Financial Perspectives Inc Purchases 267 Shares of Meta Platforms, Inc. $META

Financial Perspectives Inc lifted its position in Meta Platforms, Inc. (NASDAQ:META) by 6.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,479 shares of the social networking company’s stock after purchasing an additional 267 shares during the quarter. Meta Platforms comprises approximately 1.0% of Financial Perspectives Inc’s portfolio, making the stock its 23rd largest holding. Financial Perspectives Inc’s holdings in Meta Platforms were worth $3,306,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in META. Brighton Jones LLC increased its holdings 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 worth $20,230,000 after purchasing an additional 570 shares during the period. Revolve Wealth Partners LLC increased its holdings 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 worth $5,537,000 after purchasing an additional 875 shares during the period. 1776 Wealth LLC increased its holdings 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 worth $673,000 after purchasing an additional 675 shares during the period. Golden State Wealth Management LLC increased its holdings in shares of Meta Platforms by 3.2% in the first quarter. Golden State Wealth Management LLC now owns 5,013 shares of the social networking company’s stock worth $2,889,000 after purchasing an additional 156 shares during the period. Finally, Aljian Capital Management LLC increased its stake in Meta Platforms by 3.3% in the first quarter. Aljian Capital Management LLC now owns 3,252 shares of the social networking company’s stock valued at $1,874,000 after acquiring an additional 105 shares during the last quarter. Institutional investors own 79.91% of the company’s stock.

Meta Platforms Stock Performance

NASDAQ META opened at $666.47 on Friday. The company has a 50-day simple moving average of $740.41 and a two-hundred day simple moving average of $695.92. 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, Inc. has a 12-month low of $479.80 and a 12-month high of $796.25. The firm has a market cap of $1.67 trillion, a price-to-earnings ratio of 29.44, a PEG ratio of 1.60 and a beta of 1.20.

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

Meta Platforms Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Monday, September 22nd. Meta Platforms’s dividend payout ratio is currently 9.28%.

Analyst Ratings Changes

A number of research analysts recently commented on META shares. Piper Sandler reduced their target price on Meta Platforms from $880.00 to $840.00 and set an “overweight” rating on the stock in a research note on Thursday. Truist Financial reduced their target price on Meta Platforms from $900.00 to $875.00 and set a “buy” rating on the stock in a research note on Thursday. KeyCorp reduced their target price on Meta Platforms from $905.00 to $875.00 and set an “overweight” rating on the stock in a research note on Thursday. Cantor Fitzgerald reduced their target price on Meta Platforms from $920.00 to $830.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, Bank of America reduced their target price on Meta Platforms from $900.00 to $810.00 and set a “buy” rating on the stock in a research note on Thursday. Four investment analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $827.60.

Insider Transactions at Meta Platforms

In other news, Director Robert M. Kimmitt sold 465 shares of the stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $716.97, for a total transaction of $333,391.05. Following the completion of the sale, the director directly owned 7,947 shares in the company, valued at approximately $5,697,760.59. This represents a 5.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Javier Olivan sold 517 shares of the stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $749.57, for a total transaction of $387,527.69. Following the sale, the chief operating officer owned 7,958 shares of the company’s stock, valued at approximately $5,965,078.06. This represents a 6.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 198,335 shares of company stock worth $153,047,009. Company insiders own 13.61% of the company’s stock.

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.