Meta Platforms, Inc. (NASDAQ:META) is Janus Henderson Group PLC’s 5th Largest Position

Janus Henderson Group PLC trimmed its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 8.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,763,318 shares of the social networking company’s stock after selling 949,243 shares during the quarter. Meta Platforms makes up approximately 2.9% of Janus Henderson Group PLC’s investment portfolio, making the stock its 5th largest position. Janus Henderson Group PLC owned approximately 0.39% of Meta Platforms worth $5,588,800,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in META. POM Investment Strategies LLC purchased a new position in Meta Platforms during the second quarter worth about $38,000. Ruedi Wealth Management Inc. boosted its holdings in shares of Meta Platforms by 122.2% in the 2nd quarter. Ruedi Wealth Management Inc. now owns 80 shares of the social networking company’s stock valued at $40,000 after buying an additional 44 shares during the period. Halpern Financial Inc. acquired a new position in Meta Platforms during the 3rd quarter worth $46,000. West Financial Advisors LLC bought a new stake in Meta Platforms during the third quarter worth approximately $49,000. Finally, NewSquare Capital LLC grew its stake in Meta Platforms by 221.9% during the 2nd quarter. NewSquare Capital LLC now owns 103 shares of the social networking company’s stock valued at $52,000 after acquiring an additional 71 shares in the last quarter. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Meta Platforms

In related news, CAO Aaron Anderson sold 731 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $557.00, for a total value of $407,167.00. Following the completion of the sale, the chief accounting officer now directly owns 3,414 shares in the company, valued at $1,901,598. This trade represents a 17.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Javier Olivan sold 413 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $522.00, for a total transaction of $215,586.00. Following the sale, the chief operating officer now directly owns 13,598 shares of the company’s stock, valued at $7,098,156. The trade was a 2.95 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 105,334 shares of company stock valued at $59,210,941. 13.71% of the stock is owned by corporate insiders.

Meta Platforms Trading Up 3.2 %

Meta Platforms stock opened at $592.83 on Tuesday. The firm has a market capitalization of $1.50 trillion, a price-to-earnings ratio of 27.92, a P/E/G ratio of 1.27 and a beta of 1.20. The company has a 50 day moving average price of $575.21 and a 200 day moving average price of $528.08. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.73 and a current ratio of 2.73. Meta Platforms, Inc. has a 52 week low of $313.66 and a 52 week high of $602.95.

Meta Platforms (NASDAQ:META) last issued its earnings results on Wednesday, October 30th. The social networking company reported $6.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.19 by $0.84. Meta Platforms had a net margin of 35.55% and a return on equity of 35.60%. The company had revenue of $40.59 billion for the quarter, compared to analyst estimates of $40.21 billion. Research analysts forecast that Meta Platforms, Inc. will post 22.62 EPS for the current year.

Meta Platforms Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Monday, September 16th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $2.00 annualized dividend and a dividend yield of 0.34%. Meta Platforms’s payout ratio is 9.42%.

Analysts Set New Price Targets

A number of research firms recently commented on META. Needham & Company LLC restated an “underperform” rating on shares of Meta Platforms in a research report on Thursday, October 31st. Loop Capital increased their target price on Meta Platforms from $550.00 to $575.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. Sanford C. Bernstein raised their price target on shares of Meta Platforms from $600.00 to $675.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Hsbc Global Res upgraded Meta Platforms to a “hold” rating in a research note on Thursday, October 24th. Finally, Jefferies Financial Group upped their price target on shares of Meta Platforms from $600.00 to $675.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Meta Platforms presently has an average rating of “Moderate Buy” and a consensus price target of $634.71.

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.