Milestone Asset Management Group LLC Has $3.13 Million Stake in Meta Platforms, Inc. $META

Milestone Asset Management Group LLC reduced its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 6.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,237 shares of the social networking company’s stock after selling 285 shares during the quarter. Meta Platforms makes up about 2.3% of Milestone Asset Management Group LLC’s portfolio, making the stock its 16th biggest holding. Milestone Asset Management Group LLC’s holdings in Meta Platforms were worth $3,127,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Pachira Investments Inc. lifted its stake in shares of 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 last quarter. Hemington Wealth Management grew its stake in Meta Platforms by 0.6% in the 2nd quarter. Hemington Wealth Management now owns 2,223 shares of the social networking company’s stock valued at $1,641,000 after buying an additional 14 shares during the last quarter. Myecfo LLC raised its holdings in Meta Platforms by 2.0% in the 2nd quarter. Myecfo LLC now owns 776 shares of the social networking company’s stock valued at $573,000 after acquiring an additional 15 shares during the period. Shelton Wealth Management LLC lifted its position in Meta Platforms by 0.9% during the second quarter. Shelton Wealth Management LLC now owns 1,764 shares of the social networking company’s stock worth $1,302,000 after acquiring an additional 15 shares during the last quarter. Finally, Kooman & Associates boosted its holdings in shares of Meta Platforms by 2.8% during the second quarter. Kooman & Associates now owns 544 shares of the social networking company’s stock worth $402,000 after acquiring an additional 15 shares during the period. 79.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

META has been the topic of a number of recent research reports. Truist Financial lowered their target price on Meta Platforms from $900.00 to $875.00 and set a “buy” rating on the stock in a research note on Thursday, October 30th. Canaccord Genuity Group reissued a “buy” rating and set a $900.00 target price on shares of Meta Platforms in a report on Thursday, October 30th. Wells Fargo & Company reduced their target price on shares of Meta Platforms from $837.00 to $802.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. Oppenheimer lowered shares of Meta Platforms from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 30th. Finally, UBS Group boosted their price objective on shares of Meta Platforms from $900.00 to $915.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Four research analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $827.60.

Meta Platforms Price Performance

Shares of NASDAQ:META opened at $621.71 on Friday. The firm has a 50 day moving average of $726.22 and a 200-day moving average of $702.51. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25. 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 stock has a market capitalization of $1.56 trillion, a PE ratio of 27.46, a PEG ratio of 1.38 and a beta of 1.20.

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 the consensus estimate of $6.74 by $0.51. Meta Platforms had a net margin of 30.89% and a return on equity of 39.35%. The business had revenue of $51.24 billion for the quarter, compared to analyst estimates of $49.34 billion. During the same quarter last year, the business posted $6.03 EPS. The firm’s revenue for the quarter was up 26.2% on a year-over-year basis. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were paid a $0.525 dividend. The ex-dividend date was Monday, September 22nd. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. Meta Platforms’s dividend payout ratio (DPR) is presently 9.28%.

Insider Activity at Meta Platforms

In related news, CEO Mark Zuckerberg sold 15,847 shares of the company’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $787.06, for a total transaction of $12,472,539.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Susan J. Li sold 18,332 shares of Meta Platforms stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $764.71, for a total value of $14,018,663.72. Following the completion of the transaction, the chief financial officer owned 84,141 shares in the company, valued at approximately $64,343,464.11. This represents a 17.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 75,798 shares of company stock worth $58,347,026 in the last three months. Insiders own 13.61% of the company’s stock.

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.