ASR Vermogensbeheer N.V. Reduces Stock Position in Meta Platforms, Inc. $META

ASR Vermogensbeheer N.V. lessened its holdings in Meta Platforms, Inc. (NASDAQ:METAFree Report) by 0.5% during the fourth quarter, Holdings Channel reports. The fund owned 248,234 shares of the social networking company’s stock after selling 1,216 shares during the period. Meta Platforms makes up 1.9% of ASR Vermogensbeheer N.V.’s holdings, making the stock its 7th largest holding. ASR Vermogensbeheer N.V.’s holdings in Meta Platforms were worth $163,851,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC increased its holdings in shares of Meta Platforms by 1.7% during the fourth quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company’s stock worth $20,230,000 after purchasing an additional 570 shares during the period. Revolve Wealth Partners LLC increased its position in shares of Meta Platforms by 10.2% in the fourth quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company’s stock worth $5,537,000 after purchasing an additional 875 shares during the period. Headwater Capital Co Ltd boosted its stake in Meta Platforms by 294.7% in the first quarter. Headwater Capital Co Ltd now owns 150,000 shares of the social networking company’s stock valued at $86,454,000 after buying an additional 112,000 shares in the last quarter. Dymon Asia Capital Singapore PTE. LTD. acquired a new stake in Meta Platforms in the second quarter valued at about $213,000. Finally, Capital & Planning LLC acquired a new stake in Meta Platforms in the second quarter valued at about $322,000. Institutional investors own 79.91% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on META. Needham & Company LLC reaffirmed a “hold” rating on shares of Meta Platforms in a research note on Thursday, January 29th. Monness Crespi & Hardt lifted their target price on Meta Platforms from $808.00 to $890.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Royal Bank Of Canada restated an “outperform” rating and set a $810.00 price objective on shares of Meta Platforms in a report on Thursday, April 30th. Mizuho decreased their price objective on Meta Platforms from $850.00 to $835.00 and set an “outperform” rating for the company in a report on Tuesday, May 5th. Finally, Bank of America decreased their price objective on Meta Platforms from $885.00 to $820.00 and set a “buy” rating for the company in a report on Monday, April 20th. Four research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $840.31.

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Meta Platforms Price Performance

META stock opened at $614.23 on Monday. Meta Platforms, Inc. has a 1-year low of $520.26 and a 1-year high of $796.25. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.24. The stock’s fifty day simple moving average is $622.18 and its two-hundred day simple moving average is $639.94. The stock has a market cap of $1.55 trillion, a P/E ratio of 22.33, a P/E/G ratio of 1.08 and a beta of 1.25.

Meta Platforms (NASDAQ:METAGet Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The social networking company reported $10.44 EPS for the quarter, beating analysts’ consensus estimates of $6.67 by $3.77. Meta Platforms had a return on equity of 36.93% and a net margin of 32.84%.The firm had revenue of $56.31 billion for the quarter, compared to analysts’ expectations of $55.56 billion. During the same quarter in the prior year, the firm earned $6.43 EPS. The business’s revenue for the quarter was up 33.1% compared to the same quarter last year. Analysts expect that Meta Platforms, Inc. will post 29.65 EPS for the current year.

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Insiders Place Their Bets

In related news, Director Robert M. Kimmitt sold 580 shares of the business’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $667.00, for a total transaction of $386,860.00. Following the sale, the director directly owned 3,847 shares in the company, valued at approximately $2,565,949. The trade was a 13.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Javier Olivan sold 926 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $604.57, for a total value of $559,831.82. Following the sale, the chief operating officer owned 6,853 shares in the company, valued at approximately $4,143,118.21. The trade was a 11.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 160,352 shares of company stock worth $102,559,436. 13.53% of the stock is currently owned by corporate insiders.

About Meta Platforms

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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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