Natixis Advisors LLC Boosts Holdings in Meta Platforms, Inc. $META

Natixis Advisors LLC lifted its stake in Meta Platforms, Inc. (NASDAQ:METAFree Report) by 3.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,058,115 shares of the social networking company’s stock after buying an additional 70,988 shares during the period. Meta Platforms comprises 2.2% of Natixis Advisors LLC’s portfolio, making the stock its 5th biggest holding. Natixis Advisors LLC owned approximately 0.08% of Meta Platforms worth $1,511,439,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Grantham Mayo Van Otterloo & Co. LLC increased its stake in Meta Platforms by 2.1% during the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 2,272,907 shares of the social networking company’s stock valued at $1,669,178,000 after acquiring an additional 46,880 shares during the period. Munich Reinsurance Co Stock Corp in Munich acquired a new position in Meta Platforms in the 3rd quarter valued at approximately $57,365,000. Ameriflex Group Inc. lifted its position in shares of Meta Platforms by 39.5% in the 3rd quarter. Ameriflex Group Inc. now owns 4,307 shares of the social networking company’s stock worth $3,163,000 after acquiring an additional 1,219 shares during the period. Angeles Wealth Management LLC grew its holdings in shares of Meta Platforms by 27.6% during the 3rd quarter. Angeles Wealth Management LLC now owns 12,266 shares of the social networking company’s stock worth $9,008,000 after purchasing an additional 2,651 shares in the last quarter. Finally, Blair William & Co. IL grew its holdings in shares of Meta Platforms by 17.7% during the 3rd quarter. Blair William & Co. IL now owns 678,857 shares of the social networking company’s stock worth $498,539,000 after purchasing an additional 102,259 shares in the last quarter. 79.91% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Meta Platforms

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

Meta Platforms Stock Up 0.1%

Shares of NASDAQ META opened at $654.86 on Thursday. Meta Platforms, Inc. has a 52-week low of $479.80 and a 52-week high of $796.25. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.60 and a current ratio of 2.60. The business has a fifty day moving average of $654.42 and a two-hundred day moving average of $679.16. The stock has a market cap of $1.66 trillion, a PE ratio of 27.87, a PEG ratio of 1.01 and a beta of 1.30.

Meta Platforms (NASDAQ:METAGet Free Report) last posted its earnings results 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. The business had revenue of $59.89 billion for the quarter, compared to analyst estimates of $58.33 billion. Meta Platforms had a net margin of 30.08% and a return on equity of 38.61%. The firm’s quarterly revenue was up 23.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $8.02 EPS. As a group, equities research analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Monday, March 16th will be paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Monday, March 16th. Meta Platforms’s dividend payout ratio is currently 8.94%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Arete Research restated a “neutral” rating on shares of Meta Platforms in a research note on Thursday, March 5th. UBS Group reiterated a “buy” rating and set a $872.00 price target (up from $830.00) on shares of Meta Platforms in a research note on Thursday, January 29th. Jefferies Financial Group boosted their price target on shares of Meta Platforms from $910.00 to $1,000.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Robert W. Baird increased their price objective on shares of Meta Platforms from $815.00 to $830.00 and gave the company an “outperform” rating in a research note on Thursday, January 29th. Finally, Citizens Jmp reaffirmed an “outperform” rating and set a $900.00 price objective (up from $750.00) on shares of Meta Platforms in a report on Monday, November 24th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $844.44.

Get Our Latest Research Report on META

Insiders Place Their Bets

In other news, COO Javier Olivan sold 926 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $634.94, for a total value of $587,954.44. Following the transaction, the chief operating officer directly owned 15,187 shares of the company’s stock, valued at $9,642,833.78. The trade was a 5.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Susan J. Li sold 56,571 shares of the stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $644.70, for a total value of $36,471,323.70. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 161,446 shares of company stock valued at $103,451,688. 13.61% of the stock is currently owned by insiders.

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.

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

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