Regatta Capital Group LLC Decreases Stock Position in Meta Platforms, Inc. (NASDAQ:META)

Regatta Capital Group LLC lessened its stake in Meta Platforms, Inc. (NASDAQ:METAFree Report) by 0.5% in the fourth quarter, Holdings Channel reports. The fund owned 22,760 shares of the social networking company’s stock after selling 114 shares during the quarter. Meta Platforms makes up about 2.1% of Regatta Capital Group LLC’s holdings, making the stock its 11th biggest holding. Regatta Capital Group LLC’s holdings in Meta Platforms were worth $8,056,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in Meta Platforms by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 183,244,796 shares of the social networking company’s stock worth $55,011,920,000 after acquiring an additional 1,733,182 shares during the period. FMR LLC boosted its holdings in Meta Platforms by 4.0% in the 3rd quarter. FMR LLC now owns 130,809,908 shares of the social networking company’s stock worth $39,270,443,000 after acquiring an additional 5,001,647 shares during the period. State Street Corp boosted its holdings in Meta Platforms by 1.8% in the 2nd quarter. State Street Corp now owns 88,542,953 shares of the social networking company’s stock worth $25,410,057,000 after acquiring an additional 1,548,671 shares during the period. Morgan Stanley boosted its holdings in Meta Platforms by 3.4% in the 3rd quarter. Morgan Stanley now owns 36,277,772 shares of the social networking company’s stock worth $10,890,950,000 after acquiring an additional 1,184,978 shares during the period. Finally, Norges Bank purchased a new position in shares of Meta Platforms during the 4th quarter valued at approximately $4,223,148,000. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Meta Platforms Price Performance

Shares of META opened at $491.35 on Tuesday. The firm has a market capitalization of $1.25 trillion, a price-to-earnings ratio of 32.98, a price-to-earnings-growth ratio of 1.25 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, Inc. has a one year low of $207.13 and a one year high of $523.57. The stock’s fifty day moving average is $471.26 and its 200-day moving average is $379.61.

Meta Platforms (NASDAQ:METAGet Free Report) last issued its quarterly earnings results on Thursday, February 1st. The social networking company reported $5.33 EPS for the quarter, beating analysts’ consensus estimates of $4.82 by $0.51. The company had revenue of $40.11 billion for the quarter, compared to analyst estimates of $39.12 billion. Meta Platforms had a return on equity of 29.48% and a net margin of 28.98%. The company’s quarterly revenue was up 24.7% compared to the same quarter last year. During the same period last year, the company earned $3.00 earnings per share. Equities analysts anticipate that Meta Platforms, Inc. will post 19.94 EPS for the current year.

Meta Platforms Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Thursday, February 22nd were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $2.00 annualized dividend and a yield of 0.41%. Meta Platforms’s dividend payout ratio is currently 13.42%.

Insider Activity at Meta Platforms

In related news, CEO Mark Zuckerberg sold 19,681 shares of the firm’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $351.47, for a total transaction of $6,917,281.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Mark Zuckerberg sold 19,681 shares of the firm’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $351.47, for a total transaction of $6,917,281.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Susan J. Li sold 10,956 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $473.28, for a total value of $5,185,255.68. Following the transaction, the chief financial officer now directly owns 76,398 shares of the company’s stock, valued at approximately $36,157,645.44. The disclosure for this sale can be found here. Insiders sold 1,502,805 shares of company stock valued at $703,056,383 over the last 90 days. 14.03% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

META has been the subject of several research analyst reports. UBS Group increased their target price on Meta Platforms from $425.00 to $530.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Barclays increased their target price on Meta Platforms from $400.00 to $550.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Deutsche Bank Aktiengesellschaft increased their target price on Meta Platforms from $450.00 to $525.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. TD Cowen increased their target price on Meta Platforms from $415.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Finally, Bank of America increased their target price on Meta Platforms from $425.00 to $510.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating, thirty-nine have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $496.35.

Get Our Latest Analysis on META

Meta Platforms Profile

(Free Report)

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

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