Meta Platforms, Inc. (NASDAQ:META) is Motley Fool Asset Management LLC's 9th Largest Position

Motley Fool Asset Management LLC boosted its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 6.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 74,237 shares of the social networking company's stock after acquiring an additional 4,510 shares during the quarter. Meta Platforms accounts for about 2.0% of Motley Fool Asset Management LLC's investment portfolio, making the stock its 9th largest holding. Motley Fool Asset Management LLC's holdings in Meta Platforms were worth $26,277,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the business. FMR LLC lifted its stake in shares of Meta Platforms by 4.0% in the 3rd quarter. FMR LLC now owns 130,809,908 shares of the social networking company's stock valued at $39,270,443,000 after purchasing an additional 5,001,647 shares during the period. International Assets Investment Management LLC lifted its stake in shares of Meta Platforms by 11,154.4% in the 4th quarter. International Assets Investment Management LLC now owns 4,952,254 shares of the social networking company's stock valued at $1,752,900,000 after purchasing an additional 4,908,251 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Meta Platforms by 55.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,632,631 shares of the social networking company's stock valued at $2,591,602,000 after purchasing an additional 3,093,715 shares during the period. Cerity Partners LLC lifted its stake in shares of Meta Platforms by 1,457.5% in the 4th quarter. Cerity Partners LLC now owns 3,156,360 shares of the social networking company's stock valued at $1,117,225,000 after purchasing an additional 2,953,704 shares during the period. Finally, Lone Pine Capital LLC purchased a new position in shares of Meta Platforms in the 3rd quarter valued at approximately $834,315,000. Hedge funds and other institutional investors own 79.91% of the company's stock.

Meta Platforms Price Performance

Shares of Meta Platforms stock traded down $52.12 during trading hours on Thursday, hitting $441.38. The company's stock had a trading volume of 82,642,094 shares, compared to its average volume of 18,210,709. The business has a 50 day moving average price of $495.08 and a two-hundred day moving average price of $403.40. Meta Platforms, Inc. has a 12-month low of $208.88 and a 12-month high of $531.49. The company has a market cap of $1.13 trillion, a PE ratio of 29.62, a PEG ratio of 1.27 and a beta of 1.20. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.67 and a current ratio of 2.67.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The social networking company reported $4.71 EPS for the quarter, beating the consensus estimate of $4.32 by $0.39. Meta Platforms had a return on equity of 29.48% and a net margin of 28.98%. The business had revenue of $36.46 billion for the quarter, compared to the consensus estimate of $36.28 billion. Analysts expect that Meta Platforms, Inc. will post 20.18 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Thursday, February 22nd were issued a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $2.00 annualized dividend and a dividend yield of 0.45%. Meta Platforms's dividend payout ratio (DPR) is 13.42%.

Insider Transactions at Meta Platforms

In other Meta Platforms news, CEO Mark Zuckerberg sold 19,681 shares of the business's stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $394.76, for a total transaction of $7,769,271.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Meta Platforms news, CEO Mark Zuckerberg sold 19,681 shares of the business's stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $394.76, for a total transaction of $7,769,271.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CTO Andrew Bosworth sold 8,036 shares of the company's stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $473.28, for a total value of $3,803,278.08. Following the transaction, the chief technology officer now directly owns 18,432 shares in the company, valued at approximately $8,723,496.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,368,829 shares of company stock valued at $657,321,830. 13.75% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on META. Royal Bank of Canada reduced their price objective on Meta Platforms from $600.00 to $570.00 and set an "outperform" rating for the company in a research report on Thursday. JPMorgan Chase & Co. reduced their price objective on Meta Platforms from $535.00 to $480.00 and set an "overweight" rating for the company in a research report on Thursday. Truist Financial reduced their price objective on Meta Platforms from $550.00 to $535.00 and set a "buy" rating for the company in a research report on Thursday. KeyCorp reduced their price objective on Meta Platforms from $575.00 to $555.00 and set an "overweight" rating for the company in a research report on Monday. Finally, Wolfe Research reduced their price objective on Meta Platforms from $530.00 to $500.00 and set an "outperform" rating for the company in a research report on Thursday. One investment analyst has rated the stock with a sell rating, three have given a hold rating, thirty-eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $509.18.

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.

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