Canopy Partners LLC Reduces Position in Meta Platforms, Inc. $META

Canopy Partners LLC cut its position in Meta Platforms, Inc. (NASDAQ:META) by 2.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,198 shares of the social networking company’s stock after selling 167 shares during the period. Meta Platforms accounts for 2.2% of Canopy Partners LLC’s investment portfolio, making the stock its 11th largest holding. Canopy Partners LLC’s holdings in Meta Platforms were worth $6,051,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of META. Inlight Wealth Management LLC acquired a new position in shares of Meta Platforms in the 1st quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Meta Platforms in the 1st quarter valued at $28,000. Evergreen Private Wealth LLC boosted its holdings in shares of Meta Platforms by 237.5% in the 2nd quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company’s stock valued at $40,000 after buying an additional 38 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Meta Platforms in the 1st quarter valued at $33,000. Finally, Maseco LLP acquired a new position in shares of Meta Platforms in the 2nd quarter valued at $54,000. 79.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on META. Royal Bank Of Canada upped their target price on shares of Meta Platforms from $740.00 to $840.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Morgan Stanley increased their price target on shares of Meta Platforms from $750.00 to $850.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. TD Cowen increased their price target on shares of Meta Platforms from $800.00 to $875.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. JMP Securities increased their price target on shares of Meta Platforms from $750.00 to $900.00 and gave the stock a “market outperform” rating in a research note on Thursday, July 31st. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Meta Platforms in a research note on Wednesday, October 8th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $830.68.

Insider Buying and Selling at Meta Platforms

In other news, CTO Andrew Bosworth sold 11,694 shares of Meta Platforms stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $775.00, for a total transaction of $9,062,850.00. Following the completion of the sale, the chief technology officer directly owned 1,799 shares in the company, valued at $1,394,225. The trade was a 86.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Susan J. Li sold 18,332 shares of Meta Platforms stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $764.71, for a total transaction of $14,018,663.72. Following the sale, the chief financial officer owned 84,141 shares of the company’s stock, valued at approximately $64,343,464.11. This trade represents a 17.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 213,198 shares of company stock valued at $164,232,558. Insiders own 13.61% of the company’s stock.

Meta Platforms Stock Performance

Shares of META opened at $717.55 on Thursday. The company has a 50-day simple moving average of $748.80 and a 200-day simple moving average of $681.19. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $1.80 trillion, a PE ratio of 25.98, a P/E/G ratio of 1.48 and a beta of 1.20. Meta Platforms, Inc. has a 52-week low of $479.80 and a 52-week high of $796.25.

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. The business had revenue of $47.52 billion during the quarter, compared to the consensus estimate of $44.55 billion. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The business’s revenue was up 21.6% compared to the same quarter last year. During the same quarter last year, the firm posted $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. Equities research analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 0.3%. The ex-dividend date was Monday, September 22nd. 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.