Meta Platforms, Inc. (NASDAQ:META) Shares Sold by Greenbrier Partners Capital Management LLC

Greenbrier Partners Capital Management LLC decreased its holdings in Meta Platforms, Inc. (NASDAQ:META) by 0.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 404,365 shares of the social networking company’s stock after selling 2,164 shares during the quarter. Meta Platforms makes up 18.1% of Greenbrier Partners Capital Management LLC’s investment portfolio, making the stock its 2nd biggest holding. Greenbrier Partners Capital Management LLC’s holdings in Meta Platforms were worth $196,352,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bessemer Group Inc. boosted its position in Meta Platforms by 3.7% during the first quarter. Bessemer Group Inc. now owns 2,599,962 shares of the social networking company’s stock valued at $1,262,489,000 after acquiring an additional 93,026 shares during the last quarter. Atlanta Consulting Group Advisors LLC bought a new stake in shares of Meta Platforms during the 1st quarter valued at about $213,000. Capitolis Liquid Global Markets LLC grew its stake in Meta Platforms by 267.3% during the first quarter. Capitolis Liquid Global Markets LLC now owns 257,100 shares of the social networking company’s stock worth $124,843,000 after purchasing an additional 187,100 shares during the period. Hilltop Partners LLC increased its holdings in Meta Platforms by 161.1% in the first quarter. Hilltop Partners LLC now owns 2,538 shares of the social networking company’s stock worth $1,232,000 after purchasing an additional 1,566 shares in the last quarter. Finally, Point Break Capital Management LLC acquired a new position in Meta Platforms in the first quarter valued at approximately $2,481,000. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Meta Platforms

In other news, COO Javier Olivan sold 412 shares of the stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $472.70, for a total value of $194,752.40. Following the completion of the transaction, the chief operating officer now owns 15,376 shares of the company’s stock, valued at approximately $7,268,235.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Meta Platforms news, COO Javier Olivan sold 412 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $472.70, for a total value of $194,752.40. Following the sale, the chief operating officer now owns 15,376 shares in the company, valued at $7,268,235.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Sheryl Sandberg sold 105,000 shares of Meta Platforms stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $476.71, for a total transaction of $50,054,550.00. Following the transaction, the director now owns 630,293 shares of the company’s stock, valued at $300,466,976.03. The disclosure for this sale can be found here. In the last three months, insiders have sold 310,933 shares of company stock worth $154,451,206. 13.71% of the stock is currently owned by insiders.

Meta Platforms Trading Down 0.1 %

Shares of Meta Platforms stock traded down $0.66 during trading on Thursday, reaching $460.61. The company’s stock had a trading volume of 9,592,777 shares, compared to its average volume of 16,149,992. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.12. Meta Platforms, Inc. has a 52-week low of $274.38 and a 52-week high of $542.81. The firm’s 50-day moving average is $493.72 and its two-hundred day moving average is $473.94. The company has a market cap of $1.17 trillion, a price-to-earnings ratio of 26.17, a PEG ratio of 1.26 and a beta of 1.21.

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 during the quarter, compared to analyst estimates of $36.28 billion. Meta Platforms had a net margin of 32.06% and a return on equity of 32.03%. On average, sell-side analysts anticipate that Meta Platforms, Inc. will post 20.23 earnings per share for the current year.

Meta Platforms Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Investors of record on Friday, June 14th were paid a $0.50 dividend. The ex-dividend date was Friday, June 14th. This represents a $2.00 annualized dividend and a dividend yield of 0.43%. Meta Platforms’s payout ratio is presently 11.49%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on META. JPMorgan Chase & Co. lowered their price objective on shares of Meta Platforms from $535.00 to $480.00 and set an “overweight” rating for the company in a research note on Thursday, April 25th. TD Cowen increased their price objective on shares of Meta Platforms from $530.00 to $600.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. UBS Group decreased their target price on Meta Platforms from $610.00 to $575.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. Benchmark reiterated a “hold” rating on shares of Meta Platforms in a report on Monday, April 22nd. Finally, JMP Securities restated a “market outperform” rating and set a $550.00 price objective on shares of Meta Platforms in a report on Monday, April 22nd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, thirty-six have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Meta Platforms currently has a consensus rating of “Moderate Buy” and an average price target of $521.48.

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.