Capital International Ltd. CA Has $144.63 Million Holdings in Meta Platforms, Inc. (NASDAQ:META)

Capital International Ltd. CA lessened its holdings in Meta Platforms, Inc. (NASDAQ:META) by 1.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 247,021 shares of the social networking company’s stock after selling 3,289 shares during the quarter. Meta Platforms comprises approximately 5.9% of Capital International Ltd. CA’s portfolio, making the stock its largest holding. Capital International Ltd. CA’s holdings in Meta Platforms were worth $144,633,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Howard Capital Management Group LLC boosted its holdings in shares of Meta Platforms by 17.9% in the 3rd quarter. Howard Capital Management Group LLC now owns 1,652 shares of the social networking company’s stock worth $946,000 after acquiring an additional 251 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Meta Platforms by 6.5% in the third quarter. Principal Financial Group Inc. now owns 3,368,361 shares of the social networking company’s stock worth $1,928,185,000 after purchasing an additional 204,412 shares in the last quarter. SOA Wealth Advisors LLC. grew its holdings in shares of Meta Platforms by 9.1% during the third quarter. SOA Wealth Advisors LLC. now owns 3,219 shares of the social networking company’s stock worth $1,842,000 after purchasing an additional 269 shares during the last quarter. Aldebaran Financial Inc. raised its holdings in shares of Meta Platforms by 10.2% in the third quarter. Aldebaran Financial Inc. now owns 2,853 shares of the social networking company’s stock valued at $1,633,000 after buying an additional 264 shares during the last quarter. Finally, Te Ahumairangi Investment Management Ltd lifted its position in Meta Platforms by 9.5% during the 3rd quarter. Te Ahumairangi Investment Management Ltd now owns 17,048 shares of the social networking company’s stock worth $9,704,000 after buying an additional 1,480 shares in the last quarter. Institutional investors own 79.91% of the company’s stock.

Insiders Place Their Bets

In other news, COO Javier Olivan sold 413 shares of Meta Platforms stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $618.00, for a total transaction of $255,234.00. Following the completion of the transaction, the chief operating officer now directly owns 16,275 shares in the company, valued at approximately $10,057,950. The trade was a 2.47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jennifer Newstead sold 905 shares of the stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $618.00, for a total value of $559,290.00. Following the completion of the sale, the insider now owns 30,200 shares in the company, valued at approximately $18,663,600. This trade represents a 2.91 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 379,901 shares of company stock valued at $260,806,516 over the last 90 days. 13.71% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

META has been the subject of a number of research analyst reports. UBS Group dropped their target price on shares of Meta Platforms from $786.00 to $650.00 and set a “buy” rating for the company in a research note on Friday, April 11th. Rosenblatt Securities reiterated a “buy” rating and issued a $811.00 price objective on shares of Meta Platforms in a research report on Monday, January 27th. BMO Capital Markets upped their price target on Meta Platforms from $530.00 to $610.00 and gave the company a “market perform” rating in a research note on Thursday, January 30th. Raymond James reiterated a “strong-buy” rating and set a $800.00 price target (up previously from $725.00) on shares of Meta Platforms in a research report on Thursday, January 30th. Finally, Wedbush decreased their price objective on Meta Platforms from $770.00 to $680.00 and set an “outperform” rating for the company in a research note on Tuesday. Two equities research 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $684.10.

Meta Platforms Trading Down 0.2 %

NASDAQ META opened at $501.48 on Friday. Meta Platforms, Inc. has a 12 month low of $414.50 and a 12 month high of $740.91. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.16. The stock has a 50 day moving average of $612.51 and a 200-day moving average of $607.32. The company has a market cap of $1.27 trillion, a PE ratio of 20.96, a PEG ratio of 1.42 and a beta of 1.28.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings results on Wednesday, January 29th. The social networking company reported $8.02 EPS for the quarter, beating analysts’ consensus estimates of $6.75 by $1.27. Meta Platforms had a net margin of 37.91% and a return on equity of 38.17%. During the same period in the previous year, the company earned $5.33 earnings per share. On average, equities research analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Friday, March 14th were issued a dividend of $0.525 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.10 dividend on an annualized basis and a yield of 0.42%. This is a boost from Meta Platforms’s previous quarterly dividend of $0.50. Meta Platforms’s dividend payout ratio (DPR) is presently 8.78%.

About Meta Platforms

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.