Meta Platforms, Inc. (NASDAQ:META) is Campbell Capital Management Inc.’s 6th Largest Position

Campbell Capital Management Inc. increased its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 1.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,571 shares of the social networking company’s stock after purchasing an additional 378 shares during the quarter. Meta Platforms makes up 4.7% of Campbell Capital Management Inc.’s holdings, making the stock its 6th largest position. Campbell Capital Management Inc.’s holdings in Meta Platforms were worth $12,044,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in the stock. Geode Capital Management LLC raised its stake in Meta Platforms by 1.5% in the third quarter. Geode Capital Management LLC now owns 48,160,608 shares of the social networking company’s stock valued at $27,470,870,000 after buying an additional 698,884 shares during the last quarter. Jennison Associates LLC raised its stake in Meta Platforms by 1.9% in the third quarter. Jennison Associates LLC now owns 14,440,868 shares of the social networking company’s stock valued at $8,266,531,000 after buying an additional 263,063 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Meta Platforms by 3.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 14,251,766 shares of the social networking company’s stock valued at $8,344,552,000 after buying an additional 424,201 shares during the last quarter. Franklin Resources Inc. raised its stake in Meta Platforms by 2.8% in the third quarter. Franklin Resources Inc. now owns 6,946,755 shares of the social networking company’s stock valued at $4,101,602,000 after buying an additional 186,728 shares during the last quarter. Finally, Fisher Asset Management LLC raised its stake in Meta Platforms by 1.7% in the fourth quarter. Fisher Asset Management LLC now owns 6,675,174 shares of the social networking company’s stock valued at $3,908,382,000 after buying an additional 110,040 shares during the last quarter. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Meta Platforms Stock Performance

NASDAQ META opened at $582.36 on Wednesday. The company has a market cap of $1.48 trillion, a PE ratio of 24.35, a price-to-earnings-growth ratio of 1.42 and a beta of 1.23. The stock’s 50 day simple moving average is $656.80 and its 200-day simple moving average is $604.84. Meta Platforms, Inc. has a 1-year low of $414.50 and a 1-year high of $740.91. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.98 and a quick ratio of 2.98.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings data on Wednesday, January 29th. The social networking company reported $8.02 EPS for the quarter, topping analysts’ consensus estimates of $6.75 by $1.27. Meta Platforms had a return on equity of 38.17% and a net margin of 37.91%. During the same quarter in the prior year, the business earned $5.33 EPS. As a group, equities research analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Friday, March 14th will be given a dividend of $0.525 per share. This is an increase from Meta Platforms’s previous quarterly dividend of $0.50. The ex-dividend date is Friday, March 14th. This represents a $2.10 dividend on an annualized basis and a yield of 0.36%. Meta Platforms’s dividend payout ratio (DPR) is presently 8.78%.

Wall Street Analyst Weigh In

META has been the subject of a number of research analyst reports. DA Davidson increased their price target on Meta Platforms from $700.00 to $800.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Rosenblatt Securities reiterated a “buy” rating and issued a $811.00 price target on shares of Meta Platforms in a research note on Monday, January 27th. Truist Financial increased their price target on Meta Platforms from $700.00 to $770.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Wedbush reissued an “outperform” rating and issued a $770.00 price objective (up from $700.00) on shares of Meta Platforms in a report on Thursday, January 30th. Finally, Raymond James reissued a “strong-buy” rating and issued a $800.00 price objective (up from $725.00) on shares of Meta Platforms in a report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $718.31.

Insider Buying and Selling

In related news, CEO Mark Zuckerberg sold 10,100 shares of Meta Platforms stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $601.54, for a total transaction of $6,075,554.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Javier Olivan sold 4,706 shares of Meta Platforms stock in a transaction that occurred on Saturday, February 15th. The stock was sold at an average price of $736.67, for a total value of $3,466,769.02. Following the transaction, the chief operating officer now owns 20,935 shares in the company, valued at approximately $15,422,186.45. The trade was a 18.35 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 631,415 shares of company stock worth $414,365,524. 13.71% of the stock is owned by corporate insiders.

Meta Platforms Company 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.