Meta Platforms, Inc. $META Shares Sold by Horizon Wealth Management LLC

Horizon Wealth Management LLC reduced its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 10.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,734 shares of the social networking company’s stock after selling 208 shares during the quarter. Horizon Wealth Management LLC’s holdings in Meta Platforms were worth $1,280,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in META. Buck Wealth Strategies LLC raised its stake in shares of Meta Platforms by 57.0% in the 2nd quarter. Buck Wealth Strategies LLC now owns 1,386 shares of the social networking company’s stock valued at $1,023,000 after acquiring an additional 503 shares during the period. Arkadios Wealth Advisors increased its holdings in Meta Platforms by 6.2% in the 2nd quarter. Arkadios Wealth Advisors now owns 43,763 shares of the social networking company’s stock valued at $32,301,000 after purchasing an additional 2,536 shares in the last quarter. Barnes Dennig Private Wealth Management LLC raised its position in Meta Platforms by 437.5% in the second quarter. Barnes Dennig Private Wealth Management LLC now owns 258 shares of the social networking company’s stock valued at $190,000 after purchasing an additional 210 shares during the period. World Investment Advisors raised its position in Meta Platforms by 1.4% in the second quarter. World Investment Advisors now owns 76,267 shares of the social networking company’s stock valued at $56,293,000 after purchasing an additional 1,047 shares during the period. Finally, Lathrop Investment Management Co. lifted its stake in shares of Meta Platforms by 11.3% during the second quarter. Lathrop Investment Management Co. now owns 718 shares of the social networking company’s stock worth $530,000 after purchasing an additional 73 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Wall Street Analysts Forecast Growth

META has been the subject of a number of recent research reports. Zacks Research upgraded Meta Platforms from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 20th. Wells Fargo & Company lowered their price objective 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. Mizuho dropped their price objective on shares of Meta Platforms from $925.00 to $815.00 and set an “outperform” rating on the stock in a research note on Thursday, October 30th. Sanford C. Bernstein reissued an “outperform” rating and set a $870.00 target price (down from $900.00) on shares of Meta Platforms in a research report on Thursday, October 30th. Finally, Guggenheim reaffirmed a “buy” rating and set a $800.00 price target (up from $725.00) on shares of Meta Platforms in a report on Monday, July 28th. Four investment 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. According to MarketBeat.com, Meta Platforms presently has an average rating of “Moderate Buy” and an average price target of $827.60.

Insider Activity

In other Meta Platforms news, COO Javier Olivan sold 517 shares of the stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $656.00, for a total transaction of $339,152.00. Following the sale, the chief operating officer directly owned 7,441 shares of the company’s stock, valued at approximately $4,881,296. This represents a 6.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jennifer Newstead sold 519 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $628.00, for a total transaction of $325,932.00. Following the completion of the transaction, the insider owned 27,237 shares in the company, valued at approximately $17,104,836. The trade was a 1.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 75,281 shares of company stock worth $57,948,936. 13.61% of the stock is currently owned by insiders.

Meta Platforms Price Performance

META opened at $621.71 on Monday. The company has a 50-day moving average of $726.22 and a 200-day moving average of $703.79. The company has a market capitalization of $1.57 trillion, a P/E ratio of 27.46, a PEG ratio of 1.38 and a beta of 1.20. Meta Platforms, Inc. has a 1-year low of $479.80 and a 1-year high of $796.25. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.98 and a current ratio of 1.98.

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

Meta Platforms Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Stockholders 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 annualized dividend and a dividend yield of 0.3%. Meta Platforms’s dividend payout ratio (DPR) is presently 9.28%.

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.