Heritage Financial Services LLC Has $646,000 Stock Position in Meta Platforms, Inc. $META

Heritage Financial Services LLC reduced its position in Meta Platforms, Inc. (NASDAQ:META) by 2.6% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 875 shares of the social networking company’s stock after selling 23 shares during the period. Heritage Financial Services LLC’s holdings in Meta Platforms were worth $646,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pachira Investments Inc. grew its stake in shares of Meta Platforms by 3.0% during the second quarter. Pachira Investments Inc. now owns 488 shares of the social networking company’s stock worth $360,000 after purchasing an additional 14 shares during the period. Shelton Wealth Management LLC lifted its holdings in Meta Platforms by 0.9% during the second quarter. Shelton Wealth Management LLC now owns 1,764 shares of the social networking company’s stock worth $1,302,000 after acquiring an additional 15 shares in the last quarter. Myecfo LLC lifted its holdings in Meta Platforms by 2.0% during the second quarter. Myecfo LLC now owns 776 shares of the social networking company’s stock worth $573,000 after acquiring an additional 15 shares in the last quarter. Kooman & Associates lifted its holdings in Meta Platforms by 2.8% during the second quarter. Kooman & Associates now owns 544 shares of the social networking company’s stock worth $402,000 after acquiring an additional 15 shares in the last quarter. Finally, Nabity Jensen Investment Management Inc lifted its holdings in Meta Platforms by 1.1% during the second quarter. Nabity Jensen Investment Management Inc now owns 1,378 shares of the social networking company’s stock worth $1,017,000 after acquiring an additional 15 shares in the last quarter. 79.91% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Meta Platforms news, CEO Mark Zuckerberg sold 15,847 shares of the business’s stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $769.38, for a total transaction of $12,192,364.86. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CTO Andrew Bosworth sold 11,694 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $775.00, for a total value of $9,062,850.00. Following the transaction, the chief technology officer directly owned 1,799 shares in the company, valued at approximately $1,394,225. This trade represents a 86.67% decrease in their position. The disclosure for this sale can be found here. Insiders sold 213,663 shares of company stock worth $164,574,107 in the last three months. 13.61% of the stock is owned by corporate insiders.

Meta Platforms Price Performance

NASDAQ:META opened at $717.84 on Thursday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.97. The stock’s 50-day simple moving average is $753.89 and its 200 day simple moving average is $677.44. The company has a market cap of $1.80 trillion, a P/E ratio of 25.99, a P/E/G ratio of 1.49 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 earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.75 by $1.39. The business had revenue of $47.52 billion for the quarter, compared to the consensus estimate of $44.55 billion. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.Meta Platforms’s quarterly revenue was up 21.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, sell-side analysts forecast 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 given a dividend of $0.525 per share. 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 payout ratio is 7.60%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on META shares. Canaccord Genuity Group lifted their target price on Meta Platforms from $825.00 to $850.00 and gave the stock a “buy” rating in a report on Wednesday, July 16th. Bank of America lifted their target price on Meta Platforms from $775.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Monness Crespi & Hardt lifted their target price on Meta Platforms from $780.00 to $860.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. JPMorgan Chase & Co. lifted their target price on Meta Platforms from $795.00 to $875.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Finally, Stifel Nicolaus lifted their target price on Meta Platforms from $845.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Four investment analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $830.61.

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.