BW Gestao de Investimentos Ltda. Buys Shares of 25,000 Meta Platforms, Inc. (NASDAQ:META)

BW Gestao de Investimentos Ltda. bought a new stake in shares of Meta Platforms, Inc. (NASDAQ:METAFree Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 25,000 shares of the social networking company’s stock, valued at approximately $12,140,000. Meta Platforms comprises approximately 0.4% of BW Gestao de Investimentos Ltda.’s holdings, making the stock its 21st largest position.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in META. Baird Financial Group Inc. increased its stake in shares of Meta Platforms by 24.2% in the fourth quarter. Baird Financial Group Inc. now owns 835,972 shares of the social networking company’s stock worth $295,901,000 after purchasing an additional 163,067 shares in the last quarter. California State Teachers Retirement System increased its stake in shares of Meta Platforms by 1.5% in the fourth quarter. California State Teachers Retirement System now owns 3,576,285 shares of the social networking company’s stock worth $1,265,862,000 after purchasing an additional 51,900 shares in the last quarter. Donoghue Forlines LLC increased its stake in shares of Meta Platforms by 94.4% in the fourth quarter. Donoghue Forlines LLC now owns 8,349 shares of the social networking company’s stock worth $2,955,000 after purchasing an additional 4,054 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in shares of Meta Platforms by 7.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 451,581 shares of the social networking company’s stock worth $159,841,000 after purchasing an additional 32,423 shares in the last quarter. Finally, Voyager Global Management LP increased its stake in shares of Meta Platforms by 37.3% in the fourth quarter. Voyager Global Management LP now owns 515,000 shares of the social networking company’s stock worth $182,289,000 after purchasing an additional 140,000 shares in the last quarter. 79.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on META. JMP Securities reissued a “market outperform” rating and issued a $550.00 price objective on shares of Meta Platforms in a research note on Monday, April 22nd. UBS Group cut their target price on shares of Meta Platforms from $610.00 to $575.00 and set a “buy” rating for the company in a research note on Thursday, April 25th. Sanford C. Bernstein cut their target price on shares of Meta Platforms from $590.00 to $565.00 and set an “outperform” rating for the company in a research note on Thursday, April 25th. BMO Capital Markets reaffirmed a “market perform” rating and set a $450.00 target price on shares of Meta Platforms in a research note on Wednesday, June 12th. Finally, Roth Mkm raised their target price on shares of Meta Platforms from $500.00 to $510.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, thirty-seven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $511.88.

Get Our Latest Stock Report on Meta Platforms

Meta Platforms Trading Down 2.0 %

NASDAQ META opened at $529.32 on Tuesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.68 and a current ratio of 2.68. The company has a market capitalization of $1.34 trillion, a price-to-earnings ratio of 30.40, a price-to-earnings-growth ratio of 1.40 and a beta of 1.21. The company’s 50-day simple moving average is $486.29 and its two-hundred day simple moving average is $462.92. Meta Platforms, Inc. has a one year low of $274.38 and a one year high of $542.81.

Meta Platforms (NASDAQ:METAGet Free Report) last posted its earnings results on Wednesday, April 24th. The social networking company reported $4.71 EPS for the quarter, beating analysts’ consensus estimates of $4.32 by $0.39. The business 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%. Equities analysts forecast that Meta Platforms, Inc. will post 20.15 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Friday, June 14th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date was Friday, June 14th. Meta Platforms’s dividend payout ratio (DPR) is 11.49%.

Insider Buying and Selling at Meta Platforms

In other news, CEO Mark Zuckerberg sold 8,727 shares of Meta Platforms stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $528.87, for a total value of $4,615,448.49. Following the transaction, the chief executive officer now owns 178,099 shares of the company’s stock, valued at approximately $94,191,218.13. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Mark Zuckerberg sold 8,727 shares of Meta Platforms stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $528.87, for a total value of $4,615,448.49. Following the transaction, the chief executive officer now owns 178,099 shares of the company’s stock, valued at approximately $94,191,218.13. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Javier Olivan sold 490 shares of Meta Platforms stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $517.75, for a total transaction of $253,697.50. Following the completion of the transaction, the chief operating officer now directly owns 7,579 shares in the company, valued at approximately $3,924,027.25. The disclosure for this sale can be found here. In the last quarter, insiders have sold 260,047 shares of company stock valued at $127,838,805. Company insiders own 13.71% of the company’s stock.

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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Institutional Ownership by Quarter for Meta Platforms (NASDAQ:META)

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