Meta Platforms, Inc. (NASDAQ:META) is Y.D. More Investments Ltd’s 8th Largest Position

Y.D. More Investments Ltd trimmed its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 5.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,387 shares of the social networking company’s stock after selling 2,275 shares during the quarter. Meta Platforms accounts for approximately 2.6% of Y.D. More Investments Ltd’s investment portfolio, making the stock its 8th largest position. Y.D. More Investments Ltd’s holdings in Meta Platforms were worth $13,233,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Addison Advisors LLC boosted its stake in shares of Meta Platforms by 3.9% during the fourth quarter. Addison Advisors LLC now owns 670 shares of the social networking company’s stock valued at $237,000 after acquiring an additional 25 shares during the last quarter. WoodTrust Financial Corp boosted its holdings in Meta Platforms by 1.8% in the 4th quarter. WoodTrust Financial Corp now owns 1,547 shares of the social networking company’s stock worth $548,000 after acquiring an additional 27 shares during the period. Tennessee Valley Asset Management Partners increased its position in shares of Meta Platforms by 0.6% during the fourth quarter. Tennessee Valley Asset Management Partners now owns 4,566 shares of the social networking company’s stock worth $1,616,000 after acquiring an additional 27 shares during the last quarter. Peterson Wealth Advisors LLC raised its position in shares of Meta Platforms by 1.9% in the 4th quarter. Peterson Wealth Advisors LLC now owns 1,468 shares of the social networking company’s stock valued at $520,000 after purchasing an additional 28 shares in the last quarter. Finally, Edge Wealth Management LLC increased its position in shares of Meta Platforms by 4.0% in the 4th quarter. Edge Wealth Management LLC now owns 730 shares of the social networking company’s stock worth $258,000 after purchasing an additional 28 shares during the last quarter. 79.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Oppenheimer dropped their price target on Meta Platforms from $585.00 to $500.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th. Morgan Stanley lifted their target price on Meta Platforms from $375.00 to $550.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Wedbush cut their price target on Meta Platforms from $570.00 to $480.00 and set an “outperform” rating on the stock in a report on Thursday, April 25th. Canaccord Genuity Group increased their target price on Meta Platforms from $450.00 to $540.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Finally, Robert W. Baird lowered their price target on shares of Meta Platforms from $525.00 to $500.00 and set an “outperform” rating for the company in a research report on Thursday, April 25th. One analyst has rated the stock with a sell rating, three have given a hold rating, thirty-seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Meta Platforms has an average rating of “Moderate Buy” and an average target price of $513.55.

Insider Activity at Meta Platforms

In other Meta Platforms news, CEO Mark Zuckerberg sold 34,398 shares of the company’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $457.52, for a total transaction of $15,737,772.96. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Meta Platforms news, COO Javier Olivan sold 490 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $441.54, for a total transaction of $216,354.60. Following the completion of the transaction, the chief operating officer now owns 6,599 shares in the company, valued at approximately $2,913,722.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Mark Zuckerberg sold 34,398 shares of Meta Platforms stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $457.52, for a total transaction of $15,737,772.96. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,257,291 shares of company stock worth $612,916,087. 13.71% of the stock is currently owned by company insiders.

Meta Platforms Stock Up 2.1 %

Shares of META traded up $9.02 during trading hours on Wednesday, reaching $439.19. The company’s stock had a trading volume of 20,269,099 shares, compared to its average volume of 18,450,998. The firm has a market cap of $1.12 trillion, a price-to-earnings ratio of 25.36, a P/E/G ratio of 1.12 and a beta of 1.20. Meta Platforms, Inc. has a 1-year low of $229.85 and a 1-year high of $531.49. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.12. The company has a 50 day moving average of $492.83 and a two-hundred day moving average of $406.97.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings data on Wednesday, April 24th. The social networking company reported $4.71 earnings per share for the quarter, beating the consensus estimate of $4.32 by $0.39. Meta Platforms had a return on equity of 32.03% and a net margin of 32.06%. The company had revenue of $36.46 billion during the quarter, compared to analysts’ expectations of $36.28 billion. As a group, research analysts predict that Meta Platforms, Inc. will post 20.17 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Thursday, February 22nd were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date was Wednesday, February 21st. Meta Platforms’s dividend payout ratio (DPR) is 11.49%.

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.