Dynamic Technology Lab Private Ltd Increases Stock Holdings in Meta Platforms, Inc. $META

Dynamic Technology Lab Private Ltd grew its stake in Meta Platforms, Inc. (NASDAQ:METAFree Report) by 335.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,480 shares of the social networking company’s stock after purchasing an additional 1,140 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Meta Platforms were worth $1,087,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. increased its stake in 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 valued at $142,149,566,000 after buying an additional 1,532,568 shares during the period. State Street Corp lifted its stake in shares of Meta Platforms by 1.9% in the 2nd quarter. State Street Corp now owns 86,925,674 shares of the social networking company’s stock worth $64,158,971,000 after acquiring an additional 1,650,435 shares during the period. Geode Capital Management LLC lifted its stake in shares of Meta Platforms by 1.3% in the 2nd 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 during the period. Norges Bank purchased a new stake in shares of Meta Platforms in the second quarter valued at about $23,155,393,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Meta Platforms by 1.8% in the second quarter. Charles Schwab Investment Management Inc. now owns 14,489,621 shares of the social networking company’s stock valued at $10,694,644,000 after acquiring an additional 262,550 shares in the last quarter. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Meta Platforms News Roundup

Here are the key news stories impacting Meta Platforms this week:

Analysts Set New Price Targets

Several research analysts recently issued reports on META shares. BMO Capital Markets increased their price target on shares of Meta Platforms from $710.00 to $730.00 and gave the stock a “market perform” rating in a report on Thursday, January 29th. Rothschild & Co Redburn set a $900.00 price objective on Meta Platforms in a report on Monday, January 26th. TD Cowen reiterated a “buy” rating on shares of Meta Platforms in a research report on Tuesday, January 13th. Stifel Nicolaus increased their target price on Meta Platforms from $785.00 to $820.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Finally, Canaccord Genuity Group raised their price target on Meta Platforms from $900.00 to $930.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Three analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $844.44.

View Our Latest Research Report on META

Insider Buying and Selling at Meta Platforms

In other news, CFO Susan J. Li sold 56,571 shares of the firm’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $644.70, for a total value of $36,471,323.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Javier Olivan sold 926 shares of Meta Platforms stock in a transaction on Monday, March 9th. The stock was sold at an average price of $634.94, for a total value of $587,954.44. Following the transaction, the chief operating officer directly owned 15,187 shares of the company’s stock, valued at $9,642,833.78. This trade represents a 5.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 161,446 shares of company stock valued at $103,451,688. Insiders own 13.61% of the company’s stock.

Meta Platforms Price Performance

META stock opened at $638.18 on Friday. The firm has a 50 day moving average of $653.98 and a 200-day moving average of $678.88. The company has a market cap of $1.61 trillion, a price-to-earnings ratio of 27.16, a PEG ratio of 1.02 and a beta of 1.30. The company has a current ratio of 2.60, a quick ratio of 2.60 and a debt-to-equity ratio of 0.27. Meta Platforms, Inc. has a 12-month low of $479.80 and a 12-month high of $796.25.

Meta Platforms (NASDAQ:METAGet Free Report) last released its quarterly earnings results on Wednesday, January 28th. The social networking company reported $8.88 earnings per share for the quarter, topping analysts’ consensus estimates of $8.16 by $0.72. Meta Platforms had a return on equity of 38.61% and a net margin of 30.08%.The business had revenue of $59.89 billion for the quarter, compared to analysts’ expectations of $58.33 billion. During the same quarter in the prior year, the firm posted $8.02 EPS. The company’s revenue was up 23.8% compared to the same quarter last year. As a group, equities analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Monday, March 16th will be given 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 is Monday, March 16th. Meta Platforms’s payout ratio is presently 8.94%.

Meta Platforms Company Profile

(Free Report)

Meta Platforms, Inc (NASDAQ: META), formerly Facebook, Inc, is a global technology company best known for building social networking services and immersive computing platforms. Founded in 2004 and headquartered in Menlo Park, California, the company operates a family of consumer-facing products and services that connect users, creators and businesses. In October 2021 the company rebranded as Meta to reflect an expanded strategic focus on augmented and virtual reality technologies alongside its social media businesses.

Meta’s core consumer products include Facebook, Instagram, WhatsApp and Messenger, which enable social networking, messaging, content sharing and community building across mobile and desktop devices.

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

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