Evergreen Wealth Solutions LLC Has $1.01 Million Position in Meta Platforms, Inc. (NASDAQ:META)

Evergreen Wealth Solutions LLC boosted its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 24.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,727 shares of the social networking company’s stock after acquiring an additional 334 shares during the period. Evergreen Wealth Solutions LLC’s holdings in Meta Platforms were worth $1,011,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of META. Seelaus Asset Management LLC increased its holdings in Meta Platforms by 0.9% during the fourth quarter. Seelaus Asset Management LLC now owns 1,640 shares of the social networking company’s stock worth $960,000 after buying an additional 15 shares during the last quarter. Meredith Wealth Planning grew its position in shares of Meta Platforms by 0.8% during the 4th quarter. Meredith Wealth Planning now owns 1,873 shares of the social networking company’s stock valued at $1,097,000 after acquiring an additional 15 shares during the period. Maiden Cove Capital LLC increased its stake in shares of Meta Platforms by 3.2% during the 4th quarter. Maiden Cove Capital LLC now owns 481 shares of the social networking company’s stock worth $282,000 after purchasing an additional 15 shares during the last quarter. Riverwater Partners LLC raised its holdings in shares of Meta Platforms by 2.7% in the 4th quarter. Riverwater Partners LLC now owns 572 shares of the social networking company’s stock worth $335,000 after purchasing an additional 15 shares during the period. Finally, Stephens Consulting LLC lifted its stake in Meta Platforms by 5.3% in the fourth quarter. Stephens Consulting LLC now owns 317 shares of the social networking company’s stock valued at $186,000 after purchasing an additional 16 shares during the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Insider Activity at Meta Platforms

In other Meta Platforms news, insider Jennifer Newstead sold 921 shares of the firm’s stock in a transaction that occurred on Tuesday, April 22nd. The shares were sold at an average price of $491.87, for a total transaction of $453,012.27. Following the completion of the transaction, the insider now owns 27,498 shares of the company’s stock, valued at approximately $13,525,441.26. This trade represents a 3.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Javier Olivan sold 608 shares of the firm’s stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $488.18, for a total value of $296,813.44. Following the transaction, the chief operating officer now directly owns 5,622 shares of the company’s stock, valued at approximately $2,744,547.96. This trade represents a 9.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 248,463 shares of company stock worth $175,403,314 over the last quarter. 13.71% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

META has been the topic of several research reports. Benchmark lowered their target price on Meta Platforms from $820.00 to $640.00 and set a “buy” rating on the stock in a research note on Wednesday, April 23rd. Citigroup cut their target price on shares of Meta Platforms from $780.00 to $655.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Piper Sandler reduced 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. Arete Research upgraded shares of Meta Platforms to a “hold” rating in a research note on Friday, January 24th. Finally, Loop Capital reduced their price objective on shares of Meta Platforms from $900.00 to $695.00 and set a “buy” rating for the company in a research note on Monday. Two analysts have rated the stock with a sell rating, four have given a hold rating, thirty-five have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $681.95.

Meta Platforms Stock Performance

Shares of META stock opened at $554.44 on Wednesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.98 and a current ratio of 2.98. Meta Platforms, Inc. has a fifty-two week low of $427.11 and a fifty-two week high of $740.91. The company has a market capitalization of $1.40 trillion, a P/E ratio of 23.18, a PEG ratio of 1.42 and a beta of 1.28. The stock has a 50 day moving average price of $581.11 and a two-hundred day moving average price of $604.05.

Meta Platforms (NASDAQ:META) last posted its earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share for the quarter, topping analysts’ consensus estimates of $6.75 by $1.27. Meta Platforms had a net margin of 37.91% and a return on equity of 38.17%. During the same quarter last year, the company earned $5.33 earnings per share. Analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th were given a $0.525 dividend. This is a positive change 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%. The ex-dividend date of this dividend was Friday, March 14th. Meta Platforms’s dividend payout ratio (DPR) is currently 8.78%.

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.