Capital International Ltd. CA Has $144.63 Million Position in Meta Platforms, Inc. (NASDAQ:META)

Capital International Ltd. CA lowered its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 1.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 247,021 shares of the social networking company’s stock after selling 3,289 shares during the period. Meta Platforms makes up 5.9% of Capital International Ltd. CA’s holdings, making the stock its largest position. Capital International Ltd. CA’s holdings in Meta Platforms were worth $144,633,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Ballentine Partners LLC boosted its stake in Meta Platforms by 1.4% during the 4th quarter. Ballentine Partners LLC now owns 58,218 shares of the social networking company’s stock valued at $34,087,000 after purchasing an additional 808 shares in the last quarter. UMB Bank n.a. grew its holdings in Meta Platforms by 0.6% during the fourth quarter. UMB Bank n.a. now owns 140,585 shares of the social networking company’s stock worth $82,314,000 after acquiring an additional 897 shares during the period. Brueske Advisory Services LLC bought a new stake in Meta Platforms in the fourth quarter worth about $459,000. Apollon Financial LLC lifted its holdings in Meta Platforms by 11.1% in the 4th quarter. Apollon Financial LLC now owns 1,479 shares of the social networking company’s stock valued at $866,000 after acquiring an additional 148 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its position in shares of Meta Platforms by 1.7% during the 4th 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 purchasing an additional 110,040 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Meta Platforms Price Performance

Shares of NASDAQ:META opened at $501.48 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.98 and a quick ratio of 2.98. The stock has a market capitalization of $1.27 trillion, a P/E ratio of 20.96, a P/E/G ratio of 1.42 and a beta of 1.28. The business has a 50-day moving average of $612.51 and a two-hundred day moving average of $607.32. Meta Platforms, Inc. has a fifty-two week low of $414.50 and a fifty-two week high of $740.91.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings results on Wednesday, January 29th. The social networking company reported $8.02 EPS for the quarter, beating the consensus estimate 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 firm earned $5.33 EPS. On average, equities research analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th were issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 0.42%. This is a boost from Meta Platforms’s previous quarterly dividend of $0.50. The ex-dividend date was Friday, March 14th. Meta Platforms’s dividend payout ratio is 8.78%.

Analyst Ratings Changes

META has been the subject of several recent research reports. BMO Capital Markets increased their target price on shares of Meta Platforms from $530.00 to $610.00 and gave the company a “market perform” rating in a research note on Thursday, January 30th. UBS Group reduced their price objective on Meta Platforms from $786.00 to $650.00 and set a “buy” rating for the company in a research note on Friday, April 11th. Guggenheim cut their target price on Meta Platforms from $750.00 to $675.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Morgan Stanley reduced their target price on Meta Platforms from $660.00 to $615.00 and set an “overweight” rating for the company in a report on Thursday. Finally, Tigress Financial restated a “strong-buy” rating on shares of Meta Platforms in a report on Tuesday, February 11th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-five have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $684.10.

Insider Transactions at Meta Platforms

In other Meta Platforms news, COO Javier Olivan sold 608 shares of the firm’s stock in a transaction on Monday, April 14th. The shares were sold at an average price of $556.45, for a total value of $338,321.60. Following the sale, the chief operating officer now directly owns 5,014 shares in the company, valued at $2,790,040.30. This trade represents a 10.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jennifer Newstead sold 905 shares of the company’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $618.00, for a total transaction of $559,290.00. Following the transaction, the insider now directly owns 30,200 shares of the company’s stock, valued at $18,663,600. This represents a 2.91 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 379,901 shares of company stock worth $260,806,516. Company insiders own 13.71% of the company’s stock.

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.