Meta Platforms, Inc. $META Shares Sold by Forum Financial Management LP

Forum Financial Management LP lessened its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 2.3% in the second quarter, according to its most recent filing with the SEC. The firm owned 38,354 shares of the social networking company’s stock after selling 889 shares during the quarter. Meta Platforms comprises approximately 0.4% of Forum Financial Management LP’s holdings, making the stock its 19th largest position. Forum Financial Management LP’s holdings in Meta Platforms were worth $28,309,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Ethic Inc. boosted its position in Meta Platforms by 5.8% during the 2nd quarter. Ethic Inc. now owns 153,146 shares of the social networking company’s stock worth $112,352,000 after acquiring an additional 8,390 shares during the period. Meadow Creek Wealth Advisors LLC boosted its position in Meta Platforms by 1.2% during the 2nd quarter. Meadow Creek Wealth Advisors LLC now owns 3,230 shares of the social networking company’s stock worth $2,384,000 after acquiring an additional 37 shares during the period. BlueChip Wealth Advisors LLC boosted its position in Meta Platforms by 7.5% during the 2nd quarter. BlueChip Wealth Advisors LLC now owns 1,426 shares of the social networking company’s stock worth $1,052,000 after acquiring an additional 99 shares during the period. Stephens Investment Management Group LLC boosted its position in Meta Platforms by 34.5% during the 2nd quarter. Stephens Investment Management Group LLC now owns 705 shares of the social networking company’s stock worth $520,000 after acquiring an additional 181 shares during the period. Finally, Parcion Private Wealth LLC boosted its position in Meta Platforms by 4.8% during the 2nd quarter. Parcion Private Wealth LLC now owns 4,125 shares of the social networking company’s stock worth $3,045,000 after acquiring an additional 188 shares during the period. Institutional investors and hedge funds own 79.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on META. Oppenheimer lowered Meta Platforms from an “outperform” rating to a “market perform” rating in a research report on Thursday. TD Cowen cut their price objective on Meta Platforms from $875.00 to $810.00 and set a “buy” rating for the company in a report on Thursday. DA Davidson set a $825.00 price objective on Meta Platforms in a report on Thursday. The Goldman Sachs Group restated a “buy” rating on shares of Meta Platforms in a report on Tuesday, October 14th. Finally, Zacks Research upgraded Meta Platforms from a “hold” rating to a “strong-buy” rating in a report on Monday, October 20th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $827.60.

Insider Transactions at Meta Platforms

In other news, Director Robert M. Kimmitt sold 465 shares of the business’s stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $716.97, for a total transaction of $333,391.05. Following the sale, the director directly owned 7,947 shares of the company’s stock, valued at $5,697,760.59. The trade was a 5.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Javier Olivan sold 517 shares of the business’s stock in a transaction on Monday, October 27th. The stock was sold at an average price of $749.57, for a total value of $387,527.69. Following the sale, the chief operating officer directly owned 7,958 shares in the company, valued at $5,965,078.06. This trade represents a 6.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 198,335 shares of company stock valued at $153,047,009 over the last three months. Company insiders own 13.61% of the company’s stock.

Meta Platforms Stock Down 2.7%

Shares of Meta Platforms stock opened at $648.35 on Friday. The stock’s fifty day moving average is $738.28 and its 200-day moving average is $697.96. The firm has a market capitalization of $1.63 trillion, a PE ratio of 28.64, a price-to-earnings-growth ratio of 1.38 and a beta of 1.20. 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, Inc. has a 12-month low of $479.80 and a 12-month high of $796.25.

Meta Platforms (NASDAQ:META) last announced its earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share (EPS) for the quarter, topping 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 return on equity of 39.35% and a net margin of 30.89%.Meta Platforms’s revenue for the quarter was up 26.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $6.03 earnings per share. Meta Platforms has set its Q4 2025 guidance at EPS. Equities analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Announces Dividend

The business 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. 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 payout ratio is 9.28%.

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.