WNY Asset Management LLC Lowers Stake in Meta Platforms, Inc. $META

WNY Asset Management LLC cut its holdings in Meta Platforms, Inc. (NASDAQ:META) by 3.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,893 shares of the social networking company’s stock after selling 131 shares during the quarter. WNY Asset Management LLC’s holdings in Meta Platforms were worth $2,874,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in META. Pachira Investments Inc. raised 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 last quarter. Hemington Wealth Management grew its position in Meta Platforms by 0.6% in the 2nd quarter. Hemington Wealth Management now owns 2,223 shares of the social networking company’s stock valued at $1,641,000 after buying an additional 14 shares during the last quarter. Myecfo LLC increased its stake in Meta Platforms by 2.0% in the 2nd quarter. Myecfo LLC now owns 776 shares of the social networking company’s stock valued at $573,000 after buying an additional 15 shares during the period. Shelton Wealth Management LLC raised its position in Meta Platforms by 0.9% during the 2nd quarter. Shelton Wealth Management LLC now owns 1,764 shares of the social networking company’s stock worth $1,302,000 after buying an additional 15 shares during the last quarter. Finally, Kooman & Associates lifted its stake in shares of Meta Platforms by 2.8% in the 2nd quarter. Kooman & Associates now owns 544 shares of the social networking company’s stock worth $402,000 after acquiring an additional 15 shares during the period. Institutional investors and hedge funds own 79.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. lowered their target price on shares of Meta Platforms from $875.00 to $800.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Piper Sandler reduced 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. Morgan Stanley boosted their target price on Meta Platforms from $750.00 to $850.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Sanford C. Bernstein reissued an “outperform” rating and issued a $870.00 price target (down from $900.00) on shares of Meta Platforms in a report on Thursday, October 30th. Finally, TD Cowen decreased their price target on Meta Platforms from $875.00 to $810.00 and set a “buy” rating on the stock in a research note on Thursday, October 30th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Meta Platforms presently has a consensus rating of “Moderate Buy” and a consensus price target of $827.60.

Meta Platforms Price Performance

Shares of NASDAQ:META opened at $621.71 on Friday. The firm has a market capitalization of $1.56 trillion, a price-to-earnings ratio of 27.46, a price-to-earnings-growth ratio of 1.38 and a beta of 1.20. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.98 and a quick ratio of 1.98. The business’s 50 day simple moving average is $726.22 and its 200-day simple moving average is $702.51. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25.

Meta Platforms (NASDAQ:META) last issued 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. The firm had revenue of $51.24 billion during the quarter, compared to analysts’ expectations of $49.34 billion. Meta Platforms had a return on equity of 39.35% and a net margin of 30.89%.Meta Platforms’s revenue was up 26.2% on a year-over-year basis. During the same period in the previous year, the firm posted $6.03 earnings per share. Meta Platforms has set its Q4 2025 guidance at EPS. As a group, equities analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were paid 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 9.28%.

Insider Buying and Selling

In other Meta Platforms news, insider Jennifer Newstead sold 519 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $628.00, for a total transaction of $325,932.00. Following the completion of the transaction, the insider directly owned 27,237 shares in the company, valued at approximately $17,104,836. This trade represents a 1.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Javier Olivan sold 517 shares of Meta Platforms stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $656.00, for a total transaction of $339,152.00. Following the transaction, the chief operating officer owned 7,441 shares of the company’s stock, valued at approximately $4,881,296. The trade was a 6.50% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 75,798 shares of company stock worth $58,347,026 in the last three months. Corporate 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.