Achmea Investment Management B.V. Purchases 6,456 Shares of Meta Platforms, Inc. (NASDAQ:META)

Achmea Investment Management B.V. raised its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 2.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 235,541 shares of the social networking company’s stock after purchasing an additional 6,456 shares during the period. Meta Platforms makes up approximately 2.1% of Achmea Investment Management B.V.’s investment portfolio, making the stock its 6th biggest position. Achmea Investment Management B.V.’s holdings in Meta Platforms were worth $118,765,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vantage Financial Partners LLC raised its position in Meta Platforms by 3.2% in the fourth quarter. Vantage Financial Partners LLC now owns 1,323 shares of the social networking company’s stock valued at $468,000 after purchasing an additional 41 shares during the last quarter. Concentrum Wealth Management grew its holdings in Meta Platforms by 111.0% during the 4th quarter. Concentrum Wealth Management now owns 7,391,877 shares of the social networking company’s stock worth $2,616,000 after acquiring an additional 3,888,308 shares during the last quarter. Aveo Capital Partners LLC increased its position in Meta Platforms by 45.7% in the 4th quarter. Aveo Capital Partners LLC now owns 2,302 shares of the social networking company’s stock valued at $815,000 after acquiring an additional 722 shares during the period. 9258 Wealth Management LLC raised its stake in shares of Meta Platforms by 66.4% during the fourth quarter. 9258 Wealth Management LLC now owns 3,993 shares of the social networking company’s stock valued at $1,413,000 after acquiring an additional 1,594 shares during the last quarter. Finally, Rollins Financial grew its stake in shares of Meta Platforms by 7.5% in the fourth quarter. Rollins Financial now owns 30,657 shares of the social networking company’s stock worth $10,851,000 after purchasing an additional 2,133 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on META shares. Wedbush reaffirmed an “outperform” rating and set a $570.00 target price on shares of Meta Platforms in a report on Wednesday, July 24th. Tigress Financial upped their target price on Meta Platforms from $575.00 to $645.00 and gave the company a “strong-buy” rating in a report on Friday, August 16th. The Goldman Sachs Group raised their price target on shares of Meta Platforms from $522.00 to $555.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Robert W. Baird upped their price objective on shares of Meta Platforms from $500.00 to $530.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Finally, Loop Capital boosted their target price on shares of Meta Platforms from $550.00 to $575.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, thirty-four have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Meta Platforms has an average rating of “Moderate Buy” and a consensus price target of $577.26.

Meta Platforms Stock Performance

Shares of META opened at $524.62 on Friday. The stock has a 50 day moving average of $505.13 and a 200 day moving average of $495.43. 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, Inc. has a 12 month low of $279.40 and a 12 month high of $544.23. The company has a market capitalization of $1.33 trillion, a price-to-earnings ratio of 30.13, a PEG ratio of 1.26 and a beta of 1.21.

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

Meta Platforms Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Monday, September 16th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.38%. Meta Platforms’s dividend payout ratio (DPR) is presently 11.49%.

Insider Activity at Meta Platforms

In other Meta Platforms news, insider Jennifer Newstead sold 905 shares of the firm’s stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $496.99, for a total value of $449,775.95. Following the completion of the sale, the insider now directly owns 38,750 shares of the company’s stock, valued at $19,258,362.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Meta Platforms news, COO Javier Olivan sold 412 shares of the business’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $463.00, for a total transaction of $190,756.00. Following the sale, the chief operating officer now owns 5,559 shares of the company’s stock, valued at approximately $2,573,817. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jennifer Newstead sold 905 shares of the stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $496.99, for a total value of $449,775.95. Following the sale, the insider now owns 38,750 shares in the company, valued at approximately $19,258,362.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 357,574 shares of company stock worth $185,587,773. 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.