Meta Platforms, Inc. (NASDAQ:META) Shares Sold by Atmos Capital Gestao DE Recursos LTDA.

Atmos Capital Gestao DE Recursos LTDA. cut its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 46.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 83,671 shares of the social networking company's stock after selling 73,136 shares during the period. Meta Platforms makes up about 10.6% of Atmos Capital Gestao DE Recursos LTDA.'s portfolio, making the stock its 5th biggest holding. Atmos Capital Gestao DE Recursos LTDA.'s holdings in Meta Platforms were worth $48,990,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in META. Millstone Evans Group LLC bought a new stake in shares of Meta Platforms in the 4th quarter worth about $40,000. Avondale Wealth Management purchased a new stake in Meta Platforms in the 4th quarter worth about $41,000. WealthTrak Capital Management LLC bought a new stake in Meta Platforms in the fourth quarter worth about $43,000. Cordant Inc. bought a new position in shares of Meta Platforms during the fourth quarter valued at approximately $59,000. Finally, Conquis Financial LLC purchased a new stake in shares of Meta Platforms in the fourth quarter worth approximately $59,000. Hedge funds and other institutional investors own 79.91% of the company's stock.

Meta Platforms Price Performance

NASDAQ META traded up $14.12 during trading hours on Friday, reaching $547.27. The company's stock had a trading volume of 17,064,639 shares, compared to its average volume of 14,720,349. The firm has a market capitalization of $1.39 trillion, a price-to-earnings ratio of 22.88, a P/E/G ratio of 1.42 and a beta of 1.28. The company's 50-day moving average is $590.37 and its two-hundred day moving average is $604.75. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.98 and a quick ratio of 2.98. Meta Platforms, Inc. has a 1-year low of $414.50 and a 1-year high of $740.91.

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, topping 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 prior year, the business posted $5.33 earnings per share. On average, equities analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Increases Dividend

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

Analyst Ratings Changes

A number of research firms have weighed in on META. Royal Bank of Canada increased their target price on Meta Platforms from $700.00 to $800.00 and gave the stock an "outperform" rating in a research note on Thursday, January 30th. The Goldman Sachs Group reduced their price target on shares of Meta Platforms from $765.00 to $685.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Morgan Stanley dropped their target price on shares of Meta Platforms from $660.00 to $615.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Rosenblatt Securities reissued a "buy" rating and issued a $811.00 price objective on shares of Meta Platforms in a research note on Monday, January 27th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $750.00 target price on shares of Meta Platforms in a research report on Monday, January 27th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-six have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Meta Platforms has a consensus rating of "Moderate Buy" and an average target price of $676.55.

Insider Transactions at Meta Platforms

In other Meta Platforms news, insider Jennifer Newstead sold 921 shares of the stock in a transaction that occurred on Tuesday, April 22nd. The stock was sold at an average price of $491.87, for a total transaction of $453,012.27. Following the completion of the transaction, the insider now owns 27,498 shares of the company's stock, valued at $13,525,441.26. This represents a 3.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Javier Olivan sold 406 shares of Meta Platforms stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $491.69, for a total value of $199,626.14. Following the completion of the sale, the chief operating officer now directly owns 4,608 shares in the company, valued at $2,265,707.52. This represents a 8.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 308,068 shares of company stock valued at $214,968,924 over the last 90 days. Corporate insiders own 13.71% of the company's stock.

Meta Platforms 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.