Altus Wealth Management LLC Decreases Stock Holdings in Meta Platforms, Inc. $META

Altus Wealth Management LLC decreased its holdings in Meta Platforms, Inc. (NASDAQ:META) by 25.9% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 523 shares of the social networking company’s stock after selling 183 shares during the quarter. Meta Platforms accounts for approximately 0.2% of Altus Wealth Management LLC’s holdings, making the stock its 22nd biggest position. Altus Wealth Management LLC’s holdings in Meta Platforms were worth $386,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Inlight Wealth Management LLC purchased a new stake in Meta Platforms in the 1st quarter worth approximately $25,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in Meta Platforms in the 1st quarter worth approximately $28,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Meta Platforms in the 1st quarter worth approximately $33,000. Evergreen Private Wealth LLC increased its holdings in Meta Platforms by 237.5% in the 2nd quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company’s stock worth $40,000 after acquiring an additional 38 shares in the last quarter. Finally, JCIC Asset Management Inc. increased its holdings in Meta Platforms by 102.6% in the 1st quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company’s stock worth $46,000 after acquiring an additional 40 shares in the last quarter. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Insiders Place Their Bets

In other news, CTO Andrew Bosworth sold 11,694 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $775.00, for a total transaction of $9,062,850.00. Following the completion of the transaction, the chief technology officer directly owned 1,799 shares of the company’s stock, valued at $1,394,225. This represents a 86.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Susan J. Li sold 18,332 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $764.71, for a total value of $14,018,663.72. Following the transaction, the chief financial officer directly owned 84,141 shares of the company’s stock, valued at approximately $64,343,464.11. The trade was a 17.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 214,182 shares of company stock valued at $164,955,168. Corporate insiders own 13.61% of the company’s stock.

Meta Platforms Trading Down 2.3%

Meta Platforms stock opened at $710.56 on Friday. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.15. Meta Platforms, Inc. has a 52 week low of $479.80 and a 52 week high of $796.25. The company has a market capitalization of $1.79 trillion, a price-to-earnings ratio of 25.73, a price-to-earnings-growth ratio of 1.52 and a beta of 1.20. The stock has a 50-day moving average price of $753.21 and a 200 day moving average price of $674.82.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.75 by $1.39. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The company had revenue of $47.52 billion during the quarter, compared to the consensus estimate of $44.55 billion. During the same period in the previous year, the company posted $5.16 earnings per share. Meta Platforms’s revenue for the quarter was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. Sell-side analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, September 22nd. Meta Platforms’s dividend payout ratio is presently 7.60%.

Analyst Ratings Changes

Several research firms recently issued reports on META. JPMorgan Chase & Co. increased their target price on shares of Meta Platforms from $795.00 to $875.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Loop Capital reissued a “buy” rating and issued a $980.00 target price (up from $888.00) on shares of Meta Platforms in a report on Tuesday, August 5th. Wedbush increased their target price on shares of Meta Platforms from $750.00 to $920.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. Truist Financial set a $880.00 target price on shares of Meta Platforms in a report on Thursday, September 18th. Finally, HSBC upgraded Meta Platforms from a “hold” rating to a “buy” rating and upped their price target for the stock from $610.00 to $900.00 in a research note on Thursday, July 31st. Four analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $830.02.

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.