9th Largest Position

Insight Holdings Group LLC lowered its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 27.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 97,240 shares of the social networking company's stock after selling 36,890 shares during the period. Meta Platforms accounts for approximately 3.7% of Insight Holdings Group LLC's holdings, making the stock its 9th biggest holding. Insight Holdings Group LLC's holdings in Meta Platforms were worth $56,935,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of META. Millstone Evans Group LLC acquired a new stake in shares of Meta Platforms during the 4th quarter valued at approximately $40,000. Avondale Wealth Management bought a new stake in Meta Platforms during the fourth quarter valued at $41,000. WealthTrak Capital Management LLC acquired a new stake in shares of Meta Platforms during the fourth quarter worth $43,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of Meta Platforms in the 4th quarter worth about $45,000. Finally, Cordant Inc. acquired a new position in shares of Meta Platforms in the 4th quarter valued at about $59,000. Institutional investors own 79.91% of the company's stock.

Insider Activity

In other Meta Platforms news, CTO Andrew Bosworth sold 5,060 shares of the business's stock in a transaction dated Saturday, February 15th. The stock was sold at an average price of $736.67, for a total value of $3,727,550.20. Following the completion of the transaction, the chief technology officer now directly owns 5,139 shares of the company's stock, valued at approximately $3,785,747.13. The trade was a 49.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jennifer Newstead sold 905 shares of the business's stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $666.00, for a total value of $602,730.00. Following the completion of the sale, the insider now owns 29,295 shares in the company, valued at $19,510,470. The trade was a 3.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 285,289 shares of company stock valued at $200,201,352 over the last 90 days. 13.71% of the stock is owned by company insiders.

Meta Platforms Stock Performance

NASDAQ META opened at $547.27 on Monday. The company has a 50 day moving average of $587.00 and a 200-day moving average of $604.68. Meta Platforms, Inc. has a 1-year low of $427.11 and a 1-year high of $740.91. The firm has a market cap of $1.39 trillion, a price-to-earnings ratio of 22.88, a PEG 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.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share for the quarter, beating analysts' consensus estimates 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 period last year, the firm earned $5.33 earnings per share. On average, equities analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th were paid a $0.525 dividend. This is a boost from Meta Platforms's previous quarterly dividend of $0.50. This represents a $2.10 annualized dividend and a dividend yield of 0.38%. The ex-dividend date was Friday, March 14th. Meta Platforms's dividend payout ratio (DPR) is 8.78%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on META shares. Wolfe Research raised their price target on Meta Platforms from $670.00 to $730.00 and gave the stock an "outperform" rating in a report on Friday, January 3rd. Robert W. Baird boosted their price target on Meta Platforms from $680.00 to $750.00 and gave the stock an "outperform" rating in a research report on Thursday, January 30th. Tigress Financial reissued a "strong-buy" rating on shares of Meta Platforms in a research note on Tuesday, February 11th. Rosenblatt Securities restated a "buy" rating and set a $811.00 price objective on shares of Meta Platforms in a research note on Monday, January 27th. Finally, Stifel Nicolaus decreased their target price on shares of Meta Platforms from $740.00 to $628.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Two equities 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 given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $679.02.

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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