Meta Platforms, Inc. (NASDAQ:META) Shares Bought by DE Burlo Group Inc.

by · The Markets Daily

DE Burlo Group Inc. grew its stake in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 0.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,720 shares of the social networking company’s stock after buying an additional 20 shares during the period. Meta Platforms accounts for 2.9% of DE Burlo Group Inc.’s investment portfolio, making the stock its 14th largest holding. DE Burlo Group Inc.’s holdings in Meta Platforms were worth $21,500,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of META. Norges Bank purchased a new position in shares of Meta Platforms during the fourth quarter worth about $19,949,512,000. Proficio Capital Partners LLC grew its stake in Meta Platforms by 78,471.1% during the 4th quarter. Proficio Capital Partners LLC now owns 6,248,763 shares of the social networking company’s stock worth $3,658,713,000 after buying an additional 6,240,810 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Meta Platforms during the fourth quarter worth approximately $2,243,603,000. Arrowstreet Capital Limited Partnership increased its position in Meta Platforms by 27.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 8,901,521 shares of the social networking company’s stock worth $5,211,967,000 after buying an additional 1,892,509 shares during the period. Finally, Vanguard Group Inc. lifted its stake in Meta Platforms by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 191,198,005 shares of the social networking company’s stock valued at $111,948,344,000 after buying an additional 1,502,553 shares during the last quarter. 79.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

META has been the topic of a number of recent research reports. Morgan Stanley cut their target price on shares of Meta Platforms from $660.00 to $615.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. JPMorgan Chase & Co. dropped their price objective on shares of Meta Platforms from $725.00 to $610.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Scotiabank reduced their target price on shares of Meta Platforms from $627.00 to $525.00 and set a “sector perform” rating for the company in a report on Monday, April 21st. Benchmark lowered their price target on Meta Platforms from $820.00 to $640.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $750.00 price objective on shares of Meta Platforms in a research note on Monday, January 27th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $679.02.

Check Out Our Latest Stock Analysis on Meta Platforms

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, CEO Mark Zuckerberg sold 22,366 shares of Meta Platforms stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $648.68, for a total value of $14,508,376.88. Following the completion of the sale, the chief executive officer now owns 580 shares in the company, valued at $376,234.40. The trade was a 97.47 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Javier Olivan sold 413 shares of the stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $627.59, for a total transaction of $259,194.67. Following the transaction, the chief operating officer now owns 15,862 shares in the company, valued at approximately $9,954,832.58. The trade was a 2.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 308,068 shares of company stock worth $214,968,924. Insiders own 13.71% of the company’s stock.

Meta Platforms Stock Performance

Meta Platforms stock opened at $547.27 on Friday. Meta Platforms, Inc. has a fifty-two week low of $427.11 and a fifty-two week high of $740.91. The company has a market capitalization of $1.39 trillion, a price-to-earnings ratio of 22.88, a PEG ratio of 1.42 and a beta of 1.28. The stock has a fifty day moving average of $587.00 and a two-hundred day moving average of $604.44. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.98 and a current ratio of 2.98.

Meta Platforms (NASDAQ:META – Get Free Report) last posted 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 previous year, the firm posted $5.33 earnings per share. On average, analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th were paid a $0.525 dividend. This is a boost from Meta Platforms’s previous quarterly dividend of $0.50. This represents a $2.10 annualized dividend and a yield of 0.38%. The ex-dividend date of this dividend was Friday, March 14th. Meta Platforms’s payout ratio is presently 8.78%.

Meta Platforms Company 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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