Foundation Wealth Management LLC PA Purchases New Position in Meta Platforms, Inc. $META

Foundation Wealth Management LLC PA purchased a new position in shares of Meta Platforms, Inc. (NASDAQ:META) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 349 shares of the social networking company’s stock, valued at approximately $258,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management raised its stake in shares of Meta Platforms by 36.7% during the 2nd quarter. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management now owns 31,300 shares of the social networking company’s stock worth $23,102,000 after buying an additional 8,400 shares during the period. Integrated Quantitative Investments LLC acquired a new position in Meta Platforms during the second quarter worth $1,709,000. Western Wealth Management LLC lifted its holdings in Meta Platforms by 8.3% during the second quarter. Western Wealth Management LLC now owns 21,258 shares of the social networking company’s stock valued at $15,691,000 after purchasing an additional 1,635 shares in the last quarter. Waratah Capital Advisors Ltd. grew its position in shares of Meta Platforms by 70.3% in the second quarter. Waratah Capital Advisors Ltd. now owns 34,782 shares of the social networking company’s stock valued at $25,672,000 after purchasing an additional 14,361 shares during the period. Finally, Bell Investment Advisors Inc increased its stake in shares of Meta Platforms by 62.8% during the second quarter. Bell Investment Advisors Inc now owns 1,185 shares of the social networking company’s stock worth $875,000 after purchasing an additional 457 shares in the last quarter. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Meta Platforms

In other news, CAO Aaron Anderson sold 726 shares of the stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $591.60, for a total transaction of $429,501.60. Following the completion of the transaction, the chief accounting officer directly owned 6,035 shares in the company, valued at approximately $3,570,306. This represents a 10.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Andrew Bosworth sold 11,690 shares of the business’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $593.31, for a total transaction of $6,935,793.90. Following the completion of the sale, the chief technology officer owned 2,415 shares in the company, valued at approximately $1,432,843.65. This trade represents a 82.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 41,959 shares of company stock valued at $26,759,811 in the last ninety days. 13.61% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. TD Cowen lowered their price objective on Meta Platforms from $875.00 to $810.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. Oppenheimer lowered Meta Platforms from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 30th. Bank of America dropped their price target 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. Stifel Nicolaus decreased their price objective on Meta Platforms from $900.00 to $875.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. Finally, DA Davidson set a $825.00 target price on shares of Meta Platforms in a research note on Thursday, October 30th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $823.93.

Meta Platforms Stock Down 0.4%

NASDAQ META opened at $633.61 on Thursday. The business’s fifty day simple moving average is $688.93 and its 200-day simple moving average is $706.33. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.15. The firm has a market cap of $1.60 trillion, a PE ratio of 27.99, a P/E/G ratio of 1.33 and a beta of 1.20. Meta Platforms, Inc. has a 52 week low of $479.80 and a 52 week high of $796.25.

Meta Platforms (NASDAQ:META) last released its quarterly earnings data on Wednesday, October 29th. The social networking company reported $7.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.74 by $0.51. Meta Platforms had a net margin of 30.89% and a return on equity of 39.35%. The firm had revenue of $51.24 billion during the quarter, compared to analysts’ expectations of $49.34 billion. During the same period last year, the business earned $6.03 earnings per share. Meta Platforms’s revenue was up 26.2% compared to the same quarter last year. Meta Platforms has set its Q4 2025 guidance at EPS. As a group, equities analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Dividend Announcement

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

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.