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Meta Platforms, Inc. $META Stock Holdings Raised by GF Fund Management CO. LTD.

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GF Fund Management CO. LTD. lifted its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 11.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 303,107 shares of the social networking company's stock after buying an additional 31,556 shares during the period. Meta Platforms comprises 3.4% of GF Fund Management CO. LTD.'s holdings, making the stock its 8th largest holding. GF Fund Management CO. LTD.'s holdings in Meta Platforms were worth $200,078,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC boosted its stake in Meta Platforms by 1.7% during the fourth quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock worth $20,230,000 after buying an additional 570 shares during the period. Revolve Wealth Partners LLC boosted its stake in shares of Meta Platforms by 10.2% during the 4th quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company's stock worth $5,537,000 after purchasing an additional 875 shares during the period. Headwater Capital Co Ltd boosted its stake in shares of Meta Platforms by 294.7% during the 1st quarter. Headwater Capital Co Ltd now owns 150,000 shares of the social networking company's stock worth $86,454,000 after purchasing an additional 112,000 shares during the period. Dymon Asia Capital Singapore PTE. LTD. bought a new position in Meta Platforms during the 2nd quarter valued at about $213,000. Finally, Capital & Planning LLC purchased a new stake in Meta Platforms in the 2nd quarter worth about $322,000. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Meta Platforms Trading Up 0.5%

Shares of NASDAQ META opened at $678.62 on Tuesday. Meta Platforms, Inc. has a 1-year low of $520.26 and a 1-year high of $796.25. The business has a fifty day moving average price of $629.12 and a 200 day moving average price of $648.75. The stock has a market capitalization of $1.72 trillion, a P/E ratio of 28.88, a price-to-earnings-growth ratio of 1.10 and a beta of 1.31. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.60 and a quick ratio of 2.60.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its earnings results on Wednesday, January 28th. The social networking company reported $8.88 earnings per share for the quarter, beating the consensus estimate of $8.16 by $0.72. The company had revenue of $59.89 billion during the quarter, compared to the consensus estimate of $58.33 billion. Meta Platforms had a net margin of 30.08% and a return on equity of 38.61%. Meta Platforms's revenue was up 23.8% compared to the same quarter last year. During the same period last year, the firm earned $8.02 earnings per share. Equities research analysts expect that Meta Platforms, Inc. will post 29.83 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Monday, March 16th were paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 0.3%. The ex-dividend date was Monday, March 16th. Meta Platforms's payout ratio is presently 8.94%.

Wall Street Analysts Forecast Growth

META has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Meta Platforms in a research note on Friday, March 27th. KeyCorp dropped their price objective on Meta Platforms from $855.00 to $760.00 and set an "overweight" rating for the company in a report on Thursday, April 9th. Argus reiterated a "buy" rating and issued a $800.00 target price on shares of Meta Platforms in a research note on Monday, February 2nd. Wells Fargo & Company decreased their target price on Meta Platforms from $856.00 to $765.00 and set an "overweight" rating for the company in a research report on Thursday, April 2nd. Finally, Erste Group Bank lowered shares of Meta Platforms from a "buy" rating to a "hold" rating in a research note on Thursday, April 2nd. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $837.09.

View Our Latest Stock Analysis on META

Key Meta Platforms News

Here are the key news stories impacting Meta Platforms this week:

Insider Activity

In other Meta Platforms news, CTO Andrew Bosworth sold 8,089 shares of the stock in a transaction dated 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 of the company's stock, valued at approximately $1,793,352.84. This trade represents a 74.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Javier Olivan sold 2,778 shares of Meta Platforms stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of $629.45, for a total value of $1,748,612.10. Following the transaction, the chief operating officer owned 10,557 shares of the company's stock, valued at approximately $6,645,103.65. This represents a 20.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 165,600 shares of company stock valued at $106,023,973. Company insiders own 13.61% of the company's stock.

Meta Platforms Profile

(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.

Read More

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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