XTX Topco Ltd Has $13.60 Million Stock Position in Meta Platforms, Inc. (NASDAQ:META)

XTX Topco Ltd grew its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 226.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 26,976 shares of the social networking company’s stock after purchasing an additional 18,721 shares during the period. Meta Platforms makes up approximately 1.2% of XTX Topco Ltd’s holdings, making the stock its 2nd largest position. XTX Topco Ltd’s holdings in Meta Platforms were worth $13,602,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. S.A. Mason LLC grew its holdings in shares of Meta Platforms by 1.5% in the first quarter. S.A. Mason LLC now owns 1,328 shares of the social networking company’s stock worth $645,000 after acquiring an additional 20 shares during the period. Horizon Bancorp Inc. IN boosted its position in Meta Platforms by 2.0% in the first quarter. Horizon Bancorp Inc. IN now owns 1,057 shares of the social networking company’s stock worth $513,000 after purchasing an additional 21 shares during the last quarter. Northern Capital Management Inc. grew its stake in shares of Meta Platforms by 3.4% during the 1st quarter. Northern Capital Management Inc. now owns 647 shares of the social networking company’s stock valued at $314,000 after purchasing an additional 21 shares during the period. Buckingham Capital Management Inc. increased its position in shares of Meta Platforms by 5.1% during the 2nd quarter. Buckingham Capital Management Inc. now owns 433 shares of the social networking company’s stock valued at $218,000 after purchasing an additional 21 shares during the last quarter. Finally, LongView Wealth Management lifted its stake in shares of Meta Platforms by 1.3% in the 1st quarter. LongView Wealth Management now owns 1,762 shares of the social networking company’s stock worth $856,000 after purchasing an additional 22 shares during the period. 79.91% of the stock is owned by institutional investors.

Meta Platforms Price Performance

META stock opened at $561.35 on Friday. The stock has a market cap of $1.42 trillion, a PE ratio of 32.24, a P/E/G ratio of 1.26 and a beta of 1.21. The company has a 50-day moving average price of $507.58 and a 200 day moving average price of $497.22. Meta Platforms, Inc. has a 12 month low of $279.40 and a 12 month high of $564.50. The company has a current ratio of 2.83, a quick ratio of 2.83 and a debt-to-equity ratio of 0.12.

Meta Platforms (NASDAQ:META) last issued its earnings results on Wednesday, July 31st. The social networking company reported $5.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.70 by $0.46. The firm had revenue of $39.07 billion during the quarter, compared to analyst estimates of $38.26 billion. Meta Platforms had a net margin of 34.34% and a return on equity of 34.16%. The business’s revenue was up 22.1% on a year-over-year basis. During the same period in the previous year, the firm earned $3.23 earnings per share. Equities research analysts anticipate that Meta Platforms, Inc. will post 21.36 earnings per share for the current year.

Meta Platforms Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Monday, September 16th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date of this dividend is Monday, September 16th. Meta Platforms’s payout ratio is 11.49%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. JPMorgan Chase & Co. upped their target price on shares of Meta Platforms from $480.00 to $610.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Evercore ISI raised their target price on Meta Platforms from $550.00 to $600.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Susquehanna lifted their target price on Meta Platforms from $550.00 to $600.00 and gave the company a “positive” rating in a research report on Thursday, August 1st. UBS Group upped their price target on Meta Platforms from $630.00 to $635.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, KeyCorp lifted their price objective on Meta Platforms from $540.00 to $560.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Two analysts have rated the stock with a sell rating, two have issued a hold rating, thirty-four have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Meta Platforms has an average rating of “Moderate Buy” and an average price target of $577.26.

Insider Buying and Selling at Meta Platforms

In other news, insider Jennifer Newstead sold 905 shares of Meta Platforms stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $537.72, for a total value of $486,636.60. Following the transaction, the insider now directly owns 36,912 shares in the company, valued at approximately $19,848,320.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Meta Platforms news, insider Jennifer Newstead sold 905 shares of Meta Platforms stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $537.72, for a total value of $486,636.60. Following the transaction, the insider now directly owns 36,912 shares of the company’s stock, valued at $19,848,320.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Javier Olivan sold 413 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $536.92, for a total value of $221,747.96. Following the completion of the sale, the chief operating officer now owns 14,424 shares of the company’s stock, valued at $7,744,534.08. The disclosure for this sale can be found here. In the last quarter, insiders have sold 356,426 shares of company stock valued at $185,053,425. Company insiders own 13.71% of the company’s stock.

About Meta Platforms

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.