Biltmore Wealth Management LLC Has $404,000 Stock Holdings in Meta Platforms, Inc. $META

Biltmore Wealth Management LLC lessened its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 5.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 548 shares of the social networking company’s stock after selling 29 shares during the period. Biltmore Wealth Management LLC’s holdings in Meta Platforms were worth $404,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of META. Inlight Wealth Management LLC bought a new position in Meta Platforms during the first quarter worth about $25,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Meta Platforms in the first quarter valued at approximately $28,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Meta Platforms during the 1st quarter worth approximately $33,000. JCIC Asset Management Inc. increased its holdings in shares of Meta Platforms by 102.6% during the 1st quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company’s stock worth $46,000 after acquiring an additional 40 shares during the last quarter. Finally, Principia Wealth Advisory LLC increased its holdings in shares of Meta Platforms by 53.6% during the 1st quarter. Principia Wealth Advisory LLC now owns 86 shares of the social networking company’s stock worth $50,000 after acquiring an additional 30 shares during the last quarter. 79.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on META shares. Citigroup reaffirmed an “outperform” rating on shares of Meta Platforms in a report on Thursday, July 31st. Wells Fargo & Company raised their target price on shares of Meta Platforms from $783.00 to $811.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. Benchmark lifted their target price on shares of Meta Platforms from $800.00 to $890.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. HSBC upgraded shares of Meta Platforms from a “hold” rating to a “buy” rating and upped their price target for the company from $610.00 to $900.00 in a research note on Thursday, July 31st. Finally, Canaccord Genuity Group raised their price objective on shares of Meta Platforms from $825.00 to $850.00 and gave the stock a “buy” rating in a research report on Wednesday, July 16th. Three research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Meta Platforms presently has a consensus rating of “Moderate Buy” and an average target price of $826.05.

Insider Activity at Meta Platforms

In other Meta Platforms news, CFO Susan J. Li sold 18,332 shares of the company’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $764.71, for a total transaction of $14,018,663.72. Following the sale, the chief financial officer directly owned 84,141 shares of the company’s stock, valued at $64,343,464.11. This represents a 17.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Mark Zuckerberg sold 15,847 shares of the company’s stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $753.43, for a total transaction of $11,939,605.21. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 257,922 shares of company stock worth $196,412,792. 13.61% of the stock is owned by company insiders.

Meta Platforms Stock Up 0.6%

Shares of NASDAQ:META opened at $780.25 on Friday. Meta Platforms, Inc. has a 52-week low of $479.80 and a 52-week high of $796.25. The company has a market capitalization of $1.96 trillion, a PE ratio of 28.25, a price-to-earnings-growth ratio of 1.60 and a beta of 1.24. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.97. The company has a fifty day moving average of $745.84 and a 200-day moving average of $664.98.

Meta Platforms (NASDAQ:META) last announced its earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.75 by $1.39. The business had revenue of $47.52 billion during the quarter, compared to analyst estimates of $44.55 billion. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.Meta Platforms’s revenue for the quarter was up 21.6% compared to the same quarter last year. During the same period last year, the company earned $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. On average, equities analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Announces Dividend

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

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.