TIAA Trust National Association Acquires 572 Shares of Meta Platforms, Inc. (NASDAQ:META)

TIAA Trust National Association increased its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 0.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 199,410 shares of the social networking company's stock after purchasing an additional 572 shares during the period. TIAA Trust National Association's holdings in Meta Platforms were worth $116,759,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Ballentine Partners LLC boosted its position in shares of Meta Platforms by 1.4% during the 4th quarter. Ballentine Partners LLC now owns 58,218 shares of the social networking company's stock worth $34,087,000 after acquiring an additional 808 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of Meta Platforms by 0.6% during the 4th quarter. UMB Bank n.a. now owns 140,585 shares of the social networking company's stock worth $82,314,000 after buying an additional 897 shares in the last quarter. Brueske Advisory Services LLC bought a new stake in shares of Meta Platforms during the 4th quarter worth $459,000. Apollon Financial LLC boosted its stake in Meta Platforms by 11.1% in the fourth quarter. Apollon Financial LLC now owns 1,479 shares of the social networking company's stock valued at $866,000 after buying an additional 148 shares in the last quarter. Finally, Fisher Asset Management LLC grew its position in Meta Platforms by 1.7% in the fourth quarter. Fisher Asset Management LLC now owns 6,675,174 shares of the social networking company's stock valued at $3,908,382,000 after acquiring an additional 110,040 shares during the last quarter. Institutional investors and hedge funds own 79.91% of the company's stock.

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Meta Platforms Stock Down 4.3 %

Shares of NASDAQ META traded down $25.84 during midday trading on Friday, hitting $576.74. 17,561,028 shares of the stock traded hands, compared to its average volume of 14,238,405. 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 one year low of $414.50 and a one year high of $740.91. The business has a 50 day moving average price of $655.23 and a two-hundred day moving average price of $609.21. The company has a market cap of $1.46 trillion, a PE ratio of 24.11, a P/E/G ratio of 1.42 and a beta of 1.23.

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

Meta Platforms Increases Dividend

The business also recently declared 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. 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 0.36%. This is an increase from Meta Platforms's previous quarterly dividend of $0.50. Meta Platforms's payout ratio is 8.78%.

Insiders Place Their Bets

In related news, CFO Susan J. Li sold 8,553 shares of the company'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 transaction of $6,300,738.51. Following the sale, the chief financial officer now directly owns 51,793 shares in the company, valued at approximately $38,154,349.31. This represents a 14.17 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Javier Olivan sold 413 shares of the stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $589.16, for a total value of $243,323.08. Following the sale, the chief operating officer now directly owns 17,514 shares in the company, valued at $10,318,548.24. This trade represents a 2.30 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 584,823 shares of company stock valued at $386,274,777. Corporate insiders own 13.71% of the company's stock.

Analyst Upgrades and Downgrades

META has been the subject of a number of research analyst reports. 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 research report on Monday, January 6th. Tigress Financial reiterated a "strong-buy" rating on shares of Meta Platforms in a research note on Tuesday, February 11th. The Goldman Sachs Group boosted their price objective on Meta Platforms from $688.00 to $765.00 and gave the stock a "buy" rating in a research report on Thursday, January 30th. Morgan Stanley increased their target price on Meta Platforms from $600.00 to $660.00 and gave the company an "overweight" rating in a research report on Monday, January 13th. Finally, Arete Research upgraded Meta Platforms to a "hold" rating in a report on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-five have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $718.31.

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.