Canvas Wealth Advisors LLC Acquires 44 Shares of Meta Platforms, Inc. $META

Canvas Wealth Advisors LLC grew its holdings in Meta Platforms, Inc. (NASDAQ:META) by 1.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,399 shares of the social networking company’s stock after acquiring an additional 44 shares during the quarter. Canvas Wealth Advisors LLC’s holdings in Meta Platforms were worth $3,157,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of META. Kingstone Capital Partners Texas LLC boosted its position in shares of Meta Platforms by 608,429.2% in the second quarter. Kingstone Capital Partners Texas LLC now owns 59,775,823 shares of the social networking company’s stock valued at $44,119,937,000 after acquiring an additional 59,766,000 shares during the period. Nuveen LLC bought a new stake in shares of Meta Platforms in the first quarter valued at about $2,990,544,000. Amundi lifted its position in Meta Platforms by 23.5% during the first quarter. Amundi now owns 7,733,061 shares of the social networking company’s stock worth $4,111,050,000 after purchasing an additional 1,470,070 shares during the period. Goldman Sachs Group Inc. grew its stake in Meta Platforms by 8.8% during the first quarter. Goldman Sachs Group Inc. now owns 15,575,962 shares of the social networking company’s stock worth $8,977,361,000 after buying an additional 1,255,546 shares in the last quarter. Finally, Strs Ohio bought a new position in Meta Platforms in the 1st quarter valued at about $571,086,000. Institutional investors own 79.91% of the company’s stock.

Insider Transactions at Meta Platforms

In other news, insider Christopher K. Cox sold 60,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $775.95, for a total value of $46,557,000.00. Following the completion of the transaction, the insider owned 237,205 shares of the company’s stock, valued at $184,059,219.75. This represents a 20.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Mark Zuckerberg sold 15,847 shares of the company’s stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $769.38, for a total value of $12,192,364.86. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 198,335 shares of company stock worth $153,047,009. 13.61% of the stock is owned by corporate insiders.

Meta Platforms Stock Down 11.3%

META stock opened at $666.47 on Friday. The stock has a market capitalization of $1.67 trillion, a P/E ratio of 29.44, a price-to-earnings-growth ratio of 1.60 and a beta of 1.20. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25. The firm has a 50-day moving average price of $740.41 and a 200-day moving average price of $695.92.

Meta Platforms (NASDAQ:META) last posted its earnings results on Wednesday, October 29th. The social networking company reported $7.25 EPS for the quarter, topping analysts’ consensus estimates of $6.74 by $0.51. Meta Platforms had a net margin of 30.89% and a return on equity of 39.69%. The firm had revenue of $51.24 billion during the quarter, compared to analysts’ expectations of $49.34 billion. During the same quarter in the prior year, the business earned $6.03 earnings per share. The business’s revenue for the quarter was up 26.2% compared to the same quarter last year. Meta Platforms has set its Q4 2025 guidance at EPS. As a group, equities research analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Stockholders 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 annualized dividend and a dividend yield of 0.3%. Meta Platforms’s dividend payout ratio is currently 9.28%.

Analyst Upgrades and Downgrades

META has been the topic of several analyst reports. HSBC upgraded shares of Meta Platforms from a “hold” rating to a “buy” rating and increased their price target for the stock from $610.00 to $900.00 in a research report on Thursday, July 31st. Wells Fargo & Company lowered their price objective on shares of Meta Platforms from $837.00 to $802.00 and set an “overweight” rating for the company in a research report on Thursday. Jefferies Financial Group lowered their price objective on shares of Meta Platforms from $950.00 to $910.00 and set a “buy” rating for the company in a research report on Thursday. Roth Capital restated a “buy” rating on shares of Meta Platforms in a research report on Thursday. Finally, Bank of America lowered their price objective on shares of Meta Platforms from $900.00 to $810.00 and set a “buy” rating for the company in a research report on Thursday. Four investment analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target 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.