Tlwm cut its stake in shares of Meta Platforms, Inc. (NASDAQ:META – Free Report) by 31.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,431 shares of the social networking company’s stock after selling 2,473 shares during the period. Meta Platforms makes up 0.5% of Tlwm’s holdings, making the stock its 16th biggest holding. Tlwm’s holdings in Meta Platforms were worth $1,922,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also made changes to their positions in META. Vanguard Group Inc. grew its holdings in shares of Meta Platforms by 1.0% in the third quarter. Vanguard Group Inc. now owns 183,244,796 shares of the social networking company’s stock valued at $55,011,920,000 after purchasing an additional 1,733,182 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Meta Platforms by 1.9% in the second quarter. BlackRock Inc. now owns 155,776,067 shares of the social networking company’s stock valued at $44,704,616,000 after purchasing an additional 2,841,147 shares in the last quarter. FMR LLC grew its holdings in shares of Meta Platforms by 4.0% in the third quarter. FMR LLC now owns 130,809,908 shares of the social networking company’s stock valued at $39,270,443,000 after purchasing an additional 5,001,647 shares in the last quarter. State Street Corp lifted its stake in Meta Platforms by 1.8% in the second quarter. State Street Corp now owns 88,542,953 shares of the social networking company’s stock worth $25,410,057,000 after acquiring an additional 1,548,671 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Meta Platforms by 0.3% in the second quarter. Geode Capital Management LLC now owns 44,053,475 shares of the social networking company’s stock worth $12,607,487,000 after acquiring an additional 115,131 shares during the last quarter. 62.87% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research analysts recently issued reports on the stock. Royal Bank of Canada lifted their price target on shares of Meta Platforms from $400.00 to $565.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. JMP Securities lifted their price target on shares of Meta Platforms from $410.00 to $500.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Roth Mkm lifted their price target on shares of Meta Platforms from $365.00 to $500.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. JPMorgan Chase & Co. lifted their price target on shares of Meta Platforms from $420.00 to $535.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Finally, BMO Capital Markets boosted their price objective on shares of Meta Platforms from $397.00 to $450.00 and gave the stock a “market perform” rating in a research report on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, forty have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $494.53.
Insider Buying and Selling at Meta Platforms
In other Meta Platforms news, CEO Mark Zuckerberg sold 34,398 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $473.32, for a total value of $16,281,261.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CEO Mark Zuckerberg sold 34,398 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $473.32, for a total transaction of $16,281,261.36. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jennifer Newstead sold 552 shares of the stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $464.00, for a total transaction of $256,128.00. Following the transaction, the insider now owns 34,168 shares in the company, valued at $15,853,952. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 943,699 shares of company stock worth $358,437,552. Corporate insiders own 13.75% of the company’s stock.
Meta Platforms Price Performance
NASDAQ META traded down $10.71 during trading hours on Friday, reaching $473.32. The company’s stock had a trading volume of 23,324,620 shares, compared to its average volume of 23,741,792. The stock has a market cap of $1.21 trillion, a PE ratio of 31.77, a PEG ratio of 1.24 and a beta of 1.15. Meta Platforms, Inc. has a fifty-two week low of $167.66 and a fifty-two week high of $488.62. The company’s 50-day moving average is $386.49 and its two-hundred day moving average is $337.31. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.67 and a current ratio of 2.67.
Meta Platforms (NASDAQ:META – Get Free Report) last issued its quarterly earnings data on Thursday, February 1st. The social networking company reported $5.33 EPS for the quarter, beating analysts’ consensus estimates of $4.82 by $0.51. The firm had revenue of $40.11 billion for the quarter, compared to analysts’ expectations of $39.12 billion. Meta Platforms had a net margin of 28.98% and a return on equity of 29.48%. The firm’s revenue was up 24.7% on a year-over-year basis. During the same period in the prior year, the company earned $3.00 EPS. Analysts forecast that Meta Platforms, Inc. will post 19.62 EPS for the current year.
Meta Platforms Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 26th. Shareholders of record on Thursday, February 22nd will be issued a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, February 21st. This represents a $2.00 dividend on an annualized basis and a yield of 0.42%.
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.