Susquehanna International Securities Ltd. Acquires Shares of 1,000 Meta Platforms, Inc. (NASDAQ:META)

Susquehanna International Securities Ltd. bought a new position in shares of Meta Platforms, Inc. (NASDAQ:META) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,000 shares of the social networking company’s stock, valued at approximately $504,000.

Other institutional investors also recently modified their holdings of the company. Vantage Financial Partners LLC grew its holdings in shares of Meta Platforms by 3.2% during the 4th quarter. Vantage Financial Partners LLC now owns 1,323 shares of the social networking company’s stock worth $468,000 after purchasing an additional 41 shares in the last quarter. Concentrum Wealth Management increased its holdings in Meta Platforms by 111.0% in the 4th quarter. Concentrum Wealth Management now owns 7,391,877 shares of the social networking company’s stock valued at $2,616,000 after buying an additional 3,888,308 shares during the period. Aveo Capital Partners LLC raised its position in shares of Meta Platforms by 45.7% in the 4th quarter. Aveo Capital Partners LLC now owns 2,302 shares of the social networking company’s stock valued at $815,000 after buying an additional 722 shares in the last quarter. 9258 Wealth Management LLC lifted its holdings in shares of Meta Platforms by 66.4% during the 4th quarter. 9258 Wealth Management LLC now owns 3,993 shares of the social networking company’s stock worth $1,413,000 after acquiring an additional 1,594 shares during the period. Finally, Rollins Financial increased its stake in Meta Platforms by 7.5% in the fourth quarter. Rollins Financial now owns 30,657 shares of the social networking company’s stock valued at $10,851,000 after acquiring an additional 2,133 shares during the last quarter. Institutional investors own 79.91% of the company’s stock.

Insider Activity

In other Meta Platforms news, insider Christopher K. Cox sold 10,000 shares of the business’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $569.93, for a total value of $5,699,300.00. Following the transaction, the insider now owns 328,662 shares of the company’s stock, valued at $187,314,333.66. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CTO Andrew Bosworth sold 5,057 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $526.76, for a total value of $2,663,825.32. Following the transaction, the chief technology officer now owns 11,990 shares in the company, valued at $6,315,852.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Christopher K. Cox sold 10,000 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $569.93, for a total value of $5,699,300.00. Following the completion of the sale, the insider now directly owns 328,662 shares of the company’s stock, valued at $187,314,333.66. The disclosure for this sale can be found here. Insiders sold a total of 342,358 shares of company stock valued at $179,431,101 over the last three months. Corporate insiders own 13.71% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on META. Guggenheim raised their target price on Meta Platforms from $500.00 to $600.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Roth Mkm boosted their target price on Meta Platforms from $510.00 to $550.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. TD Cowen lifted their price target on shares of Meta Platforms from $530.00 to $600.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Jefferies Financial Group increased their price objective on shares of Meta Platforms from $565.00 to $600.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, BMO Capital Markets restated a “market perform” rating and issued a $450.00 target price on shares of Meta Platforms in a research report on Wednesday, June 12th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, thirty-four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $591.23.

Meta Platforms Price Performance

Meta Platforms stock opened at $567.36 on Friday. The stock has a market capitalization of $1.44 trillion, a price-to-earnings ratio of 32.59, a PEG ratio of 1.39 and a beta of 1.21. Meta Platforms, Inc. has a 52-week low of $279.40 and a 52-week high of $577.40. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.83 and a current ratio of 2.83. The stock’s 50 day moving average price is $516.19 and its two-hundred day moving average price is $499.60.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings results on Wednesday, July 31st. The social networking company reported $5.16 earnings per share for the quarter, beating the consensus estimate of $4.70 by $0.46. Meta Platforms had a net margin of 34.34% and a return on equity of 34.16%. The firm had revenue of $39.07 billion during the quarter, compared to the consensus estimate of $38.26 billion. During the same period in the previous year, the firm posted $3.23 earnings per share. The business’s revenue was up 22.1% compared to the same quarter last year. On average, equities analysts predict that Meta Platforms, Inc. will post 21.36 earnings per share for the current year.

Meta Platforms Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Monday, September 16th were paid a $0.50 dividend. The ex-dividend date was Monday, September 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.35%. Meta Platforms’s payout ratio is presently 11.49%.

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.