Rothschild Capital Partners LLC purchased a new stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,570 shares of the social networking company's stock, valued at approximately $1,505,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Meta Platforms during the 4th quarter worth $19,949,512,000. Proficio Capital Partners LLC grew its stake in shares of Meta Platforms by 78,471.1% during the 4th quarter. Proficio Capital Partners LLC now owns 6,248,763 shares of the social networking company's stock worth $3,658,713,000 after purchasing an additional 6,240,810 shares during the period. Raymond James Financial Inc. acquired a new stake in Meta Platforms in the 4th quarter valued at $2,243,603,000. Arrowstreet Capital Limited Partnership lifted its holdings in Meta Platforms by 27.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 8,901,521 shares of the social networking company's stock valued at $5,211,967,000 after purchasing an additional 1,892,509 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Meta Platforms by 0.8% in 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 purchasing an additional 1,502,553 shares in the last quarter. 79.91% of the stock is owned by institutional investors.
Insider Buying and Selling at Meta Platforms
In other Meta Platforms news, CTO Andrew Bosworth sold 5,060 shares of the business's stock in a transaction on Saturday, February 15th. The shares were sold at an average price of $736.67, for a total transaction of $3,727,550.20. Following the completion of the sale, the chief technology officer now owns 5,139 shares in the company, valued at approximately $3,785,747.13. The trade was a 49.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Susan J. Li sold 8,553 shares of the firm's stock in a transaction that occurred on Saturday, February 15th. The shares were sold at an average price of $736.67, for a total value of $6,300,738.51. Following the completion of the transaction, the chief financial officer now owns 51,793 shares in the company, valued at $38,154,349.31. This represents a 14.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 285,289 shares of company stock valued at $200,201,352 in the last 90 days. 13.71% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
Several analysts recently issued reports on the stock. Arete Research upgraded shares of Meta Platforms to a "hold" rating in a report on Friday, January 24th. Royal Bank of Canada lifted their target price on shares of Meta Platforms from $700.00 to $800.00 and gave the company an "outperform" rating in a report on Thursday, January 30th. Robert W. Baird boosted their price objective on shares of Meta Platforms from $680.00 to $750.00 and gave the stock an "outperform" rating in a report on Thursday, January 30th. JMP Securities reiterated a "market outperform" rating and set a $750.00 target price on shares of Meta Platforms in a report on Monday, January 27th. Finally, Benchmark decreased their price objective on Meta Platforms from $820.00 to $640.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-five have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $681.95.
Check Out Our Latest Stock Report on Meta Platforms
Meta Platforms Trading Up 0.5 %
META traded up $2.47 during trading on Monday, reaching $549.74. The company had a trading volume of 15,120,869 shares, compared to its average volume of 17,595,260. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.98 and a current ratio of 2.98. Meta Platforms, Inc. has a 12-month low of $427.11 and a 12-month high of $740.91. The firm's 50-day simple moving average is $587.00 and its 200 day simple moving average is $604.68. The company has a market cap of $1.39 trillion, a price-to-earnings ratio of 22.98, a PEG ratio of 1.42 and a beta of 1.28.
Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business posted $5.33 EPS. Equities research analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.
Meta Platforms Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th were paid a $0.525 dividend. This is an increase from Meta Platforms's previous quarterly dividend of $0.50. The ex-dividend date 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 currently 8.78%.
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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