Meta Platforms, Inc. (NASDAQ:META) Shares Purchased by Ewa LLC

Ewa LLC boosted its stake in Meta Platforms, Inc. (NASDAQ:META) by 20.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,650 shares of the social networking company’s stock after purchasing an additional 447 shares during the period. Meta Platforms comprises approximately 0.5% of Ewa LLC’s portfolio, making the stock its 23rd largest position. Ewa LLC’s holdings in Meta Platforms were worth $938,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC increased its stake in Meta Platforms by 4.0% during the 3rd quarter. FMR LLC now owns 130,809,908 shares of the social networking company’s stock worth $39,270,443,000 after buying an additional 5,001,647 shares during the period. International Assets Investment Management LLC increased its position in shares of Meta Platforms by 11,154.4% during the fourth quarter. International Assets Investment Management LLC now owns 4,952,254 shares of the social networking company’s stock worth $1,752,900,000 after acquiring an additional 4,908,251 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of Meta Platforms by 55.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 8,632,631 shares of the social networking company’s stock worth $2,591,602,000 after acquiring an additional 3,093,715 shares during the period. Cerity Partners LLC raised its stake in shares of Meta Platforms by 1,457.5% in the fourth quarter. Cerity Partners LLC now owns 3,156,360 shares of the social networking company’s stock valued at $1,117,225,000 after acquiring an additional 2,953,704 shares in the last quarter. Finally, Lone Pine Capital LLC purchased a new position in Meta Platforms in the third quarter valued at $834,315,000. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Meta Platforms Stock Performance

META traded down $13.55 during trading on Monday, hitting $429.74. The stock had a trading volume of 16,378,259 shares, compared to its average volume of 18,360,781. The firm has a market capitalization of $1.10 trillion, a P/E ratio of 24.89, a PEG ratio of 1.15 and a beta of 1.20. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.68 and a current ratio of 2.68. Meta Platforms, Inc. has a twelve month low of $229.85 and a twelve month high of $531.49. The company’s 50-day moving average price is $494.48 and its 200 day moving average price is $405.39.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings results on Wednesday, April 24th. The social networking company reported $4.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.32 by $0.39. The business had revenue of $36.46 billion for the quarter, compared to analyst estimates of $36.28 billion. Meta Platforms had a net margin of 32.06% and a return on equity of 32.03%. On average, equities research analysts forecast that Meta Platforms, Inc. will post 20.2 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Thursday, February 22nd were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date was Wednesday, February 21st. Meta Platforms’s dividend payout ratio (DPR) is 11.49%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. TD Cowen cut their price target on Meta Platforms from $590.00 to $530.00 and set a “buy” rating on the stock in a report on Thursday. Roth Mkm raised their target price on shares of Meta Platforms from $500.00 to $510.00 and gave the company a “buy” rating in a report on Thursday. Rosenblatt Securities boosted their price target on shares of Meta Platforms from $520.00 to $562.00 and gave the stock a “buy” rating in a report on Thursday. Benchmark restated a “hold” rating on shares of Meta Platforms in a report on Monday, April 22nd. Finally, Bank of America boosted their target price on shares of Meta Platforms from $425.00 to $510.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, thirty-seven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Meta Platforms presently has an average rating of “Moderate Buy” and a consensus price target of $509.18.

Insider Activity

In related news, CFO Susan J. Li sold 10,956 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $473.28, for a total transaction of $5,185,255.68. Following the transaction, the chief financial officer now owns 76,398 shares of the company’s stock, valued at $36,157,645.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Mark Zuckerberg sold 19,681 shares of Meta Platforms stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $393.85, for a total transaction of $7,751,361.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Susan J. Li sold 10,956 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $473.28, for a total value of $5,185,255.68. Following the completion of the sale, the chief financial officer now owns 76,398 shares in the company, valued at approximately $36,157,645.44. The disclosure for this sale can be found here. Insiders sold 1,277,048 shares of company stock valued at $620,679,759 in the last three months. 13.71% of the stock is currently owned by company insiders.

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.