Capitolis Liquid Global Markets LLC Has $798.55 Million Holdings in Meta Platforms, Inc. (NASDAQ:META)

Capitolis Liquid Global Markets LLC lowered its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 4.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,363,850 shares of the social networking company's stock after selling 60,000 shares during the period. Meta Platforms makes up about 7.8% of Capitolis Liquid Global Markets LLC's portfolio, making the stock its 2nd largest position. Capitolis Liquid Global Markets LLC owned approximately 0.05% of Meta Platforms worth $798,548,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Valley Financial Group Inc. increased its stake in Meta Platforms by 2.4% in the 4th quarter. Valley Financial Group Inc. now owns 588 shares of the social networking company's stock valued at $344,000 after buying an additional 14 shares during the last quarter. Seelaus Asset Management LLC increased 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 valued at $960,000 after acquiring an additional 15 shares during the last quarter. Meredith Wealth Planning raised its holdings in Meta Platforms by 0.8% during the fourth quarter. Meredith Wealth Planning now owns 1,873 shares of the social networking company's stock worth $1,097,000 after acquiring an additional 15 shares in the last quarter. Maiden Cove Capital LLC raised its holdings in Meta Platforms by 3.2% during the fourth quarter. Maiden Cove Capital LLC now owns 481 shares of the social networking company's stock worth $282,000 after acquiring an additional 15 shares in the last quarter. Finally, Riverwater Partners LLC boosted its position in Meta Platforms by 2.7% during the fourth quarter. Riverwater Partners LLC now owns 572 shares of the social networking company's stock valued at $335,000 after purchasing an additional 15 shares during the last quarter. Institutional investors own 79.91% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on META shares. Morgan Stanley upped their price target on shares of Meta Platforms from $615.00 to $650.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Tigress Financial reiterated a "strong-buy" rating on shares of Meta Platforms in a research note on Tuesday, February 11th. Stifel Nicolaus upped their price objective on Meta Platforms from $628.00 to $655.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. BMO Capital Markets lifted their target price on Meta Platforms from $530.00 to $610.00 and gave the stock a "market perform" rating in a research note on Thursday, January 30th. Finally, Rosenblatt Securities increased their price target on Meta Platforms from $846.00 to $918.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Meta Platforms presently has an average rating of "Moderate Buy" and a consensus target price of $696.45.

Meta Platforms Stock Down 0.9 %

Shares of META stock traded down $5.52 during trading hours on Friday, reaching $592.49. The company had a trading volume of 10,401,916 shares, compared to its average volume of 14,450,792. The company has a market cap of $1.50 trillion, a price-to-earnings ratio of 24.77, a price-to-earnings-growth ratio of 1.42 and a beta of 1.24. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.98 and a quick ratio of 2.98. Meta Platforms, Inc. has a 12 month low of $442.65 and a 12 month high of $740.91. The business has a fifty day simple moving average of $568.87 and a 200-day simple moving average of $604.22.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The social networking company reported $6.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.33 by $1.10. The firm had revenue of $42.31 billion for the quarter, compared to the consensus estimate of $41.45 billion. Meta Platforms had a net margin of 37.91% and a return on equity of 38.17%. The business's revenue for the quarter was up 16.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.71 EPS. On average, research analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th were issued a $0.525 dividend. The ex-dividend date was Friday, March 14th. This is a positive change from Meta Platforms's previous quarterly dividend of $0.50. This represents a $2.10 annualized dividend and a dividend yield of 0.35%. Meta Platforms's dividend payout ratio is currently 8.19%.

Insider Activity at Meta Platforms

In other news, insider Jennifer Newstead sold 921 shares of the company's stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $592.52, for a total transaction of $545,710.92. Following the transaction, the insider now owns 25,656 shares of the company's stock, valued at $15,201,693.12. This represents a 3.47 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Andrew Bosworth sold 5,060 shares of Meta Platforms stock in a transaction dated Saturday, February 15th. The stock was sold at an average price of $736.67, for a total value of $3,727,550.20. Following the completion of the sale, the chief technology officer now directly owns 5,139 shares of the company's stock, valued at approximately $3,785,747.13. This trade represents a 49.61 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 155,689 shares of company stock valued at $109,097,842. 13.71% of the stock is owned by insiders.

Meta Platforms Company 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.