Summit Investment Advisors Inc. Has $31.37 Million Position in Meta Platforms, Inc. $META

Summit Investment Advisors Inc. raised its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 1.2% in the 1st quarter, HoldingsChannel reports. The firm owned 54,434 shares of the social networking company’s stock after buying an additional 627 shares during the period. Meta Platforms makes up approximately 25.9% of Summit Investment Advisors Inc.’s holdings, making the stock its 12th largest holding. Summit Investment Advisors Inc.’s holdings in Meta Platforms were worth $31,374,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of META. Brighton Jones LLC raised 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 valued at $20,230,000 after acquiring an additional 570 shares during the period. Revolve Wealth Partners LLC increased its stake in shares of Meta Platforms by 10.2% during the fourth quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company’s stock worth $5,537,000 after purchasing an additional 875 shares during the period. 1776 Wealth LLC lifted its holdings in Meta Platforms by 137.2% during the 1st quarter. 1776 Wealth LLC now owns 1,167 shares of the social networking company’s stock worth $673,000 after purchasing an additional 675 shares during the last quarter. Smart Money Group LLC boosted its stake in 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 during the period. Finally, Woodward Diversified Capital LLC increased its position in Meta Platforms by 5.5% during the 1st quarter. Woodward Diversified Capital LLC now owns 3,371 shares of the social networking company’s stock worth $1,943,000 after buying an additional 175 shares during the period. 79.91% of the stock is owned by institutional investors.

Meta Platforms Trading Down 0.7%

Shares of META stock opened at $597.69 on Wednesday. Meta Platforms, Inc. has a fifty-two week low of $479.80 and a fifty-two week high of $796.25. The stock’s fifty day moving average price is $707.36 and its two-hundred day moving average price is $706.50. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.98 and a current ratio of 1.98. The company has a market cap of $1.51 trillion, a PE ratio of 26.40, a P/E/G ratio of 1.34 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings data 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 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% on a year-over-year basis. During the same period in the prior year, the company earned $6.03 EPS. Meta Platforms has set its Q4 2025 guidance at EPS. Equities analysts predict 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. Shareholders of record on Monday, September 22nd were given a $0.525 dividend. The ex-dividend date was Monday, September 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 0.4%. Meta Platforms’s dividend payout ratio (DPR) is currently 9.28%.

Insider Transactions at Meta Platforms

In other news, COO Javier Olivan sold 517 shares of the firm’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $604.23, for a total transaction of $312,386.91. Following the completion of the transaction, the chief operating officer owned 15,302 shares of the company’s stock, valued at approximately $9,245,927.46. This trade represents a 3.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jennifer Newstead sold 516 shares of the firm’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $631.00, for a total value of $325,596.00. Following the transaction, the insider directly owned 26,721 shares of the company’s stock, valued at approximately $16,860,951. This represents a 1.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 28,424 shares of company stock worth $18,868,377. 13.61% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on META shares. Weiss Ratings restated a “buy (b-)” rating on shares of Meta Platforms in a research note on Thursday, November 13th. Stifel Nicolaus decreased their target price on shares of Meta Platforms from $900.00 to $875.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. Hsbc Global Res upgraded shares of Meta Platforms from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 31st. Cantor Fitzgerald cut their price target on Meta Platforms from $920.00 to $830.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Finally, Truist Financial lowered their price objective 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. Four analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $827.60.

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.