Meta Platforms, Inc. (NASDAQ:META) Shares Acquired by Van Lanschot Kempen Investment Management N.V.

Van Lanschot Kempen Investment Management N.V. raised its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 18.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 562,122 shares of the social networking company’s stock after buying an additional 88,926 shares during the period. Meta Platforms accounts for approximately 3.2% of Van Lanschot Kempen Investment Management N.V.’s portfolio, making the stock its 6th biggest holding. Van Lanschot Kempen Investment Management N.V.’s holdings in Meta Platforms were worth $283,433,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in META. S.A. Mason LLC lifted its stake in Meta Platforms by 1.5% in the 1st quarter. S.A. Mason LLC now owns 1,328 shares of the social networking company’s stock valued at $645,000 after acquiring an additional 20 shares in the last quarter. Horizon Bancorp Inc. IN lifted its position in shares of Meta Platforms by 2.0% in the first quarter. Horizon Bancorp Inc. IN now owns 1,057 shares of the social networking company’s stock worth $513,000 after purchasing an additional 21 shares in the last quarter. Northern Capital Management Inc. boosted its holdings in Meta Platforms by 3.4% during the first quarter. Northern Capital Management Inc. now owns 647 shares of the social networking company’s stock worth $314,000 after purchasing an additional 21 shares during the last quarter. Buckingham Capital Management Inc. grew its position in Meta Platforms by 5.1% in the second quarter. Buckingham Capital Management Inc. now owns 433 shares of the social networking company’s stock valued at $218,000 after purchasing an additional 21 shares in the last quarter. Finally, LongView Wealth Management increased its stake in Meta Platforms by 1.3% in the 1st quarter. LongView Wealth Management now owns 1,762 shares of the social networking company’s stock valued at $856,000 after buying an additional 22 shares during the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Insider Transactions at Meta Platforms

In related news, insider Jennifer Newstead sold 905 shares of Meta Platforms stock in a transaction that occurred on Tuesday, July 9th. The shares were sold at an average price of $533.95, for a total transaction of $483,224.75. Following the sale, the insider now directly owns 36,940 shares of the company’s stock, valued at approximately $19,724,113. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Jennifer Newstead sold 905 shares of the firm’s stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $533.95, for a total transaction of $483,224.75. Following the sale, the insider now owns 36,940 shares of the company’s stock, valued at approximately $19,724,113. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Mark Zuckerberg sold 16,702 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $526.94, for a total value of $8,800,951.88. Following the completion of the transaction, the chief executive officer now directly owns 46,292 shares of the company’s stock, valued at approximately $24,393,106.48. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 418,680 shares of company stock valued at $211,992,147. 13.71% of the stock is currently owned by insiders.

Meta Platforms Stock Performance

Shares of NASDAQ:META opened at $528.00 on Friday. Meta Platforms, Inc. has a 1 year low of $276.03 and a 1 year high of $544.23. The stock has a market capitalization of $1.34 trillion, a price-to-earnings ratio of 30.33, a price-to-earnings-growth ratio of 1.27 and a beta of 1.21. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.83 and a quick ratio of 2.68. The company’s 50 day simple moving average is $502.96 and its 200 day simple moving average is $491.15.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings results on Wednesday, July 31st. The social networking company reported $5.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.70 by $0.46. Meta Platforms had a return on equity of 34.16% and a net margin of 34.34%. The company had revenue of $39.07 billion for the quarter, compared to analyst estimates of $38.26 billion. During the same quarter last year, the company posted $3.23 EPS. The company’s revenue for the quarter was up 22.1% compared to the same quarter last year. As a group, research analysts predict that Meta Platforms, Inc. will post 20.5 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Friday, June 14th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.38%. The ex-dividend date was Friday, June 14th. Meta Platforms’s payout ratio is 11.49%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on META. Susquehanna raised their price objective on Meta Platforms from $550.00 to $600.00 and gave the company a “positive” rating in a report on Thursday, August 1st. Morgan Stanley boosted their price target on Meta Platforms from $550.00 to $575.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Robert W. Baird increased their price objective on Meta Platforms from $500.00 to $530.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Royal Bank of Canada restated an “outperform” rating and set a $570.00 target price on shares of Meta Platforms in a report on Thursday, August 1st. Finally, UBS Group increased their price target on shares of Meta Platforms from $630.00 to $635.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Two analysts have rated the stock with a sell rating, two have given a hold rating, thirty-three have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $574.41.

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.