Argonautica Private Wealth Management Inc. Sells 203 Shares of Meta Platforms, Inc. $META

Argonautica Private Wealth Management Inc. cut its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 1.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,465 shares of the social networking company’s stock after selling 203 shares during the quarter. Meta Platforms comprises about 2.4% of Argonautica Private Wealth Management Inc.’s investment portfolio, making the stock its 7th largest position. Argonautica Private Wealth Management Inc.’s holdings in Meta Platforms were worth $7,724,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Brighton Jones LLC grew its stake in Meta Platforms by 1.7% in the 4th quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company’s stock valued at $20,230,000 after acquiring an additional 570 shares during the last quarter. Revolve Wealth Partners LLC grew its stake in Meta Platforms by 10.2% in the 4th quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company’s stock valued at $5,537,000 after acquiring an additional 875 shares during the last quarter. 1776 Wealth LLC grew its stake in Meta Platforms by 137.2% in the 1st quarter. 1776 Wealth LLC now owns 1,167 shares of the social networking company’s stock valued at $673,000 after acquiring an additional 675 shares during the last quarter. Golden State Wealth Management LLC grew its stake in Meta Platforms by 3.2% in the 1st quarter. Golden State Wealth Management LLC now owns 5,013 shares of the social networking company’s stock valued at $2,889,000 after acquiring an additional 156 shares during the last quarter. Finally, Waterfront Wealth Inc. grew its stake in Meta Platforms by 6.9% in the 1st quarter. Waterfront Wealth Inc. now owns 716 shares of the social networking company’s stock valued at $413,000 after acquiring an additional 46 shares during the last quarter. 79.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have issued reports on META. BMO Capital Markets upped their target price on shares of Meta Platforms from $610.00 to $710.00 and gave the company a “market perform” rating in a report on Thursday, July 31st. JPMorgan Chase & Co. decreased their price target on Meta Platforms from $875.00 to $800.00 and set an “overweight” rating on the stock in a research note on Thursday. Monness Crespi & Hardt dropped their price objective 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. Barclays cut their price objective on shares of Meta Platforms from $810.00 to $770.00 and set an “overweight” rating on the stock in a report on Thursday. Finally, HSBC upgraded shares of Meta Platforms from a “hold” rating to a “buy” rating and increased their price objective for the stock from $610.00 to $900.00 in a report on Thursday, July 31st. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Meta Platforms presently has an average rating of “Moderate Buy” and a consensus price target of $827.60.

Meta Platforms Trading Down 2.7%

META opened at $648.35 on Friday. The firm has a market capitalization of $1.63 trillion, a P/E ratio of 28.64, a P/E/G ratio of 1.41 and a beta of 1.20. The firm’s 50 day moving average is $738.28 and its 200-day moving average is $696.73. Meta Platforms, Inc. has a 52-week low of $479.80 and a 52-week high of $796.25. The company has a quick ratio of 1.97, a current ratio of 1.98 and a debt-to-equity ratio of 0.15.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings data on Wednesday, October 29th. The social networking company reported $7.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.74 by $0.51. The company had revenue of $51.24 billion for 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 39.35%. The business’s quarterly revenue was up 26.2% on a year-over-year basis. During the same quarter last year, the firm posted $6.03 earnings per share. Meta Platforms has set its Q4 2025 guidance at EPS. Analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. Meta Platforms’s dividend payout ratio (DPR) is presently 9.28%.

Insider Transactions at Meta Platforms

In other Meta Platforms news, COO Javier Olivan sold 517 shares of the stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $749.57, for a total transaction of $387,527.69. Following the transaction, the chief operating officer 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 SEC, which is available at the SEC website. Also, insider Jennifer Newstead sold 519 shares of Meta Platforms stock in a transaction on Tuesday, October 28th. The stock was 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 of the company’s stock, valued at approximately $20,900,268. This represents a 1.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 198,335 shares of company stock valued at $153,047,009. 13.61% of the stock is currently owned by corporate insiders.

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.