Mizuho Markets Americas LLC Acquires New Shares in Meta Platforms, Inc. $META

Mizuho Markets Americas LLC acquired a new position in shares of Meta Platforms, Inc. (NASDAQ:METAFree Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 77,000 shares of the social networking company’s stock, valued at approximately $56,547,000. Meta Platforms comprises about 1.1% of Mizuho Markets Americas LLC’s investment portfolio, making the stock its 21st biggest position.

Several other large investors also recently bought and sold shares of the company. Norges Bank purchased a new position in Meta Platforms during the 2nd quarter valued at about $23,155,393,000. Laurel Wealth Advisors LLC grew its position in shares of Meta Platforms by 73,443.1% in the second quarter. Laurel Wealth Advisors LLC now owns 8,417,003 shares of the social networking company’s stock valued at $6,212,506,000 after purchasing an additional 8,405,558 shares during the last quarter. State Street Corp increased its stake in shares of Meta Platforms by 1.9% during the 2nd quarter. State Street Corp now owns 86,925,674 shares of the social networking company’s stock worth $64,158,971,000 after purchasing an additional 1,650,435 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Meta Platforms by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 192,591,101 shares of the social networking company’s stock worth $142,149,566,000 after purchasing an additional 1,532,568 shares in the last quarter. Finally, Corient Private Wealth LLC raised its position in shares of Meta Platforms by 103.5% during the 2nd quarter. Corient Private Wealth LLC now owns 1,998,624 shares of the social networking company’s stock worth $1,475,166,000 after purchasing an additional 1,016,667 shares during the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Meta Platforms Price Performance

Meta Platforms stock opened at $672.97 on Wednesday. Meta Platforms, Inc. has a 1 year low of $479.80 and a 1 year high of $796.25. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.98 and a current ratio of 1.98. The firm has a 50 day moving average price of $645.06 and a 200 day moving average price of $696.04. The company has a market cap of $1.70 trillion, a price-to-earnings ratio of 29.72, a PEG ratio of 1.33 and a beta of 1.29.

Meta Platforms (NASDAQ:METAGet Free Report) last posted its quarterly earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share for the quarter, topping analysts’ consensus estimates of $6.74 by $0.51. Meta Platforms had a net margin of 30.89% and a return on equity of 39.35%. The company had revenue of $51.24 billion for the quarter, compared to the consensus estimate of $49.34 billion. During the same quarter last year, the firm posted $6.03 earnings per share. Meta Platforms’s revenue was up 26.2% on a year-over-year basis. Sell-side analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Monday, December 15th were given a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, December 15th. Meta Platforms’s dividend payout ratio (DPR) is 9.28%.

Insiders Place Their Bets

In other Meta Platforms news, CFO Susan J. Li sold 6,875 shares of the business’s stock in a transaction dated Saturday, November 15th. The stock was sold at an average price of $609.46, for a total transaction of $4,190,037.50. Following the completion of the sale, the chief financial officer owned 88,370 shares of the company’s stock, valued at approximately $53,857,980.20. The trade was a 7.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Aaron Anderson sold 726 shares of the company’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $591.60, for a total value of $429,501.60. Following the sale, the chief accounting officer owned 6,035 shares of the company’s stock, valued at $3,570,306. This represents a 10.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 39,596 shares of company stock worth $24,277,237. Corporate insiders own 13.61% of the company’s stock.

Meta Platforms News Summary

Here are the key news stories impacting Meta Platforms this week:

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on META shares. Redburn Partners set a $900.00 price target on Meta Platforms in a research report on Monday. KeyCorp dropped their price objective on Meta Platforms from $875.00 to $835.00 and set an “overweight” rating for the company in a research report on Monday. Citizens Jmp restated an “outperform” rating and issued a $900.00 target price (up from $750.00) on shares of Meta Platforms in a report on Monday, November 24th. Royal Bank Of Canada lowered their price target on shares of Meta Platforms from $840.00 to $810.00 and set an “outperform” rating for the company in a report on Thursday, October 30th. Finally, Rothschild & Co Redburn raised shares of Meta Platforms from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $740.00 to $900.00 in a research report on Monday. Five equities research analysts have rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, Meta Platforms has a consensus rating of “Moderate Buy” and a consensus target price of $822.00.

View Our Latest Stock Report on Meta Platforms

Meta Platforms Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Meta Platforms (NASDAQ:META)

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