Transcend Capital Advisors LLC Has $11.72 Million Stock Position in Meta Platforms, Inc. $META

Transcend Capital Advisors LLC reduced its stake in Meta Platforms, Inc. (NASDAQ:META) by 19.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,878 shares of the social networking company’s stock after selling 3,843 shares during the quarter. Meta Platforms comprises 0.9% of Transcend Capital Advisors LLC’s holdings, making the stock its 20th largest position. Transcend Capital Advisors LLC’s holdings in Meta Platforms were worth $11,719,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Pachira Investments Inc. grew its holdings in Meta Platforms by 3.0% in the 2nd quarter. Pachira Investments Inc. now owns 488 shares of the social networking company’s stock valued at $360,000 after buying an additional 14 shares in the last quarter. Hemington Wealth Management boosted its position in shares of Meta Platforms by 0.6% in the second quarter. Hemington Wealth Management now owns 2,223 shares of the social networking company’s stock valued at $1,641,000 after acquiring an additional 14 shares during the period. Myecfo LLC grew its stake in shares of Meta Platforms by 2.0% in the second quarter. Myecfo LLC now owns 776 shares of the social networking company’s stock valued at $573,000 after acquiring an additional 15 shares in the last quarter. Shelton Wealth Management LLC increased its position in Meta Platforms by 0.9% during the second quarter. Shelton Wealth Management LLC now owns 1,764 shares of the social networking company’s stock worth $1,302,000 after acquiring an additional 15 shares during the period. Finally, Kooman & Associates raised its stake in Meta Platforms by 2.8% in the 2nd quarter. Kooman & Associates now owns 544 shares of the social networking company’s stock worth $402,000 after purchasing an additional 15 shares in the last quarter. Institutional investors own 79.91% of the company’s stock.

Analyst Ratings Changes

META has been the topic of a number of analyst reports. Cantor Fitzgerald decreased their target price on shares of Meta Platforms from $920.00 to $830.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Bank of America cut their price target on Meta Platforms from $900.00 to $810.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. Guggenheim reissued a “buy” rating and set a $800.00 price target (up previously from $725.00) on shares of Meta Platforms in a research report on Monday, July 28th. Barclays dropped their price objective on Meta Platforms from $810.00 to $770.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Finally, Roth Capital reissued a “buy” rating on shares of Meta Platforms in a report on Thursday, October 30th. Four research analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $827.60.

Insiders Place Their Bets

In other Meta Platforms news, insider Jennifer Newstead sold 519 shares of the company’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $628.00, for a total value of $325,932.00. Following the completion of the transaction, the insider owned 27,237 shares of the company’s stock, valued at $17,104,836. This represents a 1.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert M. Kimmitt sold 465 shares of the stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $716.97, for a total value of $333,391.05. Following the completion of the transaction, the director owned 7,947 shares of the company’s stock, valued at $5,697,760.59. This represents a 5.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 75,798 shares of company stock valued at $58,347,026. 13.61% of the stock is currently owned by insiders.

Meta Platforms Stock Performance

NASDAQ:META opened at $618.94 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 quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.15. The stock’s 50-day simple moving average is $728.56 and its 200 day simple moving average is $700.16. The firm has a market capitalization of $1.55 trillion, a PE ratio of 27.34, a price-to-earnings-growth ratio of 1.41 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last posted its earnings results on Wednesday, October 29th. The social networking company reported $7.25 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 during the quarter, compared to analysts’ expectations of $49.34 billion. During the same quarter in the prior year, the business earned $6.03 earnings per share. The business’s revenue for the quarter was up 26.2% compared to the same quarter last year. Meta Platforms has set its Q4 2025 guidance at EPS. On average, analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 29th. Shareholders 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 dividend on an annualized basis and a yield of 0.3%. Meta Platforms’s dividend payout ratio (DPR) 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.