AMS Capital Ltda Sells 4,125 Shares of Meta Platforms, Inc. (NASDAQ:META)

AMS Capital Ltda reduced its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 8.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,684 shares of the social networking company’s stock after selling 4,125 shares during the period. Meta Platforms makes up about 12.6% of AMS Capital Ltda’s investment portfolio, making the stock its 4th largest position. AMS Capital Ltda’s holdings in Meta Platforms were worth $24,992,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC boosted its position in Meta Platforms by 57,001.5% during the 3rd quarter. International Assets Investment Management LLC now owns 9,517,111 shares of the social networking company’s stock worth $5,447,975,000 after acquiring an additional 9,500,444 shares during the period. Integrated Investment Consultants LLC raised its stake in shares of Meta Platforms by 61,769.3% in the third quarter. Integrated Investment Consultants LLC now owns 4,132,870 shares of the social networking company’s stock valued at $2,365,820,000 after purchasing an additional 4,126,190 shares in the last quarter. Strategic Financial Concepts LLC raised its stake in shares of Meta Platforms by 87,269.8% in the fourth quarter. Strategic Financial Concepts LLC now owns 1,067,659 shares of the social networking company’s stock valued at $625,125,000 after purchasing an additional 1,066,437 shares in the last quarter. World Investment Advisors LLC grew its position in Meta Platforms by 4,658.5% in the third quarter. World Investment Advisors LLC now owns 909,548 shares of the social networking company’s stock valued at $520,662,000 after acquiring an additional 890,434 shares during the period. Finally, Geode Capital Management LLC grew its position in Meta Platforms by 1.5% in the third quarter. Geode Capital Management LLC now owns 48,160,608 shares of the social networking company’s stock valued at $27,470,870,000 after acquiring an additional 698,884 shares during the period. 79.91% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Meta Platforms

In related news, CEO Mark Zuckerberg sold 19,668 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $703.21, for a total value of $13,830,734.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Javier Olivan sold 413 shares of Meta Platforms stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $562.77, for a total transaction of $232,424.01. Following the transaction, the chief operating officer now owns 19,579 shares of the company’s stock, valued at approximately $11,018,473.83. The trade was a 2.07 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 810,217 shares of company stock valued at $523,808,864. Insiders own 13.71% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on META shares. Truist Financial raised their price target on Meta Platforms from $700.00 to $770.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Mizuho increased their price objective on Meta Platforms from $675.00 to $750.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. BMO Capital Markets lifted their target price on Meta Platforms from $530.00 to $610.00 and gave the stock a “market perform” rating in a research note on Thursday, January 30th. Sanford C. Bernstein lifted their price target on Meta Platforms from $600.00 to $675.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Finally, Benchmark raised Meta Platforms from a “hold” rating to a “buy” rating and set a $820.00 price target for the company in a report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, four have given a hold rating, thirty-five have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $717.90.

Meta Platforms Stock Down 1.8 %

Shares of NASDAQ META opened at $703.77 on Thursday. Meta Platforms, Inc. has a 12-month low of $414.50 and a 12-month high of $740.91. The stock has a market cap of $1.78 trillion, a PE ratio of 29.42, a P/E/G ratio of 1.51 and a beta of 1.20. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.16. The company has a 50-day moving average of $644.55 and a 200 day moving average of $588.38.

Meta Platforms (NASDAQ:META) last posted its earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share for the quarter, beating the consensus estimate of $6.75 by $1.27. Meta Platforms had a net margin of 37.91% and a return on equity of 38.17%. During the same period last year, the business posted $5.33 EPS. As a group, sell-side analysts predict that Meta Platforms, Inc. will post 26.66 EPS for the current fiscal year.

Meta Platforms Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.525 per share. The ex-dividend date is Friday, March 14th. This is a positive change from Meta Platforms’s previous quarterly dividend of $0.50. This represents a $2.10 dividend on an annualized basis and a yield of 0.30%. Meta Platforms’s dividend payout ratio is 8.78%.

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.