Aubrey Capital Management Ltd Has $3.46 Million Holdings in Meta Platforms, Inc. (NASDAQ:META)

Aubrey Capital Management Ltd decreased its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 22.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,000 shares of the social networking company's stock after selling 1,700 shares during the period. Meta Platforms comprises about 1.4% of Aubrey Capital Management Ltd's investment portfolio, making the stock its 21st biggest holding. Aubrey Capital Management Ltd's holdings in Meta Platforms were worth $3,458,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of META. Norges Bank bought a new position in Meta Platforms in the fourth quarter worth about $19,949,512,000. GAMMA Investing LLC raised its holdings in shares of Meta Platforms by 67,172.9% during the first quarter. GAMMA Investing LLC now owns 23,452,665 shares of the social networking company's stock valued at $13,517,178,000 after buying an additional 23,417,803 shares during the last quarter. Proficio Capital Partners LLC raised its holdings in shares of Meta Platforms by 78,471.1% during the fourth quarter. Proficio Capital Partners LLC now owns 6,248,763 shares of the social networking company's stock valued at $3,658,713,000 after buying an additional 6,240,810 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Meta Platforms during the fourth quarter valued at approximately $2,243,603,000. Finally, Northern Trust Corp raised its holdings in shares of Meta Platforms by 13.5% during the fourth quarter. Northern Trust Corp now owns 23,445,565 shares of the social networking company's stock valued at $13,727,613,000 after buying an additional 2,787,832 shares during the last quarter. Institutional investors own 79.91% of the company's stock.

Meta Platforms Trading Down 1.5%

Meta Platforms stock traded down $10.49 during midday trading on Friday, reaching $682.87. The stock had a trading volume of 9,259,272 shares, compared to its average volume of 14,521,911. The firm's fifty day simple moving average is $604.07 and its two-hundred day simple moving average is $619.60. The firm has a market cap of $1.72 trillion, a price-to-earnings ratio of 28.55, a PEG ratio of 1.42 and a beta of 1.26. Meta Platforms, Inc. has a twelve month low of $442.65 and a twelve month high of $740.91. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.98 and a quick ratio of 2.98.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its earnings results on Wednesday, April 30th. The social networking company reported $6.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.33 by $1.10. The company had revenue of $42.31 billion during the quarter, compared to analyst estimates of $41.45 billion. Meta Platforms had a net margin of 37.91% and a return on equity of 38.17%. The company's revenue for the quarter was up 16.1% on a year-over-year basis. During the same quarter last year, the business posted $4.71 EPS. Equities analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Monday, June 16th will be paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date of this dividend is Monday, June 16th. Meta Platforms's dividend payout ratio (DPR) is currently 8.19%.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, COO Javier Olivan sold 608 shares of Meta Platforms stock in a transaction on Monday, March 17th. The shares were sold at an average price of $607.50, for a total transaction of $369,360.00. Following the completion of the sale, the chief operating officer now owns 7,446 shares of the company's stock, valued at $4,523,445. This trade represents a 7.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Susan J. Li sold 6,874 shares of Meta Platforms stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $659.36, for a total transaction of $4,532,440.64. Following the sale, the chief financial officer now directly owns 70,040 shares of the company's stock, valued at $46,181,574.40. This trade represents a 8.94% decrease in their position. The disclosure for this sale can be found here. Insiders sold 86,201 shares of company stock valued at $56,377,837 in the last quarter. Company insiders own 13.61% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on META shares. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $676.00 price target on shares of Meta Platforms in a report on Wednesday. KeyCorp lifted their price target on Meta Platforms from $645.00 to $655.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. DA Davidson cut their price target on Meta Platforms from $800.00 to $650.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Guggenheim lifted their price target on Meta Platforms from $675.00 to $725.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Finally, Citigroup lifted their price target on Meta Platforms from $655.00 to $690.00 and gave the company a "buy" rating in a report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-seven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $704.26.

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.