Meta Platforms, Inc. (NASDAQ:META) Shares Sold by Anfield Capital Management LLC

Anfield Capital Management LLC lessened its holdings in Meta Platforms, Inc. (NASDAQ:META) by 19.3% during the 1st quarter, HoldingsChannel.com reports. The firm owned 2,508 shares of the social networking company’s stock after selling 599 shares during the period. Anfield Capital Management LLC’s holdings in Meta Platforms were worth $1,446,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of META. GAMMA Investing LLC lifted its stake in shares of Meta Platforms by 67,172.9% in the 1st quarter. GAMMA Investing LLC now owns 23,452,665 shares of the social networking company’s stock valued at $13,517,178,000 after purchasing an additional 23,417,803 shares during the last quarter. Nuveen LLC acquired a new position in shares of Meta Platforms in the 1st quarter valued at $2,990,544,000. Northern Trust Corp lifted its stake in shares of Meta Platforms by 13.5% in the 4th quarter. Northern Trust Corp now owns 23,445,565 shares of the social networking company’s stock valued at $13,727,613,000 after purchasing an additional 2,787,832 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Meta Platforms by 712.2% in the 1st quarter. Assenagon Asset Management S.A. now owns 2,537,631 shares of the social networking company’s stock valued at $1,462,589,000 after purchasing an additional 2,225,186 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Meta Platforms in the 4th quarter valued at $1,162,918,000. Institutional investors and hedge funds own 79.91% of the company’s stock.

Insiders Place Their Bets

In related news, COO Javier Olivan sold 517 shares of the firm’s stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $770.00, for a total value of $398,090.00. Following the completion of the transaction, the chief operating officer directly owned 4,751 shares of the company’s stock, valued at $3,658,270. This trade represents a 9.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Christopher K. Cox sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $767.80, for a total value of $11,517,000.00. Following the completion of the transaction, the insider directly owned 222,205 shares of the company’s stock, valued at $170,608,999. The trade was a 6.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 269,243 shares of company stock valued at $200,605,051 over the last 90 days. 13.61% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

META has been the topic of several recent analyst reports. Hsbc Global Res raised Meta Platforms from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 31st. Sanford C. Bernstein increased their target price on Meta Platforms from $775.00 to $900.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. TD Securities decreased their target price on Meta Platforms from $725.00 to $700.00 and set a “buy” rating on the stock in a research note on Thursday, May 1st. Monness Crespi & Hardt increased their target price on Meta Platforms from $780.00 to $860.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Finally, Needham & Company LLC raised Meta Platforms from an “underperform” rating to a “hold” rating in a research note on Thursday, July 3rd. Four research analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $822.41.

Meta Platforms Stock Up 0.4%

META opened at $785.23 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.97 and a quick ratio of 1.97. The business has a 50 day simple moving average of $724.43 and a 200-day simple moving average of $655.57. The stock has a market capitalization of $1.97 trillion, a P/E ratio of 28.43, a P/E/G ratio of 1.62 and a beta of 1.27. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, beating the consensus estimate of $5.75 by $1.39. The business had revenue of $47.52 billion during the quarter, compared to analysts’ expectations of $44.55 billion. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%. The company’s quarterly revenue was up 21.6% compared to the same quarter last year. During the same period last year, the firm earned $5.16 EPS. On average, equities analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Monday, June 16th were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, June 16th. Meta Platforms’s dividend payout ratio (DPR) is currently 7.60%.

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.