Dupont Capital Management Corp Has $24.10 Million Position in Meta Platforms, Inc. (NASDAQ:META)

Dupont Capital Management Corp lowered its position in Meta Platforms, Inc. (NASDAQ:METAFree Report) by 26.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 68,094 shares of the social networking company’s stock after selling 23,949 shares during the quarter. Meta Platforms accounts for approximately 2.1% of Dupont Capital Management Corp’s investment portfolio, making the stock its 11th largest position. Dupont Capital Management Corp’s holdings in Meta Platforms were worth $24,103,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Stone House Investment Management LLC increased its stake in shares of Meta Platforms by 625.0% in the third quarter. Stone House Investment Management LLC now owns 87 shares of the social networking company’s stock valued at $26,000 after buying an additional 75 shares during the period. MBM Wealth Consultants LLC bought a new stake in Meta Platforms in the fourth quarter valued at approximately $26,000. Stephens Investment Management Group LLC bought a new stake in Meta Platforms in the second quarter valued at approximately $30,000. Beaird Harris Wealth Management LLC boosted its holdings in Meta Platforms by 68.9% in the third quarter. Beaird Harris Wealth Management LLC now owns 103 shares of the social networking company’s stock valued at $31,000 after acquiring an additional 42 shares during the last quarter. Finally, PayPay Securities Corp boosted its holdings in Meta Platforms by 65.2% in the third quarter. PayPay Securities Corp now owns 109 shares of the social networking company’s stock valued at $33,000 after acquiring an additional 43 shares during the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Roth Mkm reiterated a “buy” rating and issued a $500.00 target price on shares of Meta Platforms in a report on Monday, March 18th. TD Cowen upped their target price on Meta Platforms from $415.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Deutsche Bank Aktiengesellschaft upped their target price on Meta Platforms from $450.00 to $525.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Monness Crespi & Hardt increased their price target on Meta Platforms from $370.00 to $540.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Finally, Canaccord Genuity Group increased their price target on Meta Platforms from $450.00 to $540.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-nine have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $496.35.

Get Our Latest Analysis on Meta Platforms

Meta Platforms Stock Up 1.2 %

Shares of NASDAQ META opened at $497.37 on Wednesday. Meta Platforms, Inc. has a 52 week low of $207.13 and a 52 week high of $523.57. The business has a 50-day simple moving average of $473.50 and a two-hundred day simple moving average of $381.00. The company has a quick ratio of 2.67, a current ratio of 2.67 and a debt-to-equity ratio of 0.12. The company has a market cap of $1.27 trillion, a P/E ratio of 33.38, a P/E/G ratio of 1.26 and a beta of 1.20.

Meta Platforms (NASDAQ:METAGet Free Report) last issued its earnings results on Thursday, February 1st. The social networking company reported $5.33 EPS for the quarter, topping 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 business had revenue of $40.11 billion during the quarter, compared to the consensus estimate of $39.12 billion. During the same quarter last year, the company earned $3.00 EPS. The firm’s revenue was up 24.7% compared to the same quarter last year. Research analysts anticipate that Meta Platforms, Inc. will post 19.94 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

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

Insider Activity

In other news, CTO Andrew Bosworth sold 8,036 shares of Meta Platforms 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 completion of the sale, the chief technology officer now owns 18,432 shares in the company, valued at approximately $8,723,496.96. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CFO Susan J. Li sold 10,956 shares of Meta Platforms stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $473.28, for a total transaction of $5,185,255.68. Following the completion of the sale, the chief financial officer now owns 76,398 shares in the company, valued at approximately $36,157,645.44. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CTO Andrew Bosworth sold 8,036 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $473.28, for a total value of $3,803,278.08. Following the transaction, the chief technology officer now directly owns 18,432 shares in the company, valued at $8,723,496.96. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,502,805 shares of company stock worth $703,056,383. 14.03% of the stock is currently owned by insiders.

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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