Fourpath Capital Management LLC Has $3.12 Million Stake in Meta Platforms, Inc. (NASDAQ:META)

Fourpath Capital Management LLC raised its holdings in Meta Platforms, Inc. (NASDAQ:META) by 5.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,325 shares of the social networking company’s stock after buying an additional 260 shares during the period. Fourpath Capital Management LLC’s holdings in Meta Platforms were worth $3,118,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of META. Ballentine Partners LLC grew its position in shares of Meta Platforms by 1.4% in the 4th quarter. Ballentine Partners LLC now owns 58,218 shares of the social networking company’s stock valued at $34,087,000 after acquiring an additional 808 shares during the period. UMB Bank n.a. lifted its stake in Meta Platforms by 0.6% in the 4th quarter. UMB Bank n.a. now owns 140,585 shares of the social networking company’s stock valued at $82,314,000 after purchasing an additional 897 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Meta Platforms by 0.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 13,827,565 shares of the social networking company’s stock worth $7,915,451,000 after purchasing an additional 118,298 shares during the period. LS Investment Advisors LLC increased its position in Meta Platforms by 111.4% during the third quarter. LS Investment Advisors LLC now owns 11,679 shares of the social networking company’s stock worth $6,686,000 after buying an additional 6,155 shares during the last quarter. Finally, Cutter & CO Brokerage Inc. raised its stake in Meta Platforms by 0.7% in the third quarter. Cutter & CO Brokerage Inc. now owns 9,735 shares of the social networking company’s stock valued at $5,573,000 after buying an additional 65 shares during the period. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Meta Platforms

In other news, insider Jennifer Newstead sold 905 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $702.24, for a total transaction of $635,527.20. Following the transaction, the insider now owns 28,390 shares in the company, valued at approximately $19,936,593.60. This represents a 3.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Susan J. Li sold 8,951 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $577.16, for a total value of $5,166,159.16. Following the completion of the transaction, the chief financial officer now owns 51,591 shares in the company, valued at approximately $29,776,261.56. The trade was a 14.78 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 701,146 shares of company stock worth $435,387,895. Insiders own 13.71% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Pivotal Research lifted their target price on Meta Platforms from $800.00 to $875.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Wedbush reaffirmed an “outperform” rating and set a $770.00 price objective (up from $700.00) on shares of Meta Platforms in a research report on Thursday, January 30th. Scotiabank increased their price objective on shares of Meta Platforms from $583.00 to $627.00 and gave the company a “sector perform” rating in a research report on Thursday, January 30th. Rosenblatt Securities reaffirmed a “buy” rating and set a $811.00 target price on shares of Meta Platforms in a report on Monday, January 27th. Finally, Piper Sandler increased their price target on shares of Meta Platforms from $670.00 to $775.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, thirty-five have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Meta Platforms presently has a consensus rating of “Moderate Buy” and a consensus target price of $710.83.

Meta Platforms Stock Performance

NASDAQ:META opened at $714.52 on Friday. The stock’s 50-day moving average is $627.23 and its 200-day moving average is $573.70. Meta Platforms, Inc. has a 1-year low of $414.50 and a 1-year high of $725.01. 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 stock has a market cap of $1.80 trillion, a P/E ratio of 29.87, a price-to-earnings-growth ratio of 1.47 and a beta of 1.20.

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, topping analysts’ consensus estimates 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 quarter last year, the business posted $5.33 EPS. Equities research analysts anticipate that Meta Platforms, Inc. will post 25.94 earnings per share for the current year.

Meta Platforms Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.28%. The ex-dividend date was Monday, December 16th. Meta Platforms’s payout ratio is presently 8.36%.

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.