Northstar Financial Companies Inc. Decreases Stock Holdings in Meta Platforms, Inc. $META

Northstar Financial Companies Inc. lowered its stake in Meta Platforms, Inc. (NASDAQ:META) by 27.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 741 shares of the social networking company’s stock after selling 275 shares during the quarter. Northstar Financial Companies Inc.’s holdings in Meta Platforms were worth $547,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in META. Evergreen Private Wealth LLC grew its holdings in shares of Meta Platforms by 237.5% in the second quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company’s stock worth $40,000 after acquiring an additional 38 shares during the period. Briaud Financial Planning Inc purchased a new position in Meta Platforms in the second quarter worth about $42,000. WFA Asset Management Corp grew its stake in shares of Meta Platforms by 42.6% during the 2nd 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. Maseco LLP purchased a new stake in shares of Meta Platforms during the 2nd quarter valued at about $54,000. Finally, eCIO Inc. purchased a new stake in shares of Meta Platforms during the 1st quarter valued at about $58,000. Institutional investors own 79.91% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. DA Davidson set a $825.00 target price on shares of Meta Platforms in a research report on Thursday, October 30th. Mizuho dropped their price target 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. Bank of America cut their price objective on shares of Meta Platforms from $900.00 to $810.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $825.00 target price (down from $900.00) on shares of Meta Platforms in a report on Thursday, October 30th. Finally, Canaccord Genuity Group reissued a “buy” rating and set a $900.00 price target on shares of Meta Platforms in a report on Thursday, October 30th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $823.93.

Meta Platforms Trading Up 2.2%

Shares of META stock opened at $647.48 on Monday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.98 and a current ratio of 1.98. The stock has a fifty day simple moving average of $683.38 and a two-hundred day simple moving average of $706.56. The firm has a market capitalization of $1.63 trillion, a PE ratio of 28.60, a PEG ratio of 1.36 and a beta of 1.28. Meta Platforms, Inc. has a 52-week low of $479.80 and a 52-week high of $796.25.

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

Meta Platforms Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 29th. Shareholders 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 is presently 9.28%.

Insider Buying and Selling at Meta Platforms

In other news, COO Javier Olivan sold 517 shares of Meta Platforms stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $598.54, for a total transaction of $309,445.18. Following the sale, the chief operating officer owned 14,785 shares in the company, valued at $8,849,413.90. This trade represents a 3.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jennifer Newstead sold 519 shares of the business’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $624.14, for a total transaction of $323,928.66. Following the completion of the transaction, the insider directly owned 31,253 shares in the company, valued at $19,506,247.42. This trade represents a 1.63% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 41,959 shares of company stock worth $26,759,811. Insiders own 13.61% of the company’s stock.

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.