Livforsakringsbolaget Skandia Omsesidigt Raises Stake in Meta Platforms, Inc. (NASDAQ:META)

Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in Meta Platforms, Inc. (NASDAQ:META) by 17.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 77,397 shares of the social networking company’s stock after purchasing an additional 11,443 shares during the period. Meta Platforms comprises approximately 2.6% of Livforsakringsbolaget Skandia Omsesidigt’s holdings, making the stock its 6th biggest position. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Meta Platforms were worth $27,395,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. Fairfield Bush & CO. purchased a new stake in Meta Platforms in the 1st quarter worth approximately $66,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in Meta Platforms by 12.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,244,201 shares of the social networking company’s stock worth $499,020,000 after acquiring an additional 249,926 shares in the last quarter. Ergoteles LLC increased its holdings in Meta Platforms by 284.0% in the 1st quarter. Ergoteles LLC now owns 3,356 shares of the social networking company’s stock worth $746,000 after acquiring an additional 2,482 shares in the last quarter. First Western Trust Bank purchased a new stake in Meta Platforms in the 1st quarter worth approximately $813,000. Finally, Oxford Financial Group Ltd. increased its holdings in Meta Platforms by 26.9% in the 1st quarter. Oxford Financial Group Ltd. now owns 1,888 shares of the social networking company’s stock worth $420,000 after acquiring an additional 400 shares in the last quarter. Institutional investors own 79.91% of the company’s stock.

Meta Platforms Price Performance

Shares of META stock opened at $502.87 on Thursday. Meta Platforms, Inc. has a fifty-two week low of $207.13 and a fifty-two week high of $531.49. The firm has a market capitalization of $1.28 trillion, a price-to-earnings ratio of 33.17, a PEG ratio of 1.28 and a beta of 1.20. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.67 and a current ratio of 2.67. The stock’s 50-day simple moving average is $493.65 and its 200-day simple moving average is $396.70.

Meta Platforms (NASDAQ:META) last released its earnings results 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. Meta Platforms had a return on equity of 29.48% and a net margin of 28.98%. The firm had revenue of $40.11 billion during the quarter, compared to the consensus estimate of $39.12 billion. During the same quarter in the previous year, the company posted $3.00 earnings per share. The company’s revenue was up 24.7% compared to the same quarter last year. As a group, equities analysts forecast that Meta Platforms, Inc. will post 20.06 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Thursday, February 22nd were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date was Wednesday, February 21st. Meta Platforms’s payout ratio is presently 13.42%.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, CEO Mark Zuckerberg sold 19,681 shares of the business’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $381.77, for a total value of $7,513,615.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, COO Javier Olivan sold 490 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $517.75, for a total value of $253,697.50. Following the completion of the sale, the chief operating officer now directly owns 7,579 shares in the company, valued at $3,924,027.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Mark Zuckerberg sold 19,681 shares of the business’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $381.77, for a total value of $7,513,615.37. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,440,278 shares of company stock valued at $684,796,490. 13.75% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on META shares. KeyCorp increased their target price on shares of Meta Platforms from $465.00 to $575.00 and gave the stock an “overweight” rating in a report on Tuesday, January 30th. JMP Securities increased their price objective on shares of Meta Platforms from $410.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. UBS Group increased their price objective on shares of Meta Platforms from $530.00 to $610.00 and gave the company a “buy” rating in a report on Tuesday. BMO Capital Markets increased their price objective on shares of Meta Platforms from $397.00 to $450.00 and gave the company a “market perform” rating in a report on Friday, February 2nd. Finally, Wells Fargo & Company cut their price objective on shares of Meta Platforms from $609.00 to $600.00 and set an “overweight” rating for the company in a report on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating, thirty-eight have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Meta Platforms presently has a consensus rating of “Moderate Buy” and a consensus target price of $518.15.

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.