Meta Platforms, Inc. (NASDAQ:META) Shares Acquired by Capital International Ltd. CA

Capital International Ltd. CA lifted its position in Meta Platforms, Inc. (NASDAQ:META) by 0.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 246,044 shares of the social networking company’s stock after acquiring an additional 38 shares during the period. Meta Platforms accounts for 5.7% of Capital International Ltd. CA’s holdings, making the stock its 2nd largest position. Capital International Ltd. CA’s holdings in Meta Platforms were worth $119,474,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in META. Delos Wealth Advisors LLC lifted its position in Meta Platforms by 527.3% during the first quarter. Delos Wealth Advisors LLC now owns 69 shares of the social networking company’s stock worth $34,000 after buying an additional 58 shares in the last quarter. Richardson Financial Services Inc. boosted its position in shares of Meta Platforms by 95.6% during the 1st quarter. Richardson Financial Services Inc. now owns 88 shares of the social networking company’s stock valued at $41,000 after acquiring an additional 43 shares during the last quarter. Quest Partners LLC purchased a new stake in shares of Meta Platforms in the fourth quarter valued at about $32,000. Kathleen S. Wright Associates Inc. acquired a new stake in Meta Platforms during the first quarter worth about $44,000. Finally, Clear Investment Research LLC raised its stake in Meta Platforms by 411.1% during the fourth quarter. Clear Investment Research LLC now owns 92 shares of the social networking company’s stock worth $33,000 after purchasing an additional 74 shares during the period. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Meta Platforms Stock Performance

Shares of META stock traded up $12.29 during trading hours on Friday, hitting $465.70. The stock had a trading volume of 14,222,388 shares, compared to its average volume of 13,931,730. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.68 and a quick ratio of 2.68. The firm has a market capitalization of $1.18 trillion, a PE ratio of 26.75, a PEG ratio of 1.17 and a beta of 1.21. The stock’s 50 day moving average is $493.20 and its 200 day moving average is $474.54. Meta Platforms, Inc. has a twelve month low of $274.38 and a twelve month high of $542.81.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings data on Wednesday, April 24th. The social networking company reported $4.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.32 by $0.39. The company had revenue of $36.46 billion for the quarter, compared to the consensus estimate of $36.28 billion. Meta Platforms had a net margin of 32.06% and a return on equity of 32.03%. As a group, research analysts forecast that Meta Platforms, Inc. will post 20.23 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Investors of record on Friday, June 14th were given a $0.50 dividend. The ex-dividend date was Friday, June 14th. This represents a $2.00 dividend on an annualized basis and a yield of 0.43%. Meta Platforms’s payout ratio is currently 11.49%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Rosenblatt Securities lifted their price target on shares of Meta Platforms from $520.00 to $562.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Wolfe Research assumed coverage on Meta Platforms in a research report on Tuesday, July 16th. They issued an “outperform” rating and a $620.00 target price on the stock. Oppenheimer raised their price objective on Meta Platforms from $500.00 to $525.00 and gave the stock an “outperform” rating in a research report on Friday, July 19th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Meta Platforms from $540.00 to $500.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. Finally, KeyCorp lifted their price target on shares of Meta Platforms from $475.00 to $540.00 and gave the company an “overweight” rating in a research report on Thursday, June 20th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, thirty-five have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $525.66.

Insiders Place Their Bets

In other Meta Platforms news, insider Jennifer Newstead sold 905 shares of the stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $533.95, for a total value of $483,224.75. Following the completion of the transaction, the insider now owns 36,940 shares in the company, valued at $19,724,113. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Meta Platforms news, insider Jennifer Newstead sold 905 shares of the firm’s stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $533.95, for a total transaction of $483,224.75. Following the completion of the transaction, the insider now directly owns 36,940 shares in the company, valued at approximately $19,724,113. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Javier Olivan sold 490 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $445.93, for a total transaction of $218,505.70. Following the completion of the sale, the chief operating officer now owns 6,109 shares in the company, valued at $2,724,186.37. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 311,348 shares of company stock worth $154,678,120. Company insiders own 13.71% of the company’s stock.

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.