Haven Capital Group Inc. Makes New Investment in Meta Platforms, Inc. (NASDAQ:META)

Haven Capital Group Inc. bought a new stake in Meta Platforms, Inc. (NASDAQ:META) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,159 shares of the social networking company’s stock, valued at approximately $679,000. Meta Platforms makes up 0.6% of Haven Capital Group Inc.’s portfolio, making the stock its 25th biggest holding.

A number of other institutional investors have also recently made changes to their positions in the company. Seelaus Asset Management LLC raised its stake in shares of Meta Platforms by 0.9% in the 4th quarter. Seelaus Asset Management LLC now owns 1,640 shares of the social networking company’s stock valued at $960,000 after acquiring an additional 15 shares during the period. Meredith Wealth Planning increased its holdings in Meta Platforms by 0.8% in the 4th quarter. Meredith Wealth Planning now owns 1,873 shares of the social networking company’s stock valued at $1,097,000 after purchasing an additional 15 shares during the last quarter. Maiden Cove Capital LLC raised its position in Meta Platforms by 3.2% in the fourth quarter. Maiden Cove Capital LLC now owns 481 shares of the social networking company’s stock valued at $282,000 after purchasing an additional 15 shares during the period. Stephens Consulting LLC lifted its stake in Meta Platforms by 5.3% during the fourth quarter. Stephens Consulting LLC now owns 317 shares of the social networking company’s stock worth $186,000 after purchasing an additional 16 shares in the last quarter. Finally, VeraBank N.A. boosted its position in shares of Meta Platforms by 0.8% during the fourth quarter. VeraBank N.A. now owns 1,954 shares of the social networking company’s stock worth $1,144,000 after buying an additional 16 shares during the period. 79.91% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, COO Javier Olivan sold 413 shares of the firm’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $590.00, for a total value of $243,670.00. Following the completion of the sale, the chief operating officer now owns 17,927 shares in the company, valued at $10,576,930. This trade represents a 2.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Andrew Bosworth sold 5,060 shares of Meta Platforms stock in a transaction that occurred on Saturday, February 15th. The shares were 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 directly owns 5,139 shares in the company, valued at $3,785,747.13. This represents a 49.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 622,844 shares of company stock valued at $409,212,161 over the last three months. 13.71% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on META. Jefferies Financial Group boosted their price objective on Meta Platforms from $675.00 to $715.00 and gave the company a “buy” rating in a report on Monday, January 6th. The Goldman Sachs Group increased their price target on shares of Meta Platforms from $688.00 to $765.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Pivotal Research lifted their price objective on shares of Meta Platforms from $800.00 to $875.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Scotiabank increased their target price on shares of Meta Platforms from $583.00 to $627.00 and gave the stock a “sector perform” rating in a report on Thursday, January 30th. Finally, KeyCorp dropped their price target on shares of Meta Platforms from $750.00 to $710.00 and set an “overweight” rating for the company in a research note on Tuesday. 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $718.31.

Meta Platforms Stock Up 0.3 %

Shares of NASDAQ:META opened at $586.00 on Friday. Meta Platforms, Inc. has a 1-year low of $414.50 and a 1-year high of $740.91. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.98 and a quick ratio of 2.98. The stock has a market cap of $1.48 trillion, a P/E ratio of 24.50, a P/E/G ratio of 1.42 and a beta of 1.23. The firm has a fifty day moving average price of $655.77 and a 200 day moving average price of $604.56.

Meta Platforms (NASDAQ:META) last released its quarterly 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 last year, the company earned $5.33 EPS. Sell-side analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 0.36%. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from Meta Platforms’s previous quarterly dividend of $0.50. Meta Platforms’s dividend payout ratio is 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.