Commerzbank Aktiengesellschaft FI Has $161.41 Million Holdings in Meta Platforms, Inc. (NASDAQ:META)

Commerzbank Aktiengesellschaft FI raised its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 4.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 280,043 shares of the social networking company's stock after acquiring an additional 13,075 shares during the quarter. Meta Platforms accounts for about 3.8% of Commerzbank Aktiengesellschaft FI's holdings, making the stock its 5th biggest position. Commerzbank Aktiengesellschaft FI's holdings in Meta Platforms were worth $161,406,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Bear Mountain Capital Inc. increased its position in shares of Meta Platforms by 101.8% in the first quarter. Bear Mountain Capital Inc. now owns 222 shares of the social networking company's stock valued at $123,000 after buying an additional 112 shares in the last quarter. Kooman & Associates increased its position in shares of Meta Platforms by 16.5% in the first quarter. Kooman & Associates now owns 529 shares of the social networking company's stock valued at $305,000 after buying an additional 75 shares in the last quarter. Kingsview Wealth Management LLC increased its position in shares of Meta Platforms by 124.8% in the first quarter. Kingsview Wealth Management LLC now owns 94,478 shares of the social networking company's stock valued at $54,454,000 after buying an additional 52,455 shares in the last quarter. Members Trust Co increased its position in shares of Meta Platforms by 53.0% in the first quarter. Members Trust Co now owns 901 shares of the social networking company's stock valued at $519,000 after buying an additional 312 shares in the last quarter. Finally, Frederick Financial Consultants LLC increased its position in shares of Meta Platforms by 25.2% in the first quarter. Frederick Financial Consultants LLC now owns 1,265 shares of the social networking company's stock valued at $729,000 after buying an additional 255 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company's stock.

Insiders Place Their Bets

In other Meta Platforms news, insider Jennifer Newstead sold 519 shares of Meta Platforms stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $716.10, for a total transaction of $371,655.90. Following the sale, the insider directly owned 26,069 shares in the company, valued at $18,668,010.90. The trade was a 1.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Javier Olivan sold 517 shares of Meta Platforms stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $706.41, for a total value of $365,213.97. Following the sale, the chief operating officer owned 6,302 shares in the company, valued at $4,451,795.82. This represents a 7.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 153,473 shares of company stock valued at $105,805,440 over the last 90 days. 13.61% of the stock is owned by company insiders.

Meta Platforms Stock Up 0.4%

Meta Platforms stock traded up $2.58 during midday trading on Friday, hitting $717.38. 2,422,426 shares of the company were exchanged, compared to its average volume of 15,411,102. The company's fifty day moving average price is $691.04 and its 200-day moving average price is $640.92. The company has a market cap of $1.80 trillion, a PE ratio of 27.98, a price-to-earnings-growth ratio of 1.71 and a beta of 1.28. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.66 and a quick ratio of 2.66. Meta Platforms, Inc. has a fifty-two week low of $450.80 and a fifty-two week high of $747.90.

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 the consensus estimate of $5.33 by $1.10. Meta Platforms had a return on equity of 38.69% and a net margin of 39.11%. The company had revenue of $42.31 billion for the quarter, compared to the consensus estimate of $41.45 billion. During the same period in the previous year, the business earned $4.71 EPS. Meta Platforms's revenue for the quarter was up 16.1% compared to the same quarter last year. On average, research analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Monday, June 16th were issued a dividend of $0.525 per share. The ex-dividend date was Monday, June 16th. This represents a $2.10 annualized dividend and a yield of 0.29%. Meta Platforms's dividend payout ratio is presently 8.19%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. TD Securities dropped their price target on Meta Platforms from $725.00 to $700.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Pivotal Research dropped their price objective on Meta Platforms from $875.00 to $830.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Cantor Fitzgerald lifted their price objective on Meta Platforms from $807.00 to $828.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Morgan Stanley lifted their price objective on Meta Platforms from $650.00 to $750.00 and gave the stock an "overweight" rating in a research report on Monday. Finally, Jefferies Financial Group dropped their price objective on Meta Platforms from $725.00 to $600.00 and set a "buy" rating for the company in a research report on Monday, April 7th. Five equities research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Meta Platforms has an average rating of "Moderate Buy" and an average target price of $752.33.

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.