First Horizon Advisors Inc. Purchases 415 Shares of Meta Platforms, Inc. $META

First Horizon Advisors Inc. boosted its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 1.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,699 shares of the social networking company’s stock after buying an additional 415 shares during the period. First Horizon Advisors Inc.’s holdings in Meta Platforms were worth $27,826,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of META. Evergreen Private Wealth LLC grew its stake in Meta Platforms by 237.5% in the 2nd quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company’s stock valued at $40,000 after purchasing an additional 38 shares during the period. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Meta Platforms during the 1st quarter valued at approximately $33,000. Briaud Financial Planning Inc bought a new position in shares of Meta Platforms in the second quarter worth $42,000. WFA Asset Management Corp grew its holdings in Meta Platforms by 42.6% during the 2nd quarter. WFA Asset Management Corp now owns 67 shares of the social networking company’s stock valued at $49,000 after buying an additional 20 shares in the last quarter. Finally, Maseco LLP bought a new stake in Meta Platforms during the 2nd quarter worth approximately $54,000. Institutional investors own 79.91% of the company’s stock.

Wall Street Analyst Weigh In

META has been the topic of a number of recent analyst reports. JMP Securities raised their target price on shares of Meta Platforms from $750.00 to $900.00 and gave the company a “market outperform” rating in a research note on Thursday, July 31st. Truist Financial cut their target price on shares of Meta Platforms from $900.00 to $875.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. TD Cowen lowered their price target on Meta Platforms from $875.00 to $810.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. Hsbc Global Res raised Meta Platforms from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 31st. Finally, Cantor Fitzgerald reduced their price objective on Meta Platforms from $920.00 to $830.00 and set an “overweight” rating on the stock in a research report 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’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $827.60.

Insider Activity at Meta Platforms

In other news, COO Javier Olivan sold 517 shares of the company’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $631.00, for a total transaction of $326,227.00. Following the completion of the transaction, the chief operating officer directly owned 6,924 shares of the company’s stock, valued at approximately $4,369,044. This represents a 6.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robert M. Kimmitt sold 465 shares of the firm’s stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $716.97, for a total value of $333,391.05. Following the completion of the sale, the director directly owned 7,947 shares in the company, valued at $5,697,760.59. The trade was a 5.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 13,359 shares of company stock worth $9,689,566 in the last three months. 13.61% of the stock is owned by insiders.

Meta Platforms Stock Down 0.1%

META opened at $609.46 on Monday. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.15. The business’s 50-day moving average price is $713.72 and its 200-day moving average price is $706.28. The company has a market cap of $1.54 trillion, a P/E ratio of 26.92, a P/E/G ratio of 1.35 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.74 by $0.51. The business 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 last year, the company earned $6.03 EPS. Meta Platforms has set its Q4 2025 guidance at EPS. On average, equities analysts expect 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. Investors of record on Monday, September 22nd were paid a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, September 22nd. Meta Platforms’s payout ratio is presently 9.28%.

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.