S.E.E.D. Planning Group LLC Has $11.60 Million Stake in Meta Platforms, Inc. (NASDAQ:META)

S.E.E.D. Planning Group LLC increased its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 7.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 19,804 shares of the social networking company’s stock after purchasing an additional 1,425 shares during the quarter. Meta Platforms accounts for about 3.9% of S.E.E.D. Planning Group LLC’s holdings, making the stock its 4th biggest position. S.E.E.D. Planning Group LLC’s holdings in Meta Platforms were worth $11,596,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of META. First Community Trust NA raised its holdings in Meta Platforms by 0.6% in the 4th quarter. First Community Trust NA now owns 7,970 shares of the social networking company’s stock valued at $4,667,000 after acquiring an additional 48 shares in the last quarter. Clarus Wealth Advisors grew its holdings in shares of Meta Platforms by 14.3% during the 4th quarter. Clarus Wealth Advisors now owns 1,813 shares of the social networking company’s stock worth $1,103,000 after purchasing an additional 227 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Meta Platforms by 241.7% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 7,640 shares of the social networking company’s stock worth $4,473,000 after purchasing an additional 5,404 shares during the period. Park Avenue Securities LLC lifted its position in Meta Platforms by 23.4% during the fourth quarter. Park Avenue Securities LLC now owns 79,419 shares of the social networking company’s stock worth $46,501,000 after purchasing an additional 15,067 shares during the period. Finally, Kathmere Capital Management LLC lifted its position in Meta Platforms by 15.6% during the fourth quarter. Kathmere Capital Management LLC now owns 3,808 shares of the social networking company’s stock worth $2,230,000 after purchasing an additional 515 shares during the period. Institutional investors and hedge funds own 79.91% of the company’s stock.

Meta Platforms Price Performance

Meta Platforms stock opened at $617.12 on Thursday. The stock has a market capitalization of $1.56 trillion, a price-to-earnings ratio of 29.07, a PEG ratio of 1.36 and a beta of 1.19. Meta Platforms, Inc. has a 52-week low of $358.61 and a 52-week high of $638.40. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.73 and a current ratio of 2.73. The stock’s 50 day moving average price is $595.02 and its two-hundred day moving average price is $554.81.

Meta Platforms (NASDAQ:META) last released its earnings results on Wednesday, October 30th. The social networking company reported $6.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.19 by $0.84. The company had revenue of $40.59 billion for the quarter, compared to the consensus estimate of $40.21 billion. Meta Platforms had a net margin of 35.55% and a return on equity of 35.60%. On average, equities analysts predict that Meta Platforms, Inc. will post 22.68 earnings per share for the current year.

Meta Platforms Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were paid a $0.50 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.00 annualized dividend and a dividend yield of 0.32%. Meta Platforms’s dividend payout ratio is presently 9.42%.

Insider Activity at Meta Platforms

In related news, CEO Mark Zuckerberg sold 35,921 shares of Meta Platforms stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $633.25, for a total value of $22,746,973.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Javier Olivan sold 413 shares of the company’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $580.65, for a total transaction of $239,808.45. Following the transaction, the chief operating officer now owns 11,120 shares in the company, valued at approximately $6,456,828. The trade was a 3.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 495,682 shares of company stock valued at $301,101,199 in the last three months. Corporate insiders own 13.71% of the company’s stock.

Analyst Ratings Changes

META has been the topic of several recent analyst reports. Guggenheim raised their target price on shares of Meta Platforms from $600.00 to $665.00 and gave the company a “buy” rating in a report on Monday, October 7th. Jefferies Financial Group boosted their price objective on shares of Meta Platforms from $675.00 to $715.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Citigroup raised their target price on Meta Platforms from $645.00 to $705.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Wedbush upped their price objective on Meta Platforms from $640.00 to $680.00 and gave the stock an “outperform” rating in a research report on Monday, January 6th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $670.00 target price on shares of Meta Platforms in a research report on Wednesday, October 16th. Two investment 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $650.05.

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.