Transatlantique Private Wealth LLC Boosts Position in Meta Platforms, Inc. (NASDAQ:META)

by · The Markets Daily

Transatlantique Private Wealth LLC grew its holdings in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 2.0% during the 4th quarter, Holdings Channel reports. The fund owned 5,215 shares of the social networking company’s stock after purchasing an additional 104 shares during the period. Meta Platforms makes up about 1.2% of Transatlantique Private Wealth LLC’s holdings, making the stock its 20th largest holding. Transatlantique Private Wealth LLC’s holdings in Meta Platforms were worth $3,053,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Meta Platforms by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 191,198,005 shares of the social networking company’s stock worth $111,948,344,000 after acquiring an additional 1,502,553 shares in the last quarter. Geode Capital Management LLC raised its holdings in Meta Platforms by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 49,181,127 shares of the social networking company’s stock worth $28,719,970,000 after purchasing an additional 1,020,519 shares during the period. Capital World Investors boosted its position in Meta Platforms by 2.9% during the fourth quarter. Capital World Investors now owns 40,317,105 shares of the social networking company’s stock worth $23,606,338,000 after purchasing an additional 1,141,355 shares in the last quarter. Norges Bank acquired a new stake in Meta Platforms in the fourth quarter valued at approximately $19,949,512,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Meta Platforms by 3.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 14,251,766 shares of the social networking company’s stock valued at $8,344,552,000 after buying an additional 424,201 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Insider Buying and Selling

In other news, COO Javier Olivan sold 608 shares of the company’s stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $488.18, for a total transaction of $296,813.44. Following the completion of the transaction, the chief operating officer now directly owns 5,622 shares of the company’s stock, valued at approximately $2,744,547.96. This represents a 9.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jennifer Newstead sold 921 shares of the firm’s stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $531.22, for a total value of $489,253.62. Following the sale, the insider now directly owns 28,419 shares in the company, valued at $15,096,741.18. This trade represents a 3.14 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 379,901 shares of company stock worth $260,806,516. Corporate insiders own 13.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on META. Jefferies Financial Group decreased their price objective on shares of Meta Platforms from $725.00 to $600.00 and set a “buy” rating on the stock in a report on Monday, April 7th. UBS Group lowered their price objective on Meta Platforms from $786.00 to $650.00 and set a “buy” rating on the stock in a report on Friday, April 11th. Pivotal Research increased their target price on Meta Platforms from $800.00 to $875.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Susquehanna lifted their price target on Meta Platforms from $675.00 to $800.00 and gave the stock a “positive” rating in a research note on Thursday, January 30th. Finally, Robert W. Baird increased their price objective on Meta Platforms from $680.00 to $750.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $684.10.

Get Our Latest Report on Meta Platforms

Meta Platforms Trading Down 0.2 %

META opened at $501.48 on Friday. The business has a fifty day moving average price of $608.14 and a 200 day moving average price of $607.04. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.98 and a quick ratio of 2.98. Meta Platforms, Inc. has a 12 month low of $414.50 and a 12 month high of $740.91. The stock has a market capitalization of $1.27 trillion, a price-to-earnings ratio of 20.96, a PEG ratio of 1.42 and a beta of 1.28.

Meta Platforms (NASDAQ:META – Get Free Report) 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 return on equity of 38.17% and a net margin of 37.91%. During the same quarter in the prior year, the firm earned $5.33 earnings per share. Sell-side analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th were given a dividend of $0.525 per share. This is a boost from Meta Platforms’s previous quarterly dividend of $0.50. This represents a $2.10 annualized dividend and a dividend yield of 0.42%. The ex-dividend date was Friday, March 14th. Meta Platforms’s payout ratio is 8.78%.

Meta Platforms Profile

(Free Report)

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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