Meta Platforms, Inc. (NASDAQ:META) Shares Bought by Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A.

Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. increased its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 197.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 43,759 shares of the social networking company's stock after purchasing an additional 29,070 shares during the period. Meta Platforms makes up approximately 3.1% of Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A.'s investment portfolio, making the stock its 13th largest position. Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A.'s holdings in Meta Platforms were worth $25,621,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Lantern Wealth Advisors LLC grew its position in Meta Platforms by 0.5% during the 4th quarter. Lantern Wealth Advisors LLC now owns 2,976 shares of the social networking company's stock worth $1,743,000 after purchasing an additional 14 shares during the last quarter. Delta Investment Management LLC grew its stake in shares of Meta Platforms by 23.2% during the 4th quarter. Delta Investment Management LLC now owns 2,637 shares of the social networking company's stock worth $1,544,000 after purchasing an additional 496 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Meta Platforms by 2.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,007,308 shares of the social networking company's stock worth $7,030,399,000 after acquiring an additional 280,357 shares during the period. Worldquant Millennium Advisors LLC raised its stake in shares of Meta Platforms by 88.7% during the 4th quarter. Worldquant Millennium Advisors LLC now owns 673,029 shares of the social networking company's stock worth $394,065,000 after buying an additional 316,392 shares during the last quarter. Finally, Waverly Advisors LLC raised its position in shares of Meta Platforms by 34.5% during the 4th quarter. Waverly Advisors LLC now owns 22,827 shares of the social networking company's stock worth $13,366,000 after purchasing an additional 5,859 shares during the last quarter. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Meta Platforms Stock Up 0.0%

Shares of Meta Platforms stock opened at $640.43 on Tuesday. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.16. The company has a market cap of $1.61 trillion, a P/E ratio of 26.77, a PEG ratio of 1.42 and a beta of 1.24. The firm's 50 day moving average price is $571.79 and its 200-day moving average price is $607.61. Meta Platforms, Inc. has a 52-week low of $442.65 and a 52-week high of $740.91.

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, topping analysts' consensus estimates of $5.33 by $1.10. Meta Platforms had a return on equity of 38.17% and a net margin of 37.91%. The business had revenue of $42.31 billion for the quarter, compared to analyst estimates of $41.45 billion. During the same quarter in the previous year, the firm earned $4.71 earnings per share. The company's revenue was up 16.1% on a year-over-year basis. On average, sell-side analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Jennifer Newstead sold 921 shares of the company's stock in a transaction that occurred on Tuesday, April 22nd. The stock was sold at an average price of $491.87, for a total value of $453,012.27. Following the completion of the sale, the insider now directly owns 27,498 shares in the company, valued at $13,525,441.26. This represents a 3.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Javier Olivan sold 2,615 shares of the company's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $659.36, for a total value of $1,724,226.40. Following the completion of the sale, the chief operating officer now owns 5,437 shares of the company's stock, valued at approximately $3,584,940.32. The trade was a 32.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 98,837 shares of company stock valued at $64,758,661 over the last ninety days. Company insiders own 13.71% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Cantor Fitzgerald increased their target price on Meta Platforms from $624.00 to $676.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Bank of America raised their price objective on Meta Platforms from $640.00 to $690.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. JPMorgan Chase & Co. boosted their price objective on Meta Platforms from $610.00 to $675.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. DA Davidson dropped their price target on shares of Meta Platforms from $800.00 to $650.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, Argus set a $775.00 target price on Meta Platforms in a research note on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, thirty-seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $701.05.

About Meta Platforms

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.

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