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BSN CAPITAL PARTNERS Ltd acquired a new position in Meta Platforms, Inc. (NASDAQ:META – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 107,644 shares of the social networking company’s stock, valued at approximately $63,108,000. Meta Platforms makes up about 2.5% of BSN CAPITAL PARTNERS Ltd’s holdings, making the stock its 8th largest holding.
A number of other large investors also recently bought and sold shares of the business. Stephens Consulting LLC boosted its holdings in shares of Meta Platforms by 5.3% in the fourth quarter. Stephens Consulting LLC now owns 317 shares of the social networking company’s stock valued at $186,000 after acquiring an additional 16 shares in the last quarter. Lindenwold Advisors INC boosted its holdings in Meta Platforms by 0.3% during the third quarter. Lindenwold Advisors INC now owns 5,918 shares of the social networking company’s stock worth $3,388,000 after buying an additional 17 shares in the last quarter. Insight Wealth Strategies LLC boosted its holdings in Meta Platforms by 1.6% during the fourth quarter. Insight Wealth Strategies LLC now owns 1,067 shares of the social networking company’s stock worth $625,000 after buying an additional 17 shares in the last quarter. Steigerwald Gordon & Koch Inc. boosted its holdings in Meta Platforms by 0.6% during the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 2,680 shares of the social networking company’s stock worth $1,569,000 after buying an additional 17 shares in the last quarter. Finally, Alliance Wealth Advisors LLC boosted its holdings in Meta Platforms by 0.7% during the third quarter. Alliance Wealth Advisors LLC now owns 2,787 shares of the social networking company’s stock worth $1,595,000 after buying an additional 18 shares in the last quarter. Institutional investors own 79.91% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts recently commented on META shares. Mizuho boosted their price objective on shares of Meta Platforms from $675.00 to $750.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Susquehanna boosted their price objective on shares of Meta Platforms from $675.00 to $800.00 and gave the stock a “positive” rating in a report on Thursday, January 30th. Wedbush reissued an “outperform” rating and set a $770.00 price objective (up previously from $700.00) on shares of Meta Platforms in a report on Thursday, January 30th. Royal Bank of Canada boosted their price objective on shares of Meta Platforms from $700.00 to $800.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Finally, JMP Securities reissued a “market outperform” rating and set a $750.00 price objective on shares of Meta Platforms in a report on Monday, January 27th. Two analysts have rated the stock with a sell rating, four have given a hold rating, thirty-five have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Meta Platforms presently has an average rating of “Moderate Buy” and a consensus price target of $717.90.
Check Out Our Latest Analysis on Meta Platforms
Insider Transactions at Meta Platforms
In other news, CEO Mark Zuckerberg sold 55,589 shares of the stock in a transaction on Friday, February 7th. The shares were sold at an average price of $717.72, for a total value of $39,897,337.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Aaron Anderson sold 731 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $557.00, for a total transaction of $407,167.00. Following the sale, the chief accounting officer now directly owns 3,414 shares of the company’s stock, valued at approximately $1,901,598. The trade was a 17.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 812,198 shares of company stock valued at $515,102,208 over the last 90 days. Corporate insiders own 13.71% of the company’s stock.
Meta Platforms Stock Performance
NASDAQ:META opened at $725.38 on Thursday. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.16. The company has a market cap of $1.84 trillion, a P/E ratio of 30.33, a P/E/G ratio of 1.46 and a beta of 1.20. Meta Platforms, Inc. has a fifty-two week low of $414.50 and a fifty-two week high of $727.10. The firm’s 50 day moving average is $634.08 and its two-hundred day moving average is $579.77.
Meta Platforms (NASDAQ:META – Get Free Report) last posted 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 net margin of 37.91% and a return on equity of 38.17%. During the same quarter in the prior year, the company earned $5.33 EPS. Analysts expect that Meta Platforms, Inc. will post 26.66 EPS for the current year.
Meta Platforms Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.28%. The ex-dividend date of this dividend was Monday, December 16th. Meta Platforms’s payout ratio is currently 8.36%.
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.
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