Markel Group Inc. Has $93.69 Million Stock Holdings in Meta Platforms, Inc. (NASDAQ:META)

Markel Group Inc. lifted its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 2.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 264,681 shares of the social networking company's stock after purchasing an additional 5,800 shares during the quarter. Meta Platforms accounts for 1.0% of Markel Group Inc.'s holdings, making the stock its 29th biggest holding. Markel Group Inc.'s holdings in Meta Platforms were worth $93,686,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Private Trust Co. NA boosted its position in shares of Meta Platforms by 3.3% during the 3rd quarter. Private Trust Co. NA now owns 10,747 shares of the social networking company's stock worth $3,226,000 after acquiring an additional 339 shares in the last quarter. Wagner Wealth Management LLC boosted its holdings in shares of Meta Platforms by 28.0% in the 3rd quarter. Wagner Wealth Management LLC now owns 1,130 shares of the social networking company's stock valued at $339,000 after purchasing an additional 247 shares in the last quarter. Redwood Wealth Management Group LLC increased its stake in shares of Meta Platforms by 21.7% in the 3rd quarter. Redwood Wealth Management Group LLC now owns 1,764 shares of the social networking company's stock valued at $530,000 after purchasing an additional 315 shares during the last quarter. Strategic Blueprint LLC increased its stake in shares of Meta Platforms by 11.3% in the 3rd quarter. Strategic Blueprint LLC now owns 7,339 shares of the social networking company's stock valued at $2,203,000 after purchasing an additional 748 shares during the last quarter. Finally, Richelieu Gestion SA raised its holdings in shares of Meta Platforms by 29.1% during the 3rd quarter. Richelieu Gestion SA now owns 2,595 shares of the social networking company's stock worth $779,000 after buying an additional 585 shares in the last quarter. Institutional investors own 79.91% of the company's stock.

Insider Transactions at Meta Platforms

In related news, COO Javier Olivan sold 490 shares of the company's stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $488.03, for a total transaction of $239,134.70. Following the completion of the sale, the chief operating officer now owns 79,944 shares in the company, valued at $39,015,070.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, COO Javier Olivan sold 490 shares of the firm's stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $488.03, for a total transaction of $239,134.70. Following the transaction, the chief operating officer now directly owns 79,944 shares of the company's stock, valued at $39,015,070.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mark Zuckerberg sold 19,681 shares of the stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $393.85, for a total transaction of $7,751,361.85. The disclosure for this sale can be found here. Insiders sold a total of 1,349,148 shares of company stock valued at $649,552,559 over the last ninety days. 13.75% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

META has been the topic of a number of recent analyst reports. Needham & Company LLC reiterated an "underperform" rating on shares of Meta Platforms in a research report on Thursday. JPMorgan Chase & Co. decreased their price target on shares of Meta Platforms from $535.00 to $480.00 and set an "overweight" rating on the stock in a report on Thursday. Tigress Financial increased their price objective on shares of Meta Platforms from $435.00 to $575.00 and gave the company a "strong-buy" rating in a research note on Friday, February 9th. Oppenheimer decreased their target price on shares of Meta Platforms from $585.00 to $500.00 and set an "outperform" rating on the stock in a research note on Thursday. Finally, Citigroup dropped their price target on Meta Platforms from $590.00 to $550.00 and set a "buy" rating for the company in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirty-eight have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $509.18.

Meta Platforms Stock Up 0.4 %

META stock traded up $1.91 during midday trading on Friday, reaching $443.29. 32,645,619 shares of the company's stock traded hands, compared to its average volume of 18,391,986. Meta Platforms, Inc. has a 52 week low of $229.85 and a 52 week high of $531.49. The company has a market cap of $1.13 trillion, a price-to-earnings ratio of 25.46, a P/E/G ratio of 1.26 and a beta of 1.20. The firm's fifty day moving average price is $494.48 and its 200-day moving average price is $404.27. The company has a quick ratio of 2.67, a current ratio of 2.67 and a debt-to-equity ratio of 0.12.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its earnings results on Wednesday, April 24th. The social networking company reported $4.71 EPS for the quarter, topping the consensus estimate of $4.32 by $0.39. Meta Platforms had a net margin of 32.06% and a return on equity of 32.37%. The company had revenue of $36.46 billion during the quarter, compared to the consensus estimate of $36.28 billion. As a group, sell-side analysts forecast that Meta Platforms, Inc. will post 20.18 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Thursday, February 22nd were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.45%. The ex-dividend date was Wednesday, February 21st. Meta Platforms's dividend payout ratio (DPR) is presently 11.49%.

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.

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