Meta Platforms, Inc. (NASDAQ:META) is Infusive Asset Management Inc.’s 3rd Largest Position

Infusive Asset Management Inc. decreased its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 31.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,335 shares of the social networking company’s stock after selling 9,670 shares during the quarter. Meta Platforms accounts for approximately 5.6% of Infusive Asset Management Inc.’s holdings, making the stock its 3rd biggest position. Infusive Asset Management Inc.’s holdings in Meta Platforms were worth $12,492,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Ballentine Partners LLC increased its stake in Meta Platforms by 1.4% in the 4th quarter. Ballentine Partners LLC now owns 58,218 shares of the social networking company’s stock valued at $34,087,000 after buying an additional 808 shares during the period. UMB Bank n.a. boosted its position in Meta Platforms by 0.6% during the fourth quarter. UMB Bank n.a. now owns 140,585 shares of the social networking company’s stock valued at $82,314,000 after purchasing an additional 897 shares during the last quarter. Brueske Advisory Services LLC purchased a new position in Meta Platforms in the fourth quarter valued at about $459,000. Apollon Financial LLC raised its stake in shares of Meta Platforms by 11.1% during the 4th quarter. Apollon Financial LLC now owns 1,479 shares of the social networking company’s stock worth $866,000 after purchasing an additional 148 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its holdings in shares of Meta Platforms by 1.7% during the 4th quarter. Fisher Asset Management LLC now owns 6,675,174 shares of the social networking company’s stock valued at $3,908,382,000 after buying an additional 110,040 shares during the last quarter. 79.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Robert W. Baird raised their price objective on shares of Meta Platforms from $680.00 to $750.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Susquehanna raised their target price on Meta Platforms from $675.00 to $800.00 and gave the company a “positive” rating in a report on Thursday, January 30th. KeyCorp lowered their price objective on Meta Platforms from $710.00 to $645.00 and set an “overweight” rating on the stock in a report on Wednesday, April 9th. Tigress Financial restated a “strong-buy” rating on shares of Meta Platforms in a report on Tuesday, February 11th. Finally, Wells Fargo & Company increased their price target on Meta Platforms from $685.00 to $752.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $684.10.

Meta Platforms Trading Down 0.2 %

META opened at $501.48 on Friday. Meta Platforms, Inc. has a fifty-two week low of $414.50 and a fifty-two week high of $740.91. The company has a market cap of $1.27 trillion, a price-to-earnings ratio of 20.96, a price-to-earnings-growth ratio of 1.42 and a beta of 1.28. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.98 and a quick ratio of 2.98. The firm has a 50 day simple moving average of $612.51 and a 200 day simple moving average of $607.32.

Meta Platforms (NASDAQ:META) last released its quarterly earnings data on Wednesday, January 29th. The social networking company reported $8.02 earnings per share for the quarter, topping the consensus estimate of $6.75 by $1.27. Meta Platforms had a net margin of 37.91% and a return on equity of 38.17%. During the same quarter last year, the business posted $5.33 EPS. On average, sell-side analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th were given a dividend of $0.525 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.42%. This is a positive change from Meta Platforms’s previous quarterly dividend of $0.50. Meta Platforms’s dividend payout ratio (DPR) is currently 8.78%.

Insider Activity at Meta Platforms

In other news, CEO Mark Zuckerberg sold 35,921 shares of the stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $626.80, for a total transaction of $22,515,282.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CTO Andrew Bosworth sold 5,060 shares of the firm’s stock in a transaction on Saturday, February 15th. The stock was sold at an average price of $736.67, for a total transaction of $3,727,550.20. Following the sale, the chief technology officer now owns 5,139 shares in the company, valued at approximately $3,785,747.13. The trade was a 49.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 379,901 shares of company stock worth $260,806,516. 13.71% of the stock is owned by company insiders.

About Meta Platforms

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.