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 Meta Platforms, Inc. (NASDAQ:META - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,986,162 shares of the social networking company's stock, valued at approximately $1,162,918,000. Meta Platforms accounts for approximately 2.3% of Universal Beteiligungs und Servicegesellschaft mbH's holdings, making the stock its 6th largest position. Universal Beteiligungs und Servicegesellschaft mbH owned 0.08% of Meta Platforms as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of META. Norges Bank acquired a new position in shares of Meta Platforms during the fourth quarter valued at $19,949,512,000. Proficio Capital Partners LLC boosted its stake 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 valued at $3,658,713,000 after buying an additional 6,240,810 shares in the last quarter. Raymond James Financial Inc. bought a new position in Meta Platforms during the fourth quarter valued at about $2,243,603,000. Northern Trust Corp boosted its stake 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 valued at $13,727,613,000 after buying an additional 2,787,832 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Meta Platforms by 27.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 8,901,521 shares of the social networking company's stock valued at $5,211,967,000 after buying an additional 1,892,509 shares in the last quarter. 79.91% of the stock is owned by institutional investors and hedge funds.

Meta Platforms Trading Up 2.4%

NASDAQ:META traded up $15.26 on Tuesday, reaching $642.32. The company's stock had a trading volume of 9,473,309 shares, compared to its average volume of 14,474,756. Meta Platforms, Inc. has a 1-year low of $442.65 and a 1-year high of $740.91. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.98 and a current ratio of 2.98. The firm has a market cap of $1.62 trillion, a PE ratio of 26.85, a PEG ratio of 1.42 and a beta of 1.24. The business's 50-day moving average price is $575.66 and its two-hundred day moving average price is $609.55.

Meta Platforms (NASDAQ:META - Get Free Report) last posted 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. Meta Platforms had a return on equity of 38.17% and a net margin of 37.91%. The firm had revenue of $42.31 billion during the quarter, compared to analysts' expectations of $41.45 billion. During the same period 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. Equities research analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Loop Capital upped their price target on shares of Meta Platforms from $695.00 to $888.00 and gave the company a "buy" rating in a research report on Friday, May 16th. JMP Securities reaffirmed a "market outperform" rating and set a $750.00 price target on shares of Meta Platforms in a research note on Wednesday, April 30th. Moffett Nathanson raised their price objective on Meta Platforms from $525.00 to $605.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Benchmark lowered their target price on Meta Platforms from $820.00 to $640.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Finally, Barclays lowered their target price on Meta Platforms from $705.00 to $640.00 and set an "overweight" rating on the stock in a report on Thursday, May 1st. One equities research 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 company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $701.05.

Insider Buying and Selling at Meta Platforms

In other news, insider Jennifer Newstead sold 519 shares of the company's 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 directly owns 30,740 shares of the company's stock, valued at $19,535,270. This represents a 1.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Christopher K. Cox sold 20,000 shares of the company's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $677.71, for a total value of $13,554,200.00. Following the transaction, the insider now directly owns 308,686 shares of the company's stock, valued at $209,199,589.06. This represents a 6.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 75,628 shares of company stock valued at $48,380,586. Company insiders own 13.71% 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.