Strategic Financial Concepts LLC Reduces Position in Meta Platforms, Inc. $META

Strategic Financial Concepts LLC trimmed its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 9.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,570 shares of the social networking company’s stock after selling 169 shares during the period. Strategic Financial Concepts LLC’s holdings in Meta Platforms were worth $1,159,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its stake in shares of Meta Platforms by 1.7% during the 4th quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company’s stock worth $20,230,000 after acquiring an additional 570 shares during the last quarter. Revolve Wealth Partners LLC increased its stake in Meta Platforms by 10.2% in the fourth quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company’s stock worth $5,537,000 after purchasing an additional 875 shares during the period. 1776 Wealth LLC lifted its position in shares of Meta Platforms by 137.2% during the first quarter. 1776 Wealth LLC now owns 1,167 shares of the social networking company’s stock worth $673,000 after purchasing an additional 675 shares during the last quarter. Smart Money Group LLC boosted its stake in shares of Meta Platforms by 20.4% during the first quarter. Smart Money Group LLC now owns 2,052 shares of the social networking company’s stock valued at $1,182,000 after purchasing an additional 348 shares during the period. Finally, Spear Holdings RSC Ltd purchased a new stake in shares of Meta Platforms during the first quarter valued at $37,463,000. 79.91% of the stock is owned by hedge funds and other institutional investors.

Meta Platforms Stock Down 2.9%

Shares of Meta Platforms stock opened at $609.01 on Thursday. 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 company has a market cap of $1.54 trillion, a P/E ratio of 26.90, a PEG ratio of 1.39 and a beta of 1.20. The firm’s 50 day moving average price is $719.36 and its 200-day moving average price is $704.38. Meta Platforms, Inc. has a 52-week low of $479.80 and a 52-week high of $796.25.

Meta Platforms (NASDAQ:META) last announced its earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share for the quarter, beating the consensus estimate of $6.74 by $0.51. Meta Platforms had a net margin of 30.89% and a return on equity of 39.35%. The company had revenue of $51.24 billion during the quarter, compared to the consensus estimate of $49.34 billion. During the same period last year, the firm earned $6.03 earnings per share. Meta Platforms’s revenue was up 26.2% compared to the same quarter last year. Meta Platforms has set its Q4 2025 guidance at EPS. On average, sell-side analysts predict 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. Stockholders 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 dividend yield of 0.3%. Meta Platforms’s dividend payout ratio (DPR) is presently 9.28%.

Insiders Place Their Bets

In related news, insider Jennifer Newstead sold 519 shares of the company’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $775.00, for a total transaction of $402,225.00. Following the transaction, the insider directly owned 32,946 shares of the company’s stock, valued at $25,533,150. This represents a 1.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Susan J. Li sold 18,332 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief financial officer directly owned 84,141 shares of the company’s stock, valued at approximately $64,343,464.11. This represents a 17.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 59,430 shares of company stock valued at $45,313,988 in the last 90 days. Corporate insiders own 13.61% of the company’s stock.

Wall Street Analyst Weigh In

META has been the topic of several recent analyst reports. TD Cowen reduced their price target on shares of Meta Platforms from $875.00 to $810.00 and set a “buy” rating on the stock in a research note on Thursday, October 30th. Wells Fargo & Company dropped their target price on shares of Meta Platforms from $837.00 to $802.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Scotiabank lifted their price target on shares of Meta Platforms from $675.00 to $685.00 and gave the company a “sector perform” rating in a research note on Thursday, July 31st. Rosenblatt Securities boosted their price target on Meta Platforms from $1,086.00 to $1,117.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Finally, Guggenheim restated a “buy” rating and set a $800.00 price objective (up from $725.00) on shares of Meta Platforms in a report on Monday, July 28th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, Meta Platforms currently has a consensus 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.