Meta Platforms, Inc. $META Shares Purchased by Fonville Wealth Management LLC

Fonville Wealth Management LLC increased its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 39.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 887 shares of the social networking company’s stock after buying an additional 253 shares during the period. Fonville Wealth Management LLC’s holdings in Meta Platforms were worth $655,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. MJT & Associates Financial Advisory Group Inc. acquired a new position in Meta Platforms during the first quarter worth $33,000. Evergreen Private Wealth LLC raised its stake 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 worth $40,000 after buying an additional 38 shares during the last quarter. Briaud Financial Planning Inc purchased a new stake in shares of Meta Platforms in the 2nd quarter worth about $42,000. WFA Asset Management Corp boosted its position 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 worth $49,000 after buying an additional 20 shares in the last quarter. Finally, Maseco LLP acquired a new stake in Meta Platforms in the 2nd quarter valued at about $54,000. 79.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on META shares. Wall Street Zen cut shares of Meta Platforms from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Bank of America cut their price objective on Meta Platforms from $900.00 to $810.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Monness Crespi & Hardt lowered their target price on Meta Platforms from $860.00 to $808.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. Scotiabank raised their price target on Meta Platforms from $675.00 to $685.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 31st. Finally, Raymond James Financial restated a “strong-buy” rating and issued a $825.00 price objective (down from $900.00) on shares of Meta Platforms in a research report on Thursday, October 30th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $825.05.

Insider Buying and Selling

In other Meta Platforms news, Director Robert M. Kimmitt sold 600 shares of the business’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $609.35, for a total transaction of $365,610.00. Following the completion of the sale, the director owned 7,347 shares of the company’s stock, valued at approximately $4,476,894.45. The trade was a 7.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Javier Olivan sold 2,610 shares of the firm’s stock in a transaction dated Saturday, November 15th. The stock was sold at an average price of $609.46, for a total value of $1,590,690.60. Following the completion of the transaction, the chief operating officer owned 9,784 shares in the company, valued at approximately $5,962,956.64. This trade represents a 21.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 41,959 shares of company stock worth $26,906,323 over the last 90 days. Company insiders own 13.61% of the company’s stock.

Meta Platforms Stock Down 0.2%

Shares of NASDAQ:META opened at $589.22 on Friday. 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 firm has a market cap of $1.49 trillion, a price-to-earnings ratio of 26.03, a PEG ratio of 1.24 and a beta of 1.20. The stock’s 50-day moving average price is $700.89 and its two-hundred day moving average price is $704.88. 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 quarterly earnings data on Wednesday, October 29th. The social networking company reported $7.25 earnings per share for the quarter, topping the consensus estimate of $6.74 by $0.51. Meta Platforms had a net margin of 30.89% and a return on equity of 39.35%. The business had revenue of $51.24 billion for the quarter, compared to analyst estimates of $49.34 billion. During the same period in the prior year, the firm posted $6.03 EPS. The company’s revenue was up 26.2% on a year-over-year basis. Meta Platforms has set its Q4 2025 guidance at EPS. On average, research analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Monday, September 22nd. Meta Platforms’s dividend payout ratio (DPR) is 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.