Tokio Marine Asset Management Co. Ltd. lifted its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 41.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 85,759 shares of the social networking company's stock after purchasing an additional 24,961 shares during the quarter. Meta Platforms comprises about 1.8% of Tokio Marine Asset Management Co. Ltd.'s holdings, making the stock its 10th largest holding. Tokio Marine Asset Management Co. Ltd.'s holdings in Meta Platforms were worth $50,213,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC raised its position in shares of Meta Platforms by 57,001.5% during the 3rd quarter. International Assets Investment Management LLC now owns 9,517,111 shares of the social networking company's stock valued at $5,447,975,000 after buying an additional 9,500,444 shares during the period. Integrated Investment Consultants LLC increased its stake in Meta Platforms by 61,769.3% during the third quarter. Integrated Investment Consultants LLC now owns 4,132,870 shares of the social networking company's stock worth $2,365,820,000 after acquiring an additional 4,126,190 shares during the last quarter. World Investment Advisors LLC raised its position in Meta Platforms by 4,658.5% in the third quarter. World Investment Advisors LLC now owns 909,548 shares of the social networking company's stock valued at $520,662,000 after purchasing an additional 890,434 shares during the period. Geode Capital Management LLC lifted its stake in shares of Meta Platforms by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 48,160,608 shares of the social networking company's stock valued at $27,470,870,000 after purchasing an additional 698,884 shares during the last quarter. Finally, National Pension Service grew its holdings in shares of Meta Platforms by 14.6% during the 3rd quarter. National Pension Service now owns 4,318,046 shares of the social networking company's stock worth $2,471,822,000 after purchasing an additional 550,852 shares during the period. Hedge funds and other institutional investors own 79.91% of the company's stock.
Meta Platforms Stock Performance
Shares of META traded up $7.12 during mid-day trading on Thursday, reaching $711.99. 13,054,587 shares of the company's stock were exchanged, compared to its average volume of 16,001,145. The business's fifty day simple moving average is $621.57 and its 200-day simple moving average is $571.15. Meta Platforms, Inc. has a 52-week low of $414.50 and a 52-week high of $718.90. The stock has a market capitalization of $1.80 trillion, a PE ratio of 29.77, a price-to-earnings-growth ratio of 1.47 and a beta of 1.20. 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 (NASDAQ:META - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The social networking company reported $8.02 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 period last year, the firm earned $5.33 EPS. On average, equities research analysts expect that Meta Platforms, Inc. will post 25.94 earnings per share for the current year.
Meta Platforms Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were given a dividend of $0.50 per share. The ex-dividend date was Monday, December 16th. This represents a $2.00 dividend on an annualized basis and a yield of 0.28%. Meta Platforms's payout ratio is 8.36%.
Insider Buying and Selling at Meta Platforms
In other news, COO Javier Olivan sold 413 shares of the firm's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $562.77, for a total value of $232,424.01. Following the completion of the sale, the chief operating officer now owns 19,579 shares in the company, valued at approximately $11,018,473.83. This trade represents a 2.07 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Nicholas Clegg sold 7,296 shares of the business's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $553.48, for a total transaction of $4,038,190.08. Following the transaction, the insider now owns 38,695 shares in the company, valued at approximately $21,416,908.60. This trade represents a 15.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 700,241 shares of company stock worth $434,752,368. 13.71% of the stock is currently owned by insiders.
Analyst Ratings Changes
A number of research analysts have commented on META shares. Wells Fargo & Company upped their target price on shares of Meta Platforms from $685.00 to $752.00 and gave the company an "overweight" rating in a research report on Thursday, January 30th. Jefferies Financial Group upped their price objective on shares of Meta Platforms from $675.00 to $715.00 and gave the stock a "buy" rating in a report on Monday, January 6th. Hsbc Global Res upgraded shares of Meta Platforms to a "hold" rating in a report on Thursday, October 24th. KeyCorp upped their price target on Meta Platforms from $700.00 to $750.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 29th. Finally, Cantor Fitzgerald lifted their price objective on Meta Platforms from $720.00 to $790.00 and gave the company an "overweight" rating in a research note on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-five have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $710.83.
Check Out Our Latest Stock Analysis on META
About Meta Platforms
(
Free Report)
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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