Three Seasons Wealth LLC Makes New $725,000 Investment in Meta Platforms, Inc. (NASDAQ:META)

Three Seasons Wealth LLC purchased a new position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,239 shares of the social networking company's stock, valued at approximately $725,000.

Other large investors have also recently added to or reduced their stakes in the company. Howard Capital Management Group LLC lifted its holdings 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 worth $946,000 after purchasing an additional 251 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Meta Platforms by 6.5% in the third quarter. Principal Financial Group Inc. now owns 3,368,361 shares of the social networking company's stock worth $1,928,185,000 after buying an additional 204,412 shares during the last quarter. SOA Wealth Advisors LLC. boosted its holdings in shares of Meta Platforms by 9.1% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 3,219 shares of the social networking company's stock worth $1,842,000 after buying an additional 269 shares during the period. Aldebaran Financial Inc. raised its holdings in Meta Platforms by 10.2% in the 3rd quarter. Aldebaran Financial Inc. now owns 2,853 shares of the social networking company's stock worth $1,633,000 after acquiring an additional 264 shares during the period. Finally, Te Ahumairangi Investment Management Ltd raised its holdings in Meta Platforms by 9.5% in the 3rd quarter. Te Ahumairangi Investment Management Ltd now owns 17,048 shares of the social networking company's stock worth $9,704,000 after acquiring an additional 1,480 shares during the period. Institutional investors and hedge funds own 79.91% of the company's stock.

Insider Activity at Meta Platforms

In other Meta Platforms news, CEO Mark Zuckerberg sold 55,589 shares of Meta Platforms stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $717.72, for a total transaction of $39,897,337.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CTO Andrew Bosworth sold 5,060 shares of the stock in a transaction dated Saturday, February 15th. The stock was sold at an average price of $736.67, for a total value of $3,727,550.20. Following the completion of the sale, the chief technology officer now owns 5,139 shares of the company's stock, valued at $3,785,747.13. This trade represents a 49.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 285,289 shares of company stock worth $200,201,352 in the last ninety days. Company insiders own 13.71% of the company's stock.

Meta Platforms Trading Up 0.5 %

Shares of META traded up $2.47 on Monday, reaching $549.74. 15,128,790 shares of the company's stock were exchanged, compared to its average volume of 14,377,404. Meta Platforms, Inc. has a 12 month low of $427.11 and a 12 month high of $740.91. The stock has a market capitalization of $1.39 trillion, a P/E ratio of 22.98, a price-to-earnings-growth ratio of 1.42 and a beta of 1.28. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.16. The business has a 50 day moving average price of $587.00 and a two-hundred day moving average price of $604.68.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share for the quarter, beating 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 in the prior year, the company posted $5.33 EPS. Research analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th were paid a $0.525 dividend. The ex-dividend date of this dividend was Friday, March 14th. This is a boost from Meta Platforms's previous quarterly dividend of $0.50. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.38%. Meta Platforms's dividend payout ratio is 8.78%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on META shares. Tigress Financial reaffirmed a "strong-buy" rating on shares of Meta Platforms in a research report on Tuesday, February 11th. Stifel Nicolaus lowered their target price on Meta Platforms from $740.00 to $628.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. DA Davidson cut their price target on Meta Platforms from $800.00 to $650.00 and set a "buy" rating for the company in a report on Monday, April 14th. Royal Bank of Canada raised 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. Finally, Piper Sandler cut their target price on shares of Meta Platforms from $775.00 to $610.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. 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's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $681.95.

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.