Titan Global Capital Management USA LLC decreased its position in shares of Meta Platforms, Inc. (NASDAQ:META – Free Report) by 26.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,680 shares of the social networking company’s stock after selling 15,772 shares during the period. Meta Platforms comprises 3.4% of Titan Global Capital Management USA LLC’s holdings, making the stock its 14th largest holding. Titan Global Capital Management USA LLC’s holdings in Meta Platforms were worth $21,696,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the company. Delos Wealth Advisors LLC lifted its stake in Meta Platforms by 527.3% in the 1st quarter. Delos Wealth Advisors LLC now owns 69 shares of the social networking company’s stock valued at $34,000 after purchasing an additional 58 shares during the last quarter. Richardson Financial Services Inc. raised its stake in shares of Meta Platforms by 95.6% during the first quarter. Richardson Financial Services Inc. now owns 88 shares of the social networking company’s stock valued at $41,000 after acquiring an additional 43 shares during the last quarter. Quest Partners LLC bought a new position in shares of Meta Platforms during the fourth quarter valued at $32,000. Kathleen S. Wright Associates Inc. bought a new position in shares of Meta Platforms during the first quarter valued at $44,000. Finally, Clear Investment Research LLC raised its stake in shares of Meta Platforms by 411.1% during the fourth quarter. Clear Investment Research LLC now owns 92 shares of the social networking company’s stock valued at $33,000 after acquiring an additional 74 shares during the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.
Insiders Place Their Bets
In related news, insider Jennifer Newstead sold 905 shares of Meta Platforms stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $489.80, for a total value of $443,269.00. Following the transaction, the insider now directly owns 35,130 shares of the company’s stock, valued at $17,206,674. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Jennifer Newstead sold 905 shares of Meta Platforms stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $489.80, for a total value of $443,269.00. Following the sale, the insider now owns 35,130 shares in the company, valued at $17,206,674. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Javier Olivan sold 490 shares of Meta Platforms stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $445.93, for a total transaction of $218,505.70. Following the completion of the sale, the chief operating officer now owns 6,109 shares in the company, valued at approximately $2,724,186.37. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 311,348 shares of company stock valued at $154,678,120. 13.71% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
View Our Latest Report on Meta Platforms
Meta Platforms Price Performance
META traded up $8.45 on Friday, reaching $461.86. The company had a trading volume of 3,855,741 shares, compared to its average volume of 16,124,491. The company has a market cap of $1.17 trillion, a price-to-earnings ratio of 26.58, a P/E/G ratio of 1.19 and a beta of 1.21. Meta Platforms, Inc. has a 52-week low of $274.38 and a 52-week high of $542.81. The business has a 50 day simple moving average of $493.33 and a 200 day simple moving average of $473.80. 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 – Get Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The social networking company reported $4.71 EPS for the quarter, topping the consensus estimate of $4.32 by $0.39. The firm had revenue of $36.46 billion for the quarter, compared to the consensus estimate of $36.28 billion. Meta Platforms had a net margin of 32.06% and a return on equity of 32.03%. As a group, sell-side analysts anticipate that Meta Platforms, Inc. will post 20.23 EPS for the current year.
Meta Platforms Announces Dividend
The firm also recently declared 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 dividend yield of 0.43%. The ex-dividend date of this dividend was Friday, June 14th. Meta Platforms’s dividend payout ratio (DPR) is presently 11.49%.
Meta Platforms Company 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.
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