Meta Platforms, Inc. (NASDAQ:META) Shares Bought by Napatree Capital LLC

Napatree Capital LLC raised its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 23.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,336 shares of the social networking company’s stock after acquiring an additional 251 shares during the quarter. Napatree Capital LLC’s holdings in Meta Platforms were worth $782,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in META. JDM Financial Group LLC acquired a new position in Meta Platforms during the third quarter worth about $30,000. Safe Harbor Fiduciary LLC purchased a new position in Meta Platforms in the 3rd quarter worth approximately $36,000. Millstone Evans Group LLC acquired a new position in shares of Meta Platforms during the 4th quarter worth approximately $40,000. Avondale Wealth Management purchased a new stake in shares of Meta Platforms in the fourth quarter valued at approximately $41,000. Finally, Cordant Inc. acquired a new stake in shares of Meta Platforms in the fourth quarter valued at approximately $59,000. Institutional investors and hedge funds own 79.91% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on META shares. Barclays upped their target price on Meta Platforms from $630.00 to $705.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. BMO Capital Markets upped their price objective on Meta Platforms from $530.00 to $610.00 and gave the company a “market perform” rating in a report on Thursday, January 30th. Tigress Financial reaffirmed a “strong-buy” rating on shares of Meta Platforms in a research note on Tuesday, February 11th. Needham & Company LLC restated an “underperform” rating on shares of Meta Platforms in a research report on Monday, January 27th. Finally, KeyCorp cut their target price on shares of Meta Platforms from $750.00 to $710.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 18th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-five have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Meta Platforms presently has an average rating of “Moderate Buy” and a consensus price target of $718.31.

Insider Buying and Selling at Meta Platforms

In related news, CEO Mark Zuckerberg sold 2,311 shares of the firm’s stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $600.21, for a total transaction of $1,387,085.31. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Javier Olivan sold 4,706 shares of Meta Platforms stock in a transaction dated Saturday, February 15th. The shares were sold at an average price of $736.67, for a total value of $3,466,769.02. Following the completion of the sale, the chief operating officer now owns 20,935 shares of the company’s stock, valued at $15,422,186.45. This trade represents a 18.35 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 585,605 shares of company stock worth $386,710,448. 13.71% of the stock is owned by insiders.

Meta Platforms Stock Performance

NASDAQ META opened at $619.55 on Tuesday. The business’s 50-day moving average price is $655.60 and its 200 day moving average price is $607.11. 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 firm has a market cap of $1.57 trillion, a P/E ratio of 25.90, a P/E/G ratio of 1.42 and a beta of 1.23. Meta Platforms, Inc. has a 52-week low of $414.50 and a 52-week high of $740.91.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings data on Wednesday, January 29th. The social networking company reported $8.02 EPS 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 posted $5.33 earnings per share. On average, equities research analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th will be issued a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 0.34%. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from Meta Platforms’s previous quarterly dividend of $0.50. Meta Platforms’s dividend payout ratio is 8.78%.

Meta Platforms Company 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.