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Meta Platforms, Inc. $META Shares Bought by Rakuten Securities Inc.

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Rakuten Securities Inc. lifted its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 149.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,125 shares of the social networking company's stock after purchasing an additional 6,657 shares during the quarter. Meta Platforms accounts for 2.4% of Rakuten Securities Inc.'s investment portfolio, making the stock its 9th largest holding. Rakuten Securities Inc.'s holdings in Meta Platforms were worth $7,344,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Westchester Capital Management Inc. purchased a new stake in shares of Meta Platforms in the third quarter worth approximately $26,000. Key Capital Management INC purchased a new stake in Meta Platforms in the 4th quarter valued at $48,000. Fairway Wealth LLC lifted its stake in Meta Platforms by 36.8% during the 4th quarter. Fairway Wealth LLC now owns 78 shares of the social networking company's stock valued at $51,000 after acquiring an additional 21 shares in the last quarter. Evergreen Private Wealth LLC boosted its holdings in Meta Platforms by 64.8% during the 3rd quarter. Evergreen Private Wealth LLC now owns 89 shares of the social networking company's stock worth $65,000 after acquiring an additional 35 shares during the last quarter. Finally, PMV Capital Advisers LLC grew its stake in shares of Meta Platforms by 26.3% in the 4th quarter. PMV Capital Advisers LLC now owns 96 shares of the social networking company's stock worth $63,000 after acquiring an additional 20 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Meta Platforms

In related news, CFO Susan J. Li sold 56,571 shares of the business's stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $644.70, for a total transaction of $36,471,323.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Andrew Bosworth sold 8,089 shares of the company's stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $631.24, for a total transaction of $5,106,100.36. Following the sale, the chief technology officer directly owned 2,841 shares in the company, valued at $1,793,352.84. This trade represents a 74.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 166,638 shares of company stock valued at $106,697,681 in the last quarter. 13.61% of the stock is currently owned by corporate insiders.

Meta Platforms Trading Down 0.9%

Shares of Meta Platforms stock opened at $604.96 on Wednesday. The stock has a market capitalization of $1.53 trillion, a P/E ratio of 21.99, a P/E/G ratio of 1.07 and a beta of 1.25. Meta Platforms, Inc. has a 52-week low of $520.26 and a 52-week high of $796.25. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.35 and a current ratio of 2.35. The stock's 50-day simple moving average is $628.61 and its 200 day simple moving average is $646.71.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The social networking company reported $10.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.67 by $3.77. Meta Platforms had a net margin of 32.84% and a return on equity of 36.93%. The company had revenue of $56.31 billion for the quarter, compared to analyst estimates of $55.56 billion. During the same quarter in the previous year, the firm posted $6.43 earnings per share. The company's quarterly revenue was up 33.1% compared to the same quarter last year. As a group, research analysts anticipate that Meta Platforms, Inc. will post 29.59 EPS for the current year.

Meta Platforms Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Monday, March 16th were paid a $0.525 dividend. The ex-dividend date was Monday, March 16th. This represents a $2.10 annualized dividend and a yield of 0.3%. Meta Platforms's dividend payout ratio (DPR) is currently 7.63%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on META shares. TD Cowen cut their price target on shares of Meta Platforms from $820.00 to $800.00 and set a "buy" rating on the stock in a report on Thursday, April 30th. Citigroup reaffirmed an "outperform" rating on shares of Meta Platforms in a report on Thursday, January 29th. Barclays lifted their price target on Meta Platforms from $800.00 to $830.00 and gave the stock an "overweight" rating in a report on Thursday, April 30th. Citizens Jmp restated a "market outperform" rating and issued a $900.00 price objective on shares of Meta Platforms in a research note on Tuesday, April 21st. Finally, UBS Group decreased their target price on Meta Platforms from $908.00 to $865.00 and set a "buy" rating for the company in a research report on Thursday, April 30th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and nine have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $840.31.

View Our Latest Research Report on Meta Platforms

Trending Headlines about Meta Platforms

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About Meta Platforms

(Free Report)

Meta Platforms, Inc NASDAQ: META, formerly Facebook, Inc, is a global technology company best known for building social networking services and immersive computing platforms. Founded in 2004 and headquartered in Menlo Park, California, the company operates a family of consumer-facing products and services that connect users, creators and businesses. In October 2021 the company rebranded as Meta to reflect an expanded strategic focus on augmented and virtual reality technologies alongside its social media businesses.

Meta's core consumer products include Facebook, Instagram, WhatsApp and Messenger, which enable social networking, messaging, content sharing and community building across mobile and desktop devices.

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Want to see what other hedge funds are holding META? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Meta Platforms, Inc. (NASDAQ:META - Free Report).

Institutional Ownership by Quarter for Meta Platforms (NASDAQ:META)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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