Meta Platforms, Inc. $META Shares Acquired by Runnymede Capital Advisors Inc.

Runnymede Capital Advisors Inc. lifted its holdings in shares of Meta Platforms, Inc. (NASDAQ:METAFree Report) by 474.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,157 shares of the social networking company’s stock after acquiring an additional 5,085 shares during the period. Meta Platforms accounts for approximately 2.3% of Runnymede Capital Advisors Inc.’s investment portfolio, making the stock its 12th biggest holding. Runnymede Capital Advisors Inc.’s holdings in Meta Platforms were worth $4,064,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in META. Westchester Capital Management Inc. acquired a new stake in shares of Meta Platforms in the third quarter valued at approximately $26,000. Dorato Capital Management purchased a new position in shares of Meta Platforms during the fourth quarter worth approximately $62,000. PMV Capital Advisers LLC grew its position in shares of Meta Platforms by 26.3% during the fourth quarter. PMV Capital Advisers LLC now owns 96 shares of the social networking company’s stock worth $63,000 after acquiring an additional 20 shares during the last quarter. Evergreen Private Wealth LLC grew its position in shares of Meta Platforms by 64.8% during the third quarter. Evergreen Private Wealth LLC now owns 89 shares of the social networking company’s stock worth $65,000 after acquiring an additional 35 shares during the last quarter. Finally, eCIO Inc. purchased a new position in shares of Meta Platforms during the fourth quarter worth approximately $66,000. Institutional investors and hedge funds own 79.91% of the company’s stock.

Meta Platforms Trading Up 0.8%

Shares of META stock opened at $676.87 on Friday. The business’s 50 day moving average is $626.94 and its two-hundred day moving average is $652.21. Meta Platforms, Inc. has a twelve month low of $479.80 and a twelve month high of $796.25. The company has a market capitalization of $1.71 trillion, a P/E ratio of 28.80, a price-to-earnings-growth ratio of 1.04 and a beta of 1.31. The company has a current ratio of 2.60, a quick ratio of 2.60 and a debt-to-equity ratio of 0.27.

Meta Platforms (NASDAQ:METAGet Free Report) last announced its earnings results on Wednesday, January 28th. The social networking company reported $8.88 earnings per share for the quarter, beating the consensus estimate of $8.16 by $0.72. Meta Platforms had a return on equity of 38.61% and a net margin of 30.08%.The company had revenue of $59.89 billion for the quarter, compared to the consensus estimate of $58.33 billion. During the same period last year, the business posted $8.02 EPS. The company’s revenue was up 23.8% on a year-over-year basis. Equities analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Monday, March 16th were paid a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Monday, March 16th. Meta Platforms’s dividend payout ratio (DPR) is 8.94%.

Meta Platforms News Roundup

Here are the key news stories impacting Meta Platforms this week:

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on META. Erste Group Bank lowered shares of Meta Platforms from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd. Guggenheim raised their target price on shares of Meta Platforms from $800.00 to $850.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Arete Research restated a “neutral” rating on shares of Meta Platforms in a research report on Thursday, March 5th. Weiss Ratings restated a “buy (b)” rating on shares of Meta Platforms in a research report on Friday, March 27th. Finally, Evercore raised their target price on shares of Meta Platforms from $875.00 to $900.00 and gave the stock an “outperform” rating in a research report on Thursday, January 29th. Four analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $837.72.

Get Our Latest Research Report on META

Insider Buying and Selling at Meta Platforms

In other news, COO Javier Olivan sold 2,778 shares of the firm’s stock in a transaction that occurred on Monday, April 13th. The stock was sold at an average price of $629.45, for a total value of $1,748,612.10. Following the completion of the sale, the chief operating officer directly owned 10,557 shares of the company’s stock, valued at $6,645,103.65. This trade represents a 20.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Susan J. Li sold 56,571 shares of the firm’s stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $644.70, for a total value of $36,471,323.70. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 164,499 shares of company stock worth $105,237,895. 13.61% of the stock is currently owned by insiders.

Meta Platforms Company Profile

(Free Report)

Meta Platforms, Inc (NASDAQ: META), formerly Facebook, Inc, is a global technology company best known for building social networking services and immersive computing platforms. Founded in 2004 and headquartered in Menlo Park, California, the company operates a family of consumer-facing products and services that connect users, creators and businesses. In October 2021 the company rebranded as Meta to reflect an expanded strategic focus on augmented and virtual reality technologies alongside its social media businesses.

Meta’s core consumer products include Facebook, Instagram, WhatsApp and Messenger, which enable social networking, messaging, content sharing and community building across mobile and desktop devices.

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Institutional Ownership by Quarter for Meta Platforms (NASDAQ:META)

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