50,000 Shares in Meta Platforms, Inc. (NASDAQ:META) Purchased by Voyager Global Management LP

Voyager Global Management LP bought a new stake in Meta Platforms, Inc. (NASDAQ:META) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 50,000 shares of the social networking company’s stock, valued at approximately $29,276,000. Meta Platforms makes up 1.2% of Voyager Global Management LP’s portfolio, making the stock its 12th largest holding.

A number of other large investors have also recently bought and sold shares of META. Millstone Evans Group LLC bought a new stake in Meta Platforms during the fourth quarter worth about $40,000. Avondale Wealth Management acquired a new position in shares of Meta Platforms during the 4th quarter worth approximately $41,000. WealthTrak Capital Management LLC bought a new stake in shares of Meta Platforms during the 4th quarter worth approximately $43,000. Cordant Inc. acquired a new stake in shares of Meta Platforms in the 4th quarter valued at approximately $59,000. Finally, Conquis Financial LLC bought a new position in shares of Meta Platforms in the fourth quarter valued at $59,000. Institutional investors and hedge funds own 79.91% of the company’s stock.

Insider Transactions at Meta Platforms

In other news, CTO Andrew Bosworth sold 5,060 shares of the company’s stock in a transaction that occurred on Saturday, February 15th. The stock was sold at an average price of $736.67, for a total value of $3,727,550.20. Following the completion of the transaction, the chief technology officer now directly owns 5,139 shares of the company’s stock, valued at $3,785,747.13. This represents a 49.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jennifer Newstead sold 921 shares of Meta Platforms stock in a transaction on Tuesday, April 22nd. The stock was sold at an average price of $491.87, for a total value of $453,012.27. Following the sale, the insider now owns 27,498 shares in the company, valued at $13,525,441.26. This trade represents a 3.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 308,068 shares of company stock worth $214,968,924 in the last quarter. 13.71% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have issued reports on META shares. Raymond James reaffirmed a “strong-buy” rating and set a $800.00 price target (up from $725.00) on shares of Meta Platforms in a research report on Thursday, January 30th. Oppenheimer raised their target price on shares of Meta Platforms from $650.00 to $800.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Arete Research raised shares of Meta Platforms to a “hold” rating in a report on Friday, January 24th. Argus set a $775.00 price objective on shares of Meta Platforms in a research note on Tuesday, February 4th. Finally, Benchmark decreased their target price on shares of Meta Platforms from $820.00 to $640.00 and set a “buy” rating on the stock in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-six have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $676.55.

Meta Platforms Stock Up 2.5 %

Shares of NASDAQ META opened at $533.15 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.98 and a quick ratio of 2.98. Meta Platforms, Inc. has a 1 year low of $414.50 and a 1 year high of $740.91. The stock has a market capitalization of $1.35 trillion, a P/E ratio of 22.29, a P/E/G ratio of 1.42 and a beta of 1.28. The company has a 50-day moving average price of $590.37 and a 200-day moving average price of $604.75.

Meta Platforms (NASDAQ:META) last released its quarterly earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.75 by $1.27. Meta Platforms had a return on equity of 38.17% and a net margin of 37.91%. During the same quarter in the prior year, the company posted $5.33 earnings per share. On average, equities research analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th were issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 0.39%. This is an increase from Meta Platforms’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Friday, March 14th. Meta Platforms’s payout ratio is currently 8.78%.

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.