BSN CAPITAL PARTNERS Ltd Buys Shares of 107,644 Meta Platforms, Inc. (NASDAQ:META)

BSN CAPITAL PARTNERS Ltd bought a new stake in shares of Meta Platforms, Inc. (NASDAQ:META) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 107,644 shares of the social networking company’s stock, valued at approximately $63,108,000. Meta Platforms comprises 2.5% of BSN CAPITAL PARTNERS Ltd’s investment portfolio, making the stock its 8th largest holding.

Several other institutional investors have also added to or reduced their stakes in META. AMF Tjanstepension AB lifted its holdings in shares of Meta Platforms by 32.5% during the 3rd quarter. AMF Tjanstepension AB now owns 457,092 shares of the social networking company’s stock valued at $261,680,000 after buying an additional 112,047 shares during the period. Creative Planning lifted its holdings in shares of Meta Platforms by 2.1% during the 3rd quarter. Creative Planning now owns 716,847 shares of the social networking company’s stock valued at $410,352,000 after buying an additional 14,754 shares during the period. Ullmann Wealth Partners Group LLC lifted its holdings in shares of Meta Platforms by 10.9% during the 3rd quarter. Ullmann Wealth Partners Group LLC now owns 2,128 shares of the social networking company’s stock valued at $1,218,000 after buying an additional 210 shares during the period. Keystone Wealth Services LLC lifted its holdings in shares of Meta Platforms by 27.2% during the 3rd quarter. Keystone Wealth Services LLC now owns 2,162 shares of the social networking company’s stock valued at $1,238,000 after buying an additional 462 shares during the period. Finally, Corepath Wealth Partners LLC bought a new position in shares of Meta Platforms during the 3rd quarter valued at $225,000. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

META has been the topic of several research analyst reports. TD Cowen increased their price target on Meta Platforms from $600.00 to $675.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Monness Crespi & Hardt increased their price target on Meta Platforms from $620.00 to $660.00 and gave the company a “buy” rating in a report on Thursday, October 31st. DA Davidson raised their target price on Meta Platforms from $700.00 to $800.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. JPMorgan Chase & Co. raised their target price on Meta Platforms from $660.00 to $725.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Finally, Arete Research raised Meta Platforms to a “hold” rating in a report on Friday, January 24th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Meta Platforms has an average rating of “Moderate Buy” and a consensus target price of $717.90.

Insider Buying and Selling at Meta Platforms

In other news, CAO Aaron Anderson sold 731 shares of Meta Platforms stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $557.00, for a total transaction of $407,167.00. Following the completion of the sale, the chief accounting officer now owns 3,414 shares of the company’s stock, valued at approximately $1,901,598. The trade was a 17.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Nicholas Clegg sold 7,296 shares of Meta Platforms stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $553.48, for a total transaction of $4,038,190.08. Following the sale, 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 position. The disclosure for this sale can be found here. Insiders sold 812,198 shares of company stock worth $515,102,208 over the last 90 days. Company insiders own 13.71% of the company’s stock.

Meta Platforms Stock Up 0.8 %

Shares of NASDAQ:META opened at $725.38 on Thursday. Meta Platforms, Inc. has a 1 year low of $414.50 and a 1 year high of $727.10. The business has a 50 day simple moving average of $634.08 and a two-hundred day simple moving average of $579.77. The firm has a market capitalization of $1.84 trillion, a PE ratio of 30.33, a price-to-earnings-growth ratio of 1.46 and a beta of 1.20. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.98 and a quick ratio of 2.98.

Meta Platforms (NASDAQ:META) last announced its earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share (EPS) 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 quarter last year, the firm earned $5.33 earnings per share. On average, equities analysts predict that Meta Platforms, Inc. will post 26.66 EPS for the current year.

Meta Platforms Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were given a dividend of $0.50 per share. The ex-dividend date was Monday, December 16th. This represents a $2.00 annualized dividend and a dividend yield of 0.28%. Meta Platforms’s dividend payout ratio (DPR) is presently 8.36%.

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.