Meta Platforms, Inc. (NASDAQ:META) is Milestone Resources Group Ltd’s 3rd Largest Position

Milestone Resources Group Ltd increased its position in Meta Platforms, Inc. (NASDAQ:META) by 38.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 560,070 shares of the social networking company’s stock after acquiring an additional 155,197 shares during the period. Meta Platforms makes up about 8.2% of Milestone Resources Group Ltd’s portfolio, making the stock its 3rd biggest holding. Milestone Resources Group Ltd’s holdings in Meta Platforms were worth $198,242,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. WoodTrust Financial Corp lifted its position in Meta Platforms by 1.8% in the fourth quarter. WoodTrust Financial Corp now owns 1,547 shares of the social networking company’s stock valued at $548,000 after purchasing an additional 27 shares during the period. Tennessee Valley Asset Management Partners lifted its position in shares of Meta Platforms by 0.6% during the 4th quarter. Tennessee Valley Asset Management Partners now owns 4,566 shares of the social networking company’s stock valued at $1,616,000 after acquiring an additional 27 shares during the period. Peterson Wealth Advisors LLC lifted its position in shares of Meta Platforms by 1.9% during the 4th quarter. Peterson Wealth Advisors LLC now owns 1,468 shares of the social networking company’s stock valued at $520,000 after acquiring an additional 28 shares during the period. Edge Wealth Management LLC lifted its position in shares of Meta Platforms by 4.0% during the 4th quarter. Edge Wealth Management LLC now owns 730 shares of the social networking company’s stock valued at $258,000 after acquiring an additional 28 shares during the period. Finally, Yarger Wealth Strategies LLC lifted its position in shares of Meta Platforms by 4.0% during the 4th quarter. Yarger Wealth Strategies LLC now owns 736 shares of the social networking company’s stock valued at $260,000 after acquiring an additional 28 shares during the period. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Insiders Place Their Bets

In other Meta Platforms news, insider Jennifer Newstead sold 585 shares of the company’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $522.00, for a total value of $305,370.00. Following the completion of the transaction, the insider now owns 38,398 shares in the company, valued at approximately $20,043,756. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Jennifer Newstead sold 585 shares of the stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $522.00, for a total value of $305,370.00. Following the completion of the transaction, the insider now directly owns 38,398 shares in the company, valued at $20,043,756. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mark Zuckerberg sold 19,681 shares of the stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $393.85, for a total transaction of $7,751,361.85. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,368,244 shares of company stock worth $657,034,449. Insiders own 14.03% of the company’s stock.

Meta Platforms Stock Down 0.5 %

Shares of Meta Platforms stock traded down $2.60 during trading on Wednesday, reaching $493.50. The company had a trading volume of 36,273,029 shares, compared to its average volume of 17,341,254. The company has a market cap of $1.26 trillion, a price-to-earnings ratio of 33.12, a price-to-earnings-growth ratio of 1.23 and a beta of 1.20. The firm’s fifty day moving average is $495.93 and its 200-day moving average is $403.14. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.67 and a current ratio of 2.67. Meta Platforms, Inc. has a fifty-two week low of $207.13 and a fifty-two week high of $531.49.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings data on Thursday, February 1st. The social networking company reported $5.33 earnings per share for the quarter, beating analysts’ consensus estimates of $4.82 by $0.51. Meta Platforms had a net margin of 28.98% and a return on equity of 29.48%. The business had revenue of $40.11 billion during the quarter, compared to the consensus estimate of $39.12 billion. During the same quarter in the prior year, the firm earned $3.00 EPS. The company’s revenue for the quarter was up 24.7% compared to the same quarter last year. On average, analysts anticipate that Meta Platforms, Inc. will post 20.18 EPS for the current year.

Meta Platforms Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Thursday, February 22nd were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.41%. The ex-dividend date of this dividend was Wednesday, February 21st. Meta Platforms’s dividend payout ratio (DPR) is 13.42%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on META. Citigroup lifted their price objective on Meta Platforms from $525.00 to $590.00 and gave the stock a “buy” rating in a research report on Monday, April 15th. Wedbush lifted their price objective on Meta Platforms from $420.00 to $520.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Royal Bank of Canada lifted their price objective on Meta Platforms from $400.00 to $565.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Wolfe Research lifted their target price on shares of Meta Platforms from $430.00 to $530.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Finally, BMO Capital Markets lifted their target price on shares of Meta Platforms from $397.00 to $450.00 and gave the stock a “market perform” rating in a research note on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, thirty-eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $520.28.

Meta Platforms Profile

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.