Fidelis Capital Partners LLC Buys 1,589 Shares of Meta Platforms, Inc. (NASDAQ:META)

Fidelis Capital Partners LLC lifted its stake in Meta Platforms, Inc. (NASDAQ:META) by 16.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,119 shares of the social networking company’s stock after acquiring an additional 1,589 shares during the quarter. Meta Platforms accounts for about 0.9% of Fidelis Capital Partners LLC’s investment portfolio, making the stock its 21st largest holding. Fidelis Capital Partners LLC’s holdings in Meta Platforms were worth $3,936,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Fairfield Bush & CO. bought a new stake in Meta Platforms during the first quarter valued at approximately $66,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Meta Platforms by 12.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,244,201 shares of the social networking company’s stock valued at $499,020,000 after purchasing an additional 249,926 shares in the last quarter. Ergoteles LLC lifted its holdings in shares of Meta Platforms by 284.0% in the first quarter. Ergoteles LLC now owns 3,356 shares of the social networking company’s stock worth $746,000 after buying an additional 2,482 shares in the last quarter. First Western Trust Bank purchased a new position in shares of Meta Platforms in the first quarter worth $813,000. Finally, Oxford Financial Group Ltd. lifted its holdings in shares of Meta Platforms by 26.9% in the first quarter. Oxford Financial Group Ltd. now owns 1,888 shares of the social networking company’s stock worth $420,000 after buying an additional 400 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors.

Insider Transactions at Meta Platforms

In related news, COO Javier Olivan sold 490 shares of Meta Platforms stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $488.03, for a total value of $239,134.70. Following the sale, the chief operating officer now owns 79,944 shares of the company’s stock, valued at approximately $39,015,070.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Meta Platforms news, insider Jennifer Newstead sold 585 shares of Meta Platforms stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $498.59, for a total transaction of $291,675.15. Following the sale, the insider now owns 37,813 shares of the company’s stock, valued at approximately $18,853,183.67. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Javier Olivan sold 490 shares of Meta Platforms stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $488.03, for a total transaction of $239,134.70. Following the sale, the chief operating officer now directly owns 79,944 shares in the company, valued at approximately $39,015,070.32. The disclosure for this sale can be found here. Insiders have sold 1,421,182 shares of company stock valued at $677,574,550 in the last 90 days. 13.75% of the stock is currently owned by company insiders.

Meta Platforms Stock Performance

Shares of NASDAQ META traded down $14.14 during midday trading on Friday, reaching $487.66. 5,897,463 shares of the stock were exchanged, compared to its average volume of 16,882,270. The firm has a market cap of $1.24 trillion, a price-to-earnings ratio of 33.99, a PEG ratio of 1.26 and a beta of 1.20. Meta Platforms, Inc. has a twelve month low of $207.13 and a twelve month high of $531.49. The firm has a 50-day simple moving average of $494.29 and a two-hundred day simple moving average of $397.43. The company has a quick ratio of 2.67, a current ratio of 2.67 and a debt-to-equity ratio of 0.12.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings data on Thursday, February 1st. The social networking company reported $5.33 EPS 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 analysts’ expectations of $39.12 billion. Meta Platforms had a net margin of 28.98% and a return on equity of 29.48%. The business’s revenue was up 24.7% on a year-over-year basis. During the same quarter last year, the company earned $3.00 EPS. As a group, analysts anticipate that Meta Platforms, Inc. will post 20.18 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.41%. Meta Platforms’s payout ratio is 13.42%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on META shares. BMO Capital Markets upped their price target on shares of Meta Platforms from $397.00 to $450.00 and gave the company a “market perform” rating in a research note on Friday, February 2nd. Wolfe Research upped their price target on shares of Meta Platforms from $430.00 to $530.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Truist Financial upped their price target on shares of Meta Platforms from $525.00 to $550.00 and gave the stock a “buy” rating in a report on Wednesday. UBS Group increased their target price on shares of Meta Platforms from $530.00 to $610.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Monness Crespi & Hardt increased their target price on shares of Meta Platforms from $370.00 to $540.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-eight have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $519.53.

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.