Ellsworth Advisors LLC Has $2.80 Million Position in Meta Platforms, Inc. $META

Ellsworth Advisors LLC cut its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 59.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,860 shares of the social networking company’s stock after selling 6,999 shares during the quarter. Ellsworth Advisors LLC’s holdings in Meta Platforms were worth $2,801,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Lantern Wealth Advisors LLC increased its holdings in shares of Meta Platforms by 0.5% during the 4th quarter. Lantern Wealth Advisors LLC now owns 2,976 shares of the social networking company’s stock worth $1,743,000 after acquiring an additional 14 shares during the last quarter. ABLE Financial Group LLC boosted its stake in Meta Platforms by 0.7% in the 4th quarter. ABLE Financial Group LLC now owns 2,136 shares of the social networking company’s stock valued at $1,251,000 after purchasing an additional 15 shares during the period. Cedar Point Capital Partners LLC boosted its stake in Meta Platforms by 2.2% in the 1st quarter. Cedar Point Capital Partners LLC now owns 752 shares of the social networking company’s stock valued at $433,000 after purchasing an additional 16 shares during the period. Mosaic Family Wealth Partners LLC boosted its stake in Meta Platforms by 1.2% in the 4th quarter. Mosaic Family Wealth Partners LLC now owns 1,435 shares of the social networking company’s stock valued at $840,000 after purchasing an additional 17 shares during the period. Finally, Orin Green Financial LLC boosted its stake in Meta Platforms by 2.2% in the 4th quarter. Orin Green Financial LLC now owns 795 shares of the social networking company’s stock valued at $465,000 after purchasing an additional 17 shares during the period. 79.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price target on Meta Platforms from $795.00 to $875.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Sanford C. Bernstein boosted their price target on Meta Platforms from $775.00 to $900.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. TD Cowen boosted their price target on Meta Platforms from $800.00 to $875.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Citizens Jmp boosted their price target on Meta Platforms from $750.00 to $900.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. Finally, Wells Fargo & Company boosted their price target on Meta Platforms from $783.00 to $811.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Three research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Meta Platforms presently has a consensus rating of “Moderate Buy” and an average price target of $822.41.

Meta Platforms Stock Performance

NASDAQ:META opened at $751.98 on Thursday. The stock has a fifty day moving average price of $740.37 and a 200-day moving average price of $660.67. The company has a market cap of $1.89 trillion, a price-to-earnings ratio of 27.23, a PEG ratio of 1.58 and a beta of 1.24. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.97. Meta Platforms, Inc. has a fifty-two week low of $479.80 and a fifty-two week high of $796.25.

Meta Platforms (NASDAQ:META) last released its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 earnings per share for the quarter, beating the consensus estimate of $5.75 by $1.39. The business had revenue of $47.52 billion for the quarter, compared to analyst estimates of $44.55 billion. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.Meta Platforms’s revenue was up 21.6% compared to the same quarter last year. During the same period last year, the firm posted $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, equities analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Robert M. Kimmitt sold 465 shares of the firm’s stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $784.32, for a total value of $364,708.80. Following the sale, the director directly owned 8,877 shares of the company’s stock, valued at $6,962,408.64. This trade represents a 4.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CTO Andrew Bosworth sold 11,694 shares of the firm’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $775.00, for a total value of $9,062,850.00. Following the completion of the sale, the chief technology officer directly owned 1,799 shares in the company, valued at $1,394,225. This trade represents a 86.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 282,761 shares of company stock valued at $213,726,766 over the last ninety days. 13.61% of the stock is owned by insiders.

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.