Highview Capital Management LLC DE Purchases 226 Shares of Meta Platforms, Inc. (NASDAQ:META)

Highview Capital Management LLC DE increased its position in Meta Platforms, Inc. (NASDAQ:META) by 3.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,971 shares of the social networking company’s stock after acquiring an additional 226 shares during the quarter. Meta Platforms comprises about 1.4% of Highview Capital Management LLC DE’s investment portfolio, making the stock its 20th biggest position. Highview Capital Management LLC DE’s holdings in Meta Platforms were worth $3,418,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Lodestar Private Asset Management LLC increased its position in Meta Platforms by 3.7% during the third quarter. Lodestar Private Asset Management LLC now owns 2,541 shares of the social networking company’s stock worth $1,455,000 after acquiring an additional 90 shares during the period. Better Money Decisions LLC grew its position in Meta Platforms by 93.5% in the 3rd quarter. Better Money Decisions LLC now owns 1,035 shares of the social networking company’s stock worth $593,000 after purchasing an additional 500 shares during the last quarter. Deltec Asset Management LLC increased its holdings in shares of Meta Platforms by 2.0% during the 3rd quarter. Deltec Asset Management LLC now owns 26,078 shares of the social networking company’s stock worth $14,928,000 after purchasing an additional 501 shares during the period. Eagle Strategies LLC increased its holdings in shares of Meta Platforms by 122.4% during the 3rd quarter. Eagle Strategies LLC now owns 2,604 shares of the social networking company’s stock worth $1,490,000 after purchasing an additional 1,433 shares during the period. Finally, Fidelis Capital Partners LLC lifted its stake in shares of Meta Platforms by 3.2% in the third quarter. Fidelis Capital Partners LLC now owns 20,359 shares of the social networking company’s stock valued at $11,476,000 after buying an additional 632 shares during the period. Institutional investors and hedge funds own 79.91% of the company’s stock.

Meta Platforms Stock Performance

Meta Platforms stock opened at $567.16 on Friday. Meta Platforms, Inc. has a 1 year low of $308.33 and a 1 year high of $602.95. The company’s 50-day moving average is $555.99 and its two-hundred day moving average is $513.03. The company has a current ratio of 2.83, a quick ratio of 2.83 and a debt-to-equity ratio of 0.12. The company has a market cap of $1.43 trillion, a PE ratio of 26.72, a PEG ratio of 1.44 and a beta of 1.22.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings data on Wednesday, October 30th. The social networking company reported $6.03 earnings per share 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 36.26%. The business had revenue of $40.59 billion for the quarter, compared to analyst estimates of $40.21 billion. Equities analysts anticipate that Meta Platforms, Inc. will post 21.47 earnings per share for the current year.

Meta Platforms Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Monday, September 16th were given a $0.50 dividend. The ex-dividend date was Monday, September 16th. This represents a $2.00 annualized dividend and a dividend yield of 0.35%. Meta Platforms’s dividend payout ratio is currently 9.42%.

Analyst Ratings Changes

Several equities analysts have commented on META shares. Jefferies Financial Group upped their price target on Meta Platforms from $600.00 to $675.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Loop Capital lifted their price target on shares of Meta Platforms from $550.00 to $575.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. Monness Crespi & Hardt increased their price objective on shares of Meta Platforms from $620.00 to $660.00 and gave the company a “buy” rating in a research note on Thursday. BMO Capital Markets raised their price objective on shares of Meta Platforms from $525.00 to $530.00 and gave the stock a “market perform” rating in a report on Thursday. Finally, Raymond James upped their target price on shares of Meta Platforms from $600.00 to $650.00 and gave the company a “strong-buy” rating in a research note on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Meta Platforms currently has a consensus rating of “Moderate Buy” and a consensus price target of $634.10.

Insider Buying and Selling

In other Meta Platforms news, CEO Mark Zuckerberg sold 84 shares of the stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $600.00, for a total value of $50,400.00. Following the transaction, the chief executive officer now owns 518,424 shares of the company’s stock, valued at approximately $311,054,400. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO Mark Zuckerberg sold 84 shares of Meta Platforms stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $600.00, for a total transaction of $50,400.00. Following the transaction, the chief executive officer now owns 518,424 shares of the company’s stock, valued at $311,054,400. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jennifer Newstead sold 905 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $580.10, for a total transaction of $524,990.50. Following the completion of the sale, the insider now directly owns 31,482 shares of the company’s stock, valued at $18,262,708.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 251,993 shares of company stock valued at $133,271,982 over the last three months. Company insiders own 13.71% of the company’s stock.

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.