Fortitude Advisory Group L.L.C. Has $2.15 Million Stake in Meta Platforms, Inc. $META

Fortitude Advisory Group L.L.C. decreased its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 9.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,910 shares of the social networking company’s stock after selling 307 shares during the quarter. Meta Platforms accounts for approximately 1.2% of Fortitude Advisory Group L.L.C.’s investment portfolio, making the stock its 17th largest position. Fortitude Advisory Group L.L.C.’s holdings in Meta Platforms were worth $2,148,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Measured Risk Portfolios Inc. acquired a new position in Meta Platforms during the second quarter worth about $249,000. VAUGHAN & Co SECURITIES INC. acquired a new position in shares of Meta Platforms in the second quarter valued at approximately $223,000. Orca Wealth Management LLC acquired a new position in shares of Meta Platforms in the second quarter valued at approximately $205,000. Beacon Financial Advisory LLC increased its stake in shares of Meta Platforms by 4.2% in the second quarter. Beacon Financial Advisory LLC now owns 3,246 shares of the social networking company’s stock valued at $2,396,000 after buying an additional 131 shares during the period. Finally, Marietta Wealth Management LLC increased its stake in shares of Meta Platforms by 0.9% in the second quarter. Marietta Wealth Management LLC now owns 16,517 shares of the social networking company’s stock valued at $12,191,000 after buying an additional 149 shares during the period. Institutional investors and hedge funds own 79.91% of the company’s stock.

Insiders Place Their Bets

In other Meta Platforms news, CEO Mark Zuckerberg sold 15,847 shares of the stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $769.38, for a total transaction of $12,192,364.86. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Christopher K. Cox sold 60,000 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $775.95, for a total value of $46,557,000.00. Following the transaction, the insider owned 237,205 shares in the company, valued at $184,059,219.75. The trade was a 20.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 213,665 shares of company stock valued at $164,575,272 over the last 90 days. 13.61% of the stock is currently owned by corporate insiders.

Meta Platforms Stock Performance

Shares of META stock opened at $705.30 on Monday. The business’s 50 day simple moving average is $752.20 and its 200 day simple moving average is $679.78. Meta Platforms, Inc. has a one year low of $479.80 and a one year high of $796.25. The stock has a market capitalization of $1.77 trillion, a PE ratio of 25.54, a PEG ratio of 1.47 and a beta of 1.20. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.97 and a quick ratio of 1.97.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.75 by $1.39. The firm had revenue of $47.52 billion for the quarter, compared to analysts’ expectations of $44.55 billion. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The company’s revenue for the quarter was up 21.6% compared to the same quarter last year. During the same period in the prior year, the business earned $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, research analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Monday, September 22nd. Meta Platforms’s dividend payout ratio is presently 7.60%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on META shares. Raymond James Financial upped their price objective on Meta Platforms from $750.00 to $900.00 and gave the company a “strong-buy” rating in a research note on Thursday, July 31st. DA Davidson upped their price objective on Meta Platforms from $650.00 to $825.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Barclays upped their price objective on Meta Platforms from $640.00 to $810.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Monness Crespi & Hardt upped their price objective on Meta Platforms from $780.00 to $860.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Finally, Canaccord Genuity Group upped their price objective on Meta Platforms from $825.00 to $850.00 and gave the company a “buy” rating in a research note on Wednesday, July 16th. Four analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $830.68.

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.