Hel Ved Capital Management Ltd Purchases 6,507 Shares of Meta Platforms, Inc. (NASDAQ:META)

Hel Ved Capital Management Ltd lifted its stake in shares of Meta Platforms, Inc. (NASDAQ:METAFree Report) by 29.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 28,832 shares of the social networking company’s stock after buying an additional 6,507 shares during the quarter. Meta Platforms comprises approximately 2.9% of Hel Ved Capital Management Ltd’s investment portfolio, making the stock its 9th largest holding. Hel Ved Capital Management Ltd’s holdings in Meta Platforms were worth $10,205,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of META. ProVise Management Group LLC increased its holdings in shares of Meta Platforms by 1.1% during the third quarter. ProVise Management Group LLC now owns 6,955 shares of the social networking company’s stock valued at $2,088,000 after acquiring an additional 76 shares in the last quarter. 9258 Wealth Management LLC raised its holdings in Meta Platforms by 27.7% during the third quarter. 9258 Wealth Management LLC now owns 2,399 shares of the social networking company’s stock worth $720,000 after buying an additional 520 shares during the last quarter. Obermeyer Wood Investment Counsel Lllp lifted its stake in shares of Meta Platforms by 1.0% in the third quarter. Obermeyer Wood Investment Counsel Lllp now owns 87,022 shares of the social networking company’s stock valued at $26,125,000 after buying an additional 894 shares in the last quarter. Baltimore Washington Financial Advisors Inc. grew its holdings in shares of Meta Platforms by 18.6% during the third quarter. Baltimore Washington Financial Advisors Inc. now owns 24,457 shares of the social networking company’s stock valued at $7,342,000 after buying an additional 3,834 shares during the last quarter. Finally, Allred Capital Management LLC increased its position in shares of Meta Platforms by 14.7% during the third quarter. Allred Capital Management LLC now owns 2,107 shares of the social networking company’s stock worth $633,000 after acquiring an additional 270 shares in the last quarter. 79.91% of the stock is owned by institutional investors.

Insider Buying and Selling at Meta Platforms

In related news, CEO Mark Zuckerberg sold 31,493 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $485.10, for a total value of $15,277,254.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Jennifer Newstead sold 585 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $431.05, for a total value of $252,164.25. Following the sale, the insider now directly owns 36,643 shares of the company’s stock, valued at approximately $15,794,965.15. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Mark Zuckerberg sold 31,493 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $485.10, for a total value of $15,277,254.30. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 604,890 shares of company stock valued at $297,429,900. 13.71% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

META has been the subject of several recent research reports. Wolfe Research decreased their price objective on Meta Platforms from $530.00 to $500.00 and set an “outperform” rating for the company in a report on Thursday, April 25th. Canaccord Genuity Group cut their price target on Meta Platforms from $610.00 to $575.00 and set a “buy” rating for the company in a report on Thursday, April 25th. JPMorgan Chase & Co. dropped their price objective on Meta Platforms from $535.00 to $480.00 and set an “overweight” rating on the stock in a report on Thursday, April 25th. BNP Paribas initiated coverage on Meta Platforms in a research report on Thursday, May 2nd. They set an “underperform” rating and a $360.00 price target on the stock. Finally, Barclays cut their price objective on shares of Meta Platforms from $550.00 to $520.00 and set an “overweight” rating for the company in a research report on Thursday, April 25th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, thirty-seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $510.41.

Check Out Our Latest Stock Analysis on META

Meta Platforms Trading Down 0.2 %

Shares of META traded down $0.80 during mid-day trading on Friday, hitting $492.96. 9,380,745 shares of the company’s stock traded hands, compared to its average volume of 11,276,715. The business’s 50-day moving average price is $480.52 and its 200-day moving average price is $435.75. Meta Platforms, Inc. has a 1 year low of $258.88 and a 1 year high of $531.49. The firm has a market capitalization of $1.25 trillion, a P/E ratio of 28.31, a PEG ratio of 1.28 and a beta of 1.21. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.12.

Meta Platforms (NASDAQ:METAGet Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The social networking company reported $4.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.32 by $0.39. Meta Platforms had a net margin of 32.06% and a return on equity of 32.03%. The company had revenue of $36.46 billion for the quarter, compared to analysts’ expectations of $36.28 billion. As a group, sell-side analysts forecast that Meta Platforms, Inc. will post 20.16 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 26th. Shareholders of record on Friday, June 14th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $2.00 dividend on an annualized basis and a yield of 0.41%. Meta Platforms’s dividend payout ratio (DPR) is 11.49%.

Meta Platforms Company Profile

(Free Report)

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.

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

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