Atlanta Consulting Group Advisors LLC Sells 102 Shares of Meta Platforms, Inc. $META

Atlanta Consulting Group Advisors LLC reduced its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 18.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 464 shares of the social networking company’s stock after selling 102 shares during the period. Atlanta Consulting Group Advisors LLC’s holdings in Meta Platforms were worth $342,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Kaizen Financial Strategies lifted its stake in Meta Platforms by 10.4% in the 2nd quarter. Kaizen Financial Strategies now owns 1,866 shares of the social networking company’s stock valued at $1,377,000 after acquiring an additional 176 shares in the last quarter. Hudock Inc. raised its holdings in shares of Meta Platforms by 18.0% in the second quarter. Hudock Inc. now owns 1,568 shares of the social networking company’s stock valued at $1,158,000 after purchasing an additional 239 shares during the last quarter. Police & Firemen s Retirement System of New Jersey lifted its position in shares of Meta Platforms by 3.9% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 331,559 shares of the social networking company’s stock worth $244,720,000 after purchasing an additional 12,596 shares in the last quarter. Austin Wealth Management LLC boosted its holdings in Meta Platforms by 2.9% during the second quarter. Austin Wealth Management LLC now owns 2,013 shares of the social networking company’s stock worth $1,557,000 after purchasing an additional 56 shares during the last quarter. Finally, Renasant Bank grew its position in Meta Platforms by 1.9% in the second quarter. Renasant Bank now owns 1,508 shares of the social networking company’s stock valued at $1,113,000 after purchasing an additional 28 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, CTO Andrew Bosworth sold 11,690 shares of the stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $593.31, for a total transaction of $6,935,793.90. Following the sale, the chief technology officer directly owned 2,415 shares in the company, valued at $1,432,843.65. This represents a 82.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Aaron Anderson sold 726 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $591.60, for a total transaction of $429,501.60. Following the completion of the transaction, the chief accounting officer owned 6,035 shares of the company’s stock, valued at $3,570,306. The trade was a 10.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 41,442 shares of company stock valued at $26,515,931 over the last three months. 13.61% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on META. Piper Sandler lowered their price target on shares of Meta Platforms from $880.00 to $840.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Truist Financial cut their price objective on Meta Platforms from $900.00 to $875.00 and set a “buy” rating for the company in a report on Thursday, October 30th. Wall Street Zen downgraded shares of Meta Platforms from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Benchmark cut shares of Meta Platforms from a “buy” rating to a “hold” rating in a report on Thursday, October 30th. Finally, Bank of America cut their price target on Meta Platforms from $900.00 to $810.00 and set a “buy” rating for the company in a report on Thursday, October 30th. Three research analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $825.05.

Meta Platforms Trading Up 0.9%

Shares of NASDAQ:META opened at $594.25 on Monday. The business’s 50 day simple moving average is $697.66 and its 200 day simple moving average is $706.43. 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. The company has a market capitalization of $1.50 trillion, a P/E ratio of 26.25, a P/E/G ratio of 1.24 and a beta of 1.20.

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, beating the consensus estimate of $6.74 by $0.51. The firm had revenue of $51.24 billion during the quarter, compared to analysts’ expectations of $49.34 billion. Meta Platforms had a return on equity of 39.35% and a net margin of 30.89%.The company’s quarterly revenue was up 26.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $6.03 EPS. Meta Platforms has set its Q4 2025 guidance at EPS. On average, research analysts anticipate 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. Investors of record on Monday, September 22nd were paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Monday, September 22nd. Meta Platforms’s payout ratio is 9.28%.

Meta Platforms 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.