Fidelis Capital Partners LLC Has $3.94 Million Holdings in Meta Platforms, Inc. (NASDAQ:META)

Fidelis Capital Partners LLC raised its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 16.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 11,119 shares of the social networking company’s stock after purchasing an additional 1,589 shares during the quarter. Meta Platforms makes up approximately 0.9% of Fidelis Capital Partners LLC’s investment portfolio, making the stock its 21st largest holding. Fidelis Capital Partners LLC’s holdings in Meta Platforms were worth $3,936,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Stone House Investment Management LLC increased its position in Meta Platforms by 625.0% during the 3rd quarter. Stone House Investment Management LLC now owns 87 shares of the social networking company’s stock valued at $26,000 after purchasing an additional 75 shares during the period. Gilfoyle & Co LLC acquired a new stake in shares of Meta Platforms during the 4th quarter worth approximately $39,000. Cranbrook Wealth Management LLC grew its position in shares of Meta Platforms by 80.4% during the 4th quarter. Cranbrook Wealth Management LLC now owns 101 shares of the social networking company’s stock worth $36,000 after buying an additional 45 shares during the period. Beaird Harris Wealth Management LLC grew its position in shares of Meta Platforms by 68.9% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 103 shares of the social networking company’s stock worth $31,000 after buying an additional 42 shares during the period. Finally, Stephens Investment Management Group LLC acquired a new stake in shares of Meta Platforms during the 2nd quarter worth approximately $30,000. Institutional investors and hedge funds own 79.91% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on META shares. KeyCorp raised their price objective on shares of Meta Platforms from $465.00 to $575.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 30th. Susquehanna increased their target price on Meta Platforms from $400.00 to $550.00 and gave the stock a “positive” rating in a report on Friday, February 2nd. JMP Securities increased their target price on Meta Platforms from $410.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Wedbush increased their target price on Meta Platforms from $420.00 to $520.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Finally, Tigress Financial increased their target price on Meta Platforms from $435.00 to $575.00 and gave the stock a “strong-buy” rating in a report on Friday, February 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $519.53.

Insiders Place Their Bets

In other Meta Platforms news, insider Jennifer Newstead sold 585 shares of the stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $498.59, for a total value of $291,675.15. Following the sale, the insider now directly owns 37,813 shares in the company, valued at approximately $18,853,183.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, COO Javier Olivan sold 9,000 shares of the stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $388.90, for a total value of $3,500,100.00. Following the transaction, the chief operating officer now owns 79,935 shares of the company’s stock, valued at approximately $31,086,721.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jennifer Newstead sold 585 shares of the stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $498.59, for a total transaction of $291,675.15. Following the completion of the transaction, the insider now directly owns 37,813 shares in the company, valued at approximately $18,853,183.67. The disclosure for this sale can be found here. Insiders have sold 1,421,182 shares of company stock worth $677,574,550 in the last three months. 13.75% of the stock is currently owned by corporate insiders.

Meta Platforms Stock Performance

META traded down $14.14 during trading hours on Friday, hitting $487.66. The stock had a trading volume of 5,897,463 shares, compared to its average volume of 16,882,270. The company’s fifty day simple moving average is $494.29 and its 200 day simple moving average is $397.43. Meta Platforms, Inc. has a 1 year low of $207.13 and a 1 year high of $531.49. The stock has a market cap of $1.24 trillion, a PE ratio of 33.99, a price-to-earnings-growth ratio of 1.26 and a beta of 1.20. The company has a quick ratio of 2.67, a current ratio of 2.67 and a debt-to-equity ratio of 0.12.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings data on Thursday, February 1st. The social networking company reported $5.33 earnings per share for the quarter, topping the consensus estimate of $4.82 by $0.51. Meta Platforms had a return on equity of 29.48% and a net margin of 28.98%. The company had revenue of $40.11 billion during the quarter, compared to analyst estimates of $39.12 billion. During the same quarter last year, the firm posted $3.00 EPS. The firm’s revenue for the quarter was up 24.7% on a year-over-year basis. Equities analysts anticipate that Meta Platforms, Inc. will post 20.18 earnings per share for the current year.

Meta Platforms Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Thursday, February 22nd were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date of this dividend was Wednesday, February 21st. Meta Platforms’s dividend payout ratio (DPR) is presently 13.42%.

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.