Burling Wealth Partners LLC Has $10.22 Million Holdings in Meta Platforms, Inc. $META

Burling Wealth Partners LLC grew its position in Meta Platforms, Inc. (NASDAQ:META) by 16.6% in the second quarter, according to its most recent filing with the SEC. The fund owned 13,853 shares of the social networking company’s stock after acquiring an additional 1,969 shares during the period. Meta Platforms accounts for approximately 1.9% of Burling Wealth Partners LLC’s investment portfolio, making the stock its 12th biggest position. Burling Wealth Partners LLC’s holdings in Meta Platforms were worth $10,224,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its holdings in shares of Meta Platforms by 0.4% during the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 3,506 shares of the social networking company’s stock worth $2,587,000 after purchasing an additional 13 shares during the last quarter. Pachira Investments Inc. boosted its position in Meta Platforms by 3.0% during the 2nd quarter. Pachira Investments Inc. now owns 488 shares of the social networking company’s stock worth $360,000 after buying an additional 14 shares during the period. Hemington Wealth Management grew its holdings in Meta Platforms by 0.6% during the 2nd quarter. Hemington Wealth Management now owns 2,223 shares of the social networking company’s stock worth $1,641,000 after acquiring an additional 14 shares during the last quarter. Myecfo LLC grew its holdings in Meta Platforms by 2.0% during the 2nd quarter. Myecfo LLC now owns 776 shares of the social networking company’s stock worth $573,000 after acquiring an additional 15 shares during the last quarter. Finally, Shelton Wealth Management LLC increased its position in Meta Platforms by 0.9% in the 2nd quarter. Shelton Wealth Management LLC now owns 1,764 shares of the social networking company’s stock valued at $1,302,000 after acquiring an additional 15 shares during the period. Institutional investors own 79.91% of the company’s stock.

Analyst Upgrades and Downgrades

META has been the topic of a number of recent research reports. Benchmark lowered shares of Meta Platforms from a “buy” rating to a “hold” rating in a report on Thursday, October 30th. BMO Capital Markets raised their target price on Meta Platforms from $610.00 to $710.00 and gave the stock a “market perform” rating in a research report on Thursday, July 31st. Truist Financial reduced their price target on Meta Platforms from $900.00 to $875.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. Wall Street Zen downgraded Meta Platforms from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Finally, DA Davidson set a $825.00 price objective on Meta Platforms in a research note on Thursday, October 30th. Three analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, Meta Platforms currently has an average rating of “Moderate Buy” and an average target price of $823.93.

Insider Transactions at Meta Platforms

In other news, CTO Andrew Bosworth sold 11,690 shares of the company’s 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 transaction, the chief technology officer owned 2,415 shares in the company, valued at approximately $1,432,843.65. This represents a 82.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jennifer Newstead sold 519 shares of the 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 transaction, the insider directly owned 34,631 shares in the company, valued at $20,487,699.60. This trade represents a 1.48% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 40,923 shares of company stock valued at $26,126,437. 13.61% of the stock is owned by insiders.

Meta Platforms Trading Up 3.2%

NASDAQ META opened at $613.05 on Tuesday. The stock has a market capitalization of $1.55 trillion, a P/E ratio of 27.08, a P/E/G ratio of 1.24 and a beta of 1.20. The business has a 50 day simple moving average of $694.63 and a 200 day simple moving average of $706.53. 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, Inc. has a one year low of $479.80 and a one year high of $796.25.

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 analysts’ consensus estimates of $6.74 by $0.51. The firm had revenue of $51.24 billion for 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 revenue for the quarter was up 26.2% compared to the same quarter last year. During the same period in the prior year, the business earned $6.03 EPS. Meta Platforms has set its Q4 2025 guidance at EPS. Research analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share 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 yield of 0.3%. The ex-dividend date was Monday, September 22nd. Meta Platforms’s dividend payout ratio (DPR) is presently 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.