Fortitude Advisory Group L.L.C. Sells 307 Shares of Meta Platforms, Inc. $META

Fortitude Advisory Group L.L.C. reduced its position in Meta Platforms, Inc. (NASDAQ:META) by 9.5% during the second quarter, Holdings Channel.com reports. The firm 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 holdings, making the stock its 17th biggest position. Fortitude Advisory Group L.L.C.’s holdings in Meta Platforms were worth $2,148,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of META. Kingstone Capital Partners Texas LLC lifted its holdings in shares of Meta Platforms by 608,429.2% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 59,775,823 shares of the social networking company’s stock worth $44,119,937,000 after purchasing an additional 59,766,000 shares in the last quarter. Nuveen LLC purchased a new stake in Meta Platforms in the 1st quarter valued at $2,990,544,000. Amundi raised its position in Meta Platforms by 23.5% in the 1st quarter. Amundi now owns 7,733,061 shares of the social networking company’s stock valued at $4,111,050,000 after buying an additional 1,470,070 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Meta Platforms by 8.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 15,575,962 shares of the social networking company’s stock valued at $8,977,361,000 after buying an additional 1,255,546 shares during the last quarter. Finally, Strs Ohio purchased a new stake in Meta Platforms in the 1st quarter valued at $571,086,000. 79.91% of the stock is currently owned by institutional investors.

Insider Transactions at Meta Platforms

In other news, insider Christopher K. Cox sold 60,000 shares of the stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $775.95, for a total transaction of $46,557,000.00. Following the completion of the transaction, the insider owned 237,205 shares in the company, valued at approximately $184,059,219.75. This represents a 20.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Susan J. Li sold 18,332 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $764.71, for a total value of $14,018,663.72. Following the transaction, the chief financial officer owned 84,141 shares of the company’s stock, valued at $64,343,464.11. The trade was a 17.89% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 213,665 shares of company stock worth $164,575,272 over the last 90 days. 13.61% of the stock is owned by insiders.

Meta Platforms Trading Down 3.8%

Shares of Meta Platforms stock opened at $705.30 on Monday. Meta Platforms, Inc. has a 1 year low of $479.80 and a 1 year high of $796.25. The firm has a market cap of $1.77 trillion, a PE ratio of 25.54, a P/E/G ratio of 1.47 and a beta of 1.20. The stock has a fifty day moving average price of $752.20 and a 200-day moving average price of $679.78. 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 for the quarter, topping the consensus estimate of $5.75 by $1.39. The company had revenue of $47.52 billion during the quarter, compared to the consensus estimate of $44.55 billion. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The firm’s quarterly revenue was up 21.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. Equities research analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms recently commented on META. Benchmark increased their price target on Meta Platforms from $800.00 to $890.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Morgan Stanley increased their price target on Meta Platforms from $750.00 to $850.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. Wedbush increased their price target on Meta Platforms from $750.00 to $920.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. Robert W. Baird increased their price target on Meta Platforms from $635.00 to $740.00 and gave the company an “outperform” rating in a research report on Wednesday, July 2nd. Finally, Zacks Research lowered Meta Platforms from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 19th. Four research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Meta Platforms currently has a consensus rating of “Moderate Buy” and an average 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.