Meta Platforms, Inc. (NASDAQ:META) Shares Acquired by Capitolis Liquid Global Markets LLC

Capitolis Liquid Global Markets LLC increased its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 267.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 257,100 shares of the social networking company’s stock after purchasing an additional 187,100 shares during the quarter. Meta Platforms accounts for approximately 2.0% of Capitolis Liquid Global Markets LLC’s holdings, making the stock its 14th biggest position. Capitolis Liquid Global Markets LLC’s holdings in Meta Platforms were worth $124,843,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of META. Hilltop Partners LLC boosted its stake in shares of Meta Platforms by 161.1% in the first quarter. Hilltop Partners LLC now owns 2,538 shares of the social networking company’s stock valued at $1,232,000 after buying an additional 1,566 shares in the last quarter. Point Break Capital Management LLC purchased a new stake in shares of Meta Platforms during the 1st quarter worth $2,481,000. Evolutionary Tree Capital Management LLC acquired a new position in shares of Meta Platforms during the 1st quarter worth $2,607,000. Goepper Burkhardt LLC increased its holdings in shares of Meta Platforms by 8.6% in the 1st quarter. Goepper Burkhardt LLC now owns 925 shares of the social networking company’s stock valued at $441,000 after purchasing an additional 73 shares in the last quarter. Finally, UniSuper Management Pty Ltd lifted its stake in shares of Meta Platforms by 31.6% in the first quarter. UniSuper Management Pty Ltd now owns 293,663 shares of the social networking company’s stock valued at $142,597,000 after purchasing an additional 70,584 shares during the period. 79.91% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Meta Platforms

In other news, insider Jennifer Newstead sold 905 shares of Meta Platforms stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $533.95, for a total transaction of $483,224.75. Following the sale, the insider now owns 36,940 shares of the company’s stock, valued at $19,724,113. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Meta Platforms news, COO Javier Olivan sold 412 shares of the business’s stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $474.86, for a total transaction of $195,642.32. Following the sale, the chief operating officer now directly owns 5,971 shares in the company, valued at approximately $2,835,389.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jennifer Newstead sold 905 shares of the firm’s stock in a transaction that occurred on Tuesday, July 9th. The shares were sold at an average price of $533.95, for a total transaction of $483,224.75. Following the transaction, the insider now owns 36,940 shares in the company, valued at approximately $19,724,113. The disclosure for this sale can be found here. Insiders sold 310,933 shares of company stock valued at $154,451,206 in the last ninety days. Company insiders own 13.71% of the company’s stock.

Meta Platforms Stock Performance

META traded down $9.44 on Thursday, hitting $451.83. 2,727,192 shares of the company’s stock were exchanged, compared to its average volume of 16,101,643. Meta Platforms, Inc. has a twelve month low of $274.38 and a twelve month high of $542.81. The firm has a market cap of $1.15 trillion, a PE ratio of 25.95, a P/E/G ratio of 1.26 and a beta of 1.21. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.12. The stock has a fifty day moving average of $493.72 and a two-hundred day moving average of $473.94.

Meta Platforms (NASDAQ:META) last posted its earnings results on Wednesday, April 24th. The social networking company reported $4.71 earnings per share (EPS) for the quarter, beating 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 return on equity of 32.03% and a net margin of 32.06%. On average, research analysts anticipate that Meta Platforms, Inc. will post 20.23 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Investors of record on Friday, June 14th were given a $0.50 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $2.00 annualized dividend and a yield of 0.44%. Meta Platforms’s dividend payout ratio is presently 11.49%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Roth Mkm upped their price target on Meta Platforms from $500.00 to $510.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Jefferies Financial Group lowered their target price on Meta Platforms from $585.00 to $540.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. Truist Financial dropped their price target on Meta Platforms from $550.00 to $535.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. Raymond James boosted their price objective on shares of Meta Platforms from $550.00 to $600.00 and gave the stock a “strong-buy” rating in a research report on Monday, July 1st. Finally, Oppenheimer raised their target price on shares of Meta Platforms from $500.00 to $525.00 and gave the company an “outperform” rating in a report on Friday, July 19th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, thirty-six have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Meta Platforms currently has a consensus rating of “Moderate Buy” and a consensus target price of $521.48.

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.