XTX Topco Ltd Has $9.70 Million Holdings in Meta Platforms, Inc. (NASDAQ:META)

XTX Topco Ltd cut its holdings in Meta Platforms, Inc. (NASDAQ:META) by 37.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,942 shares of the social networking company’s stock after selling 10,034 shares during the quarter. Meta Platforms comprises 0.7% of XTX Topco Ltd’s portfolio, making the stock its 3rd largest position. XTX Topco Ltd’s holdings in Meta Platforms were worth $9,698,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of META. Safe Harbor Fiduciary LLC acquired a new stake in shares of Meta Platforms in the 3rd quarter valued at approximately $36,000. POM Investment Strategies LLC bought a new stake in Meta Platforms in the second quarter valued at approximately $38,000. Ruedi Wealth Management Inc. raised its holdings in Meta Platforms by 122.2% in the second quarter. Ruedi Wealth Management Inc. now owns 80 shares of the social networking company’s stock worth $40,000 after purchasing an additional 44 shares during the period. Halpern Financial Inc. bought a new position in shares of Meta Platforms during the third quarter worth $46,000. Finally, West Financial Advisors LLC acquired a new position in shares of Meta Platforms in the 3rd quarter valued at $49,000. 79.91% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Meta Platforms news, CEO Mark Zuckerberg sold 35,921 shares of Meta Platforms stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $607.97, for a total value of $21,838,890.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jennifer Newstead sold 905 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $595.00, for a total value of $538,475.00. Following the sale, the insider now directly owns 36,535 shares in the company, valued at approximately $21,738,325. This trade represents a 2.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 142,160 shares of company stock valued at $81,611,223. 13.71% of the stock is owned by company insiders.

Meta Platforms Stock Up 2.4 %

Shares of META opened at $623.77 on Friday. The firm has a market cap of $1.57 trillion, a P/E ratio of 29.38, a price-to-earnings-growth ratio of 1.35 and a beta of 1.20. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.73 and a current ratio of 2.73. Meta Platforms, Inc. has a 52 week low of $317.77 and a 52 week high of $629.79. The firm’s 50-day simple moving average is $579.64 and its 200 day simple moving average is $532.13.

Meta Platforms (NASDAQ:META) last posted its earnings results on Wednesday, October 30th. The social networking company reported $6.03 EPS for the quarter, beating the consensus estimate of $5.19 by $0.84. The company had revenue of $40.59 billion for the quarter, compared to the consensus estimate of $40.21 billion. Meta Platforms had a return on equity of 35.60% and a net margin of 35.55%. On average, analysts forecast that Meta Platforms, Inc. will post 22.68 earnings per share for the current year.

Meta Platforms Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 16th will be paid a $0.50 dividend. The ex-dividend date is Monday, December 16th. This represents a $2.00 annualized dividend and a dividend yield of 0.32%. Meta Platforms’s dividend payout ratio (DPR) is presently 9.42%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on META. Raymond James reaffirmed a “strong-buy” rating and set a $675.00 price objective on shares of Meta Platforms in a research note on Monday, November 25th. Barclays raised their price target on Meta Platforms from $550.00 to $630.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. boosted their price objective on Meta Platforms from $640.00 to $660.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Hsbc Global Res raised Meta Platforms to a “hold” rating in a research note on Thursday, October 24th. Finally, Wells Fargo & Company cut their price target on shares of Meta Platforms from $652.00 to $641.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $634.71.

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.