Meta Platforms, Inc. $META Shares Acquired by Atlas Legacy Advisors LLC

Atlas Legacy Advisors LLC lifted its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 13.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,689 shares of the social networking company’s stock after purchasing an additional 318 shares during the quarter. Atlas Legacy Advisors LLC’s holdings in Meta Platforms were worth $1,985,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Evergreen Private Wealth LLC raised its stake in shares of Meta Platforms by 237.5% in the 2nd quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company’s stock valued at $40,000 after acquiring an additional 38 shares during the period. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Meta Platforms during the 1st quarter worth approximately $33,000. Briaud Financial Planning Inc acquired a new stake in Meta Platforms in the 2nd quarter valued at approximately $42,000. WFA Asset Management Corp raised its position in Meta Platforms by 42.6% in the second quarter. WFA Asset Management Corp now owns 67 shares of the social networking company’s stock valued at $49,000 after purchasing an additional 20 shares during the period. Finally, Maseco LLP purchased a new stake in Meta Platforms in the second quarter valued at approximately $54,000. 79.91% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Meta Platforms news, insider Jennifer Newstead sold 519 shares of the firm’s stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $767.16, for a total transaction of $398,156.04. Following the sale, the insider owned 30,870 shares of the company’s stock, valued at approximately $23,682,229.20. This trade represents a 1.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 13,359 shares of company stock valued at $9,689,566 in the last 90 days. Corporate insiders own 13.61% of the company’s stock.

Meta Platforms Stock Performance

Shares of META stock opened at $602.01 on Tuesday. The company has a market cap of $1.52 trillion, a P/E ratio of 26.59, a PEG ratio of 1.35 and a beta of 1.20. The firm has a fifty day moving average price of $710.72 and a 200 day moving average price of $706.49. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.15. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share for the quarter, beating analysts’ consensus estimates of $6.74 by $0.51. The company had revenue of $51.24 billion for the quarter, compared to analysts’ expectations of $49.34 billion. Meta Platforms had a return on equity of 39.35% and a net margin of 30.89%.Meta Platforms’s quarterly revenue was up 26.2% on a year-over-year basis. During the same period last year, the firm earned $6.03 earnings per share. Meta Platforms has set its Q4 2025 guidance at EPS. Sell-side analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Monday, September 22nd. Meta Platforms’s dividend payout ratio is 9.28%.

Analyst Ratings Changes

META has been the subject of several research analyst reports. Rosenblatt Securities raised their price target on Meta Platforms from $1,086.00 to $1,117.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Stifel Nicolaus decreased their target price 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. Mizuho dropped their target price on Meta Platforms from $925.00 to $815.00 and set an “outperform” rating for the company in a research report on Thursday, October 30th. Citizens Jmp boosted their price target on shares of Meta Platforms from $750.00 to $900.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. Finally, Needham & Company LLC reissued a “hold” rating on shares of Meta Platforms in a research report on Thursday, October 30th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, Meta Platforms presently has a consensus rating of “Moderate Buy” and a consensus target price of $827.60.

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.