Rossby Financial LCC Purchases 444 Shares of Meta Platforms, Inc. $META

Rossby Financial LCC lifted its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 16.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,124 shares of the social networking company’s stock after purchasing an additional 444 shares during the period. Meta Platforms accounts for approximately 0.9% of Rossby Financial LCC’s investment portfolio, making the stock its 21st biggest holding. Rossby Financial LCC’s holdings in Meta Platforms were worth $2,306,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in META. Facet Wealth Inc. grew its holdings in Meta Platforms by 10.7% in the 2nd quarter. Facet Wealth Inc. now owns 12,977 shares of the social networking company’s stock valued at $10,037,000 after buying an additional 1,259 shares in the last quarter. Shilanski & Associates Inc. boosted its position in shares of Meta Platforms by 1.1% in the second quarter. Shilanski & Associates Inc. now owns 4,044 shares of the social networking company’s stock valued at $2,985,000 after acquiring an additional 45 shares during the period. Lipe & Dalton grew its stake in shares of Meta Platforms by 1.9% in the second quarter. Lipe & Dalton now owns 2,796 shares of the social networking company’s stock valued at $2,063,000 after acquiring an additional 51 shares in the last quarter. Liberty Wealth Management LLC increased its position in Meta Platforms by 7.2% during the second quarter. Liberty Wealth Management LLC now owns 4,766 shares of the social networking company’s stock worth $3,518,000 after acquiring an additional 319 shares during the period. Finally, Wealth Watch Advisors INC acquired a new stake in Meta Platforms in the 2nd quarter worth about $643,000. 79.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

META has been the topic of a number of analyst reports. Royal Bank Of Canada decreased their target price on shares of Meta Platforms from $840.00 to $810.00 and set an “outperform” rating on the stock in a research report on Thursday, October 30th. Piper Sandler cut their price target on Meta Platforms from $880.00 to $840.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Stifel Nicolaus reduced their price target on Meta Platforms from $900.00 to $875.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. Cantor Fitzgerald lowered their price objective on Meta Platforms from $920.00 to $830.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Finally, Guggenheim reiterated a “buy” rating and set a $800.00 target price (up from $725.00) on shares of Meta Platforms in a research report on Monday, July 28th. Four research analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Meta Platforms has an average rating of “Moderate Buy” and an average target price of $827.60.

Insider Activity at Meta Platforms

In related news, COO Javier Olivan sold 517 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $656.00, for a total transaction of $339,152.00. Following the completion of the transaction, the chief operating officer directly owned 7,441 shares in the company, valued at $4,881,296. This represents a 6.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert M. Kimmitt sold 465 shares of the firm’s stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $716.97, for a total transaction of $333,391.05. Following the completion of the sale, the director owned 7,947 shares in the company, valued at $5,697,760.59. This represents a 5.53% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 75,798 shares of company stock valued at $58,347,026. 13.61% of the stock is owned by insiders.

Meta Platforms Trading Up 0.4%

Shares of META opened at $621.71 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.98 and a current ratio of 1.98. Meta Platforms, Inc. has a 52-week low of $479.80 and a 52-week high of $796.25. The firm has a market cap of $1.56 trillion, a price-to-earnings ratio of 27.46, a PEG ratio of 1.37 and a beta of 1.20. The business’s fifty day moving average is $726.22 and its 200-day moving average is $701.11.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings data on Wednesday, October 29th. The social networking company reported $7.25 earnings per share 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 during the quarter, compared to the consensus estimate of $49.34 billion. During the same period in the prior year, the company earned $6.03 EPS. Meta Platforms’s revenue for the quarter was up 26.2% on a year-over-year basis. Meta Platforms has set its Q4 2025 guidance at EPS. Equities analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were paid a $0.525 dividend. 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 (DPR) 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.