Creative Financial Designs Inc. ADV Has $436,000 Holdings in Meta Platforms, Inc. (NASDAQ:META)

Creative Financial Designs Inc. ADV decreased its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 8.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 744 shares of the social networking company’s stock after selling 65 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in Meta Platforms were worth $436,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

META has been the topic of several recent research reports. Wells Fargo & Company lifted their target price on shares of Meta Platforms from $685.00 to $752.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. JMP Securities reiterated a “market outperform” rating and set a $750.00 price target on shares of Meta Platforms in a report on Monday, January 27th. Jefferies Financial Group increased 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. Barclays raised their target price on Meta Platforms from $630.00 to $705.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Finally, Truist Financial upped their price target on Meta Platforms from $700.00 to $770.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $718.31.

Meta Platforms Trading Up 0.3 %

NASDAQ META opened at $584.06 on Thursday. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.16. The business has a fifty day simple moving average of $656.27 and a 200 day simple moving average of $604.69. Meta Platforms, Inc. has a 12 month low of $414.50 and a 12 month high of $740.91. The firm has a market capitalization of $1.48 trillion, a P/E ratio of 24.42, a PEG ratio of 1.42 and a beta of 1.23.

Meta Platforms (NASDAQ:META) last announced its earnings results on Wednesday, January 29th. The social networking company reported $8.02 EPS for the quarter, beating the consensus estimate 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 period in the prior year, the company earned $5.33 earnings per share. On average, analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th will be given a dividend of $0.525 per share. The ex-dividend date is Friday, March 14th. This represents a $2.10 annualized dividend and a dividend yield of 0.36%. This is a boost from Meta Platforms’s previous quarterly dividend of $0.50. Meta Platforms’s dividend payout ratio (DPR) is currently 8.78%.

Insider Transactions at Meta Platforms

In related news, COO Javier Olivan sold 413 shares of Meta Platforms stock in a transaction on Monday, December 30th. The stock was sold at an average price of $589.16, for a total transaction of $243,323.08. Following the sale, the chief operating officer now directly owns 17,514 shares in the company, valued at approximately $10,318,548.24. This trade represents a 2.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Mark Zuckerberg sold 55,589 shares of the company’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $717.72, for a total value of $39,897,337.08. The disclosure for this sale can be found here. Insiders have sold 632,023 shares of company stock worth $414,734,884 in the last 90 days. Insiders own 13.71% of the company’s stock.

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.