Meta Platforms, Inc. (NASDAQ:META) Shares Acquired by AMS Capital Ltda

AMS Capital Ltda grew its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 8.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 46,389 shares of the social networking company's stock after purchasing an additional 3,705 shares during the period. Meta Platforms makes up approximately 11.0% of AMS Capital Ltda's investment portfolio, making the stock its 4th largest holding. AMS Capital Ltda's holdings in Meta Platforms were worth $26,737,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in Meta Platforms during the fourth quarter worth about $19,949,512,000. GAMMA Investing LLC raised its holdings in 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 worth $13,517,178,000 after acquiring an additional 23,417,803 shares in the last quarter. Proficio Capital Partners LLC raised its holdings in 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 worth $3,658,713,000 after acquiring an additional 6,240,810 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Meta Platforms during the fourth quarter worth about $2,243,603,000. Finally, Northern Trust Corp raised its holdings in 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 worth $13,727,613,000 after acquiring an additional 2,787,832 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the company. TD Securities dropped their target price on Meta Platforms from $725.00 to $700.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. KeyCorp boosted their price target on Meta Platforms from $645.00 to $655.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Monness Crespi & Hardt boosted their price target on Meta Platforms from $775.00 to $780.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. JMP Securities reissued a "market outperform" rating and set a $750.00 price target on shares of Meta Platforms in a research report on Wednesday, April 30th. Finally, Needham & Company LLC reissued an "underperform" rating on shares of Meta Platforms in a research report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-seven have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $702.48.

Insider Activity

In other news, COO Javier Olivan sold 608 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $609.00, for a total value of $370,272.00. Following the completion of the transaction, the chief operating officer now directly owns 8,054 shares in the company, valued at approximately $4,904,886. This represents a 7.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jennifer Newstead sold 519 shares of the stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $671.00, for a total value of $348,249.00. Following the completion of the transaction, the insider now owns 29,702 shares of the company's stock, valued at $19,930,042. The trade was a 1.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 56,171 shares of company stock worth $35,163,457. Insiders own 13.61% of the company's stock.

Meta Platforms Price Performance

NASDAQ META traded up $13.09 on Friday, hitting $697.71. 11,707,462 shares of the company's stock were exchanged, compared to its average volume of 14,531,332. The stock has a 50-day moving average of $587.67 and a 200-day moving average of $615.55. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.16. Meta Platforms, Inc. has a 52 week low of $442.65 and a 52 week high of $740.91. The stock has a market cap of $1.75 trillion, a price-to-earnings ratio of 29.17, a P/E/G ratio of 1.42 and a beta of 1.26.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The social networking company reported $6.43 EPS for the quarter, beating 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 company had revenue of $42.31 billion during the quarter, compared to analysts' expectations of $41.45 billion. During the same period in the prior year, the company earned $4.71 EPS. Meta Platforms's revenue was up 16.1% compared to the same quarter last year. Analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Monday, June 16th will be paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date is Monday, June 16th. Meta Platforms's payout ratio is 8.19%.

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.