Meta Platforms, Inc. $META Stake Decreased by AMS Capital Ltda

AMS Capital Ltda lowered its position in Meta Platforms, Inc. (NASDAQ:META) by 2.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 45,414 shares of the social networking company’s stock after selling 975 shares during the period. Meta Platforms accounts for about 11.0% of AMS Capital Ltda’s investment portfolio, making the stock its 4th largest holding. AMS Capital Ltda’s holdings in Meta Platforms were worth $29,124,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in META. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its stake in shares of Meta Platforms by 0.4% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 3,506 shares of the social networking company’s stock worth $2,587,000 after acquiring an additional 13 shares in the last quarter. Pachira Investments Inc. grew its stake in shares of Meta Platforms by 3.0% in the 2nd quarter. Pachira Investments Inc. now owns 488 shares of the social networking company’s stock worth $360,000 after buying an additional 14 shares during the last quarter. Hemington Wealth Management increased its position in Meta Platforms by 0.6% during the 2nd quarter. Hemington Wealth Management now owns 2,223 shares of the social networking company’s stock valued at $1,641,000 after buying an additional 14 shares in the last quarter. Vista Capital Partners Inc. boosted its holdings in Meta Platforms by 1.3% in the second quarter. Vista Capital Partners Inc. now owns 1,075 shares of the social networking company’s stock worth $794,000 after acquiring an additional 14 shares in the last quarter. Finally, Myecfo LLC grew its stake in shares of Meta Platforms by 2.0% in the second quarter. Myecfo LLC now owns 776 shares of the social networking company’s stock worth $573,000 after acquiring an additional 15 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on META shares. Oppenheimer cut shares of Meta Platforms from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 30th. Rosenblatt Securities reiterated a “buy” rating and set a $1,117.00 price target on shares of Meta Platforms in a report on Friday, December 5th. Roth Capital restated a “buy” rating on shares of Meta Platforms in a report on Thursday, October 30th. Zacks Research downgraded Meta Platforms from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Finally, Arete Research set a $718.00 price target on Meta Platforms in a research note on Thursday, December 4th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $819.46.

Meta Platforms Price Performance

Shares of NASDAQ:META opened at $644.23 on Friday. The firm’s 50 day simple moving average is $665.92 and its two-hundred day simple moving average is $707.24. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.98 and a quick ratio of 1.98. The company has a market capitalization of $1.62 trillion, a P/E ratio of 28.46, a P/E/G ratio of 1.35 and a beta of 1.28. Meta Platforms, Inc. has a 1-year low of $479.80 and a 1-year high of $796.25.

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, topping the consensus estimate of $6.74 by $0.51. Meta Platforms had a net margin of 30.89% and a return on equity of 39.35%. The company had revenue of $51.24 billion during the quarter, compared to the consensus estimate of $49.34 billion. During the same quarter in the prior year, the firm posted $6.03 EPS. Meta Platforms’s quarterly revenue was up 26.2% compared to the same quarter last year. Research analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Announces Dividend

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

Insider Activity at Meta Platforms

In other news, COO Javier Olivan sold 517 shares of the business’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $669.63, for a total value of $346,198.71. Following the transaction, the chief operating officer owned 13,751 shares of the company’s stock, valued at approximately $9,208,082.13. The trade was a 3.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jennifer Newstead sold 519 shares of Meta Platforms stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $664.16, for a total value of $344,699.04. Following the completion of the sale, the insider directly owned 30,215 shares in the company, valued at $20,067,594.40. This trade represents a 1.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 41,959 shares of company stock valued at $26,578,191. Corporate insiders own 13.61% of the company’s stock.

About Meta Platforms

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.