Parametrica Management Ltd Has $12.36 Million Stock Position in Meta Platforms, Inc. (NASDAQ:META)

Parametrica Management Ltd raised its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 14.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,900 shares of the social networking company’s stock after acquiring an additional 4,500 shares during the period. Meta Platforms makes up approximately 20.3% of Parametrica Management Ltd’s investment portfolio, making the stock its largest position. Parametrica Management Ltd’s holdings in Meta Platforms were worth $12,355,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Daiwa Securities Group Inc. boosted its holdings in shares of Meta Platforms by 7.7% during the fourth quarter. Daiwa Securities Group Inc. now owns 451,581 shares of the social networking company’s stock worth $159,841,000 after acquiring an additional 32,423 shares during the period. Bank of Stockton raised its position in shares of Meta Platforms by 9.2% in the fourth quarter. Bank of Stockton now owns 4,743 shares of the social networking company’s stock valued at $1,819,000 after buying an additional 400 shares in the last quarter. Signify Wealth acquired a new stake in shares of Meta Platforms in the fourth quarter valued at approximately $228,000. Illinois Municipal Retirement Fund raised its position in shares of Meta Platforms by 1.8% in the fourth quarter. Illinois Municipal Retirement Fund now owns 223,788 shares of the social networking company’s stock valued at $79,212,000 after buying an additional 4,025 shares in the last quarter. Finally, Investment Research & Advisory Group Inc. raised its position in shares of Meta Platforms by 1.5% in the fourth quarter. Investment Research & Advisory Group Inc. now owns 10,962 shares of the social networking company’s stock valued at $3,880,000 after buying an additional 164 shares in the last quarter. Institutional investors own 79.91% of the company’s stock.

Insider Buying and Selling at Meta Platforms

In other news, CTO Andrew Bosworth sold 8,036 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $473.28, for a total transaction of $3,803,278.08. Following the transaction, the chief technology officer now owns 18,432 shares in the company, valued at $8,723,496.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CTO Andrew Bosworth sold 8,036 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $473.28, for a total transaction of $3,803,278.08. Following the transaction, the chief technology officer now owns 18,432 shares in the company, valued at $8,723,496.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jennifer Newstead sold 585 shares of the company’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $522.00, for a total transaction of $305,370.00. Following the transaction, the insider now owns 38,398 shares in the company, valued at approximately $20,043,756. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,349,148 shares of company stock valued at $649,552,559. 13.75% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on META. UBS Group dropped their price target on shares of Meta Platforms from $610.00 to $575.00 and set a “buy” rating for the company in a research report on Thursday. Truist Financial dropped their price target on shares of Meta Platforms from $550.00 to $535.00 and set a “buy” rating for the company in a research report on Thursday. Wells Fargo & Company lowered their price objective on shares of Meta Platforms from $609.00 to $600.00 and set an “overweight” rating for the company in a research report on Wednesday, April 3rd. Stifel Nicolaus boosted their price objective on shares of Meta Platforms from $527.00 to $588.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Finally, Benchmark restated a “hold” rating on shares of Meta Platforms in a research report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, thirty-seven have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Meta Platforms presently has an average rating of “Moderate Buy” and a consensus target price of $509.18.

Meta Platforms Trading Up 0.4 %

META traded up $1.91 during trading on Friday, reaching $443.29. 32,645,619 shares of the stock traded hands, compared to its average volume of 18,233,678. The company has a quick ratio of 2.67, a current ratio of 2.68 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $1.13 trillion, a PE ratio of 25.46, a P/E/G ratio of 1.13 and a beta of 1.20. The stock’s 50-day moving average is $494.48 and its 200 day moving average is $404.85. Meta Platforms, Inc. has a 12 month low of $229.85 and a 12 month high of $531.49.

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

Meta Platforms Dividend Announcement

The company also recently declared 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. The ex-dividend date was Wednesday, February 21st. This represents a $2.00 dividend on an annualized basis and a yield of 0.45%. Meta Platforms’s dividend payout ratio (DPR) is currently 11.49%.

Meta Platforms Company 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.