Ellevest Inc. Has $10.38 Million Stock Position in Meta Platforms, Inc. $META

Ellevest Inc. lowered its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 7.0% during the second quarter, HoldingsChannel reports. The fund owned 14,056 shares of the social networking company’s stock after selling 1,050 shares during the quarter. Meta Platforms makes up about 1.7% of Ellevest Inc.’s portfolio, making the stock its 13th biggest holding. Ellevest Inc.’s holdings in Meta Platforms were worth $10,375,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Evergreen Private Wealth LLC grew its position in 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 buying an additional 38 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. acquired a new position in Meta Platforms in the 1st quarter valued at approximately $33,000. Briaud Financial Planning Inc bought a new stake in shares of Meta Platforms in the 2nd quarter worth approximately $42,000. WFA Asset Management Corp grew its holdings in shares of Meta Platforms by 42.6% during 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 in the last quarter. Finally, Maseco LLP bought a new stake in shares of Meta Platforms during the second quarter valued at approximately $54,000. 79.91% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, insider Jennifer Newstead sold 519 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $726.25, for a total transaction of $376,923.75. Following the transaction, the insider owned 31,908 shares in the company, valued at $23,173,185. This represents a 1.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Andrew Bosworth sold 11,694 shares of the firm’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $775.00, for a total transaction of $9,062,850.00. Following the completion of the sale, the chief technology officer owned 1,799 shares of the company’s stock, valued at $1,394,225. The trade was a 86.67% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 44,421 shares of company stock valued at $33,573,980. 13.61% of the stock is currently owned by corporate insiders.

Meta Platforms Price Performance

NASDAQ:META opened at $609.46 on Friday. 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 firm has a market cap of $1.54 trillion, a PE ratio of 26.92, a price-to-earnings-growth ratio of 1.35 and a beta of 1.20. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25. The company’s 50-day moving average price is $713.72 and its two-hundred day moving average price is $705.18.

Meta Platforms (NASDAQ:META) last posted 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. The company had revenue of $51.24 billion during the quarter, compared to analyst estimates 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 was up 26.2% on a year-over-year basis. During the same quarter last year, the business posted $6.03 earnings per share. Meta Platforms has set its Q4 2025 guidance at EPS. On average, equities analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were paid a $0.525 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. Meta Platforms’s payout ratio is currently 9.28%.

Analyst Ratings Changes

Several brokerages recently commented on META. HSBC raised Meta Platforms from a “hold” rating to a “buy” rating and raised their target price for the stock from $610.00 to $900.00 in a research report on Thursday, July 31st. TD Cowen reduced their price objective on shares of Meta Platforms from $875.00 to $810.00 and set a “buy” rating for the company in a report on Thursday, October 30th. Zacks Research raised shares of Meta Platforms from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 20th. Wedbush reissued an “outperform” rating and issued a $920.00 price target on shares of Meta Platforms in a research report on Thursday, October 30th. Finally, Hsbc Global Res raised Meta Platforms from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 31st. Four research analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $827.60.

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.