Fusion Family Wealth LLC Acquires 75 Shares of Meta Platforms, Inc. (NASDAQ:META)

Fusion Family Wealth LLC grew its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 10.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 824 shares of the social networking company’s stock after purchasing an additional 75 shares during the quarter. Meta Platforms comprises approximately 0.0% of Fusion Family Wealth LLC’s portfolio, making the stock its 29th biggest holding. Fusion Family Wealth LLC’s holdings in Meta Platforms were worth $483,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in META. Cassia Capital Partners LLC increased its position in shares of Meta Platforms by 17.0% during the 4th quarter. Cassia Capital Partners LLC now owns 1,946 shares of the social networking company’s stock valued at $1,139,000 after purchasing an additional 283 shares during the last quarter. 1858 Wealth Management LLC increased its stake in shares of Meta Platforms by 2.9% in the 4th quarter. 1858 Wealth Management LLC now owns 7,296 shares of the social networking company’s stock worth $4,272,000 after acquiring an additional 208 shares in the last quarter. Redwood Wealth Management Group LLC increased its holdings in shares of Meta Platforms by 16.5% during the fourth quarter. Redwood Wealth Management Group LLC now owns 2,248 shares of the social networking company’s stock valued at $1,315,000 after acquiring an additional 318 shares in the last quarter. Ninety One UK Ltd raised its position in shares of Meta Platforms by 5.2% in the 4th quarter. Ninety One UK Ltd now owns 242,720 shares of the social networking company’s stock worth $142,115,000 after purchasing an additional 11,894 shares during the last quarter. Finally, RFG Holdings Inc. boosted its stake in Meta Platforms by 17.4% in the 4th quarter. RFG Holdings Inc. now owns 2,127 shares of the social networking company’s stock worth $1,246,000 after purchasing an additional 316 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors.

Meta Platforms Stock Performance

META stock opened at $714.52 on Monday. The stock has a market cap of $1.81 trillion, a P/E ratio of 29.87, a P/E/G ratio of 1.46 and a beta of 1.20. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.98 and a current ratio of 2.98. The firm has a 50 day simple moving average of $627.23 and a 200 day simple moving average of $575.09. Meta Platforms, Inc. has a 52 week low of $414.50 and a 52 week high of $725.01.

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, topping analysts’ consensus estimates 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 in the previous year, the company earned $5.33 earnings per share. Research analysts anticipate that Meta Platforms, Inc. will post 26.66 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were issued a $0.50 dividend. The ex-dividend date was Monday, December 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.28%. Meta Platforms’s payout ratio is presently 8.36%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Needham & Company LLC reissued an “underperform” rating on shares of Meta Platforms in a research report on Monday, January 27th. Wedbush reissued an “outperform” rating and issued a $770.00 target price (up previously from $700.00) on shares of Meta Platforms in a report on Thursday, January 30th. Robert W. Baird upped their price target on Meta Platforms from $680.00 to $750.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. JMP Securities reaffirmed a “market outperform” rating and set a $750.00 price objective on shares of Meta Platforms in a research report on Monday, January 27th. Finally, Roth Mkm boosted their target price on Meta Platforms from $620.00 to $635.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-five have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Meta Platforms currently has a consensus rating of “Moderate Buy” and an average target price of $710.83.

Insider Buying and Selling

In related news, CTO Andrew Bosworth sold 5,057 shares of Meta Platforms stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $577.16, for a total transaction of $2,918,698.12. Following the transaction, the chief technology officer now owns 8,565 shares of the company’s stock, valued at $4,943,375.40. This trade represents a 37.12 % 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, CEO Mark Zuckerberg sold 12,975 shares of the firm’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $706.72, for a total value of $9,169,692.00. Following the sale, the chief executive officer now directly owns 172,046 shares in the company, valued at $121,588,349.12. The trade was a 7.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 701,146 shares of company stock worth $435,387,895 in the last 90 days. 13.71% of the stock is owned by company insiders.

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.