Universal Beteiligungs und Servicegesellschaft mbH Invests $1.16 Billion in Meta Platforms, Inc. (NASDAQ:META)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,986,162 shares of the social networking company's stock, valued at approximately $1,162,918,000. Meta Platforms makes up about 2.3% of Universal Beteiligungs und Servicegesellschaft mbH's holdings, making the stock its 6th biggest holding. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.08% of Meta Platforms as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Valley Financial Group Inc. lifted its stake in shares of Meta Platforms by 2.4% in the fourth quarter. Valley Financial Group Inc. now owns 588 shares of the social networking company's stock worth $344,000 after buying an additional 14 shares during the last quarter. Lantern Wealth Advisors LLC lifted 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 acquiring an additional 14 shares during the last quarter. Seelaus Asset Management LLC lifted its position in Meta Platforms by 0.9% during the 4th quarter. Seelaus Asset Management LLC now owns 1,640 shares of the social networking company's stock worth $960,000 after acquiring an additional 15 shares during the last quarter. Meredith Wealth Planning boosted its holdings in Meta Platforms by 0.8% during the fourth quarter. Meredith Wealth Planning now owns 1,873 shares of the social networking company's stock valued at $1,097,000 after acquiring an additional 15 shares during the period. Finally, Maiden Cove Capital LLC grew its position in shares of Meta Platforms by 3.2% in the fourth quarter. Maiden Cove Capital LLC now owns 481 shares of the social networking company's stock valued at $282,000 after purchasing an additional 15 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Meta Platforms Trading Up 0.2%

META stock traded up $1.26 during midday trading on Wednesday, reaching $643.58. The company's stock had a trading volume of 8,878,338 shares, compared to its average volume of 14,452,537. The business's 50-day simple moving average is $576.79 and its 200-day simple moving average is $609.77. The company has a quick ratio of 2.98, a current 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 $1.62 trillion, a PE ratio of 26.91, a price-to-earnings-growth ratio of 1.42 and a beta of 1.24.

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

Insider Activity at Meta Platforms

In other Meta Platforms news, insider Jennifer Newstead sold 519 shares of the stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $635.50, for a total transaction of $329,824.50. Following the completion of the transaction, the insider now owns 30,740 shares in the company, valued at approximately $19,535,270. This represents a 1.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Susan J. Li sold 6,874 shares of the business's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $659.36, for a total value of $4,532,440.64. Following the completion of the sale, the chief financial officer now owns 70,040 shares in the company, valued at approximately $46,181,574.40. This trade represents 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 sold 75,628 shares of company stock worth $48,380,586. 13.61% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on META shares. Wells Fargo & Company decreased their target price on Meta Platforms from $752.00 to $664.00 and set an "overweight" rating for the company in a research note on Thursday, May 1st. Morgan Stanley increased their price objective on Meta Platforms from $615.00 to $650.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Susquehanna dropped their target price on shares of Meta Platforms from $800.00 to $700.00 and set a "positive" rating on the stock in a research report on Thursday, May 1st. Stifel Nicolaus increased their price target on shares of Meta Platforms from $628.00 to $655.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Finally, Monness Crespi & Hardt raised their price target on shares of Meta Platforms from $775.00 to $780.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating, thirty-seven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $701.05.

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.