ProVise Management Group LLC Boosts Stock Position in Meta Platforms, Inc. $META

ProVise Management Group LLC boosted its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 4.6% in the second quarter, Holdings Channel reports. The fund owned 20,215 shares of the social networking company’s stock after purchasing an additional 888 shares during the period. Meta Platforms accounts for about 1.2% of ProVise Management Group LLC’s portfolio, making the stock its 28th biggest position. ProVise Management Group LLC’s holdings in Meta Platforms were worth $14,920,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Evergreen Private Wealth LLC increased its stake in Meta Platforms by 237.5% in 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 during the period. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Meta Platforms in the first quarter valued at about $33,000. Briaud Financial Planning Inc acquired a new position in shares of Meta Platforms during the second quarter worth about $42,000. WFA Asset Management Corp raised its holdings 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 worth $49,000 after purchasing an additional 20 shares in the last quarter. Finally, Maseco LLP acquired a new stake in Meta Platforms in the second quarter valued at about $54,000. Institutional investors and hedge funds own 79.91% of the company’s stock.

Meta Platforms Price Performance

Shares of NASDAQ META opened at $636.22 on Wednesday. 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’s 50-day moving average price is $691.78 and its 200 day moving average price is $706.84. Meta Platforms, Inc. has a 52 week low of $479.80 and a 52 week high of $796.25. The stock has a market cap of $1.60 trillion, a price-to-earnings ratio of 28.10, a PEG ratio of 1.28 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last announced its 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 analysts’ expectations of $49.34 billion. Meta Platforms had a net margin of 30.89% and a return on equity of 39.35%. The firm’s quarterly revenue was up 26.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $6.03 earnings per share. Meta Platforms has set its Q4 2025 guidance at EPS. As a group, research analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were issued a dividend of $0.525 per share. 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 is 9.28%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on META shares. Rosenblatt Securities boosted their target price on Meta Platforms from $1,086.00 to $1,117.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Wall Street Zen lowered Meta Platforms from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Piper Sandler reduced their target price on Meta Platforms from $880.00 to $840.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Wells Fargo & Company decreased their target price on shares of Meta Platforms from $837.00 to $802.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Finally, Zacks Research downgraded shares of Meta Platforms from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. Three research analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $823.93.

Insider Activity at Meta Platforms

In related news, COO Javier Olivan sold 2,610 shares of Meta Platforms stock in a transaction dated Saturday, November 15th. The stock was sold at an average price of $609.46, for a total transaction of $1,590,690.60. Following the completion of the sale, the chief operating officer owned 9,784 shares in the company, valued at approximately $5,962,956.64. This trade represents a 21.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Susan J. Li sold 6,875 shares of the company’s stock in a transaction dated Saturday, November 15th. The shares were sold at an average price of $609.46, for a total transaction of $4,190,037.50. Following the completion of the transaction, the chief financial officer owned 88,370 shares in the company, valued at approximately $53,857,980.20. This trade represents a 7.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 40,923 shares of company stock valued at $26,126,437 in the last ninety days. 13.61% of the stock is owned by insiders.

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.