Strategy Capital LLC Has $122.41 Million Stake in Meta Platforms, Inc. $META

Strategy Capital LLC reduced its stake in Meta Platforms by 24.9% in Q2, owning 165,849 shares worth $122.41 million. Institutional investors hold 79.91% of Meta's stock. Analysts have mixed ratings, with a consensus "Moderate Buy" and an average price target of $819.43. Recent insider sales include Director Robert M. Kimmitt and COO Javier Olivan. Meta's stock rose 3.4% recently.

Strategy Capital LLC decreased its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 24.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 165,849 shares of the social networking company's stock after selling 54,896 shares during the period. Meta Platforms makes up 8.2% of Strategy Capital LLC's holdings, making the stock its 5th biggest position. Strategy Capital LLC's holdings in Meta Platforms were worth $122,411,000 at the end of the most recent quarter.

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Several other institutional investors and hedge funds have also bought and sold shares of META. Brighton Jones LLC raised its holdings in shares of Meta Platforms by 1.7% during the 4th quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock worth $20,230,000 after buying an additional 570 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in Meta Platforms by 10.2% in the fourth quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company's stock valued at $5,537,000 after acquiring an additional 875 shares during the last quarter. Smart Money Group LLC lifted its stake in Meta Platforms by 20.4% in the first quarter. Smart Money Group LLC now owns 2,052 shares of the social networking company's stock valued at $1,182,000 after buying an additional 348 shares during the period. Aspire Growth Partners LLC boosted its holdings in Meta Platforms by 7.3% in the first quarter. Aspire Growth Partners LLC now owns 662 shares of the social networking company's stock worth $395,000 after acquiring an additional 45 shares in the last quarter. Finally, Waddell & Associates LLC raised its stake in shares of Meta Platforms by 5.0% in the first quarter. Waddell & Associates LLC now owns 2,508 shares of the social networking company's stock worth $1,446,000 after purchasing an additional 119 shares during the last quarter. Institutional investors own 79.91% of the company's stock.

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Analyst Upgrades and Downgrades

Several research firms recently weighed in on META. KeyCorp reduced their price target on shares of Meta Platforms from $905.00 to $875.00 and set an "overweight" rating for the company in a research report on Thursday, October 30th. Arete upgraded shares of Meta Platforms from a "neutral" rating to a "buy" rating and set a $718.00 target price for the company in a research note on Thursday. Stifel Nicolaus cut their target price on Meta Platforms from $900.00 to $875.00 and set a "buy" rating for the company in a research note on Thursday, October 30th. Bank of America reduced their target price on Meta Platforms from $900.00 to $810.00 and set a "buy" rating for the company in a report on Thursday, October 30th. Finally, Wedbush reiterated an "outperform" rating and set a $920.00 price target on shares of Meta Platforms in a research report on Thursday, October 30th. Five investment analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat, Meta Platforms presently has a consensus rating of "Moderate Buy" and an average price target of $819.43.

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Insider Activity

In related news, Director Robert M. Kimmitt sold 600 shares of the company's stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $609.35, for a total value of $365,610.00. Following the sale, the director owned 7,347 shares in the company, valued at $4,476,894.45. This represents a 7.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Javier Olivan sold 2,610 shares of the firm's stock in a transaction that occurred on Saturday, November 15th. The shares were sold at an average price of $609.46, for a total value of $1,590,690.60. Following the transaction, the chief operating officer directly owned 9,784 shares of the company's stock, valued at approximately $5,962,956.64. This trade represents a 21.06% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 41,959 shares of company stock valued at $26,671,107. 13.61% of the stock is currently owned by insiders.

Meta Platforms Stock Up 3.4%

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Shares of Meta Platforms stock opened at $661.53 on Friday. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.15. Meta Platforms, Inc. has a 12-month low of $479.80 and a 12-month high of $796.25. The company's fifty day simple moving average is $674.56 and its two-hundred day simple moving average is $705.81. The company has a market cap of $1.67 trillion, a P/E ratio of 29.22, a PEG ratio of 1.34 and a beta of 1.28.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its 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. The firm had revenue of $51.24 billion for the quarter, compared to the consensus estimate of $49.34 billion. Meta Platforms had a return on equity of 39.35% and a net margin of 30.89%.The business's revenue for the quarter was up 26.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $6.03 EPS. Research analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Shareholders of record on Monday, December 15th will be paid a dividend of $0.525 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. Meta Platforms's dividend payout ratio (DPR) is currently 9.28%.

Meta Platforms Profile

(Free Report)

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.

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