FCG Investment Co Boosts Stock Holdings in Meta Platforms, Inc. (NASDAQ:META)

FCG Investment Co grew its stake in Meta Platforms, Inc. (NASDAQ:META) by 7.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 8,210 shares of the social networking company’s stock after buying an additional 604 shares during the quarter. Meta Platforms makes up approximately 2.9% of FCG Investment Co’s portfolio, making the stock its 8th largest holding. FCG Investment Co’s holdings in Meta Platforms were worth $4,807,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently made changes to their positions in the stock. International Assets Investment Management LLC lifted 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 last quarter. Integrated Investment Consultants LLC lifted its position in shares of Meta Platforms by 61,769.3% during the 3rd quarter. Integrated Investment Consultants LLC now owns 4,132,870 shares of the social networking company’s stock worth $2,365,820,000 after purchasing an additional 4,126,190 shares during the last quarter. World Investment Advisors LLC lifted its position in shares of Meta Platforms by 4,658.5% during the 3rd quarter. World Investment Advisors LLC now owns 909,548 shares of the social networking company’s stock worth $520,662,000 after purchasing an additional 890,434 shares during the last quarter. Geode Capital Management LLC boosted its stake in Meta Platforms by 1.5% during the 3rd 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 purchasing an additional 698,884 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its position in Meta Platforms by 926.6% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 733,358 shares of the social networking company’s stock worth $369,774,000 after buying an additional 661,923 shares during the period. Institutional investors own 79.91% of the company’s stock.

Insider Buying and Selling

In other news, insider Nicholas Clegg sold 7,296 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $553.48, for a total transaction of $4,038,190.08. Following the completion of the transaction, the insider now directly owns 38,695 shares of the company’s stock, valued at $21,416,908.60. This represents a 15.86 % decrease in their ownership of the stock. The transaction was disclosed in a 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 dated Tuesday, October 29th. The stock was sold at an average price of $580.10, for a total value of $524,990.50. Following the transaction, the insider now owns 31,482 shares of the company’s stock, valued at approximately $18,262,708.20. The trade was a 2.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 568,016 shares of company stock valued at $346,031,180. Company insiders own 13.71% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on META. Raymond James increased their price objective on Meta Platforms from $675.00 to $725.00 and gave the company a “strong-buy” rating in a research report on Tuesday, January 21st. Jefferies Financial Group increased their price target on shares of Meta Platforms from $675.00 to $715.00 and gave the company a “buy” rating in a report on Monday, January 6th. Cantor Fitzgerald dropped their price objective on shares of Meta Platforms from $730.00 to $720.00 and set an “overweight” rating on the stock in a report on Wednesday, January 22nd. Mizuho increased their target price on shares of Meta Platforms from $650.00 to $675.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Finally, Rosenblatt Securities reissued a “buy” rating and set a $811.00 target price on shares of Meta Platforms in a research report on Thursday, October 31st. Two investment 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 company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $654.20.

Meta Platforms Stock Up 1.7 %

Shares of Meta Platforms stock opened at $647.49 on Monday. Meta Platforms, Inc. has a 1 year low of $385.66 and a 1 year high of $652.00. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.73 and a quick ratio of 2.73. The company has a market capitalization of $1.63 trillion, a P/E ratio of 30.50, a price-to-earnings-growth ratio of 1.18 and a beta of 1.19. The business has a 50-day moving average of $601.93 and a two-hundred day moving average of $560.51.

Meta Platforms (NASDAQ:META) last posted its earnings results on Wednesday, October 30th. The social networking company reported $6.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.19 by $0.84. Meta Platforms had a return on equity of 35.60% and a net margin of 35.55%. The business had revenue of $40.59 billion during the quarter, compared to analysts’ expectations of $40.21 billion. As a group, equities analysts predict that Meta Platforms, Inc. will post 22.96 EPS for the current year.

Meta Platforms Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were given a $0.50 dividend. The ex-dividend date was Monday, December 16th. This represents a $2.00 annualized dividend and a yield of 0.31%. Meta Platforms’s dividend payout ratio is currently 9.42%.

Meta Platforms Company 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.