Liontrust Investment Partners LLP has $61.72M position in Meta Platforms, Inc. (NASDAQ:META)

Liontrust Investment Partners LLP raised its holdings in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 101.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 122,412 shares of the social networking company’s stock after purchasing an additional 61,709 shares during the quarter. Liontrust Investment Partners LLP’s holdings in Meta Platforms were worth $61,723,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Baird Financial Group Inc. increased its position in Meta Platforms by 24.2% in the 4th quarter. Baird Financial Group Inc. now owns 835,972 shares of the social networking company’s stock valued at $295,901,000 after acquiring an additional 163,067 shares in the last quarter. California State Teachers Retirement System raised its stake in shares of Meta Platforms by 1.5% during the fourth quarter. California State Teachers Retirement System now owns 3,576,285 shares of the social networking company’s stock valued at $1,265,862,000 after purchasing an additional 51,900 shares in the last quarter. Donoghue Forlines LLC boosted its holdings in shares of Meta Platforms by 94.4% in the fourth quarter. Donoghue Forlines LLC now owns 8,349 shares of the social networking company’s stock valued at $2,955,000 after buying an additional 4,054 shares in the last quarter. Voyager Global Management LP raised its position in Meta Platforms by 37.3% in the 4th quarter. Voyager Global Management LP now owns 515,000 shares of the social networking company’s stock worth $182,289,000 after purchasing an additional 140,000 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management UK Ltd. boosted its holdings in Meta Platforms by 400.0% during the 4th quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 2,500 shares of the social networking company’s stock worth $885,000 after buying an additional 2,000 shares in the last quarter. 79.91% of shares are owned by institutional investors.

Analysts set new price targets

Several equities research analysts recently commented on the company. Royal Bank of Canada reissued an “outperform” rating and issued a $570.00 price target on shares of Meta Platforms in a research note on Thursday, August 1st. Loop Capital boosted their price objective on Meta Platforms from $550.00 to $575.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. KeyCorp upped their target price on shares of Meta Platforms from $540.00 to $560.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Susquehanna boosted their target price on shares of Meta Platforms from $550.00 to $600.00 and gave the stock a “positive” rating in a research note on Thursday, August 1st. Finally, Guggenheim raised their price objective on shares of Meta Platforms from $500.00 to $600.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, thirty-three have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Moderate Buy” and a consensus price target of $574.41, based on data from MarketBeat.

Read our latest report on metaplatforms

Price performance of meta platforms

NASDAQ:META opened at $521.12 on Tuesday. The company has a quick ratio of 2.68, a current ratio of 2.83, and a debt-to-equity ratio of 0.12. The firm has a market cap of $1.32 trillion, a price-to-earnings ratio of 29.93, a P/E/G ratio of 1.27 and a beta of 1.21. Meta Platforms, Inc. has a 12-month low of $279.40 and a 12-month high of $544.23. The stock’s 50-day moving average is $503.25, and its two-hundred-day moving average is $491.66.

Meta Platforms (NASDAQ:META – Get Free Report ) last released its quarterly earnings data on Wednesday, July 31st. The social networking company reported $5.16 EPS for the quarter, topping analysts’ consensus estimates of $4.70 by $0.46. The firm had revenue of $39.07 billion during the quarter, compared to analysts’ expectations of $38.26 billion. Meta Platforms had a net margin of 34.34% and a return on equity of 34.16%. The company’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period in the previous year, the business posted earnings per share of $3.23. On average, analysts anticipate that Meta Platforms, Inc. will post 20.5 earnings per share for the current year.

Meta Platforms Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Friday, June 14th were given a dividend of $0.50 per share. The ex-dividend date was Friday, June 14. This represents an annualized dividend of $2.00 and a yield of 0.38%. Meta Platforms’ dividend payout ratio (DPR) is currently 11.49%.

Transactions within meta platforms

In related news, insider Jennifer Newstead sold 901 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $451.15, for a total value of $406,486.15. Following the transaction, the insider now directly owns 33,324 shares in the company, valued at $15,034,122.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Sheryl Sandberg sold 105,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $476.71, for a total value of $50,054,550.00. Following the completion of the transaction, the director now directly owns 630,293 shares in the company, valued at approximately $300,466,976.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available via this link. Also, insider Jennifer Newstead sold 901 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $451.15, for a total transaction of $406,486.15. Following the transaction, the insider now owns 33,324 shares of the company’s stock, valued at $15,034,122.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 434,477 shares of company stock valued at $220,437,187. Company insiders own 13.71% of the company’s shares.

About Meta Platforms

(Free Report)

Meta Platforms, Inc is committed to developing products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets and wearables around the world. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment offers Facebook, which allows people to share, chat, discover and connect with interests; Instagram, a community for sharing photos, videos and private messages, as well as feeds, stories, movies, videos, live and shops; Messenger, a messaging app for people to connect with friends, family, communities and businesses across platforms and devices through text, audio and video calls; and WhatsApp, a messaging app that is used by people and businesses to communicate and transact privately.

See Also

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