Relyea Zuckerberg Hanson LLC Buys 370 Shares of Meta Platforms, Inc. (NASDAQ:META)

Relyea Zuckerberg Hanson LLC lifted its holdings in Meta Platforms, Inc. (NASDAQ:META) by 8.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,630 shares of the social networking company’s stock after buying an additional 370 shares during the quarter. Relyea Zuckerberg Hanson LLC’s holdings in Meta Platforms were worth $1,639,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Constant Guidance Financial LLC purchased a new stake in shares of Meta Platforms in the 4th quarter worth about $1,500,000. AMS Capital Ltda grew its position in shares of Meta Platforms by 37.4% in the 4th quarter. AMS Capital Ltda now owns 26,624 shares of the social networking company’s stock worth $9,424,000 after buying an additional 7,249 shares during the period. Inscription Capital LLC grew its position in shares of Meta Platforms by 33.3% in the 4th quarter. Inscription Capital LLC now owns 3,923 shares of the social networking company’s stock worth $1,389,000 after buying an additional 979 shares during the period. McGlone Suttner Wealth Management Inc. grew its position in shares of Meta Platforms by 7.9% in the 4th quarter. McGlone Suttner Wealth Management Inc. now owns 3,142 shares of the social networking company’s stock worth $1,112,000 after buying an additional 229 shares during the period. Finally, Brave Asset Management Inc. grew its position in shares of Meta Platforms by 4.7% in the 4th quarter. Brave Asset Management Inc. now owns 953 shares of the social networking company’s stock worth $337,000 after buying an additional 43 shares during the period. 79.91% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, COO Javier Olivan sold 490 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $488.03, for a total transaction of $239,134.70. Following the completion of the sale, the chief operating officer now directly owns 79,944 shares of the company’s stock, valued at approximately $39,015,070.32. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO Mark Zuckerberg sold 31,493 shares of the firm’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $492.14, for a total value of $15,498,965.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Javier Olivan sold 490 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $488.03, for a total transaction of $239,134.70. Following the completion of the transaction, the chief operating officer now directly owns 79,944 shares of the company’s stock, valued at $39,015,070.32. The disclosure for this sale can be found here. Insiders sold a total of 1,504,435 shares of company stock valued at $703,629,367 in the last three months. 13.75% of the stock is currently owned by corporate insiders.

Meta Platforms Price Performance

META traded down $8.28 during trading on Friday, reaching $485.58. 15,212,764 shares of the company traded hands, compared to its average volume of 14,086,339. 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 12-month low of $202.54 and a 12-month high of $523.57. The firm has a fifty day simple moving average of $467.03 and a 200 day simple moving average of $376.07. The company has a market cap of $1.24 trillion, a P/E ratio of 32.59, a PEG ratio of 1.27 and a beta of 1.21.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings data on Thursday, February 1st. The social networking company reported $5.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.82 by $0.51. Meta Platforms had a net margin of 28.98% and a return on equity of 29.48%. The business had revenue of $40.11 billion during the quarter, compared to analyst estimates of $39.12 billion. During the same period last year, the firm posted $3.00 EPS. The company’s revenue was up 24.7% on a year-over-year basis. On average, equities analysts forecast that Meta Platforms, Inc. will post 19.94 EPS for the current year.

Meta Platforms Dividend Announcement

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

Analysts Set New Price Targets

META has been the topic of several recent analyst reports. Stifel Nicolaus increased their price objective on shares of Meta Platforms from $405.00 to $527.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Bank of America increased their price objective on shares of Meta Platforms from $425.00 to $510.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Wedbush increased their price objective on shares of Meta Platforms from $420.00 to $520.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Barclays increased their price objective on shares of Meta Platforms from $400.00 to $550.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Finally, Mizuho increased their price objective on shares of Meta Platforms from $470.00 to $575.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-nine have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $496.35.

Meta Platforms 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.