Meta Platforms, Inc. (NASDAQ:META) is Y.D. More Investments Ltd’s 8th Largest Position

Y.D. More Investments Ltd lessened its position in Meta Platforms, Inc. (NASDAQ:META) by 5.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 37,387 shares of the social networking company’s stock after selling 2,275 shares during the period. Meta Platforms comprises 2.6% of Y.D. More Investments Ltd’s investment portfolio, making the stock its 8th largest holding. Y.D. More Investments Ltd’s holdings in Meta Platforms were worth $13,233,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. RB Capital Management LLC increased its stake in shares of Meta Platforms by 2.8% during the fourth quarter. RB Capital Management LLC now owns 15,250 shares of the social networking company’s stock valued at $5,398,000 after buying an additional 421 shares during the period. Howe & Rusling Inc. raised its position in shares of Meta Platforms by 1.6% in the 4th quarter. Howe & Rusling Inc. now owns 28,402 shares of the social networking company’s stock valued at $10,053,000 after purchasing an additional 434 shares during the last quarter. Andar Capital Management HK Ltd purchased a new position in Meta Platforms in the 4th quarter worth $4,601,000. Concord Wealth Partners raised its position in Meta Platforms by 10.2% during the 4th quarter. Concord Wealth Partners now owns 8,496 shares of the social networking company’s stock worth $3,007,000 after buying an additional 788 shares during the last quarter. Finally, DiNuzzo Private Wealth Inc. acquired a new stake in Meta Platforms during the fourth quarter worth about $45,000. 79.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Piper Sandler reissued an “overweight” rating and issued a $545.00 price objective (down from $600.00) on shares of Meta Platforms in a report on Thursday, April 25th. JMP Securities reaffirmed a “market outperform” rating and set a $550.00 target price on shares of Meta Platforms in a research note on Monday, April 22nd. The Goldman Sachs Group reduced their target price on shares of Meta Platforms from $555.00 to $500.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. Sanford C. Bernstein lowered their price target on shares of Meta Platforms from $590.00 to $565.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th. Finally, Bank of America increased their price objective on shares of Meta Platforms from $425.00 to $510.00 and gave the company a “buy” rating in a report on Friday, February 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating, thirty-seven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $513.55.

Meta Platforms Stock Up 2.1 %

Meta Platforms stock traded up $9.02 during midday trading on Wednesday, reaching $439.19. The company’s stock had a trading volume of 20,269,099 shares, compared to its average volume of 18,450,998. The business has a 50-day simple moving average of $492.83 and a 200-day simple moving average of $406.97. The company has a market cap of $1.12 trillion, a P/E ratio of 25.36, a P/E/G ratio of 1.12 and a beta of 1.20. Meta Platforms, Inc. has a fifty-two week low of $229.85 and a fifty-two week high of $531.49. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.12.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings results on Wednesday, April 24th. The social networking company reported $4.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.32 by $0.39. The firm 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%. On average, research analysts expect that Meta Platforms, Inc. will post 20.17 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Thursday, February 22nd were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.46%. The ex-dividend date was Wednesday, February 21st. Meta Platforms’s payout ratio is 11.49%.

Insider Transactions at Meta Platforms

In other Meta Platforms news, COO Javier Olivan sold 490 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $441.54, for a total value of $216,354.60. Following the completion of the sale, the chief operating officer now owns 6,599 shares in the company, valued at $2,913,722.46. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Meta Platforms news, insider Jennifer Newstead sold 585 shares of Meta Platforms stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $491.25, for a total value of $287,381.25. Following the transaction, the insider now directly owns 37,228 shares in the company, valued at approximately $18,288,255. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Javier Olivan sold 490 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $441.54, for a total value of $216,354.60. Following the sale, the chief operating officer now owns 6,599 shares of the company’s stock, valued at approximately $2,913,722.46. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,257,291 shares of company stock worth $612,916,087. Corporate 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.