Tokio Marine Asset Management Co. Ltd. Raises Holdings in Meta Platforms, Inc. (NASDAQ:META)

Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 6.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,263 shares of the social networking company’s stock after buying an additional 3,095 shares during the quarter. Meta Platforms makes up approximately 1.0% of Tokio Marine Asset Management Co. Ltd.’s investment portfolio, making the stock its 25th biggest holding. Tokio Marine Asset Management Co. Ltd.’s holdings in Meta Platforms were worth $18,145,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of META. Stone House Investment Management LLC increased its holdings in Meta Platforms by 625.0% during the third quarter. Stone House Investment Management LLC now owns 87 shares of the social networking company’s stock valued at $26,000 after buying an additional 75 shares during the period. Beaird Harris Wealth Management LLC boosted its stake in Meta Platforms by 68.9% in the third quarter. Beaird Harris Wealth Management LLC now owns 103 shares of the social networking company’s stock valued at $31,000 after acquiring an additional 42 shares in the last quarter. PayPay Securities Corp boosted its stake in Meta Platforms by 65.2% in the third quarter. PayPay Securities Corp now owns 109 shares of the social networking company’s stock valued at $33,000 after acquiring an additional 43 shares in the last quarter. Cranbrook Wealth Management LLC boosted its stake in Meta Platforms by 80.4% in the fourth quarter. Cranbrook Wealth Management LLC now owns 101 shares of the social networking company’s stock valued at $36,000 after acquiring an additional 45 shares in the last quarter. Finally, Gilfoyle & Co LLC acquired a new stake in Meta Platforms in the fourth quarter valued at approximately $39,000. 79.91% of the stock is owned by hedge funds and other institutional investors.

Meta Platforms Price Performance

Shares of META stock traded down $2.60 on Wednesday, reaching $493.50. 36,273,029 shares of the company were exchanged, compared to its average volume of 17,341,254. The company has a market cap of $1.26 trillion, a price-to-earnings ratio of 33.12, a P/E/G ratio of 1.23 and a beta of 1.20. The business has a 50-day moving average price of $495.93 and a 200 day moving average price of $403.14. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.67 and a current ratio of 2.67. Meta Platforms, Inc. has a 1 year low of $207.13 and a 1 year high of $531.49.

Meta Platforms (NASDAQ:META) last released its earnings results on Thursday, February 1st. The social networking company reported $5.33 EPS for the quarter, topping analysts’ consensus estimates of $4.82 by $0.51. The business had revenue of $40.11 billion during the quarter, compared to analysts’ expectations of $39.12 billion. Meta Platforms had a net margin of 28.98% and a return on equity of 29.48%. The company’s quarterly revenue was up 24.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.00 earnings per share. Equities research analysts forecast that Meta Platforms, Inc. will post 20.18 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Thursday, February 22nd were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.41%. Meta Platforms’s dividend payout ratio is currently 13.42%.

Analysts Set New Price Targets

META has been the subject of several recent analyst reports. Susquehanna raised their target price on shares of Meta Platforms from $400.00 to $550.00 and gave the company a “positive” rating in a research note on Friday, February 2nd. Morgan Stanley raised their target price on shares of Meta Platforms from $375.00 to $550.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Evercore ISI raised their target price on shares of Meta Platforms from $425.00 to $550.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Citigroup raised their target price on shares of Meta Platforms from $525.00 to $590.00 and gave the company a “buy” rating in a research note on Monday, April 15th. Finally, Mizuho lifted their price objective on shares of Meta Platforms from $470.00 to $575.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating, thirty-eight have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $520.28.

Insider Transactions at Meta Platforms

In related news, COO Javier Olivan sold 490 shares of the business’s stock in a transaction dated Friday, April 19th. The shares were sold at an average price of $501.18, for a total transaction of $245,578.20. Following the transaction, the chief operating officer now directly owns 7,089 shares in the company, valued at $3,552,865.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Jennifer Newstead sold 585 shares of the business’s stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $498.59, for a total transaction of $291,675.15. Following the transaction, the insider now directly owns 37,813 shares in the company, valued at $18,853,183.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Javier Olivan sold 490 shares of the business’s stock in a transaction dated Friday, April 19th. The stock was sold at an average price of $501.18, for a total transaction of $245,578.20. Following the transaction, the chief operating officer now owns 7,089 shares in the company, valued at $3,552,865.02. The disclosure for this sale can be found here. Insiders sold 1,368,244 shares of company stock valued at $657,034,449 over the last 90 days. Corporate insiders own 14.03% 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.