Dupont Capital Management Corp Lowers Holdings in Meta Platforms, Inc. (NASDAQ:META)

Dupont Capital Management Corp trimmed its holdings in Meta Platforms, Inc. (NASDAQ:METAFree Report) by 26.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,094 shares of the social networking company’s stock after selling 23,949 shares during the period. Meta Platforms comprises about 2.1% of Dupont Capital Management Corp’s investment portfolio, making the stock its 11th biggest position. Dupont Capital Management Corp’s holdings in Meta Platforms were worth $24,103,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Meta Platforms by 1.0% in the third quarter. Vanguard Group Inc. now owns 183,244,796 shares of the social networking company’s stock worth $55,011,920,000 after buying an additional 1,733,182 shares in the last quarter. FMR LLC lifted its position in shares of Meta Platforms by 4.0% in the third quarter. FMR LLC now owns 130,809,908 shares of the social networking company’s stock worth $39,270,443,000 after buying an additional 5,001,647 shares in the last quarter. State Street Corp lifted its position in shares of Meta Platforms by 1.8% in the second quarter. State Street Corp now owns 88,542,953 shares of the social networking company’s stock worth $25,410,057,000 after buying an additional 1,548,671 shares in the last quarter. Morgan Stanley lifted its position in shares of Meta Platforms by 3.4% in the third quarter. Morgan Stanley now owns 36,277,772 shares of the social networking company’s stock worth $10,890,950,000 after buying an additional 1,184,978 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Meta Platforms in the fourth quarter worth about $4,223,148,000. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

META has been the topic of a number of research analyst reports. Wells Fargo & Company boosted their target price on Meta Platforms from $536.00 to $609.00 and gave the stock an “overweight” rating in a research report on Monday, March 18th. Barclays boosted their price objective on Meta Platforms from $400.00 to $550.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Raymond James boosted their price objective on Meta Platforms from $450.00 to $550.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 2nd. TD Cowen boosted their price objective on Meta Platforms from $415.00 to $500.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Finally, Roth Mkm reissued a “buy” rating and set a $500.00 price objective on shares of Meta Platforms in a research note on Monday, March 18th. One analyst has rated the stock with a sell rating, two have given a hold rating, thirty-nine have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $496.35.

Check Out Our Latest Stock Analysis on META

Insiders Place Their Bets

In other Meta Platforms news, CTO Andrew Bosworth sold 8,036 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $473.28, for a total transaction of $3,803,278.08. Following the sale, the chief technology officer now directly owns 18,432 shares of the company’s stock, valued at approximately $8,723,496.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CTO Andrew Bosworth sold 8,036 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $473.28, for a total transaction of $3,803,278.08. Following the sale, the chief technology officer now directly owns 18,432 shares in the company, valued at approximately $8,723,496.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mark Zuckerberg sold 16,776 shares of the firm’s stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $368.89, for a total value of $6,188,498.64. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,502,805 shares of company stock valued at $703,056,383. Company insiders own 14.03% of the company’s stock.

Meta Platforms Price Performance

NASDAQ META opened at $497.37 on Wednesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.67 and a quick ratio of 2.67. The stock’s fifty day moving average price is $473.50 and its 200 day moving average price is $381.00. Meta Platforms, Inc. has a 1 year low of $207.13 and a 1 year high of $523.57. The company has a market cap of $1.27 trillion, a price-to-earnings ratio of 33.38, a PEG ratio of 1.26 and a beta of 1.20.

Meta Platforms (NASDAQ:METAGet Free Report) last released its earnings results on Thursday, February 1st. The social networking company reported $5.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.82 by $0.51. Meta Platforms had a return on equity of 29.48% and a net margin of 28.98%. The firm had revenue of $40.11 billion for the quarter, compared to the consensus estimate of $39.12 billion. During the same period in the prior year, the firm earned $3.00 EPS. The firm’s revenue was up 24.7% on a year-over-year basis. As a group, equities research analysts forecast that Meta Platforms, Inc. will post 19.94 earnings per share for the current year.

Meta Platforms Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Thursday, February 22nd were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.40%. The ex-dividend date was Wednesday, February 21st. Meta Platforms’s dividend payout ratio is currently 13.42%.

About Meta Platforms

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Meta Platforms (NASDAQ:META)

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