Tudor Financial Inc. Grows Stock Holdings in Meta Platforms, Inc. (NASDAQ:META)

Tudor Financial Inc. grew its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 41.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 731 shares of the social networking company’s stock after purchasing an additional 213 shares during the period. Tudor Financial Inc.’s holdings in Meta Platforms were worth $428,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of META. Fiera Capital Corp lifted its stake in shares of Meta Platforms by 35.1% in the 2nd quarter. Fiera Capital Corp now owns 27,272 shares of the social networking company’s stock valued at $13,751,000 after acquiring an additional 7,089 shares during the last quarter. Harmony Asset Management LLC lifted its stake in Meta Platforms by 55.9% in the second quarter. Harmony Asset Management LLC now owns 1,624 shares of the social networking company’s stock worth $819,000 after acquiring an additional 582 shares during the period. Nippon Life Global Investors Americas Inc. boosted its stake in shares of Meta Platforms by 6.2% during the 2nd quarter. Nippon Life Global Investors Americas Inc. now owns 90,060 shares of the social networking company’s stock valued at $45,410,000 after purchasing an additional 5,250 shares in the last quarter. J. Stern & Co. LLP boosted its position in Meta Platforms by 4.2% during the 2nd quarter. J. Stern & Co. LLP now owns 111,306 shares of the social networking company’s stock valued at $56,123,000 after acquiring an additional 4,487 shares in the last quarter. Finally, Steel Grove Capital Advisors LLC boosted its position in shares of Meta Platforms by 22.4% during the second quarter. Steel Grove Capital Advisors LLC now owns 2,095 shares of the social networking company’s stock valued at $1,056,000 after purchasing an additional 384 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors.

Meta Platforms Stock Performance

Shares of NASDAQ:META opened at $623.50 on Thursday. The firm has a fifty day simple moving average of $598.87 and a two-hundred day simple moving average of $558.76. Meta Platforms, Inc. has a 52 week low of $382.08 and a 52 week high of $638.40. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $1.57 trillion, a P/E ratio of 29.37, a PEG ratio of 1.16 and a beta of 1.19.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings results on Wednesday, October 30th. The social networking company reported $6.03 EPS for the quarter, beating 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 firm had revenue of $40.59 billion during the quarter, compared to the consensus estimate of $40.21 billion. On average, analysts expect that Meta Platforms, Inc. will post 22.96 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.32%. The ex-dividend date was Monday, December 16th. Meta Platforms’s dividend payout ratio is currently 9.42%.

Insider Activity at Meta Platforms

In other Meta Platforms news, CFO Susan J. Li sold 8,951 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $577.16, for a total transaction of $5,166,159.16. Following the completion of the transaction, the chief financial officer now owns 51,591 shares in the company, valued at $29,776,261.56. The trade was a 14.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Aaron Anderson sold 731 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $557.00, for a total value of $407,167.00. Following the completion of the sale, the chief accounting officer now owns 3,414 shares in the company, valued at approximately $1,901,598. The trade was a 17.64 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 567,111 shares of company stock worth $345,453,784. Company insiders own 13.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Piper Sandler upped their price objective on shares of Meta Platforms from $650.00 to $670.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. Mizuho boosted their target price on Meta Platforms from $650.00 to $675.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Hsbc Global Res raised shares of Meta Platforms to a “hold” rating in a report on Thursday, October 24th. Roth Mkm boosted their price objective on shares of Meta Platforms from $620.00 to $635.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, Sanford C. Bernstein raised their target price 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. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, thirty-five have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $652.98.

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.