Warm Springs Advisors Inc. Has $623,000 Stake in Meta Platforms, Inc. $META

Warm Springs Advisors Inc. decreased its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 10.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 844 shares of the social networking company’s stock after selling 99 shares during the quarter. Warm Springs Advisors Inc.’s holdings in Meta Platforms were worth $623,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in META. Modera Wealth Management LLC increased its stake in Meta Platforms by 0.6% during the second quarter. Modera Wealth Management LLC now owns 10,868 shares of the social networking company’s stock valued at $8,021,000 after acquiring an additional 69 shares during the period. Twin Capital Management Inc. increased its position in shares of Meta Platforms by 1.2% during the second quarter. Twin Capital Management Inc. now owns 33,689 shares of the social networking company’s stock valued at $24,866,000 after purchasing an additional 392 shares during the period. Soltis Investment Advisors LLC raised its stake in shares of Meta Platforms by 17.4% in the second quarter. Soltis Investment Advisors LLC now owns 24,181 shares of the social networking company’s stock valued at $17,847,000 after purchasing an additional 3,585 shares in the last quarter. Souders Financial Advisors lifted its position in Meta Platforms by 9.1% in the second quarter. Souders Financial Advisors now owns 9,239 shares of the social networking company’s stock worth $6,819,000 after purchasing an additional 769 shares during the period. Finally, Mascagni Wealth Management Inc. boosted its stake in Meta Platforms by 7.7% during the second quarter. Mascagni Wealth Management Inc. now owns 3,654 shares of the social networking company’s stock worth $2,697,000 after buying an additional 260 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Jefferies Financial Group dropped their price objective on shares of Meta Platforms from $950.00 to $910.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. Stifel Nicolaus cut their price target on shares of Meta Platforms from $900.00 to $875.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. DA Davidson set a $825.00 price objective on Meta Platforms in a research note on Thursday, October 30th. Guggenheim reissued a “buy” rating and issued a $800.00 target price (up from $725.00) on shares of Meta Platforms in a report on Monday, July 28th. Finally, Wells Fargo & Company decreased their price target on Meta Platforms from $837.00 to $802.00 and set an “overweight” 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 given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, Meta Platforms currently has an average rating of “Moderate Buy” and an average price target of $827.60.

Insider Buying and Selling

In related news, insider Jennifer Newstead sold 516 shares of the stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $631.00, for a total value of $325,596.00. Following the transaction, the insider directly owned 26,721 shares in the company, valued at $16,860,951. This represents a 1.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robert M. Kimmitt sold 465 shares of the firm’s stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $716.97, for a total transaction of $333,391.05. Following the completion of the transaction, the director directly owned 7,947 shares in the company, valued at approximately $5,697,760.59. The trade was a 5.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 13,359 shares of company stock valued at $9,689,566 over the last ninety days. Insiders own 13.61% of the company’s stock.

Meta Platforms Trading Down 1.2%

META opened at $602.01 on Tuesday. 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 market capitalization of $1.52 trillion, a PE ratio of 26.59, a PEG ratio of 1.35 and a beta of 1.20. Meta Platforms, Inc. has a 1-year low of $479.80 and a 1-year high of $796.25. The firm has a 50-day moving average price of $710.72 and a two-hundred day moving average price of $706.49.

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

Meta Platforms Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were paid a $0.525 dividend. 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 dividend payout ratio (DPR) is 9.28%.

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.