Sava Infond d.o.o. Invests $21.13 Million in Meta Platforms, Inc. (NASDAQ:META)

Sava Infond d.o.o. purchased a new stake in Meta Platforms, Inc. (NASDAQ:META) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 36,090 shares of the social networking company’s stock, valued at approximately $21,131,000. Meta Platforms makes up approximately 3.7% of Sava Infond d.o.o.’s investment portfolio, making the stock its 9th largest holding.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. JDM Financial Group LLC bought a new position in Meta Platforms in the third quarter valued at about $30,000. Safe Harbor Fiduciary LLC acquired a new position in shares of Meta Platforms in the third quarter valued at approximately $36,000. Millstone Evans Group LLC acquired a new position in shares of Meta Platforms in the fourth quarter valued at approximately $40,000. Avondale Wealth Management bought a new position in Meta Platforms in the 4th quarter valued at approximately $41,000. Finally, Cordant Inc. acquired a new stake in Meta Platforms during the 4th quarter worth approximately $59,000. 79.91% of the stock is owned by institutional investors.

Meta Platforms Stock Performance

Shares of META opened at $602.58 on Friday. The stock has a 50 day moving average of $655.95 and a 200 day moving average of $607.98. The company has a market capitalization of $1.53 trillion, a price-to-earnings ratio of 25.19, a PEG ratio of 1.42 and a beta of 1.23. Meta Platforms, Inc. has a 12 month low of $414.50 and a 12 month high of $740.91. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.16.

Meta Platforms (NASDAQ:META) last announced its earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.75 by $1.27. Meta Platforms had a return on equity of 38.17% and a net margin of 37.91%. During the same quarter last year, the firm posted $5.33 earnings per share. As a group, sell-side analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th were paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 0.35%. This is a boost from Meta Platforms’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Friday, March 14th. Meta Platforms’s payout ratio is presently 8.78%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on META shares. The Goldman Sachs Group raised their price target on shares of Meta Platforms from $688.00 to $765.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Bank of America lifted their target price on Meta Platforms from $710.00 to $765.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Barclays increased their price target on Meta Platforms from $630.00 to $705.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. UBS Group lifted their price objective on Meta Platforms from $736.00 to $786.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Finally, Wedbush reissued an “outperform” rating and set a $770.00 target price (up previously from $700.00) on shares of Meta Platforms in a research report on Thursday, January 30th. Two equities research 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $718.31.

Insider Activity

In related news, COO Javier Olivan sold 4,706 shares of the company’s stock in a transaction that occurred on Saturday, February 15th. The stock was sold at an average price of $736.67, for a total value of $3,466,769.02. Following the transaction, the chief operating officer now owns 20,935 shares in the company, valued at approximately $15,422,186.45. This represents a 18.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mark Zuckerberg sold 55,589 shares of the firm’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $717.72, for a total value of $39,897,337.08. The disclosure for this sale can be found here. Insiders sold 584,823 shares of company stock valued at $386,274,777 in the last three months. Company insiders own 13.71% of the company’s stock.

Meta Platforms Company 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.