Legacy Advisors LLC Cuts Position in Meta Platforms, Inc. $META

Legacy Advisors LLC decreased its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 42.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,693 shares of the social networking company’s stock after selling 15,024 shares during the quarter. Meta Platforms makes up about 13.9% of Legacy Advisors LLC’s investment portfolio, making the stock its 2nd biggest holding. Legacy Advisors LLC’s holdings in Meta Platforms were worth $15,273,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

Several analysts have issued reports on the company. Loop Capital restated a “buy” rating and issued a $980.00 price objective (up previously from $888.00) on shares of Meta Platforms in a research note on Tuesday, August 5th. Scotiabank boosted their target price on Meta Platforms from $675.00 to $685.00 and gave the stock a “sector perform” rating in a report on Thursday, July 31st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Meta Platforms in a report on Thursday, November 13th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $870.00 price objective (down from $900.00) on shares of Meta Platforms in a research report on Thursday, October 30th. Finally, Oppenheimer lowered shares of Meta Platforms from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 30th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $825.05.

Insider Transactions at Meta Platforms

In other news, Director Robert M. Kimmitt sold 600 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $609.35, for a total value of $365,610.00. Following the sale, the director directly owned 7,347 shares in the company, valued at approximately $4,476,894.45. This trade represents a 7.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Andrew Bosworth sold 11,690 shares of the company’s stock in a transaction that occurred 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 transaction, the chief technology officer owned 2,415 shares of the company’s stock, valued at approximately $1,432,843.65. This represents a 82.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 41,959 shares of company stock valued at $26,906,323. Company insiders own 13.61% of the company’s stock.

Meta Platforms Stock Up 0.9%

NASDAQ META opened at $594.25 on Friday. 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 company has a market cap of $1.50 trillion, a price-to-earnings ratio of 26.25, a PEG ratio of 1.23 and a beta of 1.20. The company has a 50 day moving average of $697.66 and a 200-day moving average of $704.84. Meta Platforms, Inc. has a 1-year low of $479.80 and a 1-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 EPS for the quarter, beating analysts’ consensus estimates of $6.74 by $0.51. The business had revenue of $51.24 billion during the quarter, compared to the consensus estimate of $49.34 billion. Meta Platforms had a return on equity of 39.35% and a net margin of 30.89%.Meta Platforms’s revenue for the quarter was up 26.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $6.03 earnings per share. Meta Platforms has set its Q4 2025 guidance at EPS. On average, equities research analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were paid a $0.525 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.10 annualized dividend and a yield of 0.4%. Meta Platforms’s dividend payout ratio (DPR) is 9.28%.

Meta Platforms Company 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.