Twin Focus Capital Partners LLC Acquires Shares of 808 Meta Platforms, Inc. (NASDAQ:META)

Twin Focus Capital Partners LLC acquired a new stake in Meta Platforms, Inc. (NASDAQ:METAFree Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 808 shares of the social networking company’s stock, valued at approximately $286,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in META. Baird Financial Group Inc. grew its position in shares of Meta Platforms by 24.2% in the fourth quarter. Baird Financial Group Inc. now owns 835,972 shares of the social networking company’s stock valued at $295,901,000 after purchasing an additional 163,067 shares during the period. California State Teachers Retirement System boosted its position in Meta Platforms by 1.5% during the fourth quarter. California State Teachers Retirement System now owns 3,576,285 shares of the social networking company’s stock worth $1,265,862,000 after acquiring an additional 51,900 shares during the last quarter. Donoghue Forlines LLC boosted its position in Meta Platforms by 94.4% during the fourth quarter. Donoghue Forlines LLC now owns 8,349 shares of the social networking company’s stock worth $2,955,000 after acquiring an additional 4,054 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in Meta Platforms by 7.7% in the 4th quarter. Daiwa Securities Group Inc. now owns 451,581 shares of the social networking company’s stock valued at $159,841,000 after purchasing an additional 32,423 shares during the last quarter. Finally, Voyager Global Management LP boosted its holdings in Meta Platforms by 37.3% in the 4th quarter. Voyager Global Management LP now owns 515,000 shares of the social networking company’s stock valued at $182,289,000 after purchasing an additional 140,000 shares during the last quarter. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on META. Wells Fargo & Company reduced their price target on shares of Meta Platforms from $609.00 to $600.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 3rd. BNP Paribas began coverage on shares of Meta Platforms in a research note on Thursday, May 2nd. They issued an “underperform” rating and a $360.00 price target on the stock. BMO Capital Markets reissued a “market perform” rating and issued a $450.00 price target on shares of Meta Platforms in a research note on Wednesday. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Meta Platforms from $540.00 to $500.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. Finally, Raymond James upped their target price on shares of Meta Platforms from $525.00 to $550.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, June 5th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, thirty-seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $510.41.

View Our Latest Stock Analysis on META

Meta Platforms Trading Up 0.1 %

Shares of META traded up $0.56 during mid-day trading on Friday, hitting $504.16. The company had a trading volume of 10,243,347 shares, compared to its average volume of 10,607,878. The business’s 50-day simple moving average is $480.39 and its 200-day simple moving average is $442.26. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.12. Meta Platforms, Inc. has a 1-year low of $271.42 and a 1-year high of $531.49. The stock has a market cap of $1.28 trillion, a PE ratio of 28.96, a P/E/G ratio of 1.31 and a beta of 1.21.

Meta Platforms (NASDAQ:METAGet Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The social networking company reported $4.71 earnings per share for the quarter, beating analysts’ consensus estimates of $4.32 by $0.39. The firm had revenue of $36.46 billion for the quarter, compared to analysts’ expectations of $36.28 billion. Meta Platforms had a net margin of 32.06% and a return on equity of 32.03%. Sell-side analysts forecast that Meta Platforms, Inc. will post 20.16 earnings per share for the current year.

Meta Platforms Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 26th. Shareholders of record on Friday, June 14th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, June 14th. This represents a $2.00 dividend on an annualized basis and a yield of 0.40%. Meta Platforms’s dividend payout ratio (DPR) is 11.49%.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, CEO Mark Zuckerberg sold 31,493 shares of Meta Platforms stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $492.37, for a total transaction of $15,506,208.41. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Meta Platforms news, CEO Mark Zuckerberg sold 31,493 shares of Meta Platforms stock in a transaction on Monday, March 18th. The shares were sold at an average price of $492.37, for a total value of $15,506,208.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jennifer Newstead sold 585 shares of Meta Platforms stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $488.50, for a total transaction of $285,772.50. Following the completion of the transaction, the insider now directly owns 40,153 shares of the company’s stock, valued at approximately $19,614,740.50. The disclosure for this sale can be found here. Insiders have sold a total of 437,528 shares of company stock valued at $215,768,262 over the last ninety days. Corporate insiders own 13.71% of the company’s stock.

About Meta Platforms

(Free Report)

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.

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Institutional Ownership by Quarter for Meta Platforms (NASDAQ:META)

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