Meta Platforms, Inc. (NASDAQ:META) Holdings Boosted by DGS Capital Management LLC

DGS Capital Management LLC increased its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 2.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,444 shares of the social networking company’s stock after purchasing an additional 324 shares during the quarter. Meta Platforms makes up 1.9% of DGS Capital Management LLC’s portfolio, making the stock its 7th biggest holding. DGS Capital Management LLC’s holdings in Meta Platforms were worth $7,124,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in META. BlueSky Wealth Advisors LLC purchased a new position in Meta Platforms during the 2nd quarter valued at approximately $857,000. ERn Financial LLC increased its position in Meta Platforms by 11.3% in the second quarter. ERn Financial LLC now owns 1,839 shares of the social networking company’s stock worth $927,000 after purchasing an additional 187 shares during the last quarter. Mcdonald Partners LLC raised its stake in Meta Platforms by 0.8% during the second quarter. Mcdonald Partners LLC now owns 5,903 shares of the social networking company’s stock valued at $2,977,000 after purchasing an additional 44 shares in the last quarter. Ruedi Wealth Management Inc. lifted its position in Meta Platforms by 122.2% during the second quarter. Ruedi Wealth Management Inc. now owns 80 shares of the social networking company’s stock valued at $40,000 after purchasing an additional 44 shares during the last quarter. Finally, Narus Financial Partners LLC grew its stake in shares of Meta Platforms by 1.0% in the 2nd quarter. Narus Financial Partners LLC now owns 3,249 shares of the social networking company’s stock worth $1,638,000 after buying an additional 32 shares in the last quarter. Institutional investors own 79.91% of the company’s stock.

Insider Activity at Meta Platforms

In other news, CEO Mark Zuckerberg sold 35,921 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $633.25, for a total transaction of $22,746,973.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Aaron Anderson sold 731 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $557.00, for a total value of $407,167.00. Following the completion of the sale, the chief accounting officer now directly owns 3,414 shares in the company, valued at approximately $1,901,598. The trade was a 17.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 214,002 shares of company stock worth $126,740,653 in the last three months. Company insiders own 13.71% of the company’s stock.

Meta Platforms Stock Performance

Meta Platforms stock traded down $3.35 during trading hours on Friday, hitting $627.44. 1,228,625 shares of the stock traded hands, compared to its average volume of 14,710,580. The firm’s 50 day moving average price is $583.48 and its 200-day moving average price is $536.44. 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 stock has a market capitalization of $1.58 trillion, a price-to-earnings ratio of 29.71, a P/E/G ratio of 1.39 and a beta of 1.20. Meta Platforms, Inc. has a 1 year low of $328.64 and a 1 year high of $638.40.

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, beating analysts’ consensus estimates of $5.19 by $0.84. Meta Platforms had a net margin of 35.55% and a return on equity of 35.60%. The company had revenue of $40.59 billion during the quarter, compared to the consensus estimate of $40.21 billion. As a group, equities analysts expect that Meta Platforms, Inc. will post 22.68 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 16th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.32%. The ex-dividend date is Monday, December 16th. Meta Platforms’s dividend payout ratio is currently 9.42%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on META shares. Jefferies Financial Group increased their price target on shares of Meta Platforms from $600.00 to $675.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Tigress Financial lifted their target price on Meta Platforms from $575.00 to $645.00 and gave the stock a “strong-buy” rating in a report on Friday, August 16th. Cantor Fitzgerald restated an “overweight” rating and issued a $670.00 price target on shares of Meta Platforms in a research report on Wednesday, October 16th. Truist Financial boosted their price objective on shares of Meta Platforms from $570.00 to $650.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Finally, Hsbc Global Res upgraded shares of Meta Platforms to a “hold” rating in a report on Thursday, October 24th. Two equities research 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat, Meta Platforms has an average rating of “Moderate Buy” and a consensus target price of $635.20.

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.