Ewa LLC Has $938,000 Stock Holdings in Meta Platforms, Inc. (NASDAQ:META)

Ewa LLC raised its holdings in Meta Platforms, Inc. (NASDAQ:META) by 20.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,650 shares of the social networking company’s stock after buying an additional 447 shares during the period. Meta Platforms comprises about 0.5% of Ewa LLC’s holdings, making the stock its 23rd largest position. Ewa LLC’s holdings in Meta Platforms were worth $938,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in META. Stone House Investment Management LLC raised its holdings in shares of Meta Platforms by 625.0% in the third quarter. Stone House Investment Management LLC now owns 87 shares of the social networking company’s stock valued at $26,000 after purchasing an additional 75 shares during the last quarter. Beaird Harris Wealth Management LLC grew its position in Meta Platforms by 68.9% in the 3rd quarter. Beaird Harris Wealth Management LLC now owns 103 shares of the social networking company’s stock worth $31,000 after purchasing an additional 42 shares in the last quarter. PayPay Securities Corp increased its stake in Meta Platforms by 65.2% in the 3rd quarter. PayPay Securities Corp now owns 109 shares of the social networking company’s stock valued at $33,000 after buying an additional 43 shares during the last quarter. Cranbrook Wealth Management LLC lifted its position in shares of Meta Platforms by 80.4% during the 4th quarter. Cranbrook Wealth Management LLC now owns 101 shares of the social networking company’s stock worth $36,000 after buying an additional 45 shares in the last quarter. Finally, Gilfoyle & Co LLC purchased a new position in shares of Meta Platforms in the 4th quarter worth approximately $39,000. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Citigroup decreased their price target on Meta Platforms from $590.00 to $550.00 and set a “buy” rating for the company in a research report on Thursday. Wells Fargo & Company lowered their price target on shares of Meta Platforms from $609.00 to $600.00 and set an “overweight” rating on the stock in a report on Wednesday, April 3rd. JPMorgan Chase & Co. decreased their target price on Meta Platforms from $535.00 to $480.00 and set an “overweight” rating for the company in a research report on Thursday. Susquehanna upped their price target on Meta Platforms from $400.00 to $550.00 and gave the company a “positive” rating in a research report on Friday, February 2nd. Finally, Royal Bank of Canada decreased their price objective on Meta Platforms from $600.00 to $570.00 and set an “outperform” rating for the company in a report on Thursday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, thirty-seven have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $509.18.

Insider Transactions at Meta Platforms

In other news, insider Jennifer Newstead sold 585 shares of Meta Platforms stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $491.25, for a total transaction of $287,381.25. Following the completion of the transaction, the insider now directly owns 37,228 shares in the company, valued at $18,288,255. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Mark Zuckerberg sold 97,093 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $469.67, for a total value of $45,601,669.31. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jennifer Newstead sold 585 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $491.25, for a total transaction of $287,381.25. Following the sale, the insider now directly owns 37,228 shares of the company’s stock, valued at approximately $18,288,255. The disclosure for this sale can be found here. Insiders have sold 1,277,048 shares of company stock valued at $620,679,759 in the last three months. 13.71% of the stock is currently owned by company insiders.

Meta Platforms Trading Down 3.1 %

NASDAQ:META traded down $13.55 during trading hours on Monday, hitting $429.74. The company had a trading volume of 16,378,259 shares, compared to its average volume of 18,360,781. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.68 and a quick ratio of 2.68. The stock has a 50-day moving average price of $494.48 and a 200 day moving average price of $405.39. The company has a market capitalization of $1.10 trillion, a PE ratio of 24.89, a price-to-earnings-growth ratio of 1.15 and a beta of 1.20. Meta Platforms, Inc. has a 52 week low of $229.85 and a 52 week high of $531.49.

Meta Platforms (NASDAQ:META) last announced its earnings results on Wednesday, April 24th. The social networking company reported $4.71 earnings per share for the quarter, beating analysts’ consensus estimates of $4.32 by $0.39. Meta Platforms had a net margin of 32.06% and a return on equity of 32.03%. The firm had revenue of $36.46 billion for the quarter, compared to analyst estimates of $36.28 billion. On average, equities research analysts predict that Meta Platforms, Inc. will post 20.2 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Thursday, February 22nd were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.47%. The ex-dividend date was Wednesday, February 21st. Meta Platforms’s dividend payout ratio is currently 11.49%.

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.