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

Untitled Investments LP boosted its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 14.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,178 shares of the social networking company’s stock after acquiring an additional 4,540 shares during the quarter. Meta Platforms accounts for 5.0% of Untitled Investments LP’s portfolio, making the stock its 11th biggest holding. Untitled Investments LP’s holdings in Meta Platforms were worth $20,597,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of META. Howard Capital Management Group LLC lifted its holdings in Meta Platforms by 17.9% during the 3rd quarter. Howard Capital Management Group LLC now owns 1,652 shares of the social networking company’s stock valued at $946,000 after buying an additional 251 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Meta Platforms by 6.5% during the third quarter. Principal Financial Group Inc. now owns 3,368,361 shares of the social networking company’s stock worth $1,928,185,000 after acquiring an additional 204,412 shares during the period. SOA Wealth Advisors LLC. raised its stake in shares of Meta Platforms by 9.1% during the third quarter. SOA Wealth Advisors LLC. now owns 3,219 shares of the social networking company’s stock valued at $1,842,000 after acquiring an additional 269 shares in the last quarter. Aldebaran Financial Inc. raised its stake in shares of Meta Platforms by 10.2% during the third quarter. Aldebaran Financial Inc. now owns 2,853 shares of the social networking company’s stock valued at $1,633,000 after acquiring an additional 264 shares in the last quarter. Finally, Te Ahumairangi Investment Management Ltd boosted its holdings in shares of Meta Platforms by 9.5% in the third quarter. Te Ahumairangi Investment Management Ltd now owns 17,048 shares of the social networking company’s stock valued at $9,704,000 after purchasing an additional 1,480 shares during the period. Institutional investors own 79.91% of the company’s stock.

Insiders Place Their Bets

In other Meta Platforms news, insider Christopher K. Cox sold 20,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $677.71, for a total transaction of $13,554,200.00. Following the completion of the transaction, the insider now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jennifer Newstead sold 905 shares of Meta Platforms stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $702.24, for a total value of $635,527.20. Following the completion of the sale, the insider now directly owns 28,390 shares in the company, valued at $19,936,593.60. This represents a 3.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 284,384 shares of company stock worth $199,598,622. Company insiders own 13.71% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on META. The Goldman Sachs Group decreased their target price on Meta Platforms from $765.00 to $685.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Argus set a $775.00 price target on shares of Meta Platforms in a research report on Tuesday, February 4th. Oppenheimer increased their price objective on shares of Meta Platforms from $650.00 to $800.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Wedbush reduced their price objective on shares of Meta Platforms from $770.00 to $680.00 and set an “outperform” rating for the company in a research note on Tuesday, April 15th. Finally, Guggenheim dropped their target price on Meta Platforms from $750.00 to $675.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $681.95.

Meta Platforms Trading Up 0.5 %

Shares of Meta Platforms stock opened at $549.74 on Tuesday. The firm has a 50-day simple moving average of $583.92 and a two-hundred day simple moving average of $604.40. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.98 and a current ratio of 2.98. Meta Platforms, Inc. has a fifty-two week low of $427.11 and a fifty-two week high of $740.91. The company has a market cap of $1.39 trillion, a P/E ratio of 22.98, a price-to-earnings-growth ratio of 1.42 and a beta of 1.28.

Meta Platforms (NASDAQ:META) last released its quarterly earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share for the quarter, topping analysts’ consensus estimates of $6.75 by $1.27. Meta Platforms had a return on equity of 38.17% and a net margin of 37.91%. During the same period in the previous year, the business posted $5.33 earnings per share. As a group, equities analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal 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 issued a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 0.38%. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from Meta Platforms’s previous quarterly dividend of $0.50. Meta Platforms’s payout ratio is presently 8.78%.

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.