Pennsylvania Capital Management Inc. ADV Lowers Stock Position in Meta Platforms, Inc. $META

Pennsylvania Capital Management Inc. ADV cut its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 3.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,596 shares of the social networking company’s stock after selling 58 shares during the period. Pennsylvania Capital Management Inc. ADV’s holdings in Meta Platforms were worth $1,178,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Union Bancaire Privee UBP SA raised its position in Meta Platforms by 0.7% during the second quarter. Union Bancaire Privee UBP SA now owns 196,251 shares of the social networking company’s stock worth $152,992,000 after acquiring an additional 1,323 shares during the period. MBA Advisors LLC raised its position in Meta Platforms by 6.7% during the second quarter. MBA Advisors LLC now owns 1,816 shares of the social networking company’s stock worth $1,340,000 after acquiring an additional 114 shares during the period. Bosman Wealth Management LLC acquired a new position in Meta Platforms during the second quarter worth $2,794,000. Elwood & Goetz Wealth Advisory Group LLC acquired a new position in Meta Platforms during the second quarter worth $266,000. Finally, Trivium Point Advisory LLC raised its position in Meta Platforms by 6.0% during the second quarter. Trivium Point Advisory LLC now owns 9,917 shares of the social networking company’s stock worth $7,320,000 after acquiring an additional 561 shares during the period. 79.91% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Robert M. Kimmitt sold 465 shares of the company’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $757.47, for a total value of $352,223.55. Following the transaction, the director owned 8,412 shares of the company’s stock, valued at $6,371,837.64. This represents a 5.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jennifer Newstead sold 519 shares of the company’s stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $741.50, for a total value of $384,838.50. Following the completion of the transaction, the insider directly owned 29,832 shares in the company, valued at approximately $22,120,428. This trade represents a 1.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold 213,146 shares of company stock valued at $164,209,720 in the last three months. 13.61% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

META has been the subject of a number of research analyst reports. Barclays upped their price objective on shares of Meta Platforms from $640.00 to $810.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Truist Financial set a $880.00 price objective on shares of Meta Platforms in a research report on Thursday, September 18th. TD Cowen upped their price objective on shares of Meta Platforms from $800.00 to $875.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Stifel Nicolaus lifted their target price on shares of Meta Platforms from $845.00 to $900.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Finally, Citigroup reaffirmed an “outperform” rating on shares of Meta Platforms in a research note on Thursday, July 31st. Four research analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Meta Platforms currently has an average rating of “Moderate Buy” and a consensus price target of $830.02.

Meta Platforms Stock Up 0.7%

Shares of META opened at $715.66 on Tuesday. 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 $1.80 trillion, a PE ratio of 25.91, a price-to-earnings-growth ratio of 1.48 and a beta of 1.20. The stock has a fifty day simple moving average of $753.17 and a two-hundred day simple moving average of $676.91. 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 (NASDAQ:META) last issued its earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, topping 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 business had revenue of $47.52 billion during the quarter, compared to the consensus estimate of $44.55 billion. During the same period last year, the company earned $5.16 EPS. The company’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. As a group, equities analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were paid a $0.525 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. Meta Platforms’s dividend payout ratio (DPR) is 7.60%.

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.