Meta Platforms, Inc. $META is Accuvest Global Advisors’ 5th Largest Position

Accuvest Global Advisors lifted its holdings in Meta Platforms, Inc. (NASDAQ:META) by 8.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,222 shares of the social networking company’s stock after purchasing an additional 579 shares during the quarter. Meta Platforms accounts for approximately 3.5% of Accuvest Global Advisors’ investment portfolio, making the stock its 5th largest position. Accuvest Global Advisors’ holdings in Meta Platforms were worth $5,330,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. MJT & Associates Financial Advisory Group Inc. purchased a new position in Meta Platforms in the first quarter worth about $33,000. Evergreen Private Wealth LLC raised its stake in shares of Meta Platforms by 237.5% in the second quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company’s stock valued at $40,000 after acquiring an additional 38 shares during the period. Briaud Financial Planning Inc bought a new stake in shares of Meta Platforms in the 2nd quarter worth about $42,000. WFA Asset Management Corp boosted its stake in shares of Meta Platforms by 42.6% during the 2nd quarter. WFA Asset Management Corp now owns 67 shares of the social networking company’s stock worth $49,000 after purchasing an additional 20 shares during the period. Finally, Maseco LLP bought a new position in Meta Platforms during the 2nd quarter valued at about $54,000. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Meta Platforms Trading Down 2.9%

NASDAQ META opened at $609.01 on Thursday. Meta Platforms, Inc. has a one year low of $479.80 and a one year high of $796.25. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.98 and a current ratio of 1.98. The company has a market capitalization of $1.54 trillion, a price-to-earnings ratio of 26.90, a price-to-earnings-growth ratio of 1.39 and a beta of 1.20. The company’s 50-day simple moving average is $719.36 and its two-hundred day simple moving average is $704.38.

Meta Platforms (NASDAQ:META) last released 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 firm had revenue of $51.24 billion for the quarter, compared to the consensus estimate of $49.34 billion. Meta Platforms had a net margin of 30.89% and a return on equity of 39.35%. The company’s quarterly revenue was up 26.2% on a year-over-year basis. During the same period last year, the firm earned $6.03 earnings per share. Meta Platforms has set its Q4 2025 guidance at EPS. Equities analysts forecast 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 issued a $0.525 dividend. The ex-dividend date 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 currently 9.28%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Piper Sandler decreased their price objective on shares of Meta Platforms from $880.00 to $840.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Monness Crespi & Hardt decreased their price target on Meta Platforms from $860.00 to $808.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. Loop Capital reaffirmed a “buy” rating and issued a $980.00 price objective (up previously from $888.00) on shares of Meta Platforms in a research report on Tuesday, August 5th. Stifel Nicolaus 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, October 30th. Finally, Mizuho lowered their target price on shares of Meta Platforms from $925.00 to $815.00 and set an “outperform” rating for the company in a research note on Thursday, October 30th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $827.60.

Insider Buying and Selling

In related news, CTO Andrew Bosworth sold 11,694 shares of the company’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $775.00, for a total transaction of $9,062,850.00. Following the completion of the sale, the chief technology officer directly owned 1,799 shares in the company, valued at $1,394,225. This represents a 86.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Susan J. Li sold 18,332 shares of Meta Platforms stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $764.71, for a total value of $14,018,663.72. Following the completion of the transaction, the chief financial officer owned 84,141 shares in the company, valued at $64,343,464.11. This trade represents a 17.89% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 59,430 shares of company stock valued at $45,313,988. 13.61% of the stock is currently owned by insiders.

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.