Meta Platforms, Inc. (NASDAQ:META) Stock Holdings Lessened by AEGON ASSET MANAGEMENT UK Plc

AEGON ASSET MANAGEMENT UK Plc decreased its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 0.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 217,677 shares of the social networking company's stock after selling 1,744 shares during the period. Meta Platforms makes up approximately 1.7% of AEGON ASSET MANAGEMENT UK Plc's investment portfolio, making the stock its 9th largest position. AEGON ASSET MANAGEMENT UK Plc's holdings in Meta Platforms were worth $124,581,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC raised its position in shares of Meta Platforms by 57,001.5% during the third quarter. International Assets Investment Management LLC now owns 9,517,111 shares of the social networking company's stock worth $5,447,975,000 after purchasing an additional 9,500,444 shares during the period. Capital Research Global Investors grew its position in Meta Platforms by 14.5% in the first quarter. Capital Research Global Investors now owns 34,597,001 shares of the social networking company's stock valued at $16,799,612,000 after purchasing an additional 4,379,826 shares in the last quarter. Sustainable Growth Advisers LP bought a new position in Meta Platforms in the 2nd quarter valued at about $595,152,000. Vanguard Group Inc. raised its stake in shares of Meta Platforms by 0.4% during the first quarter. Vanguard Group Inc. now owns 187,180,393 shares of the social networking company's stock valued at $90,891,055,000 after acquiring an additional 831,047 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its position in Meta Platforms by 30.0% during the first quarter. Canada Pension Plan Investment Board now owns 3,411,009 shares of the social networking company's stock worth $1,656,318,000 after purchasing an additional 788,131 shares during the period. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Meta Platforms

In other news, CEO Mark Zuckerberg sold 84 shares of the company's stock in a transaction on Monday, October 14th. The shares were sold at an average price of $600.00, for a total value of $50,400.00. Following the completion of the sale, the chief executive officer now owns 518,424 shares of the company's stock, valued at approximately $311,054,400. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Susan J. Li sold 8,950 shares of the company's stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $526.76, for a total value of $4,714,502.00. Following the completion of the sale, the chief financial officer now owns 74,579 shares in the company, valued at $39,285,234.04. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mark Zuckerberg sold 84 shares of the business's stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $600.00, for a total transaction of $50,400.00. Following the completion of the transaction, the chief executive officer now directly owns 518,424 shares of the company's stock, valued at approximately $311,054,400. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 211,416 shares of company stock worth $112,638,243 in the last 90 days. Corporate insiders own 13.71% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Cantor Fitzgerald restated an "overweight" rating and issued a $670.00 price objective on shares of Meta Platforms in a research note on Wednesday, October 16th. Rosenblatt Securities reiterated a "buy" rating and set a $811.00 price target on shares of Meta Platforms in a research note on Thursday, October 31st. Barclays upped their price objective on shares of Meta Platforms from $550.00 to $630.00 and gave the company an "overweight" rating in a research note on Thursday, October 31st. KeyCorp raised their target price on Meta Platforms from $560.00 to $655.00 and gave the company an "overweight" rating in a research report on Wednesday, October 9th. Finally, TD Cowen raised their price target on shares of Meta Platforms from $600.00 to $675.00 and gave the stock a "buy" rating in a research report on Thursday, October 17th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $634.10.

Meta Platforms Stock Performance

META stock traded up $1.65 during trading on Tuesday, reaching $584.82. The stock had a trading volume of 16,221,841 shares, compared to its average volume of 15,090,698. The firm has a market cap of $1.48 trillion, a PE ratio of 27.64, a PEG ratio of 1.30 and a beta of 1.22. The stock's 50 day moving average is $563.02 and its two-hundred day moving average is $517.29. Meta Platforms, Inc. has a 52 week low of $313.66 and a 52 week high of $602.95. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 0.18.

Meta Platforms (NASDAQ:META - Get Free Report) last released its earnings results on Wednesday, October 30th. The social networking company reported $6.03 EPS for the quarter, topping the consensus estimate of $5.19 by $0.84. The firm had revenue of $40.59 billion during the quarter, compared to analysts' expectations of $40.21 billion. Meta Platforms had a return on equity of 35.60% and a net margin of 35.55%. As a group, equities analysts anticipate that Meta Platforms, Inc. will post 22.53 earnings per share for the current year.

Meta Platforms Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Monday, September 16th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date was Monday, September 16th. Meta Platforms's payout ratio is presently 9.42%.

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.