SNS Financial Group LLC Raises Stake in Meta Platforms, Inc. $META

SNS Financial Group LLC raised its holdings in Meta Platforms, Inc. (NASDAQ:META) by 3.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,625 shares of the social networking company’s stock after purchasing an additional 157 shares during the quarter. SNS Financial Group LLC’s holdings in Meta Platforms were worth $3,414,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in META. Financial Alternatives Inc purchased a new position in shares of Meta Platforms during the second quarter worth about $207,000. Trillium Asset Management LLC lifted its position in Meta Platforms by 4.5% during the 2nd quarter. Trillium Asset Management LLC now owns 992 shares of the social networking company’s stock worth $732,000 after acquiring an additional 43 shares during the period. Moors & Cabot Inc. grew its stake in shares of Meta Platforms by 1.5% in the 2nd quarter. Moors & Cabot Inc. now owns 34,989 shares of the social networking company’s stock valued at $25,825,000 after purchasing an additional 506 shares during the last quarter. Equity Investment Corp increased its holdings in shares of Meta Platforms by 61,390.1% in the second quarter. Equity Investment Corp now owns 352,953 shares of the social networking company’s stock valued at $260,511,000 after purchasing an additional 352,379 shares during the period. Finally, Cherry Creek Investment Advisors Inc. increased its holdings in shares of Meta Platforms by 14.3% in the second quarter. Cherry Creek Investment Advisors Inc. now owns 1,489 shares of the social networking company’s stock valued at $1,099,000 after purchasing an additional 186 shares during the period. Institutional investors and hedge funds own 79.91% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on META. Benchmark downgraded Meta Platforms from a “buy” rating to a “hold” rating in a report on Thursday, October 30th. Mizuho reduced their target price on shares of Meta Platforms from $925.00 to $815.00 and set an “outperform” rating for the company in a research note on Thursday, October 30th. Wedbush reaffirmed an “outperform” rating and issued a $920.00 target price on shares of Meta Platforms in a report on Thursday, October 30th. DA Davidson set a $825.00 price target on shares of Meta Platforms in a report on Thursday, October 30th. Finally, Piper Sandler lowered their price objective on Meta Platforms from $880.00 to $840.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Four research analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $827.60.

Insider Buying and Selling at Meta Platforms

In related news, COO Javier Olivan sold 517 shares of the stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $631.00, for a total value of $326,227.00. Following the sale, the chief operating officer directly owned 6,924 shares of the company’s stock, valued at approximately $4,369,044. This represents a 6.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jennifer Newstead sold 516 shares of the firm’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $631.00, for a total transaction of $325,596.00. Following the transaction, the insider owned 26,721 shares of the company’s stock, valued at $16,860,951. This trade represents a 1.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 44,421 shares of company stock valued at $33,573,980. Insiders own 13.61% of the company’s stock.

Meta Platforms Trading Down 0.1%

Shares of META opened at $609.46 on Friday. Meta Platforms, Inc. has a twelve month low of $479.80 and a twelve month high of $796.25. 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 firm has a market capitalization of $1.54 trillion, a P/E ratio of 26.92, a PEG ratio of 1.35 and a beta of 1.20. The firm’s 50-day moving average is $713.72 and its two-hundred day moving average is $705.18.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.74 by $0.51. The company had revenue of $51.24 billion during the quarter, compared to the consensus estimate 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 last year, the firm earned $6.03 EPS. Meta Platforms has set its Q4 2025 guidance at EPS. On average, research analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The company also recently announced 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 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.