Thoma Capital Management LLC Makes New Investment in Meta Platforms, Inc. (NASDAQ:META)

Thoma Capital Management LLC acquired a new stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,873 shares of the social networking company's stock, valued at approximately $1,097,000. Meta Platforms makes up about 0.8% of Thoma Capital Management LLC's holdings, making the stock its 18th biggest position.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fjell Capital LLC bought a new position in Meta Platforms in the fourth quarter valued at about $1,836,000. Opulen Financial Group LLC bought a new position in Meta Platforms in the fourth quarter valued at about $325,000. Daner Wealth Management LLC bought a new position in Meta Platforms in the fourth quarter valued at about $334,000. Appleton Partners Inc. MA raised its position in Meta Platforms by 3.7% in the fourth quarter. Appleton Partners Inc. MA now owns 26,312 shares of the social networking company's stock valued at $15,406,000 after purchasing an additional 951 shares during the last quarter. Finally, Brighton Jones LLC raised its position in Meta Platforms by 1.7% in the fourth quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock valued at $20,230,000 after purchasing an additional 570 shares during the last quarter. 79.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. raised their price objective on Meta Platforms from $610.00 to $675.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Morgan Stanley raised their price objective on Meta Platforms from $615.00 to $650.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Loop Capital raised their price objective on Meta Platforms from $695.00 to $888.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Susquehanna lowered their price objective on Meta Platforms from $800.00 to $700.00 and set a "positive" rating for the company in a research report on Thursday, May 1st. Finally, Piper Sandler raised their price objective on Meta Platforms from $610.00 to $650.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-seven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Meta Platforms has a consensus rating of "Moderate Buy" and an average price target of $701.05.

Meta Platforms Stock Up 0.2%

NASDAQ:META traded up $1.47 during mid-day trading on Thursday, hitting $645.05. The company had a trading volume of 8,853,767 shares, compared to its average volume of 14,469,198. The business has a fifty day simple moving average of $577.74 and a 200-day simple moving average of $610.01. 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 1 year low of $442.65 and a 1 year high of $740.91. The firm has a market capitalization of $1.62 trillion, a price-to-earnings ratio of 26.97, a PEG ratio of 1.42 and a beta of 1.24.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The social networking company reported $6.43 EPS 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 during the quarter, compared to the consensus estimate of $41.45 billion. During the same period last year, the firm earned $4.71 earnings per share. The company's revenue for the quarter was up 16.1% compared to the same quarter last year. Equities analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Monday, June 16th will be issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.33%. Meta Platforms's dividend payout ratio (DPR) is presently 8.19%.

Insider Activity

In other Meta Platforms news, CTO Andrew Bosworth sold 22,449 shares of the stock in a transaction on Friday, May 16th. The shares were sold at an average price of $636.85, for a total transaction of $14,296,645.65. Following the transaction, the chief technology officer now directly owns 1,183 shares of the company's stock, valued at $753,393.55. This represents a 94.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Susan J. Li sold 6,874 shares of the stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $659.36, for a total transaction of $4,532,440.64. Following the transaction, the chief financial officer now directly owns 70,040 shares in the company, valued at $46,181,574.40. The trade was a 8.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 55,628 shares of company stock valued at $34,826,386. Insiders own 13.61% of the company's stock.

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.