Atlas Legacy Advisors LLC Increases Stake in Meta Platforms, Inc. $META

Atlas Legacy Advisors LLC grew its stake in Meta Platforms, Inc. (NASDAQ:META) by 13.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,689 shares of the social networking company’s stock after purchasing an additional 318 shares during the period. Atlas Legacy Advisors LLC’s holdings in Meta Platforms were worth $1,985,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in META. MJT & Associates Financial Advisory Group Inc. purchased a new position in Meta Platforms in the first quarter valued at $33,000. Evergreen Private Wealth LLC grew its position in shares of Meta Platforms by 237.5% during the 2nd 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 acquired a new stake in shares of Meta Platforms during the 2nd quarter valued at about $42,000. WFA Asset Management Corp increased its stake in shares of Meta Platforms by 42.6% in the 2nd quarter. WFA Asset Management Corp now owns 67 shares of the social networking company’s stock valued at $49,000 after purchasing an additional 20 shares in the last quarter. Finally, Maseco LLP acquired a new position in Meta Platforms in the 2nd quarter worth about $54,000. Institutional investors and hedge funds own 79.91% of the company’s stock.

Meta Platforms Trading Down 1.2%

META opened at $602.01 on Tuesday. The firm has a market capitalization of $1.52 trillion, a price-to-earnings ratio of 26.59, a price-to-earnings-growth ratio of 1.35 and a beta of 1.20. The company’s 50 day simple moving average is $710.72 and its two-hundred day simple moving average is $706.49. Meta Platforms, Inc. has a 1-year low of $479.80 and a 1-year high of $796.25. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.98 and a quick ratio of 1.98.

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, beating analysts’ consensus estimates of $6.74 by $0.51. Meta Platforms had a return on equity of 39.35% and a net margin of 30.89%.The business had revenue of $51.24 billion during the quarter, compared to analyst estimates of $49.34 billion. During the same period in the prior year, the business earned $6.03 earnings per share. The business’s revenue was up 26.2% compared to the same quarter last year. 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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were paid a $0.525 dividend. 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 9.28%.

Insider Activity at Meta Platforms

In other news, insider Jennifer Newstead sold 519 shares of the business’s stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $767.16, for a total transaction of $398,156.04. Following the transaction, the insider owned 30,870 shares of the company’s stock, valued at approximately $23,682,229.20. The trade was a 1.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last 90 days, insiders sold 13,359 shares of company stock worth $9,689,566. 13.61% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have commented on the company. Citizens Jmp raised their price objective on Meta Platforms from $750.00 to $900.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Raymond James Financial reaffirmed a “strong-buy” rating and set a $825.00 target price (down from $900.00) on shares of Meta Platforms in a research note on Thursday, October 30th. Loop Capital reissued a “buy” rating and issued a $980.00 price target (up previously from $888.00) on shares of Meta Platforms in a research note on Tuesday, August 5th. Wells Fargo & Company cut their price target on shares of Meta Platforms from $837.00 to $802.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Finally, Guggenheim reaffirmed a “buy” rating and set a $800.00 price objective (up from $725.00) on shares of Meta Platforms in a report on Monday, July 28th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $827.60.

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.