Transatlantique Private Wealth LLC Increases Holdings in Meta Platforms, Inc. (NASDAQ:META)

Transatlantique Private Wealth LLC increased its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,215 shares of the social networking company’s stock after purchasing an additional 104 shares during the quarter. Meta Platforms makes up 1.2% of Transatlantique Private Wealth LLC’s portfolio, making the stock its 20th biggest holding. Transatlantique Private Wealth LLC’s holdings in Meta Platforms were worth $3,053,000 as of its most recent SEC filing.

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

Insider Activity

In other Meta Platforms news, COO Javier Olivan sold 413 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $618.00, for a total value of $255,234.00. Following the completion of the sale, the chief operating officer now directly owns 16,275 shares in the company, valued at approximately $10,057,950. This trade represents a 2.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Mark Zuckerberg sold 35,921 shares of the firm’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $626.80, for a total value of $22,515,282.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 379,901 shares of company stock worth $260,806,516. Insiders own 13.71% of the company’s stock.

Meta Platforms Price Performance

META opened at $501.48 on Friday. The firm has a market capitalization of $1.27 trillion, a PE ratio of 20.96, a price-to-earnings-growth ratio of 1.42 and a beta of 1.28. 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 is $608.14 and its two-hundred day moving average is $607.04. Meta Platforms, Inc. has a 1 year low of $414.50 and a 1 year high of $740.91.

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

Meta Platforms Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. DA Davidson reduced their price objective on Meta Platforms from $800.00 to $650.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. KeyCorp lowered their price objective on shares of Meta Platforms from $710.00 to $645.00 and set an “overweight” rating for the company in a research report on Wednesday, April 9th. Oppenheimer boosted their target price on shares of Meta Platforms from $650.00 to $800.00 and gave the stock an “outperform” rating in a 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 report on Thursday, January 30th. Finally, Wolfe Research boosted their price objective on Meta Platforms from $670.00 to $730.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Two equities research 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 stock. According to MarketBeat, Meta Platforms has an average rating of “Moderate Buy” and a consensus target price of $684.10.

Meta Platforms 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.