Beacon Financial Advisory LLC Purchases 131 Shares of Meta Platforms, Inc. $META

Beacon Financial Advisory LLC boosted its position in Meta Platforms, Inc. (NASDAQ:META) by 4.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,246 shares of the social networking company’s stock after acquiring an additional 131 shares during the period. Meta Platforms accounts for 0.6% of Beacon Financial Advisory LLC’s portfolio, making the stock its 27th largest position. Beacon Financial Advisory LLC’s holdings in Meta Platforms were worth $2,396,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Marietta Wealth Management LLC boosted its holdings in Meta Platforms by 0.9% in the second quarter. Marietta Wealth Management LLC now owns 16,517 shares of the social networking company’s stock valued at $12,191,000 after acquiring an additional 149 shares during the last quarter. Iron Horse Wealth Management LLC boosted its holdings in Meta Platforms by 222.5% in the second quarter. Iron Horse Wealth Management LLC now owns 558 shares of the social networking company’s stock valued at $412,000 after acquiring an additional 385 shares during the last quarter. Simplicity Wealth LLC boosted its holdings in Meta Platforms by 69.1% in the second quarter. Simplicity Wealth LLC now owns 27,738 shares of the social networking company’s stock valued at $20,472,000 after acquiring an additional 11,332 shares during the last quarter. Chemung Canal Trust Co. boosted its holdings in Meta Platforms by 3.5% in the second quarter. Chemung Canal Trust Co. now owns 9,764 shares of the social networking company’s stock valued at $7,207,000 after acquiring an additional 327 shares during the last quarter. Finally, OLD National Bancorp IN boosted its holdings in Meta Platforms by 17.8% in the second quarter. OLD National Bancorp IN now owns 80,032 shares of the social networking company’s stock valued at $59,071,000 after acquiring an additional 12,091 shares during the last quarter. Institutional investors own 79.91% of the company’s stock.

Meta Platforms Trading Down 3.8%

NASDAQ META opened at $705.30 on Monday. The firm has a market cap of $1.77 trillion, a P/E ratio of 25.54, a P/E/G ratio of 1.47 and a beta of 1.20. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.97 and a quick ratio of 1.97. The stock’s 50-day moving average is $752.20 and its 200-day moving average is $679.78. Meta Platforms, Inc. has a one year low of $479.80 and a one year high of $796.25.

Meta Platforms (NASDAQ:META) last released its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, topping analysts’ consensus estimates of $5.75 by $1.39. The company had revenue of $47.52 billion for the quarter, compared to analyst estimates of $44.55 billion. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.Meta Platforms’s revenue was up 21.6% compared to the same quarter last year. During the same quarter last year, the firm posted $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. Sell-side analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share 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 given a dividend of $0.525 per share. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. Meta Platforms’s dividend payout ratio (DPR) is currently 7.60%.

Analyst Upgrades and Downgrades

META has been the topic of several recent research reports. Bank of America raised their price target on Meta Platforms from $775.00 to $900.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Benchmark increased their target price on Meta Platforms from $800.00 to $890.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Citizens Jmp increased their target price on Meta Platforms from $750.00 to $900.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. DA Davidson increased their target price on Meta Platforms from $650.00 to $825.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Finally, Monness Crespi & Hardt increased their target price on Meta Platforms from $780.00 to $860.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Four research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $830.68.

Insider Transactions at Meta Platforms

In related news, Director Robert M. Kimmitt sold 465 shares of the stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $757.47, for a total transaction of $352,223.55. Following the completion of the transaction, the director directly owned 8,412 shares in the company, valued at approximately $6,371,837.64. This trade represents a 5.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Javier Olivan sold 517 shares of the stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $704.81, for a total value of $364,386.77. Following the transaction, the chief operating officer owned 9,509 shares of the company’s stock, valued at approximately $6,702,038.29. The trade was a 5.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 213,665 shares of company stock valued at $164,575,272 over the last 90 days. 13.61% of the stock is owned by company 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.