Temasek Holdings Private Ltd Acquires 4,865 Shares of Meta Platforms, Inc. $META

Temasek Holdings Private Ltd boosted its holdings in Meta Platforms, Inc. (NASDAQ:META) by 3.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 142,475 shares of the social networking company’s stock after buying an additional 4,865 shares during the quarter. Temasek Holdings Private Ltd’s holdings in Meta Platforms were worth $105,159,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Bare Financial Services Inc bought a new position in Meta Platforms in the 2nd quarter valued at approximately $30,000. Evergreen Private Wealth LLC increased its holdings in shares of Meta Platforms by 237.5% during the second quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company’s stock worth $40,000 after buying an additional 38 shares in the last quarter. Briaud Financial Planning Inc bought a new position in shares of Meta Platforms in the 2nd quarter valued at $42,000. Knuff & Co LLC acquired a new stake in shares of Meta Platforms during the 2nd quarter valued at $44,000. Finally, WFA Asset Management Corp boosted its holdings in shares of Meta Platforms by 42.6% during the 2nd quarter. WFA Asset Management Corp now owns 67 shares of the social networking company’s stock valued at $49,000 after acquiring an additional 20 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Bank of America dropped their target price on Meta Platforms from $900.00 to $810.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Royal Bank Of Canada decreased their price objective on Meta Platforms from $840.00 to $810.00 and set an “outperform” rating for the company in a report on Thursday, October 30th. Truist Financial cut their target price on Meta Platforms from $900.00 to $875.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. Wall Street Zen lowered Meta Platforms from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $870.00 price objective (down from $900.00) on shares of Meta Platforms in a research report on Thursday, October 30th. Four research analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $819.46.

Meta Platforms Stock Up 0.4%

Shares of Meta Platforms stock opened at $652.71 on Friday. Meta Platforms, Inc. has a one year low of $479.80 and a one year high of $796.25. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.98 and a quick ratio of 1.98. The stock’s 50-day moving average is $667.24 and its 200 day moving average is $706.67. The firm has a market cap of $1.65 trillion, a price-to-earnings ratio of 28.83, a PEG ratio of 1.36 and a beta of 1.28.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.74 by $0.51. The firm had revenue of $51.24 billion for the quarter, compared to analyst estimates of $49.34 billion. Meta Platforms had a return on equity of 39.35% and a net margin of 30.89%.The company’s revenue was up 26.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $6.03 earnings per share. Equities research analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Monday, December 15th will be given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, December 15th. Meta Platforms’s dividend payout ratio is 9.28%.

Insider Activity at Meta Platforms

In other Meta Platforms news, COO Javier Olivan sold 2,610 shares of the firm’s stock in a transaction that occurred on Saturday, November 15th. The stock was sold at an average price of $609.46, for a total value of $1,590,690.60. Following the completion of the sale, the chief operating officer owned 9,784 shares of the company’s stock, valued at approximately $5,962,956.64. This trade represents a 21.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robert M. Kimmitt sold 600 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $609.35, for a total value of $365,610.00. Following the sale, the director owned 7,347 shares of the company’s stock, valued at approximately $4,476,894.45. This represents a 7.55% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 41,959 shares of company stock worth $26,578,191. 13.61% of the stock is currently owned by insiders.

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.