DJE Kapital AG Buys Shares of 360,163 Meta Platforms, Inc. (NASDAQ:META)

DJE Kapital AG bought a new stake in shares of Meta Platforms, Inc. (NASDAQ:META) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 360,163 shares of the social networking company’s stock, valued at approximately $211,538,000. Meta Platforms accounts for 5.0% of DJE Kapital AG’s holdings, making the stock its 2nd largest holding.

Other large investors have also modified their holdings of the company. Geode Capital Management LLC boosted its holdings in shares of Meta Platforms by 1.5% in the third quarter. Geode Capital Management LLC now owns 48,160,608 shares of the social networking company’s stock valued at $27,470,870,000 after purchasing an additional 698,884 shares during the period. Jennison Associates LLC boosted its holdings in shares of Meta Platforms by 1.9% in the third quarter. Jennison Associates LLC now owns 14,440,868 shares of the social networking company’s stock valued at $8,266,531,000 after purchasing an additional 263,063 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Meta Platforms by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 13,827,565 shares of the social networking company’s stock valued at $7,915,451,000 after purchasing an additional 118,298 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Meta Platforms by 2.8% in the third quarter. Franklin Resources Inc. now owns 6,946,755 shares of the social networking company’s stock valued at $4,101,602,000 after purchasing an additional 186,728 shares during the period. Finally, Fisher Asset Management LLC boosted its holdings in shares of Meta Platforms by 1.7% in the fourth quarter. Fisher Asset Management LLC now owns 6,675,174 shares of the social networking company’s stock valued at $3,908,382,000 after purchasing an additional 110,040 shares during the period. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Meta Platforms Price Performance

Shares of META opened at $625.66 on Friday. The business’s 50-day moving average is $656.91 and its two-hundred day moving average is $600.49. The company has a market capitalization of $1.59 trillion, a P/E ratio of 26.16, a P/E/G ratio of 1.42 and a beta of 1.23. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.98 and a current ratio of 2.98. Meta Platforms, Inc. has a fifty-two week low of $414.50 and a fifty-two week high of $740.91.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share for the quarter, topping 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 in the prior year, the company posted $5.33 EPS. Research analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.525 per share. This is a positive change from Meta Platforms’s previous quarterly dividend of $0.50. This represents a $2.10 annualized dividend and a dividend yield of 0.34%. The ex-dividend date is Friday, March 14th. Meta Platforms’s dividend payout ratio is presently 8.78%.

Insider Activity

In other news, COO Javier Olivan sold 608 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $673.96, for a total transaction of $409,767.68. Following the sale, the chief operating officer now directly owns 8,662 shares in the company, valued at $5,837,841.52. This trade represents a 6.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jennifer Newstead sold 921 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $644.00, for a total value of $593,124.00. Following the sale, the insider now owns 33,945 shares in the company, valued at $21,860,580. This trade represents a 2.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 775,295 shares of company stock worth $504,237,715 in the last ninety days. Company insiders own 13.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. BMO Capital Markets boosted their price target on Meta Platforms from $530.00 to $610.00 and gave the company a “market perform” rating in a report on Thursday, January 30th. The Goldman Sachs Group upped their target price on Meta Platforms from $688.00 to $765.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Argus set a $775.00 target price on Meta Platforms in a report on Tuesday, February 4th. Benchmark upgraded Meta Platforms from a “hold” rating to a “buy” rating and set a $820.00 target price for the company in a report on Thursday, January 30th. Finally, Oppenheimer upped their target price on Meta Platforms from $650.00 to $800.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, four have given a hold rating, thirty-five have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Meta Platforms presently has an average rating of “Moderate Buy” and a consensus target price of $719.26.

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.