Untitled Investments LP Buys 4,540 Shares of Meta Platforms, Inc. (NASDAQ:META)

Untitled Investments LP grew its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 14.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 35,178 shares of the social networking company's stock after buying an additional 4,540 shares during the quarter. Meta Platforms accounts for 5.0% of Untitled Investments LP's investment portfolio, making the stock its 11th largest holding. Untitled Investments LP's holdings in Meta Platforms were worth $20,597,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Millstone Evans Group LLC purchased a new position in shares of Meta Platforms in the 4th quarter valued at about $40,000. Avondale Wealth Management purchased a new position in shares of Meta Platforms during the 4th quarter worth approximately $41,000. WealthTrak Capital Management LLC acquired a new position in shares of Meta Platforms during the 4th quarter worth approximately $43,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in Meta Platforms in the 4th quarter valued at approximately $45,000. Finally, Cordant Inc. purchased a new stake in Meta Platforms in the 4th quarter valued at approximately $59,000. Hedge funds and other institutional investors own 79.91% of the company's stock.

Insider Buying and Selling

In related news, CFO Susan J. Li sold 8,553 shares of the stock in a transaction dated Saturday, February 15th. The shares were sold at an average price of $736.67, for a total transaction of $6,300,738.51. Following the completion of the sale, the chief financial officer now owns 51,793 shares in the company, valued at $38,154,349.31. This trade represents a 14.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Mark Zuckerberg sold 12,975 shares of the stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $696.39, for a total transaction of $9,035,660.25. Following the sale, the chief executive officer now owns 210,971 shares of the company's stock, valued at $146,918,094.69. This trade represents a 5.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 249,071 shares of company stock worth $175,741,082 in the last quarter. 13.71% of the stock is owned by corporate insiders.

Meta Platforms Price Performance

Shares of META stock traded down $5.44 during mid-day trading on Wednesday, reaching $549.00. The company's stock had a trading volume of 27,728,501 shares, compared to its average volume of 14,382,210. Meta Platforms, Inc. has a 1-year low of $427.11 and a 1-year high of $740.91. The company has a market cap of $1.39 trillion, a P/E ratio of 22.95, a PEG ratio of 1.42 and a beta of 1.28. 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's 50-day moving average is $578.42 and its two-hundred day moving average is $603.67.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its quarterly earnings data 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 net margin of 37.91% and a return on equity of 38.17%. During the same period in the previous year, the business posted $4.71 earnings per share. The company's quarterly revenue was up 16.1% on a year-over-year basis. On average, research analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Friday, March 14th were given a dividend of $0.525 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.38%. This is a boost from Meta Platforms's previous quarterly dividend of $0.50. Meta Platforms's dividend payout ratio (DPR) is 8.78%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on META shares. UBS Group reduced their target price on Meta Platforms from $786.00 to $650.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Tigress Financial reaffirmed a "strong-buy" rating on shares of Meta Platforms in a research note on Tuesday, February 11th. Wells Fargo & Company upped their target price on Meta Platforms from $685.00 to $752.00 and gave the company an "overweight" rating in a research note on Thursday, January 30th. JMP Securities reissued a "market outperform" rating and set a $750.00 price target on shares of Meta Platforms in a research note on Wednesday. Finally, The Goldman Sachs Group decreased their price objective on Meta Platforms from $765.00 to $685.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $681.95.

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.