KFA Private Wealth Group LLC Has $504,000 Position in Meta Platforms, Inc. (NASDAQ:META)

KFA Private Wealth Group LLC increased its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 25.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 861 shares of the social networking company’s stock after buying an additional 172 shares during the period. KFA Private Wealth Group LLC’s holdings in Meta Platforms were worth $504,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. JDM Financial Group LLC acquired a new stake in Meta Platforms in the third quarter valued at $30,000. Safe Harbor Fiduciary LLC bought a new stake in shares of Meta Platforms in the 3rd quarter valued at about $36,000. Avondale Wealth Management acquired a new stake in shares of Meta Platforms in the fourth quarter valued at about $41,000. Halpern Financial Inc. bought a new position in shares of Meta Platforms during the third quarter worth about $46,000. Finally, West Financial Advisors LLC acquired a new position in shares of Meta Platforms in the third quarter worth approximately $49,000. 79.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on META shares. Sanford C. Bernstein raised their price target on shares of Meta Platforms from $600.00 to $675.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. The Goldman Sachs Group lifted their target price on shares of Meta Platforms from $688.00 to $765.00 and gave the stock a “buy” rating in a research note on Thursday. Hsbc Global Res raised shares of Meta Platforms to a “hold” rating in a research report on Thursday, October 24th. Royal Bank of Canada lifted their price objective on Meta Platforms from $700.00 to $800.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Cantor Fitzgerald upped their target price on Meta Platforms from $720.00 to $790.00 and gave the company an “overweight” rating in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, thirty-six have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Meta Platforms currently has an average rating of “Moderate Buy” and an average price target of $706.76.

Meta Platforms Stock Performance

Shares of META stock opened at $689.18 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.73 and a current ratio of 2.73. The firm has a market cap of $1.74 trillion, a price-to-earnings ratio of 28.81, a P/E/G ratio of 1.35 and a beta of 1.19. Meta Platforms, Inc. has a 52 week low of $387.10 and a 52 week high of $710.79. The firm’s 50-day simple moving average is $613.60 and its two-hundred day simple moving average is $565.78.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings results on Wednesday, January 29th. The social networking company reported $8.02 EPS 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 39.74%. During the same period in the previous year, the firm posted $5.33 EPS. As a group, equities analysts forecast that Meta Platforms, Inc. will post 25.44 earnings per share for the current year.

Meta Platforms Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.29%. The ex-dividend date of this dividend was Monday, December 16th. Meta Platforms’s dividend payout ratio (DPR) is currently 8.36%.

Insider Activity at Meta Platforms

In related news, CEO Mark Zuckerberg sold 35,921 shares of Meta Platforms stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $673.57, for a total value of $24,195,307.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Javier Olivan sold 413 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $562.77, for a total value of $232,424.01. Following the sale, the chief operating officer now owns 19,579 shares in the company, valued at approximately $11,018,473.83. This represents a 2.07 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 661,804 shares of company stock worth $407,745,741. 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.