Meta Platforms, Inc. (NASDAQ:META) Shares Acquired by Achmea Investment Management B.V.

Achmea Investment Management B.V. grew its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 17.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 300,809 shares of the social networking company's stock after buying an additional 43,860 shares during the quarter. Meta Platforms accounts for 2.5% of Achmea Investment Management B.V.'s holdings, making the stock its 5th largest holding. Achmea Investment Management B.V.'s holdings in Meta Platforms were worth $173,374,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Philip James Wealth Mangement LLC raised its holdings in shares of Meta Platforms by 37.4% in the first quarter. Philip James Wealth Mangement LLC now owns 639 shares of the social networking company's stock valued at $369,000 after acquiring an additional 174 shares in the last quarter. Quilter Plc increased its position in Meta Platforms by 10.0% during the 1st quarter. Quilter Plc now owns 210,014 shares of the social networking company's stock valued at $121,044,000 after purchasing an additional 19,072 shares during the period. Paragon Capital Management Inc. raised its holdings in shares of Meta Platforms by 50.7% in the 1st quarter. Paragon Capital Management Inc. now owns 4,171 shares of the social networking company's stock valued at $2,404,000 after purchasing an additional 1,404 shares in the last quarter. Jaffetilchin Investment Partners LLC raised its holdings in shares of Meta Platforms by 1.8% in the 1st quarter. Jaffetilchin Investment Partners LLC now owns 33,353 shares of the social networking company's stock valued at $19,223,000 after purchasing an additional 586 shares in the last quarter. Finally, Border to Coast Pensions Partnership Ltd lifted its position in shares of Meta Platforms by 8.9% in the 1st quarter. Border to Coast Pensions Partnership Ltd now owns 164,912 shares of the social networking company's stock worth $95,049,000 after purchasing an additional 13,521 shares during the period. Institutional investors own 79.91% of the company's stock.

Meta Platforms Price Performance

Shares of NASDAQ:META traded down $5.65 during midday trading on Wednesday, reaching $713.57. 9,315,187 shares of the company's stock traded hands, compared to its average volume of 14,561,669. The company has a fifty day simple moving average of $647.96 and a two-hundred day simple moving average of $627.91. Meta Platforms, Inc. has a 1 year low of $442.65 and a 1 year high of $747.90. The company has a market cap of $1.79 trillion, a P/E ratio of 27.83, a PEG ratio of 1.77 and a beta of 1.28. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.66 and a current ratio of 2.66.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The social networking company reported $6.43 earnings per share for the quarter, beating analysts' consensus estimates of $5.33 by $1.10. Meta Platforms had a net margin of 39.11% and a return on equity of 38.69%. The firm had revenue of $42.31 billion for the quarter, compared to analyst estimates of $41.45 billion. During the same period last year, the company posted $4.71 EPS. Meta Platforms's quarterly revenue was up 16.1% compared to the same quarter last year. Equities 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. Investors of record on Monday, June 16th were paid 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

Several equities analysts recently issued reports on META shares. Guggenheim lifted their price objective on shares of Meta Platforms from $675.00 to $725.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Truist Financial increased their target price on Meta Platforms from $700.00 to $720.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Cantor Fitzgerald boosted their price target on Meta Platforms from $676.00 to $807.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 18th. Stifel Nicolaus upped their price objective on Meta Platforms from $628.00 to $655.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Finally, Evercore ISI raised their price objective on Meta Platforms from $725.00 to $750.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-seven have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Meta Platforms currently has a consensus rating of "Moderate Buy" and an average target price of $719.29.

Insider Activity at Meta Platforms

In other news, COO Javier Olivan sold 517 shares of the stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $740.97, for a total value of $383,081.49. Following the completion of the sale, the chief operating officer owned 7,853 shares of the company's stock, valued at $5,818,837.41. This represents a 6.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Mark Zuckerberg sold 13,793 shares of Meta Platforms stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $723.89, for a total transaction of $9,984,614.77. Following the sale, the chief executive officer directly owned 2,361 shares in the company, valued at approximately $1,709,104.29. The trade was a 85.38% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 151,405 shares of company stock valued at $103,444,041. 13.61% of the stock is currently 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.