Full Sail Capital LLC Has $912,000 Position in Meta Platforms, Inc. (NASDAQ:META)

Full Sail Capital LLC boosted its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,557 shares of the social networking company’s stock after acquiring an additional 36 shares during the quarter. Full Sail Capital LLC’s holdings in Meta Platforms were worth $912,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Fullerton Fund Management Co Ltd. boosted its stake in shares of Meta Platforms by 19.8% during the 4th quarter. Fullerton Fund Management Co Ltd. now owns 167,897 shares of the social networking company’s stock worth $98,305,000 after acquiring an additional 27,718 shares in the last quarter. Ethic Inc. lifted its holdings in Meta Platforms by 34.5% in the 4th quarter. Ethic Inc. now owns 133,866 shares of the social networking company’s stock worth $78,380,000 after purchasing an additional 34,367 shares during the last quarter. Eschler Asset Management LLP boosted its position in Meta Platforms by 7.6% during the fourth quarter. Eschler Asset Management LLP now owns 6,246 shares of the social networking company’s stock worth $3,657,000 after purchasing an additional 441 shares during the period. First Manhattan CO. LLC. grew its holdings in Meta Platforms by 83.0% during the fourth quarter. First Manhattan CO. LLC. now owns 104,436 shares of the social networking company’s stock valued at $61,298,000 after purchasing an additional 47,364 shares during the last quarter. Finally, FWL Investment Management LLC raised its position in shares of Meta Platforms by 65.6% in the fourth quarter. FWL Investment Management LLC now owns 159 shares of the social networking company’s stock valued at $93,000 after purchasing an additional 63 shares during the period. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on META. Piper Sandler raised their target price on shares of Meta Platforms from $610.00 to $650.00 and gave the company an “overweight” rating in a research note on Thursday, May 1st. Jefferies Financial Group lowered their price target on Meta Platforms from $725.00 to $600.00 and set a “buy” rating on the stock in a research report on Monday, April 7th. Morgan Stanley boosted their price objective on Meta Platforms from $615.00 to $650.00 and gave the stock an “overweight” rating in a research report on Thursday, May 1st. DA Davidson lowered their target price on Meta Platforms from $800.00 to $650.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Finally, Loop Capital cut their price target on Meta Platforms from $900.00 to $695.00 and set a “buy” rating for the company in a report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $696.45.

Meta Platforms Price Performance

Shares of META opened at $592.49 on Friday. The stock has a 50 day simple moving average of $568.87 and a 200 day simple moving average of $604.22. Meta Platforms, Inc. has a 52-week low of $442.65 and a 52-week high of $740.91. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.98 and a current ratio of 2.98. The firm has a market capitalization of $1.50 trillion, a PE ratio of 24.77, a P/E/G ratio of 1.42 and a beta of 1.24.

Meta Platforms (NASDAQ:META) last released its quarterly earnings results on Wednesday, April 30th. The social networking company reported $6.43 earnings per share for the quarter, beating the consensus estimate of $5.33 by $1.10. The company had revenue of $42.31 billion during the quarter, compared to analysts’ expectations of $41.45 billion. Meta Platforms had a net margin of 37.91% and a return on equity of 38.17%. The business’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.71 earnings per share. Sell-side analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th were paid a dividend of $0.525 per share. This is a boost from Meta Platforms’s previous quarterly dividend of $0.50. This represents a $2.10 annualized dividend and a dividend yield of 0.35%. The ex-dividend date was Friday, March 14th. Meta Platforms’s dividend payout ratio (DPR) is currently 8.19%.

Insider Activity

In related news, CFO Susan J. Li sold 8,553 shares of Meta Platforms stock in a transaction dated Saturday, February 15th. The stock was sold at an average price of $736.67, for a total value of $6,300,738.51. Following the sale, the chief financial officer now owns 51,793 shares of the company’s stock, valued at approximately $38,154,349.31. The trade was a 14.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mark Zuckerberg sold 35,795 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $715.82, for a total value of $25,622,776.90. The disclosure for this sale can be found here. Insiders have sold 155,689 shares of company stock worth $109,097,842 over the last ninety days. Insiders own 13.71% of the company’s stock.

Meta Platforms 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.