Meta Platforms, Inc. (NASDAQ:META) is DGS Capital Management LLC’s 8th Largest Position

DGS Capital Management LLC raised its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 7.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,683 shares of the social networking company’s stock after acquiring an additional 733 shares during the quarter. Meta Platforms makes up 1.5% of DGS Capital Management LLC’s investment portfolio, making the stock its 8th biggest holding. DGS Capital Management LLC’s holdings in Meta Platforms were worth $3,781,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. WoodTrust Financial Corp lifted its stake in Meta Platforms by 1.8% during the fourth quarter. WoodTrust Financial Corp now owns 1,547 shares of the social networking company’s stock valued at $548,000 after buying an additional 27 shares in the last quarter. Tennessee Valley Asset Management Partners boosted its stake in Meta Platforms by 0.6% in the 4th quarter. Tennessee Valley Asset Management Partners now owns 4,566 shares of the social networking company’s stock worth $1,616,000 after purchasing an additional 27 shares during the period. Peterson Wealth Advisors LLC grew its position in Meta Platforms by 1.9% during the 4th quarter. Peterson Wealth Advisors LLC now owns 1,468 shares of the social networking company’s stock worth $520,000 after purchasing an additional 28 shares in the last quarter. Edge Wealth Management LLC grew its position in Meta Platforms by 4.0% during the 4th quarter. Edge Wealth Management LLC now owns 730 shares of the social networking company’s stock worth $258,000 after purchasing an additional 28 shares in the last quarter. Finally, Yarger Wealth Strategies LLC raised its stake in Meta Platforms by 4.0% during the 4th quarter. Yarger Wealth Strategies LLC now owns 736 shares of the social networking company’s stock valued at $260,000 after purchasing an additional 28 shares during the period. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Meta Platforms Stock Up 0.6 %

META traded up $2.76 during trading hours on Tuesday, hitting $502.99. 3,904,688 shares of the company’s stock were exchanged, compared to its average volume of 17,063,094. The company has a quick ratio of 2.67, a current ratio of 2.67 and a debt-to-equity ratio of 0.12. The stock’s 50-day moving average is $492.26 and its two-hundred day moving average is $394.61. The stock has a market cap of $1.28 trillion, a price-to-earnings ratio of 33.64, a PEG ratio of 1.31 and a beta of 1.20. Meta Platforms, Inc. has a 1-year low of $207.13 and a 1-year high of $531.49.

Meta Platforms (NASDAQ:META) last issued its earnings results on Thursday, February 1st. The social networking company reported $5.33 earnings per share for the quarter, topping analysts’ consensus estimates of $4.82 by $0.51. The business had revenue of $40.11 billion for the quarter, compared to the consensus estimate of $39.12 billion. Meta Platforms had a net margin of 28.98% and a return on equity of 29.48%. The firm’s revenue for the quarter was up 24.7% on a year-over-year basis. During the same period in the previous year, the company earned $3.00 earnings per share. Sell-side analysts predict that Meta Platforms, Inc. will post 20.06 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Thursday, February 22nd were paid a dividend of $0.50 per share. The ex-dividend date was Wednesday, February 21st. This represents a $2.00 annualized dividend and a dividend yield of 0.40%. Meta Platforms’s dividend payout ratio is currently 13.42%.

Insider Buying and Selling at Meta Platforms

In other news, insider Jennifer Newstead sold 566 shares of the stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $385.00, for a total transaction of $217,910.00. Following the transaction, the insider now owns 35,286 shares in the company, valued at $13,585,110. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Jennifer Newstead sold 566 shares of the firm’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $385.00, for a total transaction of $217,910.00. Following the transaction, the insider now directly owns 35,286 shares of the company’s stock, valued at $13,585,110. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mark Zuckerberg sold 19,681 shares of Meta Platforms stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $364.99, for a total value of $7,183,368.19. The disclosure for this sale can be found here. Insiders have sold a total of 1,459,469 shares of company stock worth $691,726,161 over the last ninety days. Insiders own 14.03% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on META shares. UBS Group raised their target price on Meta Platforms from $530.00 to $610.00 and gave the stock a “buy” rating in a research report on Tuesday. JPMorgan Chase & Co. lifted their target price on Meta Platforms from $420.00 to $535.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Guggenheim increased their price target on shares of Meta Platforms from $380.00 to $520.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Mizuho raised their price target on shares of Meta Platforms from $470.00 to $575.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Finally, Monness Crespi & Hardt upped their price objective on shares of Meta Platforms from $370.00 to $540.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-eight have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $509.28.

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.