Davies Financial Advisors Inc. Has $1.68 Million Holdings in Meta Platforms, Inc. (NASDAQ:META)

Davies Financial Advisors Inc. lessened its holdings in Meta Platforms, Inc. (NASDAQ:META) by 8.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,863 shares of the social networking company’s stock after selling 256 shares during the period. Meta Platforms comprises 1.4% of Davies Financial Advisors Inc.’s holdings, making the stock its 18th biggest holding. Davies Financial Advisors Inc.’s holdings in Meta Platforms were worth $1,676,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Rezny Wealth Management Inc. grew its position in Meta Platforms by 1.0% during the 4th quarter. Rezny Wealth Management Inc. now owns 3,171 shares of the social networking company’s stock worth $1,857,000 after acquiring an additional 31 shares during the last quarter. Ballentine Partners LLC grew its holdings in shares of Meta Platforms by 1.4% during the fourth quarter. Ballentine Partners LLC now owns 58,218 shares of the social networking company’s stock worth $34,087,000 after purchasing an additional 808 shares during the last quarter. ZWJ Investment Counsel Inc. increased its stake in shares of Meta Platforms by 2.1% in the fourth quarter. ZWJ Investment Counsel Inc. now owns 6,386 shares of the social networking company’s stock valued at $3,739,000 after buying an additional 133 shares during the period. Tudor Financial Inc. raised its holdings in Meta Platforms by 41.1% in the 4th quarter. Tudor Financial Inc. now owns 731 shares of the social networking company’s stock valued at $428,000 after buying an additional 213 shares during the last quarter. Finally, Leonard Rickey Investment Advisors P.L.L.C. boosted its position in Meta Platforms by 3.7% during the 4th quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 2,528 shares of the social networking company’s stock worth $1,480,000 after buying an additional 90 shares during the period. Institutional investors and hedge funds own 79.91% of the company’s stock.

Meta Platforms Stock Performance

Shares of Meta Platforms stock opened at $636.45 on Friday. The business’s fifty day simple moving average is $600.06 and its 200 day simple moving average is $559.30. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 0.18. Meta Platforms, Inc. has a 12 month low of $385.66 and a 12 month high of $638.40. The firm has a market capitalization of $1.61 trillion, a P/E ratio of 29.98, a price-to-earnings-growth ratio of 1.16 and a beta of 1.19.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings results on Wednesday, October 30th. The social networking company reported $6.03 earnings per share for the quarter, topping analysts’ consensus estimates of $5.19 by $0.84. Meta Platforms had a net margin of 35.55% and a return on equity of 35.60%. The company had revenue of $40.59 billion for the quarter, compared to the consensus estimate of $40.21 billion. As a group, analysts anticipate that Meta Platforms, Inc. will post 22.96 EPS for the current year.

Meta Platforms Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were paid a dividend of $0.50 per share. The ex-dividend date was Monday, December 16th. This represents a $2.00 annualized dividend and a dividend yield of 0.31%. Meta Platforms’s payout ratio is currently 9.42%.

Insider Activity at Meta Platforms

In other Meta Platforms news, insider Nicholas Clegg sold 7,296 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $553.48, for a total transaction of $4,038,190.08. Following the sale, the insider now directly owns 38,695 shares of the company’s stock, valued at $21,416,908.60. This represents a 15.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jennifer Newstead sold 905 shares of Meta Platforms stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $580.10, for a total transaction of $524,990.50. Following the completion of the transaction, the insider now owns 31,482 shares of the company’s stock, valued at $18,262,708.20. The trade was a 2.79 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 568,016 shares of company stock worth $346,031,180. Insiders own 13.71% of the company’s stock.

Analyst Upgrades and Downgrades

META has been the subject of several analyst reports. Wells Fargo & Company raised their price target on shares of Meta Platforms from $641.00 to $685.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Hsbc Global Res raised Meta Platforms to a “hold” rating in a research report on Thursday, October 24th. Citigroup upped their price target on Meta Platforms from $645.00 to $705.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Wolfe Research raised their price objective on Meta Platforms from $670.00 to $730.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Finally, Roth Mkm increased their target price on shares of Meta Platforms from $620.00 to $635.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Meta Platforms currently has a consensus rating of “Moderate Buy” and an average target price of $654.20.

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.