New World Advisors LLC Takes $1.22 Million Position in Meta Platforms, Inc. $META
by Danessa Lincoln · The Markets DailyNew World Advisors LLC purchased a new stake in Meta Platforms, Inc. (NASDAQ:META – Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,659 shares of the social networking company’s stock, valued at approximately $1,224,000. Meta Platforms comprises 0.3% of New World Advisors LLC’s holdings, making the stock its 14th biggest holding.
A number of other hedge funds have also recently added to or reduced their stakes in META. Evergreen Private Wealth LLC lifted its position in shares of Meta Platforms by 237.5% during the second quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company’s stock worth $40,000 after purchasing an additional 38 shares in the last quarter. Briaud Financial Planning Inc bought a new position in Meta Platforms in the 2nd quarter worth approximately $42,000. WFA Asset Management Corp raised its position in Meta Platforms by 42.6% in the 2nd quarter. WFA Asset Management Corp now owns 67 shares of the social networking company’s stock worth $49,000 after purchasing an additional 20 shares during the last quarter. Maseco LLP acquired a new position in Meta Platforms during the 2nd quarter worth $54,000. Finally, eCIO Inc. bought a new position in Meta Platforms in the 1st quarter valued at $58,000. Institutional investors own 79.91% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on META shares. Roth Capital restated a “buy” rating on shares of Meta Platforms in a research report on Thursday, October 30th. Cantor Fitzgerald dropped their price objective on Meta Platforms from $830.00 to $720.00 and set an “overweight” rating for the company in a report on Wednesday, November 19th. Erste Group Bank lowered shares of Meta Platforms from a “buy” rating to a “hold” rating in a research note on Monday, November 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of Meta Platforms in a research report on Tuesday, November 25th. Finally, Truist Financial dropped 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. Four analysts have rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $823.93.
Check Out Our Latest Report on META
Insider Activity
In other Meta Platforms news, CAO Aaron Anderson sold 726 shares of Meta Platforms stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $591.60, for a total value of $429,501.60. Following the transaction, the chief accounting officer owned 6,035 shares of the company’s stock, valued at approximately $3,570,306. The trade was a 10.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Javier Olivan sold 517 shares of the stock in a transaction on Monday, November 24th. The stock was sold at an average price of $598.54, for a total transaction of $309,445.18. Following the sale, the chief operating officer directly owned 14,785 shares of the company’s stock, valued at $8,849,413.90. This represents a 3.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 40,923 shares of company stock worth $26,007,416. Corporate insiders own 13.61% of the company’s stock.
Meta Platforms Price Performance
Shares of META stock opened at $640.87 on Tuesday. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.15. Meta Platforms, Inc. has a 12-month low of $479.80 and a 12-month high of $796.25. The firm has a fifty day moving average of $680.90 and a 200-day moving average of $706.54. The firm has a market capitalization of $1.62 trillion, a price-to-earnings ratio of 28.31, a price-to-earnings-growth ratio of 1.36 and a beta of 1.28.
Meta Platforms (NASDAQ:META – Get Free Report) last issued its quarterly earnings data on Wednesday, October 29th. The social networking company reported $7.25 EPS for the quarter, topping the consensus estimate of $6.74 by $0.51. Meta Platforms had a return on equity of 39.35% and a net margin of 30.89%.The business had revenue of $51.24 billion for the quarter, compared to the consensus estimate of $49.34 billion. During the same quarter last year, the business posted $6.03 EPS. The firm’s revenue was up 26.2% compared to the same quarter last year. Meta Platforms has set its Q4 2025 guidance at EPS. On average, equities research analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.
Meta Platforms Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were given a $0.525 dividend. The ex-dividend date was Monday, September 22nd. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. Meta Platforms’s payout ratio is currently 9.28%.
Meta Platforms 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.
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