Meta Platforms, Inc. (NASDAQ:META) is Commerzbank Aktiengesellschaft FI’s 6th Largest Position

Commerzbank Aktiengesellschaft FI cut its holdings in Meta Platforms, Inc. (NASDAQ:META) by 7.6% in the fourth quarter, HoldingsChannel reports. The firm owned 266,968 shares of the social networking company’s stock after selling 22,040 shares during the quarter. Meta Platforms accounts for 3.8% of Commerzbank Aktiengesellschaft FI’s portfolio, making the stock its 6th largest position. Commerzbank Aktiengesellschaft FI’s holdings in Meta Platforms were worth $156,312,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Seelaus Asset Management LLC lifted its stake in Meta Platforms by 0.9% in the fourth quarter. Seelaus Asset Management LLC now owns 1,640 shares of the social networking company’s stock worth $960,000 after acquiring an additional 15 shares during the period. Meredith Wealth Planning lifted its stake in Meta Platforms by 0.8% in the fourth quarter. Meredith Wealth Planning now owns 1,873 shares of the social networking company’s stock worth $1,097,000 after acquiring an additional 15 shares during the period. Stephens Consulting LLC lifted its stake in Meta Platforms by 5.3% in the fourth quarter. Stephens Consulting LLC now owns 317 shares of the social networking company’s stock worth $186,000 after acquiring an additional 16 shares during the period. VeraBank N.A. lifted its stake in Meta Platforms by 0.8% in the fourth quarter. VeraBank N.A. now owns 1,954 shares of the social networking company’s stock worth $1,144,000 after acquiring an additional 16 shares during the period. Finally, LGL Partners LLC lifted its stake in Meta Platforms by 0.6% in the fourth quarter. LGL Partners LLC now owns 2,834 shares of the social networking company’s stock worth $1,659,000 after acquiring an additional 16 shares during the period. 79.91% of the stock is owned by hedge funds and other institutional investors.

Meta Platforms Trading Down 0.4 %

Shares of NASDAQ:META opened at $625.66 on Monday. Meta Platforms, Inc. has a 1 year low of $414.50 and a 1 year high of $740.91. The firm has a market capitalization of $1.59 trillion, a price-to-earnings ratio of 26.16, a price-to-earnings-growth ratio of 1.42 and a beta of 1.23. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.98 and a quick ratio of 2.98. The business’s 50 day moving average price is $656.91 and its 200-day moving average price is $600.95.

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 analysts’ consensus estimates 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 business posted $5.33 EPS. On average, equities research analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Increases Dividend

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

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on META. BMO Capital Markets upped their price objective on shares of Meta Platforms from $530.00 to $610.00 and gave the stock a “market perform” rating in a research note on Thursday, January 30th. JMP Securities reissued a “market outperform” rating and set a $750.00 price target on shares of Meta Platforms in a research report on Monday, January 27th. Susquehanna increased their price target on shares of Meta Platforms from $675.00 to $800.00 and gave the company a “positive” rating in a research report on Thursday, January 30th. Benchmark raised shares of Meta Platforms from a “hold” rating to a “buy” rating and set a $820.00 price target for the company in a research report on Thursday, January 30th. Finally, Bank of America increased their price target on shares of Meta Platforms from $710.00 to $765.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Two 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $719.26.

Insider Activity

In other Meta Platforms news, CFO Susan J. Li sold 8,553 shares of the firm’s stock in a transaction on Saturday, February 15th. The stock was sold at an average price of $736.67, for a total value of $6,300,738.51. Following the transaction, the chief financial officer now owns 51,793 shares in the company, valued at approximately $38,154,349.31. This trade represents a 14.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Javier Olivan sold 413 shares of the firm’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $589.16, for a total value of $243,323.08. Following the completion of the transaction, the chief operating officer now owns 17,514 shares in the company, valued at $10,318,548.24. The trade was a 2.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 761,907 shares of company stock worth $496,008,888 in the last quarter. Corporate insiders own 13.71% of the company’s stock.

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.