Meta Platforms, Inc. (NASDAQ:META) Stock Holdings Raised by Junto Capital Management LP

Junto Capital Management LP grew its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 23.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 70,063 shares of the social networking company's stock after purchasing an additional 13,355 shares during the period. Junto Capital Management LP's holdings in Meta Platforms were worth $41,023,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Norges Bank bought a new stake in shares of Meta Platforms during the 4th quarter valued at $19,949,512,000. Proficio Capital Partners LLC raised its position in shares of Meta Platforms by 78,471.1% in the 4th 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 acquiring an additional 6,240,810 shares during the period. Raymond James Financial Inc. bought a new position in Meta Platforms during the 4th quarter worth approximately $2,243,603,000. Northern Trust Corp increased its stake in Meta Platforms by 13.5% in 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 purchasing an additional 2,787,832 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Meta Platforms by 27.0% during the 4th 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 purchasing an additional 1,892,509 shares in the last quarter. 79.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Pivotal Research dropped their target price on Meta Platforms from $875.00 to $830.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Royal Bank of Canada restated an "outperform" rating and set a $740.00 target price on shares of Meta Platforms in a report on Thursday, May 1st. JMP Securities reissued a "market outperform" rating and issued a $750.00 price objective on shares of Meta Platforms in a research report on Wednesday, April 30th. Cantor Fitzgerald lifted their price target on shares of Meta Platforms from $624.00 to $676.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Finally, Truist Financial raised their price objective on Meta Platforms from $700.00 to $720.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $696.45.

Meta Platforms Price Performance

META stock traded up $14.74 during mid-day trading on Tuesday, reaching $654.17. The company's stock had a trading volume of 4,770,724 shares, compared to its average volume of 17,505,844. Meta Platforms, Inc. has a fifty-two week low of $442.65 and a fifty-two week high of $740.91. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.16. The company's 50 day moving average is $568.53 and its two-hundred day moving average is $605.22. The stock has a market cap of $1.66 trillion, a PE ratio of 27.33, a P/E/G 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. 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 the consensus estimate of $41.45 billion. During the same period in the previous year, the company posted $4.71 EPS. Meta Platforms's revenue was up 16.1% compared to the same quarter last year. Equities research analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Friday, March 14th were given a $0.525 dividend. The ex-dividend date of this dividend was Friday, March 14th. This is a boost from Meta Platforms's previous quarterly dividend of $0.50. This represents a $2.10 dividend on an annualized basis and a yield of 0.32%. Meta Platforms's payout ratio is 8.19%.

Insiders Place Their Bets

In other Meta Platforms news, CTO Andrew Bosworth sold 5,060 shares of the company's stock in a transaction dated Saturday, February 15th. The shares were sold at an average price of $736.67, for a total value of $3,727,550.20. Following the sale, the chief technology officer now owns 5,139 shares of the company's stock, valued at $3,785,747.13. This represents a 49.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mark Zuckerberg sold 19,668 shares of the business's stock in a transaction on Friday, February 14th. The shares were sold at an average price of $734.49, for a total value of $14,445,949.32. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 118,992 shares of company stock valued at $82,831,650. 13.71% of the stock is currently owned by insiders.

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.