RAM Investment Partners LLC Has $3.04 Million Stock Holdings in Meta Platforms, Inc. $META

RAM Investment Partners LLC raised its position in shares of Meta Platforms, Inc. (NASDAQ:METAFree Report) by 56.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,140 shares of the social networking company’s stock after purchasing an additional 1,490 shares during the period. Meta Platforms makes up approximately 0.6% of RAM Investment Partners LLC’s investment portfolio, making the stock its 20th biggest position. RAM Investment Partners LLC’s holdings in Meta Platforms were worth $3,040,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Rockline Wealth Management LLC increased its stake in shares of Meta Platforms by 4.8% in the 3rd quarter. Rockline Wealth Management LLC now owns 32,469 shares of the social networking company’s stock valued at $23,845,000 after purchasing an additional 1,500 shares during the last quarter. Federated Hermes Inc. boosted its stake in Meta Platforms by 23.6% in the third quarter. Federated Hermes Inc. now owns 629,470 shares of the social networking company’s stock valued at $462,270,000 after buying an additional 120,161 shares in the last quarter. Tobias Financial Advisors Inc. grew its position in Meta Platforms by 14.1% in the third quarter. Tobias Financial Advisors Inc. now owns 1,384 shares of the social networking company’s stock valued at $1,017,000 after acquiring an additional 171 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd lifted its holdings in shares of Meta Platforms by 0.7% in the third quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 10,020 shares of the social networking company’s stock worth $7,358,000 after acquiring an additional 70 shares during the last quarter. Finally, Hussman Strategic Advisors Inc. bought a new position in shares of Meta Platforms in the third quarter worth about $3,084,000. 79.91% of the stock is currently owned by institutional investors.

Meta Platforms Price Performance

META stock opened at $661.46 on Friday. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 0.27. The firm has a market cap of $1.67 trillion, a price-to-earnings ratio of 28.15, a PEG ratio of 1.14 and a beta of 1.28. The company’s fifty day simple moving average is $656.76 and its 200 day simple moving average is $695.19. Meta Platforms, Inc. has a 12-month low of $479.80 and a 12-month high of $796.25.

Meta Platforms (NASDAQ:METAGet Free Report) last posted its quarterly earnings data on Wednesday, January 28th. The social networking company reported $8.88 earnings per share for the quarter, topping the consensus estimate of $8.16 by $0.72. Meta Platforms had a return on equity of 38.61% and a net margin of 30.08%.The firm had revenue of $59.89 billion during the quarter, compared to analyst estimates of $58.33 billion. During the same period last year, the company posted $8.02 EPS. The business’s quarterly revenue was up 23.8% on a year-over-year basis. On average, analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Monday, December 15th were paid a $0.525 dividend. The ex-dividend date was Monday, December 15th. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. Meta Platforms’s payout ratio is currently 8.94%.

Insider Activity at Meta Platforms

In related news, CFO Susan J. Li sold 6,875 shares of the stock in a transaction on Saturday, November 15th. The shares were sold at an average price of $609.46, for a total transaction of $4,190,037.50. Following the transaction, the chief financial officer directly owned 88,370 shares of the company’s stock, valued at $53,857,980.20. This represents a 7.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Andrew Bosworth sold 11,690 shares of Meta Platforms stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $593.31, for a total transaction of $6,935,793.90. Following the completion of the sale, the chief technology officer directly owned 2,415 shares of the company’s stock, valued at approximately $1,432,843.65. This trade represents a 82.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 39,594 shares of company stock worth $24,325,407 over the last ninety days. 13.61% of the stock is owned by corporate insiders.

Key Stories Impacting Meta Platforms

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

Wall Street Analyst Weigh In

META has been the subject of several research reports. Rosenblatt Securities increased their price objective on shares of Meta Platforms from $1,117.00 to $1,144.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Scotiabank increased their price target on Meta Platforms from $685.00 to $700.00 and gave the company a “sector perform” rating in a research note on Thursday, January 29th. Raymond James Financial cut their price objective on Meta Platforms from $825.00 to $800.00 and set a “strong-buy” rating on the stock in a report on Monday, January 26th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $900.00 target price (up from $870.00) on shares of Meta Platforms in a research report on Thursday, January 29th. Finally, Mizuho boosted their price target on Meta Platforms from $815.00 to $850.00 and gave the stock an “outperform” rating in a report on Thursday, January 29th. Four investment analysts have rated the stock with a Strong Buy rating, forty have assigned a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $847.40.

Check Out Our Latest Research Report on Meta Platforms

About Meta Platforms

(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.

See Also

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

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