Meta Platforms, Inc. $META Holdings Lifted by Snider Financial Group

Snider Financial Group boosted its position in Meta Platforms, Inc. (NASDAQ:META) by 1.0% in the 2nd quarter, Holdings Channel reports. The firm owned 11,766 shares of the social networking company’s stock after buying an additional 121 shares during the quarter. Meta Platforms accounts for approximately 2.5% of Snider Financial Group’s portfolio, making the stock its 9th biggest position. Snider Financial Group’s holdings in Meta Platforms were worth $8,684,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Brighton Jones LLC increased its holdings in 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 acquiring an additional 570 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in shares of 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 worth $5,537,000 after buying an additional 875 shares during the last quarter. 1776 Wealth LLC increased its stake in Meta Platforms by 137.2% in the first quarter. 1776 Wealth LLC now owns 1,167 shares of the social networking company’s stock valued at $673,000 after purchasing an additional 675 shares during the period. Smart Money Group LLC increased its holdings in shares of Meta Platforms by 20.4% in the 1st quarter. Smart Money Group LLC now owns 2,052 shares of the social networking company’s stock valued at $1,182,000 after purchasing an additional 348 shares in the last quarter. Finally, Berbice Capital Management LLC raised its holdings in shares of Meta Platforms by 4.3% in the first quarter. Berbice Capital Management LLC now owns 18,675 shares of the social networking company’s stock worth $10,764,000 after acquiring an additional 770 shares during the last quarter. Institutional investors own 79.91% of the company’s stock.

Insider Buying and Selling

In other Meta Platforms news, CTO Andrew Bosworth sold 11,694 shares of Meta Platforms stock in a transaction on Monday, August 18th. The shares were sold at an average price of $775.00, for a total value of $9,062,850.00. Following the completion of the transaction, the chief technology officer directly owned 1,799 shares of the company’s stock, valued at $1,394,225. This trade represents a 86.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Jennifer Newstead sold 519 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $726.25, for a total value of $376,923.75. Following the completion of the sale, the insider owned 31,908 shares in the company, valued at approximately $23,173,185. The trade was a 1.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 44,421 shares of company stock worth $33,573,980. 13.61% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Wall Street Zen downgraded Meta Platforms from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Rosenblatt Securities lifted their price objective on shares of Meta Platforms from $1,086.00 to $1,117.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Oppenheimer downgraded Meta Platforms from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 30th. Bank of America dropped their target price on Meta Platforms from $900.00 to $810.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Finally, Wells Fargo & Company decreased their price target on shares of Meta Platforms from $837.00 to $802.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, Meta Platforms presently has a consensus rating of “Moderate Buy” and a consensus price target of $827.60.

Meta Platforms Trading Up 0.1%

NASDAQ:META opened at $609.89 on Friday. The firm has a 50-day moving average of $716.58 and a 200-day moving average of $703.72. 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, Inc. has a one year low of $479.80 and a one year high of $796.25. The company has a market cap of $1.54 trillion, a PE ratio of 26.94, a PEG ratio of 1.35 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last issued its earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.74 by $0.51. The business had revenue of $51.24 billion for 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 business’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 posted $6.03 EPS. Meta Platforms has set its Q4 2025 guidance at EPS. As a group, equities research analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently announced 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. The ex-dividend date was Monday, September 22nd. This represents a $2.10 annualized dividend and a yield of 0.3%. Meta Platforms’s payout ratio is 9.28%.

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.