Jackson Square Capital LLC Raises Stock Holdings in Meta Platforms, Inc. (NASDAQ:META)

Jackson Square Capital LLC increased its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 47.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,851 shares of the social networking company’s stock after purchasing an additional 595 shares during the quarter. Jackson Square Capital LLC’s holdings in Meta Platforms were worth $1,084,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. JDM Financial Group LLC purchased a new position in shares of Meta Platforms during the 3rd quarter worth $30,000. Safe Harbor Fiduciary LLC purchased a new position in Meta Platforms during the third quarter worth about $36,000. Avondale Wealth Management purchased a new position in Meta Platforms during the fourth quarter worth about $41,000. Halpern Financial Inc. acquired a new stake in Meta Platforms in the 3rd quarter worth about $46,000. Finally, West Financial Advisors LLC purchased a new stake in Meta Platforms in the 3rd quarter valued at about $49,000. Institutional investors and hedge funds own 79.91% of the company’s stock.

Insider Buying and Selling

In other news, CAO Aaron Anderson sold 731 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $557.00, for a total transaction of $407,167.00. Following the completion of the transaction, the chief accounting officer now directly owns 3,414 shares in the company, valued at approximately $1,901,598. The trade was a 17.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CTO Andrew Bosworth sold 5,057 shares of Meta Platforms stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $577.16, for a total transaction of $2,918,698.12. Following the sale, the chief technology officer now owns 8,565 shares in the company, valued at approximately $4,943,375.40. This represents a 37.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 495,269 shares of company stock valued at $300,888,396. Insiders own 13.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on META shares. Cantor Fitzgerald reissued an “overweight” rating and issued a $670.00 target price on shares of Meta Platforms in a research report on Wednesday, October 16th. Susquehanna lifted their price target on shares of Meta Platforms from $600.00 to $675.00 and gave the company a “positive” rating in a report on Thursday, October 31st. JPMorgan Chase & Co. upped their price objective on Meta Platforms from $660.00 to $725.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. BMO Capital Markets lifted their target price on Meta Platforms from $525.00 to $530.00 and gave the company a “market perform” rating in a report on Thursday, October 31st. Finally, Jefferies Financial Group upped their price target on Meta Platforms from $675.00 to $715.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $650.05.

Meta Platforms Stock Performance

Meta Platforms stock opened at $612.77 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.73 and a quick ratio of 2.73. Meta Platforms, Inc. has a 12 month low of $370.95 and a 12 month high of $638.40. The company has a fifty day moving average price of $597.37 and a two-hundred day moving average price of $557.77. The company has a market cap of $1.55 trillion, a PE ratio of 28.86, a P/E/G ratio of 1.22 and a beta of 1.19.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings results on Wednesday, October 30th. The social networking company reported $6.03 EPS for the quarter, beating the consensus estimate of $5.19 by $0.84. The business had revenue of $40.59 billion during the quarter, compared to analyst estimates of $40.21 billion. Meta Platforms had a net margin of 35.55% and a return on equity of 35.60%. Research analysts expect that Meta Platforms, Inc. will post 22.68 earnings per share for the current year.

Meta Platforms Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date was Monday, December 16th. Meta Platforms’s payout ratio is 9.42%.

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.