Strategy Capital LLC Grows Stock Holdings in Meta Platforms, Inc. (NASDAQ:META)

Strategy Capital LLC boosted its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 84.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 231,201 shares of the social networking company's stock after purchasing an additional 105,521 shares during the period. Meta Platforms comprises about 11.0% of Strategy Capital LLC's investment portfolio, making the stock its 4th biggest position. Strategy Capital LLC's holdings in Meta Platforms were worth $135,370,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Millstone Evans Group LLC bought a new stake in Meta Platforms during the 4th quarter worth about $40,000. Avondale Wealth Management acquired a new stake in shares of Meta Platforms in the fourth quarter valued at approximately $41,000. WealthTrak Capital Management LLC bought a new position in Meta Platforms in the 4th quarter worth approximately $43,000. Cordant Inc. acquired a new position in Meta Platforms during the 4th quarter worth $59,000. Finally, Conquis Financial LLC bought a new position in Meta Platforms in the 4th quarter valued at $59,000. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Mark Zuckerberg sold 35,921 shares of Meta Platforms stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $616.16, for a total transaction of $22,133,083.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jennifer Newstead sold 921 shares of Meta Platforms stock in a transaction on Tuesday, April 8th. The stock was sold at an average price of $543.39, for a total transaction of $500,462.19. Following the transaction, the insider now directly owns 29,340 shares of the company's stock, valued at approximately $15,943,062.60. This trade represents a 3.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 451,119 shares of company stock valued at $304,709,239 in the last quarter. Company insiders own 13.71% of the company's stock.

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Meta Platforms Stock Down 2.6 %

Shares of NASDAQ:META traded down $14.08 during midday trading on Monday, reaching $529.49. The company had a trading volume of 8,330,641 shares, compared to its average volume of 14,752,300. Meta Platforms, Inc. has a 1-year low of $414.50 and a 1-year high of $740.91. The stock has a market cap of $1.34 trillion, a PE ratio of 22.14, a P/E/G ratio of 1.42 and a beta of 1.28. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.16. The business's 50 day moving average price is $628.35 and its 200 day moving average price is $609.40.

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 for the quarter, topping the consensus estimate 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 last year, the business posted $5.33 EPS. Research analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal 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. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.10 dividend on an annualized basis and a yield of 0.40%. This is a boost from Meta Platforms's previous quarterly dividend of $0.50. Meta Platforms's dividend payout ratio (DPR) is currently 8.78%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on META. BMO Capital Markets boosted their target price on Meta Platforms from $530.00 to $610.00 and gave the stock a "market perform" rating in a research report on Thursday, January 30th. Tigress Financial restated a "strong-buy" rating on shares of Meta Platforms in a research report on Tuesday, February 11th. Arete Research upgraded shares of Meta Platforms to a "hold" rating in a research report on Friday, January 24th. Morgan Stanley boosted their price target on shares of Meta Platforms from $600.00 to $660.00 and gave the stock an "overweight" rating in a research note on Monday, January 13th. Finally, KeyCorp reduced their price objective on shares of Meta Platforms from $710.00 to $645.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 9th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $698.40.

About Meta Platforms

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.