WNY Asset Management LLC Trims Holdings in Meta Platforms, Inc. $META

WNY Asset Management LLC cut its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 3.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,893 shares of the social networking company’s stock after selling 131 shares during the quarter. WNY Asset Management LLC’s holdings in Meta Platforms were worth $2,874,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Meta Platforms during the first quarter worth $33,000. Evergreen Private Wealth LLC increased its stake in Meta Platforms by 237.5% in the second quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company’s stock valued at $40,000 after purchasing an additional 38 shares during the last quarter. Briaud Financial Planning Inc purchased a new position in Meta Platforms during the second quarter worth about $42,000. WFA Asset Management Corp boosted its stake in Meta Platforms by 42.6% in the 2nd quarter. WFA Asset Management Corp now owns 67 shares of the social networking company’s stock worth $49,000 after buying an additional 20 shares during the last quarter. Finally, Maseco LLP acquired a new stake in Meta Platforms in the 2nd quarter worth about $54,000. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Meta Platforms Trading Up 0.4%

NASDAQ:META opened at $621.71 on Friday. The business’s 50-day moving average is $726.22 and its two-hundred day moving average is $702.51. The firm has a market capitalization of $1.56 trillion, a PE ratio of 27.46, a price-to-earnings-growth ratio of 1.38 and a beta of 1.20. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.98 and a quick ratio of 1.98.

Meta Platforms (NASDAQ:META) last issued its earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share for the quarter, topping the consensus estimate of $6.74 by $0.51. The company 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%.The company’s revenue was up 26.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $6.03 earnings per share. Meta Platforms has set its Q4 2025 guidance at EPS. Research analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were given 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 0.3%. Meta Platforms’s dividend payout ratio (DPR) is 9.28%.

Insider Activity

In other news, Director Robert M. Kimmitt sold 465 shares of the business’s stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $716.97, for a total transaction of $333,391.05. Following the transaction, the director directly owned 7,947 shares of the company’s stock, valued at approximately $5,697,760.59. The trade was a 5.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jennifer Newstead sold 519 shares of the firm’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $628.00, for a total transaction of $325,932.00. Following the sale, the insider directly owned 27,237 shares of the company’s stock, valued at approximately $17,104,836. The trade was a 1.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 75,798 shares of company stock worth $58,347,026 over the last 90 days. Company insiders own 13.61% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on META. DA Davidson set a $825.00 price objective on shares of Meta Platforms in a report on Thursday, October 30th. Scotiabank increased their price target on shares of Meta Platforms from $675.00 to $685.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 31st. Jefferies Financial Group decreased their price target on shares of Meta Platforms from $950.00 to $910.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. Bank of America dropped their price objective on Meta Platforms from $900.00 to $810.00 and set a “buy” rating for the company in a report on Thursday, October 30th. Finally, Citizens Jmp lifted their target price on Meta Platforms from $750.00 to $900.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $827.60.

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.