Dash Acquisitions Inc. Has $26.37 Million Stock Position in Meta Platforms, Inc. (NASDAQ:META)

Dash Acquisitions Inc. raised its stake in Meta Platforms, Inc. (NASDAQ:META) by 1.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 53,370 shares of the social networking company’s stock after acquiring an additional 702 shares during the period. Meta Platforms comprises about 8.3% of Dash Acquisitions Inc.’s investment portfolio, making the stock its 2nd largest position. Dash Acquisitions Inc.’s holdings in Meta Platforms were worth $26,374,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of META. Kennedy Capital Management LLC increased its holdings in Meta Platforms by 18.8% during the 3rd quarter. Kennedy Capital Management LLC now owns 13,847 shares of the social networking company’s stock valued at $4,157,000 after purchasing an additional 2,189 shares in the last quarter. KADENSA CAPITAL Ltd acquired a new stake in shares of Meta Platforms in the third quarter valued at $9,548,000. Jericho Capital Asset Management L.P. raised its holdings in shares of Meta Platforms by 88.4% in the third quarter. Jericho Capital Asset Management L.P. now owns 1,084,963 shares of the social networking company’s stock valued at $325,717,000 after buying an additional 509,000 shares during the last quarter. Jackson Wealth Management LLC acquired a new position in Meta Platforms during the 3rd quarter worth about $201,000. Finally, JT Stratford LLC grew its holdings in Meta Platforms by 22.0% during the 3rd quarter. JT Stratford LLC now owns 12,876 shares of the social networking company’s stock worth $3,866,000 after acquiring an additional 2,318 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

META has been the topic of a number of research reports. Rosenblatt Securities upped their target price on shares of Meta Platforms from $520.00 to $562.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Canaccord Genuity Group decreased their price objective on Meta Platforms from $610.00 to $575.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. Guggenheim dropped their target price on Meta Platforms from $520.00 to $500.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. Benchmark reaffirmed a “hold” rating on shares of Meta Platforms in a research note on Monday, April 22nd. Finally, Jefferies Financial Group lowered their price objective on Meta Platforms from $585.00 to $540.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, thirty-seven have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Meta Platforms presently has a consensus rating of “Moderate Buy” and a consensus price target of $511.27.

Insider Transactions at Meta Platforms

In other news, COO Javier Olivan sold 412 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $472.70, for a total value of $194,752.40. Following the completion of the transaction, the chief operating officer now owns 15,376 shares in the company, valued at approximately $7,268,235.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Mark Zuckerberg sold 16,702 shares of the stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $514.96, for a total value of $8,600,861.92. Following the completion of the sale, the chief executive officer now owns 213,007 shares of the company’s stock, valued at approximately $109,690,084.72. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Javier Olivan sold 412 shares of the business’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $472.70, for a total transaction of $194,752.40. Following the transaction, the chief operating officer now owns 15,376 shares in the company, valued at $7,268,235.20. The disclosure for this sale can be found here. Insiders have sold a total of 218,086 shares of company stock valued at $106,423,370 over the last 90 days. 13.71% of the stock is owned by corporate insiders.

Meta Platforms Price Performance

META stock opened at $509.50 on Wednesday. The stock has a 50-day moving average price of $480.72 and a two-hundred day moving average price of $458.05. Meta Platforms, Inc. has a 1 year low of $274.38 and a 1 year high of $531.49. The stock has a market cap of $1.29 trillion, a PE ratio of 29.26, a price-to-earnings-growth ratio of 1.31 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.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings data on Wednesday, April 24th. The social networking company reported $4.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.32 by $0.39. The business had revenue of $36.46 billion during the quarter, compared to the consensus estimate of $36.28 billion. Meta Platforms had a return on equity of 32.03% and a net margin of 32.06%. Equities analysts forecast that Meta Platforms, Inc. will post 20.16 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Friday, June 14th were issued a $0.50 dividend. The ex-dividend date was Friday, June 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.39%. Meta Platforms’s dividend payout ratio (DPR) is presently 11.49%.

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.