Meta Platforms, Inc. $META Shares Sold by Legacy Advisors LLC

Legacy Advisors LLC reduced its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 42.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,693 shares of the social networking company's stock after selling 15,024 shares during the period. Meta Platforms accounts for approximately 13.9% of Legacy Advisors LLC's holdings, making the stock its 2nd biggest position. Legacy Advisors LLC's holdings in Meta Platforms were worth $15,273,000 at the end of the most recent reporting period.

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A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Infusive Asset Management Inc. increased its holdings in shares of Meta Platforms by 10.7% during the 1st quarter. Infusive Asset Management Inc. now owns 23,620 shares of the social networking company's stock worth $13,614,000 after purchasing an additional 2,285 shares during the period. Spirepoint Private Client LLC grew its position in Meta Platforms by 2.7% during the second quarter. Spirepoint Private Client LLC now owns 4,080 shares of the social networking company's stock worth $3,011,000 after buying an additional 109 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in Meta Platforms by 11.0% during the second quarter. Sequoia Financial Advisors LLC now owns 210,526 shares of the social networking company's stock worth $155,387,000 after buying an additional 20,912 shares in the last quarter. Stephens Inc. AR increased its stake in Meta Platforms by 5.6% during the second quarter. Stephens Inc. AR now owns 84,687 shares of the social networking company's stock valued at $62,507,000 after acquiring an additional 4,473 shares during the period. Finally, Motiv8 Investments LLC raised its holdings in Meta Platforms by 11.5% in the 2nd quarter. Motiv8 Investments LLC now owns 2,080 shares of the social networking company's stock valued at $1,535,000 after acquiring an additional 214 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company's stock.

Analyst Ratings Changes

META has been the topic of several recent research reports. Loop Capital reissued a "buy" rating and set a $980.00 price objective (up previously from $888.00) on shares of Meta Platforms in a report on Tuesday, August 5th. Cantor Fitzgerald lowered their price target on shares of Meta Platforms from $830.00 to $720.00 and set an "overweight" rating on the stock in a report on Wednesday. Barclays dropped their price objective on shares of Meta Platforms from $810.00 to $770.00 and set an "overweight" rating for the company in a research note on Thursday, October 30th. Mizuho decreased their target price on shares of Meta Platforms from $925.00 to $815.00 and set an "outperform" rating on the stock in a research report on Thursday, October 30th. Finally, HSBC raised shares of Meta Platforms from a "hold" rating to a "buy" rating and upped their target price for the company from $610.00 to $900.00 in a research note on Thursday, July 31st. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $825.05.

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Read Our Latest Research Report on META

Insider Buying and Selling at Meta Platforms

In related news, COO Javier Olivan sold 517 shares of the stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $604.23, for a total value of $312,386.91. Following the sale, the chief operating officer directly owned 15,302 shares in the company, valued at $9,245,927.46. This trade represents a 3.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jennifer Newstead sold 519 shares of the stock in a transaction on 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 owned 34,631 shares in the company, valued at approximately $20,487,699.60. This trade represents a 1.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 41,959 shares of company stock valued at $26,906,323 over the last 90 days. Company insiders own 13.61% of the company's stock.

Meta Platforms Stock Performance

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Shares of NASDAQ:META opened at $594.25 on Friday. The business has a fifty day moving average of $697.66 and a 200-day moving average of $704.84. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.98 and a current ratio of 1.98. Meta Platforms, Inc. has a twelve month low of $479.80 and a twelve month high of $796.25. The firm has a market cap of $1.50 trillion, a PE ratio of 26.25, a price-to-earnings-growth ratio of 1.23 and a beta of 1.20.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its quarterly earnings data on Wednesday, October 29th. The social networking company reported $7.25 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 analyst estimates of $49.34 billion. Meta Platforms had a net margin of 30.89% and a return on equity of 39.35%. The company's revenue was up 26.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $6.03 EPS. Meta Platforms has set its Q4 2025 guidance at EPS. On average, equities research analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were given a dividend of $0.525 per share. The ex-dividend date was Monday, September 22nd. This represents a $2.10 annualized dividend and a dividend yield of 0.4%. Meta Platforms's payout ratio is currently 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.

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