Atlantic Edge Private Wealth Management LLC Has $4.48 Million Position in Meta Platforms, Inc. $META

Atlantic Edge Private Wealth Management LLC raised its position in Meta Platforms, Inc. (NASDAQ:META) by 1.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,067 shares of the social networking company’s stock after acquiring an additional 82 shares during the quarter. Meta Platforms makes up about 1.2% of Atlantic Edge Private Wealth Management LLC’s investment portfolio, making the stock its 23rd largest holding. Atlantic Edge Private Wealth Management LLC’s holdings in Meta Platforms were worth $4,478,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in META. Barnes Dennig Private Wealth Management LLC acquired a new stake in Meta Platforms in the first quarter valued at $28,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Meta Platforms in the first quarter valued at $33,000. Evergreen Private Wealth LLC lifted its stake in shares of Meta Platforms by 237.5% during the 2nd quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company’s stock worth $40,000 after buying an additional 38 shares during the last quarter. Maseco LLP acquired a new stake in shares of Meta Platforms during the 2nd quarter worth about $54,000. Finally, eCIO Inc. acquired a new stake in shares of Meta Platforms during the 1st quarter worth about $58,000. Institutional investors and hedge funds own 79.91% of the company’s stock.

Meta Platforms Price Performance

Shares of Meta Platforms stock opened at $666.47 on Friday. Meta Platforms, Inc. has a twelve month low of $479.80 and a twelve month high of $796.25. 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 50-day simple moving average of $740.41 and a two-hundred day simple moving average of $695.92. The stock has a market capitalization of $1.67 trillion, a price-to-earnings ratio of 29.44, a price-to-earnings-growth ratio of 1.60 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings data on Wednesday, October 29th. The social networking company reported $7.25 earnings per share for the quarter, topping the consensus estimate of $6.74 by $0.51. Meta Platforms had a net margin of 30.89% and a return on equity of 39.69%. The business had revenue of $51.24 billion during the quarter, compared to analysts’ expectations of $49.34 billion. During the same quarter in the previous year, the company earned $6.03 EPS. The business’s revenue was up 26.2% on a year-over-year basis. Meta Platforms has set its Q4 2025 guidance at EPS. Analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Announces Dividend

The firm also recently disclosed 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 was Monday, September 22nd. This represents a $2.10 annualized dividend and a yield of 0.3%. Meta Platforms’s payout ratio is 9.28%.

Insiders Place Their Bets

In other Meta Platforms news, COO Javier Olivan sold 517 shares of the firm’s stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $749.57, for a total value of $387,527.69. Following the transaction, the chief operating officer directly owned 7,958 shares of the company’s stock, valued at $5,965,078.06. This trade represents a 6.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jennifer Newstead sold 519 shares of the firm’s stock in a transaction dated Tuesday, October 28th. The shares were sold at an average price of $753.00, for a total transaction of $390,807.00. Following the completion of the transaction, the insider directly owned 27,756 shares in the company, valued at approximately $20,900,268. This represents a 1.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 198,335 shares of company stock worth $153,047,009 in the last quarter. 13.61% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on META shares. Morgan Stanley raised their target price 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. Sanford C. Bernstein restated an “outperform” rating and set a $870.00 target price (down previously from $900.00) on shares of Meta Platforms in a research note on Thursday. Monness Crespi & Hardt cut their target price on shares of Meta Platforms from $860.00 to $808.00 and set a “buy” rating for the company in a research note on Thursday. Loop Capital restated a “buy” rating and set a $980.00 target price (up previously from $888.00) on shares of Meta Platforms in a research note on Tuesday, August 5th. Finally, Wedbush restated an “outperform” rating and set a $920.00 target price on shares of Meta Platforms in a research note on Thursday. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $827.60.

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.