Evolution Wealth Advisors LLC Increases Position in Meta Platforms, Inc. $META

Evolution Wealth Advisors LLC boosted its position in Meta Platforms, Inc. (NASDAQ:META) by 1.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,181 shares of the social networking company’s stock after acquiring an additional 124 shares during the quarter. Meta Platforms accounts for approximately 0.8% of Evolution Wealth Advisors LLC’s portfolio, making the stock its 25th largest holding. Evolution Wealth Advisors LLC’s holdings in Meta Platforms were worth $5,300,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Evergreen Private Wealth LLC raised its holdings 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 buying an additional 38 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Meta Platforms in the 1st quarter valued at $33,000. Briaud Financial Planning Inc bought a new stake in Meta Platforms in the second quarter worth $42,000. WFA Asset Management Corp boosted its position in Meta Platforms by 42.6% during the second 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 during the period. Finally, Maseco LLP bought a new stake in shares of Meta Platforms in the 2nd quarter valued at about $54,000. Institutional investors own 79.91% of the company’s stock.

Insider Activity at Meta Platforms

In other Meta Platforms news, CTO Andrew Bosworth sold 11,690 shares of the firm’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $593.31, for a total transaction of $6,935,793.90. Following the completion of the transaction, the chief technology officer owned 2,415 shares of the company’s stock, valued at approximately $1,432,843.65. This trade represents a 82.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jennifer Newstead sold 519 shares of the company’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $591.60, for a total transaction of $307,040.40. Following the completion of the sale, the insider directly owned 34,631 shares in the company, valued at $20,487,699.60. This represents a 1.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 41,442 shares of company stock valued at $26,515,931 over the last ninety days. Insiders own 13.61% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Meta Platforms in a research note on Thursday, October 30th. Scotiabank raised their price target on shares of Meta Platforms from $675.00 to $685.00 and gave the stock a “sector perform” rating in a report on Thursday, July 31st. Piper Sandler decreased their price objective on shares of Meta Platforms from $880.00 to $840.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $825.00 price objective (down from $900.00) on shares of Meta Platforms in a research note on Thursday, October 30th. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $870.00 target price (down from $900.00) on shares of Meta Platforms in a research note on Thursday, October 30th. Three analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, 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 META opened at $594.25 on Monday. Meta Platforms, Inc. has a 1-year low of $479.80 and a 1-year 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 firm’s 50-day moving average price is $697.66 and its 200-day moving average price is $706.43. The firm has a market capitalization of $1.50 trillion, a price-to-earnings ratio of 26.25, a PEG ratio of 1.24 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last released its quarterly earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.74 by $0.51. The company had revenue of $51.24 billion during 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%. Meta Platforms’s revenue was up 26.2% on a year-over-year basis. During the same period in the prior year, the firm earned $6.03 earnings per share. Meta Platforms has set its Q4 2025 guidance at EPS. Sell-side analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were paid 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 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.