Meta Platforms, Inc. $META Position Lessened by Acorn Financial Advisory Services Inc. ADV

Acorn Financial Advisory Services Inc. ADV decreased its stake in Meta Platforms, Inc. (NASDAQ:META) by 3.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,545 shares of the social networking company’s stock after selling 249 shares during the period. Meta Platforms accounts for 0.8% of Acorn Financial Advisory Services Inc. ADV’s portfolio, making the stock its 19th largest position. Acorn Financial Advisory Services Inc. ADV’s holdings in Meta Platforms were worth $4,831,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in META. Brighton Jones LLC lifted its holdings in shares of Meta Platforms by 1.7% in the 4th quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company’s stock worth $20,230,000 after purchasing an additional 570 shares during the last quarter. Revolve Wealth Partners LLC raised its stake in Meta Platforms by 10.2% during the 4th quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company’s stock valued at $5,537,000 after acquiring an additional 875 shares in the last quarter. GAMMA Investing LLC raised its stake in Meta Platforms by 16.7% during the 1st quarter. GAMMA Investing LLC now owns 40,691 shares of the social networking company’s stock valued at $23,453,000 after acquiring an additional 5,829 shares in the last quarter. 1776 Wealth LLC raised its stake in Meta Platforms by 137.2% during the 1st quarter. 1776 Wealth LLC now owns 1,167 shares of the social networking company’s stock valued at $673,000 after acquiring an additional 675 shares in the last quarter. Finally, Spinnaker Investment Group LLC raised its stake in Meta Platforms by 41.7% during the 1st quarter. Spinnaker Investment Group LLC now owns 1,009 shares of the social networking company’s stock valued at $582,000 after acquiring an additional 297 shares in the last quarter. Institutional investors own 79.91% of the company’s stock.

Analyst Ratings Changes

META has been the topic of several recent analyst reports. UBS Group lifted their target price on Meta Platforms from $897.00 to $900.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. Sanford C. Bernstein lifted their target price on Meta Platforms from $775.00 to $900.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $920.00 target price on shares of Meta Platforms in a research note on Thursday, October 16th. TD Cowen lifted their target price on Meta Platforms from $800.00 to $875.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Finally, DA Davidson lifted their target price on Meta Platforms from $650.00 to $825.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Five equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Meta Platforms has an average rating of “Buy” and a consensus target price of $829.66.

Insiders Place Their Bets

In related news, CTO Andrew Bosworth sold 11,694 shares of the company’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $775.00, for a total transaction of $9,062,850.00. Following the transaction, the chief technology officer directly owned 1,799 shares of the company’s stock, valued at approximately $1,394,225. The trade was a 86.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christopher K. Cox sold 60,000 shares of the company’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $775.95, for a total value of $46,557,000.00. Following the transaction, the insider directly owned 237,205 shares in the company, valued at $184,059,219.75. The trade was a 20.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 214,182 shares of company stock valued at $164,951,541 over the last ninety days. Corporate insiders own 13.61% of the company’s stock.

Meta Platforms Stock Up 0.1%

Shares of Meta Platforms stock opened at $734.00 on Friday. The stock’s fifty day moving average is $743.05 and its 200-day moving average is $688.52. The firm has a market capitalization of $1.84 trillion, a PE ratio of 26.57, a price-to-earnings-growth ratio of 1.53 and a beta of 1.20. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.15. 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 earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.75 by $1.39. The company had revenue of $47.52 billion for the quarter, compared to analyst estimates of $44.55 billion. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.Meta Platforms’s revenue for the quarter was up 21.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. Equities analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Monday, September 22nd. Meta Platforms’s payout ratio is presently 7.60%.

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.