Firestone Capital Management Sells 331 Shares of Meta Platforms, Inc. $META

Firestone Capital Management reduced its position in Meta Platforms, Inc. (NASDAQ:META) by 4.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,130 shares of the social networking company’s stock after selling 331 shares during the quarter. Meta Platforms accounts for approximately 1.2% of Firestone Capital Management’s holdings, making the stock its 20th biggest holding. Firestone Capital Management’s holdings in Meta Platforms were worth $5,263,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Brighton Jones LLC increased its stake in Meta Platforms by 1.7% in the 4th quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company’s stock worth $20,230,000 after buying an additional 570 shares during the period. Revolve Wealth Partners LLC increased its position in shares of Meta Platforms by 10.2% during the fourth quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company’s stock worth $5,537,000 after acquiring an additional 875 shares during the period. Smart Money Group LLC boosted its holdings in shares of Meta Platforms by 20.4% in the first quarter. Smart Money Group LLC now owns 2,052 shares of the social networking company’s stock valued at $1,182,000 after purchasing an additional 348 shares during the period. Aspire Growth Partners LLC grew its stake in Meta Platforms by 7.3% in the first quarter. Aspire Growth Partners LLC now owns 662 shares of the social networking company’s stock worth $395,000 after purchasing an additional 45 shares in the last quarter. Finally, Tufton Capital Management increased its holdings in Meta Platforms by 1.6% during the 1st quarter. Tufton Capital Management now owns 2,474 shares of the social networking company’s stock worth $1,426,000 after purchasing an additional 40 shares during the period. Institutional investors own 79.91% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. DA Davidson set a $825.00 price target on Meta Platforms in a research report on Thursday, October 30th. Erste Group Bank downgraded Meta Platforms from a “buy” rating to a “hold” rating in a report on Monday, November 10th. Needham & Company LLC reiterated a “hold” rating on shares of Meta Platforms in a research note on Thursday, October 30th. JMP Securities lifted their price target on shares of Meta Platforms from $750.00 to $900.00 and gave the stock a “market outperform” rating in a report on Thursday, July 31st. Finally, Rosenblatt Securities boosted their price target on Meta Platforms from $1,086.00 to $1,117.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Four research analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, Meta Platforms has an average rating of “Moderate Buy” and a consensus target price of $823.93.

Insider Buying and Selling

In other news, CAO Aaron Anderson sold 726 shares of Meta Platforms stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $591.60, for a total transaction of $429,501.60. Following the transaction, the chief accounting officer owned 6,035 shares in the company, valued at $3,570,306. The trade was a 10.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert M. Kimmitt sold 600 shares of Meta Platforms stock in a transaction on Monday, November 17th. The shares were sold at an average price of $609.35, for a total value of $365,610.00. Following the completion of the sale, the director owned 7,347 shares in the company, valued at $4,476,894.45. This represents a 7.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 41,959 shares of company stock worth $26,759,811 in the last 90 days. Corporate insiders own 13.61% of the company’s stock.

Meta Platforms Stock Performance

NASDAQ META opened at $633.61 on Thursday. The stock has a 50-day simple moving average of $688.93 and a two-hundred day simple moving average of $706.33. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.98 and a current ratio of 1.98. The firm has a market capitalization of $1.60 trillion, a P/E ratio of 27.99, a PEG ratio of 1.33 and a beta of 1.20. 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 posted its earnings results 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 business had revenue of $51.24 billion for the quarter, compared to analyst estimates of $49.34 billion. Meta Platforms had a net margin of 30.89% and a return on equity of 39.35%. The company’s revenue for the quarter was up 26.2% on a year-over-year basis. During the same period in the prior year, the company posted $6.03 EPS. Meta Platforms has set its Q4 2025 guidance at EPS. On average, equities analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were given 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 was Monday, September 22nd. Meta Platforms’s payout ratio is presently 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.