Titan Global Capital Management USA LLC Has $24.51 Million Position in Meta Platforms, Inc. (NASDAQ:META)

Titan Global Capital Management USA LLC decreased its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 2.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 41,852 shares of the social networking company's stock after selling 1,107 shares during the period. Meta Platforms comprises 3.7% of Titan Global Capital Management USA LLC's portfolio, making the stock its 12th biggest position. Titan Global Capital Management USA LLC's holdings in Meta Platforms were worth $24,505,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of META. Ballentine Partners LLC increased its position in Meta Platforms by 1.4% in the 4th quarter. Ballentine Partners LLC now owns 58,218 shares of the social networking company's stock valued at $34,087,000 after acquiring an additional 808 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of Meta Platforms by 0.6% in the fourth quarter. UMB Bank n.a. now owns 140,585 shares of the social networking company's stock valued at $82,314,000 after purchasing an additional 897 shares in the last quarter. Brueske Advisory Services LLC bought a new position in Meta Platforms in the 4th quarter worth approximately $459,000. Apollon Financial LLC lifted its holdings in Meta Platforms by 11.1% during the 4th quarter. Apollon Financial LLC now owns 1,479 shares of the social networking company's stock worth $866,000 after buying an additional 148 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its position in Meta Platforms by 1.7% in the 4th quarter. Fisher Asset Management LLC now owns 6,675,174 shares of the social networking company's stock valued at $3,908,382,000 after buying an additional 110,040 shares during the last quarter. Institutional investors own 79.91% of the company's stock.

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Wall Street Analyst Weigh In

META has been the subject of a number of recent research reports. Royal Bank of Canada boosted their target price on 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 restated an "underperform" rating on shares of Meta Platforms in a research report on Monday, January 27th. Bank of America lowered their price target on shares of Meta Platforms from $765.00 to $640.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. DA Davidson reduced their price objective on shares of Meta Platforms from $800.00 to $650.00 and set a "buy" rating on the stock in a research note on Monday. Finally, Morgan Stanley lifted their target price on shares of Meta Platforms from $600.00 to $660.00 and gave the stock an "overweight" rating in a report on Monday, January 13th. 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 given a strong buy rating to the company. Based on data from MarketBeat.com, Meta Platforms has an average rating of "Moderate Buy" and a consensus price target of $692.93.

Insiders Place Their Bets

In related news, COO Javier Olivan sold 4,706 shares of the company's stock in a transaction dated 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 transaction, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jennifer Newstead sold 905 shares of Meta Platforms stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $604.54, for a total transaction of $547,108.70. Following the completion of the sale, the insider now owns 31,105 shares of the company's stock, valued at $18,804,216.70. This trade represents a 2.83 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 451,119 shares of company stock valued at $304,709,239 over the last ninety days. 13.71% of the stock is currently owned by company insiders.

Meta Platforms Stock Down 2.2 %

Shares of NASDAQ META traded down $12.09 during trading hours on Monday, hitting $531.48. The company had a trading volume of 14,042,366 shares, compared to its average volume of 14,773,770. The stock has a market capitalization of $1.35 trillion, a P/E ratio of 22.22, a price-to-earnings-growth ratio of 1.42 and a beta of 1.28. Meta Platforms, Inc. has a 1-year low of $414.50 and a 1-year high of $740.91. The firm's 50 day moving average is $628.35 and its 200-day moving average is $609.40. 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 results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share for the quarter, topping 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 quarter in the prior year, the firm earned $5.33 EPS. On average, analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Increases Dividend

The firm 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 is an increase 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 yield of 0.40%. Meta Platforms's dividend payout ratio (DPR) is currently 8.78%.

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.