Vanderbilt University Increases Stock Holdings in Meta Platforms, Inc. $META

Vanderbilt University boosted its position in Meta Platforms, Inc. (NASDAQ:METAFree Report) by 15.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,089 shares of the social networking company’s stock after acquiring an additional 1,747 shares during the period. Meta Platforms accounts for about 1.5% of Vanderbilt University’s holdings, making the stock its 9th biggest position. Vanderbilt University’s holdings in Meta Platforms were worth $8,640,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Westchester Capital Management Inc. bought a new position in Meta Platforms in the third quarter worth approximately $26,000. Evergreen Private Wealth LLC boosted its holdings in Meta Platforms by 64.8% in the third quarter. Evergreen Private Wealth LLC now owns 89 shares of the social networking company’s stock worth $65,000 after acquiring an additional 35 shares in the last quarter. PMV Capital Advisers LLC boosted its holdings in Meta Platforms by 26.3% in the fourth quarter. PMV Capital Advisers LLC now owns 96 shares of the social networking company’s stock worth $63,000 after acquiring an additional 20 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new position in Meta Platforms in the third quarter worth approximately $71,000. Finally, Dorato Capital Management bought a new position in Meta Platforms in the fourth quarter worth approximately $62,000. Institutional investors own 79.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on META. Morgan Stanley cut their price target on Meta Platforms from $825.00 to $775.00 and set an “overweight” rating on the stock in a report on Monday, March 30th. Citigroup restated an “outperform” rating on shares of Meta Platforms in a report on Thursday, January 29th. Tigress Financial raised their target price on Meta Platforms from $935.00 to $945.00 and gave the company a “strong-buy” rating in a report on Wednesday, March 18th. Barclays restated an “overweight” rating and issued a $800.00 target price (up from $770.00) on shares of Meta Platforms in a report on Thursday, January 29th. Finally, UBS Group restated a “buy” rating and issued a $872.00 target price (up from $830.00) on shares of Meta Platforms in a report on Thursday, January 29th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $837.72.

Read Our Latest Stock Analysis on Meta Platforms

Meta Platforms News Summary

Here are the key news stories impacting Meta Platforms this week:

Meta Platforms Stock Performance

Shares of Meta Platforms stock opened at $662.36 on Wednesday. The business’s fifty day simple moving average is $626.76 and its 200 day simple moving average is $651.90. The firm has a market capitalization of $1.68 trillion, a P/E ratio of 28.19, a price-to-earnings-growth ratio of 0.98 and a beta of 1.31. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25. The company has a current ratio of 2.60, a quick ratio of 2.60 and a debt-to-equity ratio of 0.27.

Meta Platforms (NASDAQ:METAGet Free Report) last issued its quarterly earnings results on Wednesday, January 28th. The social networking company reported $8.88 EPS for the quarter, topping analysts’ consensus estimates of $8.16 by $0.72. The business had revenue of $59.89 billion for the quarter, compared to analyst estimates of $58.33 billion. Meta Platforms had a return on equity of 38.61% and a net margin of 30.08%.Meta Platforms’s quarterly revenue was up 23.8% compared to the same quarter last year. During the same period last year, the company posted $8.02 earnings per share. As a group, analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Monday, March 16th were issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Monday, March 16th. Meta Platforms’s dividend payout ratio (DPR) is 8.94%.

Insider Buying and Selling

In related news, CFO Susan J. Li sold 56,571 shares of Meta Platforms stock in a transaction on Friday, February 27th. The stock was sold at an average price of $644.70, for a total transaction of $36,471,323.70. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Javier Olivan sold 926 shares of Meta Platforms stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $605.38, for a total value of $560,581.88. Following the sale, the chief operating officer owned 13,335 shares in the company, valued at $8,072,742.30. This trade represents a 6.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 160,414 shares of company stock worth $102,659,925. 13.61% of the stock is owned by company insiders.

Meta Platforms Company Profile

(Free Report)

Meta Platforms, Inc (NASDAQ: META), formerly Facebook, Inc, is a global technology company best known for building social networking services and immersive computing platforms. Founded in 2004 and headquartered in Menlo Park, California, the company operates a family of consumer-facing products and services that connect users, creators and businesses. In October 2021 the company rebranded as Meta to reflect an expanded strategic focus on augmented and virtual reality technologies alongside its social media businesses.

Meta’s core consumer products include Facebook, Instagram, WhatsApp and Messenger, which enable social networking, messaging, content sharing and community building across mobile and desktop devices.

Further Reading

Want to see what other hedge funds are holding META? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Meta Platforms, Inc. (NASDAQ:METAFree Report).

Institutional Ownership by Quarter for Meta Platforms (NASDAQ:META)

Receive News & Ratings for Meta Platforms Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meta Platforms and related companies with MarketBeat.com's FREE daily email newsletter.