Meta Platforms: Analyst IMS Investment Management Services Ltd. Acquires 1,339 Shares
Analyst IMS Investment Management Services Ltd. has grown its holdings in Meta Platforms, Inc. (NASDAQ:META) by 5.1% during the 4th quarter, according to the company’s most recent filing with the SEC.
The fund owned 27,657 shares of the social networking company’s stock after purchasing an additional 1,339 shares during the period. Meta Platforms makes up about 0.5% of Analyst IMS Investment Management Services Ltd.’s portfolio, making the stock its 23rd biggest position.
Analyst IMS Investment Management Services Ltd.’s holdings in Meta Platforms were worth $18,256,000 at the end of the most recent quarter.
Other Institutional Investors
Several other hedge funds and other institutional investors also recently modified their holdings of the business. 1900 Wealth Management LLC increased its stake in shares of Meta Platforms by 31.8% in the 4th quarter. 1900 Wealth Management LLC now owns 1,181 shares of the social networking company’s stock valued at $780,000 after purchasing an additional 285 shares during the last quarter.
Three Magnolias Financial Advisors LLC increased its stake in shares of Meta Platforms by 28.6% in the 4th quarter. Three Magnolias Financial Advisors LLC now owns 1,048 shares of the social networking company’s stock valued at $692,000 after purchasing an additional 233 shares during the last quarter.
Quintet Private Bank Europe S.A. increased its stake in shares of Meta Platforms by 23.9% in the 4th quarter. Quintet Private Bank Europe S.A. now owns 57,098 shares of the social networking company’s stock valued at $37,690,000 after purchasing an additional 11,006 shares during the last quarter.
Aspiriant LLC increased its stake in shares of Meta Platforms by 5.6% in the 4th quarter. Aspiriant LLC now owns 11,224 shares of the social networking company’s stock valued at $7,409,000 after purchasing an additional 597 shares during the last quarter.
Greenbush Financial Group LLC increased its stake in shares of Meta Platforms by 5.2% in the 4th quarter. Greenbush Financial Group LLC now owns 3,115 shares of the social networking company’s stock valued at $2,056,000 after purchasing an additional 154 shares during the last quarter.
Institutional investors own 79.91% of the company’s stock.
Meta Platforms Trading Up 0.2%
Shares of META stock opened at $629.83 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.60 and a quick ratio of 2.60.
Meta Platforms, Inc. has a 1 year low of $479.80 and a 1 year high of $796.25. The stock has a market capitalization of $1.59 trillion, a price-to-earnings ratio of 26.80, a PEG ratio of 0.97 and a beta of 1.31.
The company’s fifty day simple moving average is $628.78 and its two-hundred day simple moving average is $654.74.
Meta Platforms Earnings Results
Meta Platforms last released its earnings results on Wednesday, January 28th. The social networking company reported $8.88 EPS for the quarter, beating analysts’ consensus estimates of $8.16 by $0.72.
The business had revenue of $59.89 billion for the quarter, compared to analysts’ expectations of $58.33 billion. Meta Platforms had a return on equity of 38.61% and a net margin of 30.08%.
The firm’s revenue was up 23.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $8.02 earnings per share.
As a group, analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.
Meta Platforms Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Monday, March 16th were given a $0.525 dividend.
The ex-dividend date of this dividend was Monday, March 16th. This represents a $2.10 annualized dividend and a yield of 0.3%. Meta Platforms’ dividend payout ratio is 8.94%.
Wall Street Analysts Forecast Growth
META has been the topic of a number of research reports. Evercore boosted their price objective on Meta Platforms from $875.00 to $900.00 and gave the stock an “outperform” rating in a research report on Thursday, January 29th.
Argus restated a “buy” rating and set a $800.00 price objective on shares of Meta Platforms in a research report on Monday, February 2nd.
UBS Group restated a “buy” rating and set a $872.00 price objective (up from $830.00) on shares of Meta Platforms in a research report on Thursday, January 29th.
TD Cowen restated a “buy” rating on shares of Meta Platforms in a research report on Tuesday, January 13th.
Finally, JPMorgan Chase & Co. boosted their price objective on Meta Platforms from $800.00 to $825.00 and gave the stock an “overweight” rating in a research report on Thursday, January 29th.
Four investment analysts have rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating and eight have assigned a Hold rating to the stock.
According to MarketBeat, Meta Platforms has a consensus rating of “Moderate Buy” and an average target price of $838.04.
Insider Activity at Meta Platforms
In related news, CTO Andrew Bosworth sold 8,089 shares of Meta Platforms stock in a transaction on Wednesday, February 18th.
The shares were sold at an average price of $631.24, for a total transaction of $5,106,100.36.
Following the transaction, the chief technology officer owned 2,841 shares in the company, valued at approximately $1,793,352.84.
The trade was a 74.01% decrease in their position.
The transaction was disclosed in a filing with the SEC.
