Sei Investments Co. Has $945.58 Million Position in Meta Platforms, Inc. (NASDAQ:META)

Sei Investments Co. increased its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 2.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,614,962 shares of the social networking company's stock after acquiring an additional 39,479 shares during the period. Meta Platforms comprises approximately 1.2% of Sei Investments Co.'s investment portfolio, making the stock its 8th largest holding. Sei Investments Co. owned 0.06% of Meta Platforms worth $945,581,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Ballentine Partners LLC boosted its holdings in shares of 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 buying an additional 808 shares during the last quarter. UMB Bank n.a. lifted its stake in 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 acquiring an additional 897 shares during the last quarter. Brueske Advisory Services LLC bought a new position in shares of Meta Platforms in the 4th quarter valued at about $459,000. Charles Schwab Investment Management Inc. increased its stake in shares of Meta Platforms by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 13,827,565 shares of the social networking company's stock worth $7,915,451,000 after purchasing an additional 118,298 shares during the last quarter. Finally, Apollon Financial LLC raised its holdings in shares of Meta Platforms by 11.1% in the 4th quarter. Apollon Financial LLC now owns 1,479 shares of the social networking company's stock valued at $866,000 after purchasing an additional 148 shares during the period. 79.91% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

META has been the subject of a number of research analyst reports. Wells Fargo & Company lifted their price target on Meta Platforms from $685.00 to $752.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. Bank of America boosted their target price on Meta Platforms from $710.00 to $765.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. Susquehanna raised their price target on Meta Platforms from $675.00 to $800.00 and gave the company a "positive" rating in a report on Thursday, January 30th. Pivotal Research upped their price objective on shares of Meta Platforms from $800.00 to $875.00 and gave the company a "buy" rating in a report on Thursday, January 30th. Finally, Oppenheimer increased their price objective on shares of Meta Platforms from $650.00 to $800.00 and gave the company an "outperform" rating in a research report on Thursday, January 30th. Two investment 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 issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $718.31.

Insider Buying and Selling at Meta Platforms

In related news, COO Javier Olivan sold 4,706 shares of Meta Platforms stock in a transaction that occurred on Saturday, February 15th. The shares were sold at an average price of $736.67, for a total transaction of $3,466,769.02. Following the sale, the chief operating officer now directly owns 20,935 shares in the company, valued at $15,422,186.45. This trade represents a 18.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jennifer Newstead sold 905 shares of the business's stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $591.76, for a total transaction of $535,542.80. Following the sale, the insider now directly owns 32,915 shares in the company, valued at $19,477,780.40. The trade was a 2.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 587,134 shares of company stock worth $387,661,862. 13.71% of the stock is currently owned by insiders.

Meta Platforms Price Performance

Shares of Meta Platforms stock traded down $8.40 during midday trading on Thursday, hitting $602.58. 10,412,777 shares of the company traded hands, compared to its average volume of 13,822,886. The firm's fifty day moving average price is $656.12 and its 200-day moving average price is $608.02. The stock has a market cap of $1.53 trillion, a price-to-earnings ratio of 25.19, a PEG ratio of 1.42 and a beta of 1.23. Meta Platforms, Inc. has a 12 month low of $414.50 and a 12 month high of $740.91. 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 (NASDAQ:META - Get Free Report) last posted its 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 net margin of 37.91% and a return on equity of 38.17%. During the same quarter in the previous year, the firm earned $5.33 EPS. As a group, sell-side analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th were issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date was Friday, March 14th. This is a boost from Meta Platforms's previous quarterly dividend of $0.50. Meta Platforms's dividend payout ratio is presently 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.