BostonPremier Wealth LLC Makes New $231,000 Investment in Meta Platforms, Inc. (NASDAQ:META)

BostonPremier Wealth LLC purchased a new position in Meta Platforms, Inc. (NASDAQ:META) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 394 shares of the social networking company’s stock, valued at approximately $231,000.

Several other large investors also recently modified their holdings of the business. AMF Tjanstepension AB raised its holdings in shares of Meta Platforms by 32.5% during the third quarter. AMF Tjanstepension AB now owns 457,092 shares of the social networking company’s stock worth $261,680,000 after acquiring an additional 112,047 shares during the period. Howard Capital Management Group LLC lifted its stake in Meta Platforms by 17.9% in the 3rd quarter. Howard Capital Management Group LLC now owns 1,652 shares of the social networking company’s stock valued at $946,000 after acquiring an additional 251 shares in the last quarter. V Square Quantitative Management LLC lifted its stake in Meta Platforms by 72.2% in the 3rd quarter. V Square Quantitative Management LLC now owns 7,228 shares of the social networking company’s stock valued at $4,138,000 after acquiring an additional 3,031 shares in the last quarter. ERTS Wealth Advisors LLC lifted its stake in Meta Platforms by 1.1% in the 3rd quarter. ERTS Wealth Advisors LLC now owns 1,743 shares of the social networking company’s stock valued at $998,000 after acquiring an additional 19 shares in the last quarter. Finally, Fusion Family Wealth LLC lifted its stake in Meta Platforms by 16.8% in the 3rd quarter. Fusion Family Wealth LLC now owns 749 shares of the social networking company’s stock valued at $429,000 after acquiring an additional 108 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

META has been the topic of several research reports. Sanford C. Bernstein boosted their target price on Meta Platforms from $600.00 to $675.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Royal Bank of Canada increased their price objective on shares of Meta Platforms from $700.00 to $800.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Hsbc Global Res upgraded shares of Meta Platforms to a “hold” rating in a research note on Thursday, October 24th. Morgan Stanley increased their price objective on shares of Meta Platforms from $600.00 to $660.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Finally, Tigress Financial increased their price objective on shares of Meta Platforms from $645.00 to $935.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, February 11th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, thirty-five have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Meta Platforms presently has an average rating of “Moderate Buy” and an average price target of $717.90.

Meta Platforms Trading Up 1.1 %

Shares of Meta Platforms stock opened at $736.67 on Monday. Meta Platforms, Inc. has a 1 year low of $414.50 and a 1 year high of $740.91. The company has a market cap of $1.87 trillion, a price-to-earnings ratio of 30.80, a PEG ratio of 1.46 and a beta of 1.20. The company’s fifty day simple moving average is $638.73 and its 200-day simple moving average is $584.28. 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 posted its quarterly earnings data on Wednesday, January 29th. The social networking company reported $8.02 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 period last year, the company earned $5.33 EPS. As a group, sell-side analysts expect that Meta Platforms, Inc. will post 26.66 EPS for the current year.

Meta Platforms Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.525 per share. This is an increase from Meta Platforms’s previous quarterly dividend of $0.50. This represents a $2.10 annualized dividend and a yield of 0.29%. The ex-dividend date of this dividend is Friday, March 14th. Meta Platforms’s dividend payout ratio (DPR) is 8.36%.

Insider Buying and Selling at Meta Platforms

In related news, COO Javier Olivan sold 413 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $562.77, for a total transaction of $232,424.01. Following the transaction, the chief operating officer now directly owns 19,579 shares of the company’s stock, valued at approximately $11,018,473.83. This trade represents a 2.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jennifer Newstead sold 905 shares of Meta Platforms stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $565.30, for a total value of $511,596.50. Following the completion of the transaction, the insider now owns 37,790 shares in the company, valued at approximately $21,362,687. The trade was a 2.34 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 751,033 shares of company stock worth $480,911,671. Insiders own 13.71% 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.