Tybourne Capital Management HK Ltd. Purchases 8,284 Shares of Meta Platforms, Inc. (NASDAQ:META)

Tybourne Capital Management HK Ltd. increased its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 317.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,894 shares of the social networking company’s stock after acquiring an additional 8,284 shares during the quarter. Meta Platforms comprises 1.6% of Tybourne Capital Management HK Ltd.’s holdings, making the stock its 17th biggest position. Tybourne Capital Management HK Ltd.’s holdings in Meta Platforms were worth $6,379,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of META. Millstone Evans Group LLC acquired a new position in Meta Platforms during the 4th quarter valued at approximately $40,000. WealthTrak Capital Management LLC purchased a new stake in shares of Meta Platforms in the 4th quarter valued at $43,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of Meta Platforms in the 4th quarter valued at $45,000. Stuart Chaussee & Associates Inc. purchased a new stake in shares of Meta Platforms in the 4th quarter valued at $47,000. Finally, Conquis Financial LLC purchased a new stake in shares of Meta Platforms in the 4th quarter valued at $59,000. Institutional investors own 79.91% of the company’s stock.

Meta Platforms Stock Performance

Shares of META stock opened at $640.34 on Monday. The firm has a fifty day moving average price of $571.37 and a 200 day moving average price of $607.10. The company has a market cap of $1.61 trillion, a P/E ratio of 26.77, a PEG ratio of 1.42 and a beta of 1.24. Meta Platforms, Inc. has a 12 month low of $442.65 and a 12 month high of $740.91. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.16.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings data on Wednesday, April 30th. The social networking company reported $6.43 earnings per share for the quarter, topping the consensus estimate of $5.33 by $1.10. Meta Platforms had a net margin of 37.91% and a return on equity of 38.17%. The business had revenue of $42.31 billion during the quarter, compared to the consensus estimate of $41.45 billion. During the same quarter in the previous year, the firm earned $4.71 EPS. The company’s revenue was up 16.1% compared to the same quarter last year. Sell-side analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Meta Platforms news, insider Christopher K. Cox sold 20,000 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $677.71, for a total transaction of $13,554,200.00. Following the transaction, the insider now owns 308,686 shares of the company’s stock, valued at approximately $209,199,589.06. This trade represents a 6.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Mark Zuckerberg sold 19,668 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $703.21, for a total value of $13,830,734.28. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 62,852 shares of company stock valued at $41,665,958. 13.71% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on META shares. Pivotal Research lowered their target price on shares of Meta Platforms from $875.00 to $830.00 and set a “buy” rating on the stock in a research note on Thursday, May 1st. Moffett Nathanson increased their price objective on shares of Meta Platforms from $525.00 to $605.00 and gave the company a “buy” rating in a report on Thursday, May 1st. Bank of America increased their price objective on shares of Meta Platforms from $640.00 to $690.00 and gave the company a “buy” rating in a report on Thursday, May 1st. JMP Securities reaffirmed a “market outperform” rating and set a $750.00 price objective on shares of Meta Platforms in a report on Wednesday, April 30th. Finally, Wells Fargo & Company decreased their price objective on shares of Meta Platforms from $752.00 to $664.00 and set an “overweight” rating on the stock in a report on Thursday, May 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-seven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $701.05.

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.