By otakuyassine3@gmail.com 
Silicon Valley Capital Partners decreased its holdings in shares of Meta Platforms, Inc. (NASDAQ:META – Free Report) by 3.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,057 shares of the social networking company’s stock after selling 650 shares during the period. Meta Platforms accounts for about 1.4% of Silicon Valley Capital Partners’ portfolio, making the stock its 18th biggest position. Silicon Valley Capital Partners’ holdings in Meta Platforms were worth $12,329,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. Geode Capital Management LLC boosted its position in shares of Meta Platforms by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 48,160,608 shares of the social networking company’s stock valued at $27,470,870,000 after purchasing an additional 698,884 shares in the last quarter. Jennison Associates LLC boosted its position in shares of Meta Platforms by 1.9% during the 3rd quarter. Jennison Associates LLC now owns 14,440,868 shares of the social networking company’s stock valued at $8,266,531,000 after purchasing an additional 263,063 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Meta Platforms by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 13,827,565 shares of the social networking company’s stock valued at $7,915,451,000 after purchasing an additional 118,298 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of Meta Platforms by 57,001.5% during the 3rd quarter. International Assets Investment Management LLC now owns 9,517,111 shares of the social networking company’s stock valued at $5,447,975,000 after purchasing an additional 9,500,444 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of Meta Platforms by 2.8% during the 3rd quarter. Franklin Resources Inc. now owns 6,946,755 shares of the social networking company’s stock valued at $4,101,602,000 after purchasing an additional 186,728 shares in the last quarter. Institutional investors own 79.91% of the company’s stock.
Analysts Set New Price Targets
META has been the topic of a number of research reports. Tigress Financial upped their price target on Meta Platforms from $645.00 to $935.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, February 11th. Barclays upped their price target on Meta Platforms from $630.00 to $705.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Needham & Company LLC reaffirmed an “underperform” rating on shares of Meta Platforms in a research note on Monday, January 27th. JPMorgan Chase & Co. upped their price target on Meta Platforms from $660.00 to $725.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $811.00 price target on shares of Meta Platforms in a research note on Monday, January 27th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $717.90.
Check Out Our Latest Analysis on META
Insider Buying and Selling
In related news, COO Javier Olivan sold 413 shares of Meta Platforms stock in a transaction on Monday, November 25th. The stock was sold at an average price of $562.77, for a total transaction of $232,424.01. Following the completion of the sale, the chief operating officer now owns 19,579 shares of the company’s stock, valued at approximately $11,018,473.83. This trade represents a 2.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Susan J. Li sold 18,644 shares of Meta Platforms stock in a transaction on Monday, November 18th. The shares were sold at an average price of $553.55, for a total value of $10,320,386.20. Following the sale, the chief financial officer now directly owns 46,769 shares of the company’s stock, valued at $25,888,979.95. This represents a 28.50 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 793,070 shares of company stock worth $504,185,108. Corporate insiders own 13.71% of the company’s stock.
Meta Platforms Price Performance
Meta Platforms stock opened at $736.67 on Friday. Meta Platforms, Inc. has a one year low of $414.50 and a one year high of $740.91. The business has a fifty day moving average price of $638.73 and a 200-day moving average price of $583.52. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.98 and a quick ratio of 2.98. The firm has a market capitalization of $1.87 trillion, a P/E ratio of 30.80, a PEG ratio of 1.46 and a beta of 1.20.
Meta Platforms (NASDAQ:META – Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The social networking company reported $8.02 EPS for the quarter, topping 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 period last year, the company earned $5.33 earnings per share. As a group, equities research analysts forecast that Meta Platforms, Inc. will post 26.66 EPS for the current year.
Meta Platforms Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th will be issued a $0.525 dividend. This is a positive change from Meta Platforms’s previous quarterly dividend of $0.50. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date of this dividend is Friday, March 14th. Meta Platforms’s dividend payout ratio (DPR) is presently 8.36%.
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.
See Also
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