Eaton Financial Holdings Company LLC Has $2.20 Million Stake in Meta Platforms, Inc. (NASDAQ:META)

Eaton Financial Holdings Company LLC increased its stake in Meta Platforms, Inc. (NASDAQ:META) by 2.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,757 shares of the social networking company’s stock after purchasing an additional 93 shares during the quarter. Meta Platforms makes up 0.8% of Eaton Financial Holdings Company LLC’s investment portfolio, making the stock its 25th largest holding. Eaton Financial Holdings Company LLC’s holdings in Meta Platforms were worth $2,199,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. JDM Financial Group LLC bought a new position in shares of Meta Platforms in the third quarter worth about $30,000. Safe Harbor Fiduciary LLC acquired a new stake in Meta Platforms in the 3rd quarter valued at approximately $36,000. Avondale Wealth Management bought a new position in Meta Platforms in the 4th quarter worth approximately $41,000. Cordant Inc. acquired a new position in shares of Meta Platforms during the fourth quarter worth approximately $59,000. Finally, Peterson Financial Group Inc. bought a new stake in shares of Meta Platforms in the third quarter valued at approximately $70,000. Institutional investors own 79.91% of the company’s stock.

Analysts Set New Price Targets

META has been the topic of a number of research reports. Argus set a $775.00 target price on shares of Meta Platforms in a research report on Tuesday, February 4th. Wedbush restated an “outperform” rating and set a $770.00 price objective (up previously from $700.00) on shares of Meta Platforms 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 company a “sector perform” rating in a research note on Thursday, January 30th. Tigress Financial reissued a “strong-buy” rating on shares of Meta Platforms in a research report on Tuesday, February 11th. Finally, Robert W. Baird upped their price target on Meta Platforms from $680.00 to $750.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-five have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Meta Platforms has a consensus rating of “Moderate Buy” and an average target price of $718.31.

Meta Platforms Trading Up 0.3 %

META stock opened at $584.06 on Thursday. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.16. Meta Platforms, Inc. has a twelve month low of $414.50 and a twelve month high of $740.91. The company has a market cap of $1.48 trillion, a P/E ratio of 24.42, a PEG ratio of 1.42 and a beta of 1.23. The business has a fifty day moving average of $656.27 and a 200-day moving average of $604.69.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings data on Wednesday, January 29th. The social networking company reported $8.02 earnings per share for the quarter, topping the consensus estimate 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 in the previous year, the company posted $5.33 earnings per share. As a group, equities research analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Friday, March 14th will be issued a $0.525 dividend. This is a positive change from Meta Platforms’s previous quarterly dividend of $0.50. This represents a $2.10 annualized dividend and a yield of 0.36%. The ex-dividend date is Friday, March 14th. Meta Platforms’s dividend payout ratio is currently 8.78%.

Insiders Place Their Bets

In other Meta Platforms news, CFO Susan J. Li sold 8,553 shares of the firm’s stock in a transaction dated Saturday, February 15th. The stock was sold at an average price of $736.67, for a total transaction of $6,300,738.51. Following the transaction, the chief financial officer now owns 51,793 shares in the company, valued at approximately $38,154,349.31. This trade represents a 14.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Javier Olivan sold 608 shares of the company’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $607.50, for a total value of $369,360.00. Following the completion of the sale, the chief operating officer now directly owns 7,446 shares of the company’s stock, valued at approximately $4,523,445. This trade represents a 7.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 632,023 shares of company stock valued at $414,734,884. Company 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.