Meta Platforms, Inc. (NASDAQ:META) Shares Acquired by Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A.

Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. increased its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 197.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,759 shares of the social networking company’s stock after purchasing an additional 29,070 shares during the quarter. Meta Platforms makes up approximately 3.1% of Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A.’s portfolio, making the stock its 13th biggest position. Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A.’s holdings in Meta Platforms were worth $25,621,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of Meta Platforms in the 4th quarter worth $19,949,512,000. Proficio Capital Partners LLC lifted its position in Meta Platforms by 78,471.1% in the fourth quarter. Proficio Capital Partners LLC now owns 6,248,763 shares of the social networking company’s stock valued at $3,658,713,000 after purchasing an additional 6,240,810 shares during the period. Raymond James Financial Inc. purchased a new stake in Meta Platforms in the 4th quarter valued at approximately $2,243,603,000. Northern Trust Corp increased its position in Meta Platforms by 13.5% during the 4th quarter. Northern Trust Corp now owns 23,445,565 shares of the social networking company’s stock worth $13,727,613,000 after purchasing an additional 2,787,832 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its position in Meta Platforms by 27.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 8,901,521 shares of the social networking company’s stock worth $5,211,967,000 after purchasing an additional 1,892,509 shares during the period. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Meta Platforms news, COO Javier Olivan sold 406 shares of the stock in a transaction on Monday, April 21st. The stock was sold at an average price of $491.69, for a total transaction of $199,626.14. Following the sale, the chief operating officer now owns 4,608 shares in the company, valued at $2,265,707.52. This represents a 8.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Mark Zuckerberg sold 3,523 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $701.10, for a total value of $2,469,975.30. The disclosure for this sale can be found here. In the last 90 days, insiders sold 98,837 shares of company stock valued at $64,758,661. 13.71% of the stock is owned by insiders.

Meta Platforms Stock Up 0.0%

META opened at $640.43 on Tuesday. Meta Platforms, Inc. has a fifty-two week low of $442.65 and a fifty-two week high of $740.91. The firm has a market capitalization of $1.61 trillion, a P/E ratio of 26.77, a PEG ratio of 1.42 and a beta of 1.24. The company’s 50-day moving average is $571.79 and its 200 day moving average is $607.61. 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 earnings results on Wednesday, April 30th. The social networking company reported $6.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.33 by $1.10. The firm had revenue of $42.31 billion during the quarter, compared to analyst estimates of $41.45 billion. Meta Platforms had a return on equity of 38.17% and a net margin of 37.91%. The business’s revenue was up 16.1% compared to the same quarter last year. During the same period last year, the firm posted $4.71 EPS. Research analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on META shares. Pivotal Research reduced their target price on Meta Platforms from $875.00 to $830.00 and set a “buy” rating for the company in a report on Thursday, May 1st. Piper Sandler raised their price objective 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. Moffett Nathanson upped their target price on shares of Meta Platforms from $525.00 to $605.00 and gave the stock a “buy” rating in a research report on Thursday, May 1st. Cantor Fitzgerald increased their target price on shares of Meta Platforms from $624.00 to $676.00 and gave the company an “overweight” rating in a report on Thursday, May 1st. Finally, Stifel Nicolaus boosted their price target on Meta Platforms from $628.00 to $655.00 and gave the stock a “buy” rating in a research note on Thursday, May 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $701.05.

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.