Mirabella Financial Services LLP Makes New $11.92 Million Investment in Meta Platforms, Inc. (NASDAQ:META)

Mirabella Financial Services LLP acquired a new stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,366 shares of the social networking company's stock, valued at approximately $11,918,000. Meta Platforms comprises about 1.1% of Mirabella Financial Services LLP's investment portfolio, making the stock its 22nd biggest holding.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Meta Platforms by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 191,198,005 shares of the social networking company's stock valued at $111,948,344,000 after buying an additional 1,502,553 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Meta Platforms by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 49,181,127 shares of the social networking company's stock worth $28,719,970,000 after buying an additional 1,020,519 shares in the last quarter. Capital World Investors boosted its position in shares of Meta Platforms by 2.9% in the fourth quarter. Capital World Investors now owns 40,317,105 shares of the social networking company's stock valued at $23,606,338,000 after acquiring an additional 1,141,355 shares during the period. Norges Bank purchased a new position in Meta Platforms during the fourth quarter valued at approximately $19,949,512,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in Meta Platforms by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 14,251,766 shares of the social networking company's stock worth $8,344,552,000 after acquiring an additional 424,201 shares during the period. Institutional investors own 79.91% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on META shares. Wells Fargo & Company boosted their price target 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. Citigroup decreased their target price on Meta Platforms from $780.00 to $655.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Susquehanna lifted their price target on Meta Platforms from $675.00 to $800.00 and gave the company a "positive" rating in a research report on Thursday, January 30th. Rosenblatt Securities restated a "buy" rating and issued a $811.00 price objective on shares of Meta Platforms in a research report on Monday, January 27th. Finally, Morgan Stanley dropped their target price on shares of Meta Platforms from $660.00 to $615.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Two 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $676.55.

Insider Buying and Selling at Meta Platforms

In related news, insider Jennifer Newstead sold 905 shares of the stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $666.00, for a total value of $602,730.00. Following the sale, the insider now directly owns 29,295 shares of the company's stock, valued at $19,510,470. This represents a 3.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Christopher K. Cox sold 20,000 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $677.71, for a total value of $13,554,200.00. Following the transaction, the insider now owns 308,686 shares of the company's stock, valued at $209,199,589.06. This trade represents a 6.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 342,662 shares of company stock worth $237,476,709 over the last quarter. Insiders own 13.71% of the company's stock.

Meta Platforms Trading Up 4.1 %

Shares of NASDAQ:META traded up $20.51 during trading on Wednesday, reaching $520.79. The company's stock had a trading volume of 18,111,310 shares, compared to its average volume of 17,680,973. The stock has a market capitalization of $1.32 trillion, a PE ratio of 21.77, a price-to-earnings-growth ratio of 1.42 and a beta of 1.28. Meta Platforms, Inc. has a 12 month low of $414.50 and a 12 month high of $740.91. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.16. The firm's 50 day simple moving average is $598.76 and its two-hundred day simple moving average is $605.69.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The social networking company reported $8.02 earnings per share (EPS) 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 quarter in the prior year, the firm earned $5.33 EPS. On average, research analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th were paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 0.40%. 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. Meta Platforms's payout ratio is presently 8.78%.

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.