Ratan Capital Management LP Cuts Stock Holdings in Meta Platforms, Inc. (NASDAQ:META)

Ratan Capital Management LP reduced its stake in Meta Platforms, Inc. (NASDAQ:METAFree Report) by 65.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,106 shares of the social networking company’s stock after selling 32,900 shares during the quarter. Meta Platforms accounts for 4.0% of Ratan Capital Management LP’s portfolio, making the stock its 7th largest position. Ratan Capital Management LP’s holdings in Meta Platforms were worth $6,055,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Stone House Investment Management LLC lifted its stake in shares of Meta Platforms by 625.0% during the 3rd quarter. Stone House Investment Management LLC now owns 87 shares of the social networking company’s stock worth $26,000 after buying an additional 75 shares during the last quarter. Quest Partners LLC bought a new stake in shares of Meta Platforms during the fourth quarter worth approximately $32,000. Clear Investment Research LLC increased its stake in shares of Meta Platforms by 411.1% during the fourth quarter. Clear Investment Research LLC now owns 92 shares of the social networking company’s stock worth $33,000 after purchasing an additional 74 shares during the period. Gilfoyle & Co LLC bought a new stake in Meta Platforms in the 4th quarter valued at $39,000. Finally, Cranbrook Wealth Management LLC grew its holdings in Meta Platforms by 80.4% in the 4th quarter. Cranbrook Wealth Management LLC now owns 101 shares of the social networking company’s stock valued at $36,000 after buying an additional 45 shares in the last quarter. 79.91% of the stock is owned by institutional investors.

Meta Platforms Stock Down 0.2 %

Shares of META stock traded down $0.80 on Friday, reaching $492.96. 9,380,745 shares of the company were exchanged, compared to its average volume of 11,276,715. The company has a market cap of $1.25 trillion, a price-to-earnings ratio of 28.31, a PEG ratio of 1.28 and a beta of 1.21. The company has a 50-day moving average of $480.52 and a 200-day moving average of $435.75. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.68 and a quick ratio of 2.68. Meta Platforms, Inc. has a one year low of $258.88 and a one year high of $531.49.

Meta Platforms (NASDAQ:METAGet Free Report) last released its quarterly earnings data on Wednesday, April 24th. The social networking company reported $4.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.32 by $0.39. The company had revenue of $36.46 billion for the quarter, compared to analysts’ expectations of $36.28 billion. Meta Platforms had a net margin of 32.06% and a return on equity of 32.03%. Analysts anticipate that Meta Platforms, Inc. will post 20.16 earnings per share for the current year.

Meta Platforms Dividend Announcement

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

Wall Street Analyst Weigh In

META has been the subject of a number of recent research reports. Wedbush reduced their target price on shares of Meta Platforms from $570.00 to $480.00 and set an “outperform” rating for the company in a research report on Thursday, April 25th. Oppenheimer dropped their price target on Meta Platforms from $585.00 to $500.00 and set an “outperform” rating for the company in a research note on Thursday, April 25th. The Goldman Sachs Group reduced their price objective on shares of Meta Platforms from $555.00 to $500.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. Stifel Nicolaus boosted their target price on shares of Meta Platforms from $527.00 to $588.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Finally, Sanford C. Bernstein reduced their price target on shares of Meta Platforms from $590.00 to $565.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, thirty-seven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Meta Platforms has an average rating of “Moderate Buy” and a consensus price target of $510.41.

Check Out Our Latest Report on META

Insider Transactions at Meta Platforms

In other news, insider Jennifer Newstead sold 585 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $493.75, for a total transaction of $288,843.75. Following the transaction, the insider now owns 40,738 shares of the company’s stock, valued at approximately $20,114,387.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Meta Platforms news, CFO Susan J. Li sold 8,951 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $471.85, for a total value of $4,223,529.35. Following the completion of the sale, the chief financial officer now owns 74,580 shares in the company, valued at approximately $35,190,573. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Jennifer Newstead sold 585 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $493.75, for a total transaction of $288,843.75. Following the completion of the sale, the insider now owns 40,738 shares of the company’s stock, valued at approximately $20,114,387.50. The disclosure for this sale can be found here. Insiders have sold 604,890 shares of company stock valued at $297,429,900 in the last 90 days. 13.71% of the stock is currently owned by corporate insiders.

About Meta Platforms

(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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