Gerber LLC Purchases Shares of 3,701 Meta Platforms, Inc. (NASDAQ:META)

Gerber LLC acquired a new position in Meta Platforms, Inc. (NASDAQ:METAFree Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,701 shares of the social networking company’s stock, valued at approximately $1,310,000. Meta Platforms comprises about 1.2% of Gerber LLC’s holdings, making the stock its 15th largest holding.

Several other large investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Meta Platforms by 1.0% in the third 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 in the last quarter. Capital World Investors boosted its stake in Meta Platforms by 2.5% in the 4th quarter. Capital World Investors now owns 38,054,513 shares of the social networking company’s stock worth $13,469,906,000 after purchasing an additional 927,491 shares in the last quarter. Morgan Stanley grew its position in Meta Platforms by 3.4% during the 3rd quarter. Morgan Stanley now owns 36,277,772 shares of the social networking company’s stock worth $10,890,950,000 after purchasing an additional 1,184,978 shares during the last quarter. Capital International Investors increased its stake in Meta Platforms by 3.2% during the 4th quarter. Capital International Investors now owns 34,738,470 shares of the social networking company’s stock valued at $12,296,383,000 after purchasing an additional 1,083,719 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Meta Platforms in the fourth quarter worth $11,285,855,000. Institutional investors own 79.91% of the company’s stock.

Meta Platforms Price Performance

META traded up $0.56 on Friday, hitting $504.16. 10,243,347 shares of the company’s stock were exchanged, compared to its average volume of 10,607,878. The firm has a 50-day moving average price of $480.39 and a 200-day moving average price of $442.26. The stock has a market cap of $1.28 trillion, a price-to-earnings ratio of 28.96, a P/E/G ratio of 1.31 and a beta of 1.21. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.12. Meta Platforms, Inc. has a fifty-two week low of $271.42 and a fifty-two week high of $531.49.

Meta Platforms (NASDAQ:METAGet Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The social networking company reported $4.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.32 by $0.39. The company had revenue of $36.46 billion during the quarter, compared to analysts’ expectations of $36.28 billion. Meta Platforms had a net margin of 32.06% and a return on equity of 32.03%. As a group, equities analysts anticipate that Meta Platforms, Inc. will post 20.16 earnings per share for the current year.

Meta Platforms Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 26th. Investors of record on Friday, June 14th will be issued a $0.50 dividend. The ex-dividend date is Friday, June 14th. This represents a $2.00 annualized dividend and a dividend yield of 0.40%. Meta Platforms’s dividend payout ratio is presently 11.49%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on META shares. Sanford C. Bernstein cut their target price on Meta Platforms from $590.00 to $565.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th. The Goldman Sachs Group reduced their price objective on Meta Platforms from $555.00 to $500.00 and set a “buy” rating for the company in a research note on Thursday, April 25th. Wolfe Research dropped their target price on Meta Platforms from $530.00 to $500.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th. Stifel Nicolaus increased their price target on shares of Meta Platforms from $527.00 to $588.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Finally, Jefferies Financial Group decreased their price objective on shares of Meta Platforms from $585.00 to $540.00 and set a “buy” rating for the company in a research note on Thursday, April 25th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, thirty-seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Meta Platforms presently has an average rating of “Moderate Buy” and a consensus price target of $510.41.

View Our Latest Report on Meta Platforms

Insider Buying and Selling

In other news, CEO Mark Zuckerberg sold 31,493 shares of the business’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $492.37, for a total transaction of $15,506,208.41. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO Mark Zuckerberg sold 31,493 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $492.37, for a total transaction of $15,506,208.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jennifer Newstead sold 585 shares of the company’s stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $522.00, for a total value of $305,370.00. Following the completion of the transaction, the insider now owns 38,398 shares in the company, valued at $20,043,756. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 437,528 shares of company stock worth $215,768,262. 13.71% of the stock is owned by corporate insiders.

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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