Fusion Family Wealth LLC Buys Shares of 641 Meta Platforms, Inc. (NASDAQ:META)

Fusion Family Wealth LLC bought a new stake in Meta Platforms, Inc. (NASDAQ:META) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 641 shares of the social networking company’s stock, valued at approximately $227,000.

Several other large investors also recently bought and sold shares of the company. Stone House Investment Management LLC lifted its position in shares of Meta Platforms by 625.0% in the third quarter. Stone House Investment Management LLC now owns 87 shares of the social networking company’s stock valued at $26,000 after acquiring an additional 75 shares in the last quarter. MBM Wealth Consultants LLC purchased a new stake in shares of Meta Platforms in the fourth quarter valued at $26,000. Stephens Investment Management Group LLC purchased a new position in Meta Platforms during the second quarter worth about $30,000. Beaird Harris Wealth Management LLC lifted its position in Meta Platforms by 68.9% during the third quarter. Beaird Harris Wealth Management LLC now owns 103 shares of the social networking company’s stock worth $31,000 after buying an additional 42 shares during the period. Finally, PayPay Securities Corp lifted its position in Meta Platforms by 65.2% during the third quarter. PayPay Securities Corp now owns 109 shares of the social networking company’s stock worth $33,000 after buying an additional 43 shares during the period. Institutional investors and hedge funds own 79.91% of the company’s stock.

Insider Activity at Meta Platforms

In related news, insider Jennifer Newstead sold 585 shares of the stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $522.00, for a total value of $305,370.00. Following the completion of the transaction, the insider now owns 38,398 shares in the company, valued at approximately $20,043,756. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Meta Platforms news, insider Jennifer Newstead sold 585 shares of the firm’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $522.00, for a total transaction of $305,370.00. Following the completion of the sale, the insider now directly owns 38,398 shares in the company, valued at approximately $20,043,756. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mark Zuckerberg sold 97,093 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $469.67, for a total value of $45,601,669.31. The disclosure for this sale can be found here. Insiders sold 1,460,035 shares of company stock worth $691,937,607 in the last quarter. 13.75% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

META has been the topic of a number of research reports. TD Cowen raised their price objective on Meta Platforms from $415.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Truist Financial increased their target price on Meta Platforms from $405.00 to $525.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Bank of America increased their target price on Meta Platforms from $425.00 to $510.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Roth Mkm restated a “buy” rating and set a $500.00 price objective on shares of Meta Platforms in a report on Monday, March 18th. Finally, Piper Sandler upped their target price on Meta Platforms from $525.00 to $600.00 and gave the company an “overweight” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-eight have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $502.75.

Meta Platforms Trading Down 2.2 %

Shares of Meta Platforms stock opened at $511.90 on Friday. The company has a quick ratio of 2.67, a current ratio of 2.67 and a debt-to-equity ratio of 0.12. The firm has a market cap of $1.31 trillion, a price-to-earnings ratio of 34.36, a price-to-earnings-growth ratio of 1.34 and a beta of 1.20. The business has a fifty day simple moving average of $491.44 and a 200-day simple moving average of $391.91. Meta Platforms, Inc. has a fifty-two week low of $207.13 and a fifty-two week high of $531.49.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings data on Thursday, February 1st. The social networking company reported $5.33 earnings per share for the quarter, beating the consensus estimate of $4.82 by $0.51. The business had revenue of $40.11 billion during the quarter, compared to analyst estimates of $39.12 billion. Meta Platforms had a return on equity of 29.48% and a net margin of 28.98%. The company’s revenue was up 24.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.00 earnings per share. On average, equities analysts forecast that Meta Platforms, Inc. will post 20.03 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Thursday, February 22nd were given a $0.50 dividend. The ex-dividend date was Wednesday, February 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.39%. Meta Platforms’s dividend payout ratio (DPR) is 13.42%.

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.