Latitude Advisors LLC Trims Stock Holdings in Meta Platforms, Inc. $META

Latitude Advisors LLC reduced its stake in Meta Platforms, Inc. (NASDAQ:META) by 0.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,306 shares of the social networking company’s stock after selling 22 shares during the period. Meta Platforms makes up approximately 0.9% of Latitude Advisors LLC’s portfolio, making the stock its 24th biggest position. Latitude Advisors LLC’s holdings in Meta Platforms were worth $1,702,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC boosted its stake in shares of Meta Platforms by 1.7% in the fourth quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company’s stock valued at $20,230,000 after purchasing an additional 570 shares during the period. Revolve Wealth Partners LLC boosted its stake in shares of Meta Platforms by 10.2% in the fourth quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company’s stock valued at $5,537,000 after purchasing an additional 875 shares during the period. 1776 Wealth LLC boosted its stake in shares of Meta Platforms by 137.2% in the first quarter. 1776 Wealth LLC now owns 1,167 shares of the social networking company’s stock valued at $673,000 after purchasing an additional 675 shares during the period. LifeSteps Financial Inc. boosted its stake in shares of Meta Platforms by 3.8% in the first quarter. LifeSteps Financial Inc. now owns 1,069 shares of the social networking company’s stock valued at $616,000 after purchasing an additional 39 shares during the period. Finally, FFG Partners LLC boosted its stake in shares of Meta Platforms by 17.6% in the first quarter. FFG Partners LLC now owns 32,618 shares of the social networking company’s stock valued at $18,800,000 after purchasing an additional 4,873 shares during the period. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Meta Platforms Price Performance

Shares of NASDAQ META opened at $738.36 on Monday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.97. Meta Platforms, Inc. has a fifty-two week low of $479.80 and a fifty-two week high of $796.25. The firm has a market capitalization of $1.85 trillion, a PE ratio of 26.73, a price-to-earnings-growth ratio of 1.57 and a beta of 1.20. The stock’s 50-day simple moving average is $742.11 and its 200-day simple moving average is $692.08.

Meta Platforms (NASDAQ:META) last issued its earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $44.55 billion. During the same quarter last year, the company earned $5.16 EPS. The business’s quarterly revenue was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, equities research analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal 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 given 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 (DPR) is 7.60%.

Insider Transactions at Meta Platforms

In other news, COO Javier Olivan sold 517 shares of the firm’s stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $721.30, for a total transaction of $372,912.10. Following the sale, the chief operating officer owned 8,475 shares of the company’s stock, valued at approximately $6,113,017.50. This trade represents a 5.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jennifer Newstead sold 519 shares of Meta Platforms stock in a transaction that occurred on Tuesday, October 21st. The stock was sold at an average price of $736.37, for a total value of $382,176.03. Following the transaction, the insider directly owned 28,275 shares in the company, valued at approximately $20,820,861.75. This trade represents a 1.80% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 213,665 shares of company stock valued at $164,581,886. Corporate insiders own 13.61% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on META shares. DA Davidson raised their price objective on shares of Meta Platforms from $650.00 to $825.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. HSBC raised Meta Platforms from a “hold” rating to a “buy” rating and increased their price target for the company from $610.00 to $900.00 in a research report on Thursday, July 31st. Bank of America boosted their price objective on Meta Platforms from $775.00 to $900.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Needham & Company LLC raised Meta Platforms from an “underperform” rating to a “hold” rating in a research report on Thursday, July 3rd. Finally, Piper Sandler boosted their price objective on Meta Platforms from $808.00 to $880.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Five investment analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $829.66.

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.