Long Run Wealth Advisors LLC Acquires New Shares in Meta Platforms, Inc. $META

Long Run Wealth Advisors LLC bought a new position in shares of Meta Platforms, Inc. (NASDAQ:META) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 433 shares of the social networking company’s stock, valued at approximately $320,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Washington Trust Bank raised its position in shares of Meta Platforms by 6.2% during the second quarter. Washington Trust Bank now owns 24,489 shares of the social networking company’s stock worth $18,075,000 after purchasing an additional 1,419 shares during the period. Achmea Investment Management B.V. increased its stake in Meta Platforms by 4.1% during the 2nd quarter. Achmea Investment Management B.V. now owns 313,131 shares of the social networking company’s stock worth $231,119,000 after purchasing an additional 12,322 shares in the last quarter. Golden State Wealth Management LLC raised its holdings in Meta Platforms by 71.4% during the 2nd quarter. Golden State Wealth Management LLC now owns 8,590 shares of the social networking company’s stock worth $6,341,000 after buying an additional 3,577 shares during the period. Commonwealth Equity Services LLC raised its holdings in Meta Platforms by 3.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 658,953 shares of the social networking company’s stock worth $486,367,000 after buying an additional 22,005 shares during the period. Finally, Suncoast Equity Management lifted its stake in Meta Platforms by 1.1% in the second quarter. Suncoast Equity Management now owns 46,326 shares of the social networking company’s stock valued at $34,193,000 after buying an additional 520 shares in the last quarter. 79.91% of the stock is owned by institutional investors and hedge funds.

Meta Platforms Trading Down 1.2%

NASDAQ META opened at $602.01 on Tuesday. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.15. The stock has a 50 day moving average of $710.72 and a 200-day moving average of $706.49. The company has a market cap of $1.52 trillion, a PE ratio of 26.59, a PEG ratio of 1.35 and a beta of 1.20.

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

Meta Platforms Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were paid a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 0.3%. The ex-dividend date was Monday, September 22nd. Meta Platforms’s dividend payout ratio (DPR) is 9.28%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Piper Sandler lowered their price objective on shares of Meta Platforms from $880.00 to $840.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. Erste Group Bank cut Meta Platforms from a “buy” rating to a “hold” rating in a report on Monday, November 10th. Needham & Company LLC restated a “hold” rating on shares of Meta Platforms in a report on Thursday, October 30th. Roth Capital reaffirmed a “buy” rating on shares of Meta Platforms in a research report on Thursday, October 30th. Finally, Cantor Fitzgerald decreased their price objective on Meta Platforms from $920.00 to $830.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Four equities research 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’s stock. Based on data from MarketBeat.com, Meta Platforms currently has a consensus rating of “Moderate Buy” and a consensus target price of $827.60.

Insider Buying and Selling

In other Meta Platforms news, insider Jennifer Newstead sold 519 shares of the business’s stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $767.16, for a total transaction of $398,156.04. Following the transaction, the insider owned 30,870 shares of the company’s stock, valued at $23,682,229.20. The trade was a 1.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 13,359 shares of company stock worth $9,689,566 in the last three months. Company insiders own 13.61% of the company’s stock.

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.