Wealth High Governance Capital Ltda Grows Stock Position in Meta Platforms, Inc. (NASDAQ:META)

Wealth High Governance Capital Ltda increased its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 24.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,262 shares of the social networking company’s stock after purchasing an additional 7,262 shares during the period. Meta Platforms makes up 7.9% of Wealth High Governance Capital Ltda’s portfolio, making the stock its biggest position. Wealth High Governance Capital Ltda’s holdings in Meta Platforms were worth $21,817,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of META. Proficio Capital Partners LLC lifted its stake in Meta Platforms by 78,471.1% in the 4th quarter. Proficio Capital Partners LLC now owns 6,248,763 shares of the social networking company’s stock valued at $3,658,713,000 after acquiring an additional 6,240,810 shares in the last quarter. Integrated Investment Consultants LLC lifted its stake in Meta Platforms by 61,769.3% in the 3rd quarter. Integrated Investment Consultants LLC now owns 4,132,870 shares of the social networking company’s stock valued at $2,365,820,000 after acquiring an additional 4,126,190 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Meta Platforms in the 4th quarter valued at approximately $2,243,603,000. Strategic Financial Concepts LLC lifted its stake in Meta Platforms by 87,269.8% in the 4th quarter. Strategic Financial Concepts LLC now owns 1,067,659 shares of the social networking company’s stock valued at $625,125,000 after acquiring an additional 1,066,437 shares in the last quarter. Finally, World Investment Advisors LLC lifted its stake in Meta Platforms by 4,658.5% in the 3rd quarter. World Investment Advisors LLC now owns 909,548 shares of the social networking company’s stock valued at $520,662,000 after acquiring an additional 890,434 shares in the last quarter. Institutional investors own 79.91% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Raymond James restated a “strong-buy” rating and issued a $800.00 target price (up previously from $725.00) on shares of Meta Platforms in a research note on Thursday, January 30th. Tigress Financial reaffirmed a “strong-buy” rating on shares of Meta Platforms in a research report on Tuesday, February 11th. Needham & Company LLC reaffirmed an “underperform” rating on shares of Meta Platforms in a research report on Monday, January 27th. Pivotal Research boosted their price target on Meta Platforms from $800.00 to $875.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Finally, BMO Capital Markets boosted their price target on Meta Platforms from $530.00 to $610.00 and gave the stock a “market perform” rating in a research report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-five have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $719.26.

Meta Platforms Trading Up 2.9 %

Shares of META stock opened at $607.60 on Friday. The stock has a market cap of $1.54 trillion, a price-to-earnings ratio of 25.40, a PEG ratio of 1.42 and a beta of 1.23. The stock has a 50-day moving average of $658.01 and a 200-day moving average of $603.19. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.16. Meta Platforms, Inc. has a 1-year low of $414.50 and a 1-year high of $740.91.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share for the quarter, beating the consensus estimate of $6.75 by $1.27. Meta Platforms had a return on equity of 38.17% and a net margin of 37.91%. During the same period in the previous year, the business earned $5.33 earnings per share. On average, equities research analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th will be paid a $0.525 dividend. This is a boost from Meta Platforms’s previous quarterly dividend of $0.50. The ex-dividend date is Friday, March 14th. This represents a $2.10 annualized dividend and a dividend yield of 0.35%. Meta Platforms’s dividend payout ratio is presently 8.78%.

Insider Activity

In other Meta Platforms news, COO Javier Olivan sold 413 shares of Meta Platforms stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $629.56, for a total value of $260,008.28. Following the completion of the sale, the chief operating officer now directly owns 18,340 shares in the company, valued at approximately $11,546,130.40. The trade was a 2.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Andrew Bosworth sold 5,060 shares of Meta Platforms stock in a transaction that occurred on Saturday, February 15th. The stock was sold at an average price of $736.67, for a total value of $3,727,550.20. Following the completion of the sale, the chief technology officer now owns 5,139 shares of the company’s stock, valued at approximately $3,785,747.13. The trade was a 49.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 690,689 shares of company stock valued at $451,269,409. Company insiders own 13.71% of the company’s stock.

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.