Meta Platforms, Inc. $META Shares Purchased by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA increased its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 4.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 204,574 shares of the social networking company’s stock after buying an additional 8,323 shares during the quarter. Meta Platforms comprises approximately 3.1% of Union Bancaire Privee UBP SA’s portfolio, making the stock its 9th biggest holding. Union Bancaire Privee UBP SA’s holdings in Meta Platforms were worth $161,506,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in META. Bare Financial Services Inc acquired a new position in Meta Platforms during the second quarter worth approximately $30,000. Evergreen Private Wealth LLC boosted its holdings in shares of Meta Platforms by 237.5% in the 2nd quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company’s stock valued at $40,000 after purchasing an additional 38 shares during the last quarter. Briaud Financial Planning Inc purchased a new stake in shares of Meta Platforms during the 2nd quarter valued at $42,000. Knuff & Co LLC acquired a new stake in shares of Meta Platforms during the 2nd quarter worth $44,000. Finally, WFA Asset Management Corp raised its position in shares of Meta Platforms by 42.6% in the 2nd quarter. WFA Asset Management Corp now owns 67 shares of the social networking company’s stock worth $49,000 after buying an additional 20 shares during the period. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Meta Platforms Stock Performance

NASDAQ:META opened at $664.45 on Friday. The firm has a 50-day moving average of $660.69 and a two-hundred day moving average of $707.10. 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 stock has a market cap of $1.67 trillion, a P/E ratio of 29.35, a PEG ratio of 1.36 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 announced its earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.74 by $0.51. The business had revenue of $51.24 billion for the quarter, compared to analyst estimates of $49.34 billion. Meta Platforms had a return on equity of 39.35% and a net margin of 30.89%.The company’s revenue for the quarter was up 26.2% compared to the same quarter last year. During the same period in the previous year, the company earned $6.03 earnings per share. On average, research analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The company also recently declared 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. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Monday, December 15th. Meta Platforms’s dividend payout ratio (DPR) is 9.28%.

Insider Transactions at Meta Platforms

In other Meta Platforms news, COO Javier Olivan sold 517 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $646.00, for a total transaction of $333,982.00. Following the sale, the chief operating officer owned 13,234 shares in the company, valued at $8,549,164. This represents a 3.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Jennifer Newstead sold 519 shares of Meta Platforms stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $643.23, for a total value of $333,836.37. Following the completion of the transaction, the insider owned 29,696 shares of the company’s stock, valued at approximately $19,101,358.08. The trade was a 1.72% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 42,074 shares of company stock valued at $26,478,698 in the last three months. Corporate insiders own 13.61% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on META. Royal Bank Of Canada lowered their price target on Meta Platforms from $840.00 to $810.00 and set an “outperform” rating for the company in a research report on Thursday, October 30th. JPMorgan Chase & Co. decreased their target price on Meta Platforms from $875.00 to $800.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Canaccord Genuity Group reissued a “buy” rating and set a $900.00 target price on shares of Meta Platforms in a research report on Thursday, October 30th. Stifel Nicolaus reduced their price target on shares of Meta Platforms from $900.00 to $875.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. Finally, Roth Capital reiterated a “buy” rating on shares of Meta Platforms in a research note on Thursday, October 30th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $819.46.

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.