MJP Associates Inc. ADV Increases Stock Holdings in Meta Platforms, Inc. $META

MJP Associates Inc. ADV boosted its stake in Meta Platforms, Inc. (NASDAQ:META) by 9.3% in the second quarter, HoldingsChannel reports. The institutional investor owned 6,506 shares of the social networking company’s stock after buying an additional 553 shares during the quarter. Meta Platforms accounts for approximately 0.7% of MJP Associates Inc. ADV’s portfolio, making the stock its 22nd biggest position. MJP Associates Inc. ADV’s holdings in Meta Platforms were worth $4,802,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Cetera Investment Advisers raised its holdings in shares of Meta Platforms by 5.2% in the second quarter. Cetera Investment Advisers now owns 536,647 shares of the social networking company’s stock valued at $396,094,000 after purchasing an additional 26,700 shares during the last quarter. Campbell Deegan Wealth Management LLC purchased a new position in Meta Platforms during the second quarter worth about $225,000. Fusion Capital LLC grew its position in Meta Platforms by 0.8% in the 2nd quarter. Fusion Capital LLC now owns 2,001 shares of the social networking company’s stock worth $1,477,000 after purchasing an additional 16 shares in the last quarter. Flaharty Asset Management LLC increased its stake in Meta Platforms by 4.1% in the 2nd quarter. Flaharty Asset Management LLC now owns 479 shares of the social networking company’s stock valued at $354,000 after buying an additional 19 shares during the last quarter. Finally, New England Capital Financial Advisors LLC increased its stake in Meta Platforms by 17.2% in the 2nd quarter. New England Capital Financial Advisors LLC now owns 525 shares of the social networking company’s stock valued at $388,000 after buying an additional 77 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on META shares. BMO Capital Markets upped their target price on Meta Platforms from $610.00 to $710.00 and gave the company a “market perform” rating in a report on Thursday, July 31st. KeyCorp cut their price objective on Meta Platforms from $905.00 to $875.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Jefferies Financial Group decreased their target price on Meta Platforms from $950.00 to $910.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Loop Capital reiterated a “buy” rating and set a $980.00 target price (up from $888.00) on shares of Meta Platforms in a research note on Tuesday, August 5th. Finally, Wall Street Zen lowered shares of Meta Platforms from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Three investment analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $823.93.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, CTO Andrew Bosworth sold 11,690 shares of the company’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $593.31, for a total value of $6,935,793.90. Following the transaction, the chief technology officer directly owned 2,415 shares in the company, valued at $1,432,843.65. This represents a 82.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Javier Olivan sold 2,610 shares of Meta Platforms stock in a transaction dated Saturday, November 15th. The shares were sold at an average price of $609.46, for a total value of $1,590,690.60. Following the sale, the chief operating officer owned 9,784 shares of the company’s stock, valued at approximately $5,962,956.64. This trade represents a 21.06% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 40,923 shares of company stock valued at $26,126,437 over the last 90 days. Insiders own 13.61% of the company’s stock.

Meta Platforms Stock Up 3.8%

Shares of NASDAQ META opened at $636.22 on Wednesday. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.15. The company has a market cap of $1.60 trillion, a P/E ratio of 28.10, a P/E/G ratio of 1.28 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. The business has a 50-day simple moving average of $691.78 and a two-hundred day simple moving average of $706.84.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.74 by $0.51. Meta Platforms had a net margin of 30.89% and a return on equity of 39.35%. The firm had revenue of $51.24 billion for the quarter, compared to the consensus estimate of $49.34 billion. During the same period in the prior year, the firm posted $6.03 earnings per share. The company’s revenue for the quarter was up 26.2% on a year-over-year basis. Meta Platforms has set its Q4 2025 guidance at EPS. Research 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 disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were paid a dividend of $0.525 per share. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.10 annualized dividend and a yield of 0.3%. Meta Platforms’s dividend payout ratio (DPR) is currently 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.