Foundation Wealth Management LLC PA Takes Position in Meta Platforms, Inc. $META

Foundation Wealth Management LLC PA acquired a new stake in Meta Platforms, Inc. (NASDAQ:META) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 349 shares of the social networking company’s stock, valued at approximately $258,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management increased its stake in Meta Platforms by 36.7% during the second quarter. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management now owns 31,300 shares of the social networking company’s stock worth $23,102,000 after purchasing an additional 8,400 shares during the period. Integrated Quantitative Investments LLC acquired a new position in shares of Meta Platforms in the second quarter valued at approximately $1,709,000. Western Wealth Management LLC increased its stake in Meta Platforms by 8.3% during the 2nd quarter. Western Wealth Management LLC now owns 21,258 shares of the social networking company’s stock worth $15,691,000 after buying an additional 1,635 shares during the period. Waratah Capital Advisors Ltd. increased its stake in Meta Platforms by 70.3% during the 2nd quarter. Waratah Capital Advisors Ltd. now owns 34,782 shares of the social networking company’s stock worth $25,672,000 after buying an additional 14,361 shares during the period. Finally, Bell Investment Advisors Inc lifted its holdings in Meta Platforms by 62.8% during the 2nd quarter. Bell Investment Advisors Inc now owns 1,185 shares of the social networking company’s stock worth $875,000 after buying an additional 457 shares in the last quarter. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on META shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Meta Platforms in a research report on Tuesday. Royal Bank Of Canada cut their price target on Meta Platforms from $840.00 to $810.00 and set an “outperform” rating on the stock in a report on Thursday, October 30th. Rosenblatt Securities increased their price target on Meta Platforms from $1,086.00 to $1,117.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Needham & Company LLC reissued a “hold” rating on shares of Meta Platforms in a research report on Thursday, October 30th. Finally, BMO Capital Markets upped their target price on shares of Meta Platforms from $610.00 to $710.00 and gave the stock a “market perform” rating in a research note on Thursday, July 31st. Four analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, Meta Platforms presently has a consensus rating of “Moderate Buy” and an average price target of $823.93.

Insider Buying and Selling

In other news, Director Robert M. Kimmitt sold 600 shares of Meta Platforms stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $609.35, for a total transaction of $365,610.00. Following the sale, the director owned 7,347 shares in the company, valued at approximately $4,476,894.45. The trade was a 7.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Susan J. Li sold 6,875 shares of the company’s stock in a transaction dated Saturday, November 15th. The shares were sold at an average price of $609.46, for a total value of $4,190,037.50. Following the completion of the sale, the chief financial officer directly owned 88,370 shares of the company’s stock, valued at approximately $53,857,980.20. This trade represents a 7.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 41,959 shares of company stock valued at $26,759,811 over the last ninety days. Company insiders own 13.61% of the company’s stock.

Meta Platforms Price Performance

META stock opened at $633.61 on Thursday. The business has a 50 day moving average price of $688.93 and a 200 day moving average price of $706.33. 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 has a market cap of $1.60 trillion, a price-to-earnings ratio of 27.99, a PEG ratio of 1.33 and a beta of 1.20. Meta Platforms, Inc. has a fifty-two week low of $479.80 and a fifty-two week high of $796.25.

Meta Platforms (NASDAQ:META) last released its quarterly earnings data on Wednesday, October 29th. The social networking company reported $7.25 earnings per share for the quarter, topping analysts’ consensus estimates of $6.74 by $0.51. The company had revenue of $51.24 billion for the quarter, compared to analysts’ expectations of $49.34 billion. Meta Platforms had a net margin of 30.89% and a return on equity of 39.35%. The firm’s revenue for the quarter was up 26.2% on a year-over-year basis. During the same quarter last year, the company earned $6.03 earnings per share. Meta Platforms has set its Q4 2025 guidance at EPS. Equities research analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The business also recently declared 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 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 9.28%.

Meta Platforms Company 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.