By otakuyassine3@gmail.com 
Mitchell Capital Management Co. increased its holdings in shares of Meta Platforms, Inc. (NASDAQ:META – Free Report) by 0.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 28,413 shares of the social networking company’s stock after buying an additional 75 shares during the quarter. Meta Platforms comprises approximately 2.9% of Mitchell Capital Management Co.’s portfolio, making the stock its 7th biggest holding. Mitchell Capital Management Co.’s holdings in Meta Platforms were worth $16,636,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the business. Seelaus Asset Management LLC boosted its position in shares of Meta Platforms by 0.9% in the fourth quarter. Seelaus Asset Management LLC now owns 1,640 shares of the social networking company’s stock worth $960,000 after buying an additional 15 shares during the period. Meredith Wealth Planning boosted its position in shares of Meta Platforms by 0.8% in the fourth quarter. Meredith Wealth Planning now owns 1,873 shares of the social networking company’s stock worth $1,097,000 after buying an additional 15 shares during the period. Stephens Consulting LLC boosted its position in shares of Meta Platforms by 5.3% in the fourth quarter. Stephens Consulting LLC now owns 317 shares of the social networking company’s stock worth $186,000 after buying an additional 16 shares during the period. VeraBank N.A. boosted its position in shares of Meta Platforms by 0.8% in the fourth quarter. VeraBank N.A. now owns 1,954 shares of the social networking company’s stock worth $1,144,000 after buying an additional 16 shares during the period. Finally, LGL Partners LLC boosted its position in shares of Meta Platforms by 0.6% in the fourth quarter. LGL Partners LLC now owns 2,834 shares of the social networking company’s stock worth $1,659,000 after buying an additional 16 shares during the period. 79.91% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of analysts recently issued reports on META shares. The Goldman Sachs Group lifted their price objective on Meta Platforms from $688.00 to $765.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Mizuho lifted their price objective on Meta Platforms from $675.00 to $750.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Barclays lifted their price objective on Meta Platforms from $630.00 to $705.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Tigress Financial reissued a “strong-buy” rating on shares of Meta Platforms in a research report on Tuesday, February 11th. Finally, Wolfe Research lifted their price objective on Meta Platforms from $670.00 to $730.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Two analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-five have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Meta Platforms presently has a consensus rating of “Moderate Buy” and an average price target of $719.26.
Check Out Our Latest Report on Meta Platforms
Meta Platforms Trading Down 0.4 %
Shares of META opened at $625.66 on Friday. Meta Platforms, Inc. has a 12-month low of $414.50 and a 12-month high of $740.91. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $1.59 trillion, a price-to-earnings ratio of 26.16, a P/E/G ratio of 1.42 and a beta of 1.20. The stock’s 50-day moving average price is $656.39 and its 200 day moving average price is $599.31.
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 return on equity of 38.17% and a net margin of 37.91%. During the same quarter in the prior year, the business earned $5.33 EPS. As a group, research analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.
Meta Platforms Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 0.34%. This is an increase from Meta Platforms’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Friday, March 14th. Meta Platforms’s payout ratio is presently 8.78%.
Insider Buying and Selling at Meta Platforms
In other news, insider Jennifer Newstead sold 905 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $618.00, for a total value of $559,290.00. Following the transaction, the insider now directly owns 35,630 shares of the company’s stock, valued at $22,019,340. The trade was a 2.48 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mark Zuckerberg sold 55,589 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $717.72, for a total value of $39,897,337.08. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 775,295 shares of company stock valued at $504,237,715. 13.71% of the stock is currently owned by corporate insiders.
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.
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