Acorn Financial Advisory Services Inc. ADV Has $4.83 Million Stock Holdings in Meta Platforms, Inc. $META

Acorn Financial Advisory Services Inc. ADV decreased its position in Meta Platforms, Inc. (NASDAQ:META) by 3.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,545 shares of the social networking company’s stock after selling 249 shares during the period. Meta Platforms comprises approximately 0.8% of Acorn Financial Advisory Services Inc. ADV’s holdings, making the stock its 19th largest holding. Acorn Financial Advisory Services Inc. ADV’s holdings in Meta Platforms were worth $4,831,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Csenge Advisory Group raised its holdings in Meta Platforms by 12.0% in the 1st quarter. Csenge Advisory Group now owns 9,539 shares of the social networking company’s stock valued at $5,498,000 after acquiring an additional 1,019 shares in the last quarter. ARQ Wealth Advisors LLC raised its holdings in Meta Platforms by 4.5% in the 1st quarter. ARQ Wealth Advisors LLC now owns 785 shares of the social networking company’s stock valued at $452,000 after acquiring an additional 34 shares in the last quarter. JMG Financial Group Ltd. acquired a new position in Meta Platforms in the 1st quarter valued at approximately $284,000. Infusive Asset Management Inc. raised its holdings in Meta Platforms by 10.7% in the 1st quarter. Infusive Asset Management Inc. now owns 23,620 shares of the social networking company’s stock valued at $13,614,000 after acquiring an additional 2,285 shares in the last quarter. Finally, Spirepoint Private Client LLC raised its holdings in Meta Platforms by 2.7% in the 2nd quarter. Spirepoint Private Client LLC now owns 4,080 shares of the social networking company’s stock valued at $3,011,000 after acquiring an additional 109 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Insider Transactions at Meta Platforms

In other Meta Platforms news, 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 directly owned 84,141 shares in the company, valued at approximately $64,343,464.11. This trade represents a 17.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mark Zuckerberg sold 15,847 shares of the stock in a transaction on Monday, August 4th. The shares were sold at an average price of $769.38, for a total value of $12,192,364.86. The disclosure for this sale can be found here. Insiders have sold a total of 214,182 shares of company stock valued at $164,951,541 over the last 90 days. 13.61% of the stock is currently owned by corporate insiders.

Meta Platforms Trading Up 0.1%

META stock opened at $734.00 on Friday. The business has a fifty day moving average price of $743.05 and a 200 day moving average price of $688.52. Meta Platforms, Inc. has a fifty-two week low of $479.80 and a fifty-two week high of $796.25. The stock has a market capitalization of $1.84 trillion, a price-to-earnings ratio of 26.57, a P/E/G ratio of 1.53 and a beta of 1.20. 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 released its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share for the quarter, beating analysts’ consensus estimates of $5.75 by $1.39. The firm had revenue of $47.52 billion during the quarter, compared to analysts’ expectations of $44.55 billion. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The business’s revenue was up 21.6% on a year-over-year basis. During the same period last year, the firm posted $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. Analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Monday, September 22nd. Meta Platforms’s dividend payout ratio (DPR) is presently 7.60%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on META. Roth Capital increased their target price on Meta Platforms from $620.00 to $740.00 and gave the stock a “buy” rating in a report on Tuesday, July 8th. Wells Fargo & Company increased their target price on Meta Platforms from $811.00 to $837.00 and gave the stock an “overweight” rating in a report on Tuesday, October 7th. Stifel Nicolaus increased their target price on Meta Platforms from $845.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Cantor Fitzgerald reissued an “overweight” rating and issued a $920.00 target price on shares of Meta Platforms in a report on Thursday, October 16th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Meta Platforms in a report on Tuesday, October 14th. Five equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $829.66.

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.