Meta Platforms, Inc. (NASDAQ:META) is DGS Capital Management LLC’s 7th Largest Position

DGS Capital Management LLC lifted its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 15.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,364 shares of the social networking company’s stock after acquiring an additional 1,681 shares during the quarter. Meta Platforms accounts for about 1.7% of DGS Capital Management LLC’s holdings, making the stock its 7th biggest position. DGS Capital Management LLC’s holdings in Meta Platforms were worth $6,004,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Madison Wealth Partners Inc grew its stake in Meta Platforms by 1.6% in the 4th quarter. Madison Wealth Partners Inc now owns 1,417 shares of the social networking company’s stock valued at $502,000 after acquiring an additional 23 shares during the last quarter. Henrickson Nauta Wealth Advisors Inc. increased its stake in shares of Meta Platforms by 1.9% during the 1st quarter. Henrickson Nauta Wealth Advisors Inc. now owns 1,247 shares of the social networking company’s stock worth $648,000 after purchasing an additional 23 shares in the last quarter. Monterey Private Wealth Inc. raised its position in shares of Meta Platforms by 1.8% during the 1st quarter. Monterey Private Wealth Inc. now owns 1,379 shares of the social networking company’s stock worth $670,000 after purchasing an additional 24 shares during the last quarter. Grandview Asset Management LLC lifted its stake in Meta Platforms by 0.3% in the 1st quarter. Grandview Asset Management LLC now owns 8,549 shares of the social networking company’s stock valued at $4,151,000 after buying an additional 24 shares in the last quarter. Finally, Addison Advisors LLC grew its holdings in Meta Platforms by 3.9% during the 4th quarter. Addison Advisors LLC now owns 670 shares of the social networking company’s stock valued at $237,000 after buying an additional 25 shares during the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Meta Platforms Stock Up 0.5 %

NASDAQ:META opened at $513.12 on Thursday. The stock has a 50-day simple moving average of $479.18 and a 200 day simple moving average of $452.22. Meta Platforms, Inc. has a one year low of $274.38 and a one year high of $531.49. The company has a market capitalization of $1.30 trillion, a price-to-earnings ratio of 29.47, a price-to-earnings-growth ratio of 1.33 and a beta of 1.21. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.68 and a current ratio of 2.68.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings results on Wednesday, April 24th. The social networking company reported $4.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.32 by $0.39. The business had revenue of $36.46 billion for the quarter, compared to analyst estimates of $36.28 billion. Meta Platforms had a return on equity of 32.03% and a net margin of 32.06%. Sell-side analysts predict that Meta Platforms, Inc. will post 20.16 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Investors of record on Friday, June 14th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date was Friday, June 14th. Meta Platforms’s dividend payout ratio is presently 11.49%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. BNP Paribas initiated coverage on Meta Platforms in a research report on Thursday, May 2nd. They issued an “underperform” rating and a $360.00 price objective on the stock. Oppenheimer decreased their price target on shares of Meta Platforms from $585.00 to $500.00 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. Guggenheim cut their price objective on shares of Meta Platforms from $520.00 to $500.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. Jefferies Financial Group reduced their price objective on shares of Meta Platforms from $585.00 to $540.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. Finally, Loop Capital lowered their target price on shares of Meta Platforms from $555.00 to $550.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, thirty-seven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Meta Platforms has a consensus rating of “Moderate Buy” and a consensus price target of $510.05.

Insider Buying and Selling

In other Meta Platforms news, Director Sheryl Sandberg sold 105,000 shares of Meta Platforms stock in a transaction that occurred on Wednesday, May 29th. The stock was 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 $300,466,976.03. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Mark Zuckerberg sold 31,465 shares of Meta Platforms stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $491.49, for a total value of $15,464,732.85. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Sheryl Sandberg sold 105,000 shares of the company’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $476.71, for a total transaction of $50,054,550.00. Following the completion of the transaction, the director now owns 630,293 shares of the company’s stock, valued at approximately $300,466,976.03. The disclosure for this sale can be found here. Insiders have sold a total of 232,607 shares of company stock worth $113,147,760 over the last quarter. 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.