Meta Platforms, Inc. (NASDAQ:META) Holdings Increased by Achmea Investment Management B.V.

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

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quest Partners LLC purchased a new position in Meta Platforms in the 4th quarter worth approximately $32,000. Clear Investment Research LLC raised its position in shares of Meta Platforms by 411.1% during the 4th quarter. Clear Investment Research LLC now owns 92 shares of the social networking company’s stock valued at $33,000 after buying an additional 74 shares in the last quarter. Delos Wealth Advisors LLC grew its position in Meta Platforms by 527.3% in the first quarter. Delos Wealth Advisors LLC now owns 69 shares of the social networking company’s stock worth $34,000 after acquiring an additional 58 shares in the last quarter. POM Investment Strategies LLC purchased a new position in Meta Platforms in the second quarter worth $38,000. Finally, Ruedi Wealth Management Inc. increased its stake in Meta Platforms by 122.2% in the second quarter. Ruedi Wealth Management Inc. now owns 80 shares of the social networking company’s stock valued at $40,000 after acquiring an additional 44 shares during the last quarter. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Meta Platforms Stock Performance

Meta Platforms stock opened at $524.62 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.83 and a quick ratio of 2.83. The firm has a market capitalization of $1.33 trillion, a P/E ratio of 30.13, a price-to-earnings-growth ratio of 1.26 and a beta of 1.21. Meta Platforms, Inc. has a 1-year low of $279.40 and a 1-year high of $544.23. The company’s 50-day moving average is $505.13 and its 200 day moving average is $495.43.

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

Meta Platforms Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Monday, September 16th. This represents a $2.00 annualized dividend and a dividend yield of 0.38%. Meta Platforms’s dividend payout ratio (DPR) is 11.49%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on META shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $570.00 price objective on shares of Meta Platforms in a report on Thursday, August 1st. Barclays upped their target price on Meta Platforms from $520.00 to $550.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Oppenheimer lifted their price target on shares of Meta Platforms from $525.00 to $615.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Tigress Financial upped their price objective on shares of Meta Platforms from $575.00 to $645.00 and gave the company a “strong-buy” rating in a research note on Friday, August 16th. Finally, Piper Sandler lifted their target price on shares of Meta Platforms from $545.00 to $575.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, thirty-four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $577.26.

Insider Activity

In related news, CEO Mark Zuckerberg sold 2,054 shares of Meta Platforms stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $501.05, for a total transaction of $1,029,156.70. Following the completion of the sale, the chief executive officer now owns 253,000 shares in the company, valued at approximately $126,765,650. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO Mark Zuckerberg sold 2,054 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $501.05, for a total transaction of $1,029,156.70. Following the transaction, the chief executive officer now directly owns 253,000 shares of the company’s stock, valued at $126,765,650. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Susan J. Li sold 8,950 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $526.76, for a total value of $4,714,502.00. Following the completion of the sale, the chief financial officer now owns 74,579 shares of the company’s stock, valued at approximately $39,285,234.04. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 357,574 shares of company stock valued at $185,587,773. 13.71% of the stock is currently owned by company insiders.

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.