Meta Platforms, Inc. $META Stock Holdings Increased by Columbus Hill Capital Management L.P.

Columbus Hill Capital Management L.P. lifted its holdings in Meta Platforms, Inc. (NASDAQ:META) by 10.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 75,376 shares of the social networking company’s stock after purchasing an additional 7,300 shares during the quarter. Meta Platforms accounts for approximately 8.0% of Columbus Hill Capital Management L.P.’s investment portfolio, making the stock its 3rd largest position. Columbus Hill Capital Management L.P.’s holdings in Meta Platforms were worth $55,634,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Meta Platforms by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 192,591,101 shares of the social networking company’s stock worth $142,149,566,000 after buying an additional 1,532,568 shares during the last quarter. Kingstone Capital Partners Texas LLC lifted its holdings in shares of Meta Platforms by 608,429.2% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 59,775,823 shares of the social networking company’s stock valued at $44,119,937,000 after acquiring an additional 59,766,000 shares during the last quarter. Geode Capital Management LLC grew its position in Meta Platforms by 1.3% in the second quarter. Geode Capital Management LLC now owns 51,575,209 shares of the social networking company’s stock worth $37,902,948,000 after acquiring an additional 682,768 shares in the last quarter. Invesco Ltd. grew its position in Meta Platforms by 2.3% in the first quarter. Invesco Ltd. now owns 17,669,795 shares of the social networking company’s stock worth $10,184,163,000 after acquiring an additional 400,927 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Meta Platforms by 8.8% during the first quarter. Goldman Sachs Group Inc. now owns 15,575,962 shares of the social networking company’s stock worth $8,977,361,000 after acquiring an additional 1,255,546 shares during the last quarter. Institutional investors own 79.91% of the company’s stock.

Meta Platforms Stock Up 3.4%

Shares of NASDAQ:META opened at $661.53 on Friday. Meta Platforms, Inc. has a 52-week low of $479.80 and a 52-week high of $796.25. The stock has a market cap of $1.67 trillion, a P/E ratio of 29.22, a price-to-earnings-growth ratio of 1.34 and a beta of 1.28. The business’s 50 day moving average is $674.56 and its 200 day moving average is $705.81. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.15.

Meta Platforms (NASDAQ:META) last issued its earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share for the quarter, beating analysts’ consensus estimates of $6.74 by $0.51. Meta Platforms had a return on equity of 39.35% and a net margin of 30.89%.The business had revenue of $51.24 billion during the quarter, compared to analyst estimates of $49.34 billion. During the same period in the previous year, the company posted $6.03 EPS. Meta Platforms’s revenue was up 26.2% on a year-over-year basis. Sell-side analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Monday, December 15th will be paid a $0.525 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. Meta Platforms’s dividend payout ratio is 9.28%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on META shares. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Meta Platforms in a research note on Tuesday, October 14th. Wall Street Zen lowered shares of Meta Platforms from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Sanford C. Bernstein reissued an “outperform” rating and issued a $870.00 target price (down previously from $900.00) on shares of Meta Platforms in a research note on Thursday, October 30th. Canaccord Genuity Group restated a “buy” rating and issued a $900.00 target price on shares of Meta Platforms in a report on Thursday, October 30th. Finally, DA Davidson set a $825.00 price target on shares of Meta Platforms in a report on Thursday, October 30th. Four analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $819.43.

Insider Activity at Meta Platforms

In other news, CFO Susan J. Li sold 6,875 shares of the company’s stock in a transaction that occurred on Saturday, November 15th. The shares were sold at an average price of $609.46, for a total value of $4,190,037.50. Following the completion of the sale, the chief financial officer owned 88,370 shares of the company’s stock, valued at approximately $53,857,980.20. This represents a 7.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Aaron Anderson sold 726 shares of Meta Platforms stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $591.60, for a total transaction of $429,501.60. Following the transaction, the chief accounting officer directly owned 6,035 shares in the company, valued at approximately $3,570,306. The trade was a 10.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 41,959 shares of company stock worth $26,671,107 over the last quarter. Corporate insiders own 13.61% of the company’s stock.

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.