By otakuyassine3@gmail.com 
Werba Rubin Papier Wealth Management boosted its position in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 2.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 5,347 shares of the social networking company’s stock after buying an additional 130 shares during the quarter. Meta Platforms comprises 0.7% of Werba Rubin Papier Wealth Management’s investment portfolio, making the stock its 24th largest holding. Werba Rubin Papier Wealth Management’s holdings in Meta Platforms were worth $3,130,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Integrated Investment Consultants LLC raised its position in shares of Meta Platforms by 61,769.3% during the 3rd quarter. Integrated Investment Consultants LLC now owns 4,132,870 shares of the social networking company’s stock valued at $2,365,820,000 after acquiring an additional 4,126,190 shares during the last quarter. Strategic Financial Concepts LLC grew its stake in shares of Meta Platforms by 87,269.8% during the fourth quarter. Strategic Financial Concepts LLC now owns 1,067,659 shares of the social networking company’s stock worth $625,125,000 after purchasing an additional 1,066,437 shares during the period. World Investment Advisors LLC grew its stake in shares of Meta Platforms by 4,658.5% during the third quarter. World Investment Advisors LLC now owns 909,548 shares of the social networking company’s stock worth $520,662,000 after purchasing an additional 890,434 shares during the period. Geode Capital Management LLC increased its holdings in Meta Platforms by 1.5% in the third 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 during the last quarter. Finally, National Pension Service lifted its stake in Meta Platforms by 14.6% in the third quarter. National Pension Service now owns 4,318,046 shares of the social networking company’s stock valued at $2,471,822,000 after buying an additional 550,852 shares during the period. 79.91% of the stock is currently owned by institutional investors and hedge funds.
Meta Platforms Trading Down 1.6 %
Shares of Meta Platforms stock opened at $657.50 on Wednesday. The stock has a market cap of $1.67 trillion, a P/E ratio of 27.49, a P/E/G ratio of 1.42 and a beta of 1.20. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.16. Meta Platforms, Inc. has a 12-month low of $414.50 and a 12-month high of $740.91. The business’s 50 day moving average is $648.73 and its 200-day moving average is $594.06.
Meta Platforms (NASDAQ:META – Get Free Report) last issued its earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share for the quarter, topping analysts’ consensus estimates of $6.75 by $1.27. Meta Platforms had a net margin of 37.91% and a return on equity of 38.17%. During the same quarter in the prior year, the business earned $5.33 EPS. Equities research analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.
Meta Platforms Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Friday, March 14th will be paid a $0.525 dividend. This is an increase from Meta Platforms’s previous quarterly dividend of $0.50. This represents a $2.10 annualized dividend and a yield of 0.32%. The ex-dividend date is Friday, March 14th. Meta Platforms’s dividend payout ratio (DPR) is 8.78%.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on the company. DA Davidson boosted their target price on Meta Platforms from $700.00 to $800.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Tigress Financial restated a “strong-buy” rating on shares of Meta Platforms in a report on Tuesday, February 11th. Needham & Company LLC reaffirmed an “underperform” rating on shares of Meta Platforms in a research note on Monday, January 27th. BMO Capital Markets lifted their price target on shares of Meta Platforms from $530.00 to $610.00 and gave the stock a “market perform” rating in a research report on Thursday, January 30th. Finally, Citigroup boosted their price target on shares of Meta Platforms from $753.00 to $780.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Two research 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 given a strong buy rating to the company’s stock. According to data from MarketBeat, Meta Platforms presently has a consensus rating of “Moderate Buy” and an average price target of $719.26.
View Our Latest Report on META
Insider Activity at Meta Platforms
In other news, CEO Mark Zuckerberg sold 35,921 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $607.97, for a total value of $21,838,890.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Javier Olivan sold 413 shares of Meta Platforms stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $577.49, for a total value of $238,503.37. Following the transaction, the chief operating officer now owns 19,166 shares of the company’s stock, valued at $11,068,173.34. This represents a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 812,422 shares of company stock worth $525,534,818. Insiders own 13.71% of the company’s stock.
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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