Cornerstone Advisors LLC Purchases 1,300 Shares of Meta Platforms, Inc. $META

Cornerstone Advisors LLC boosted its position in Meta Platforms, Inc. (NASDAQ:META) by 1.5% during the 2nd quarter, Holdings Channel reports. The fund owned 90,300 shares of the social networking company’s stock after buying an additional 1,300 shares during the period. Meta Platforms makes up 2.3% of Cornerstone Advisors LLC’s portfolio, making the stock its 7th largest holding. Cornerstone Advisors LLC’s holdings in Meta Platforms were worth $66,650,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Meta Platforms in the 1st quarter valued at $33,000. Evergreen Private Wealth LLC lifted its stake in shares of Meta Platforms by 237.5% in the second quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company’s stock valued at $40,000 after buying an additional 38 shares in the last quarter. Briaud Financial Planning Inc acquired a new position in shares of Meta Platforms during the second quarter valued at about $42,000. WFA Asset Management Corp grew its holdings in shares of Meta Platforms by 42.6% during the second quarter. WFA Asset Management Corp now owns 67 shares of the social networking company’s stock valued at $49,000 after buying an additional 20 shares during the last quarter. Finally, Maseco LLP bought a new stake in shares of Meta Platforms during the second quarter worth about $54,000. Institutional investors own 79.91% of the company’s stock.

Insider Activity

In related news, CTO Andrew Bosworth sold 11,690 shares of the stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $593.31, for a total transaction of $6,935,793.90. Following the sale, the chief technology officer owned 2,415 shares of the company’s stock, valued at approximately $1,432,843.65. This represents a 82.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Aaron Anderson sold 726 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $591.60, for a total value of $429,501.60. Following the completion of the transaction, the chief accounting officer owned 6,035 shares of the company’s stock, valued at approximately $3,570,306. This represents a 10.74% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 40,923 shares of company stock valued at $26,126,437. 13.61% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on META. Needham & Company LLC reiterated a “hold” rating on shares of Meta Platforms in a research note on Thursday, October 30th. DA Davidson set a $825.00 target price on Meta Platforms in a research 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. BNP Paribas Exane started coverage on Meta Platforms in a research note on Monday. They set an “outperform” rating and a $800.00 price objective on the stock. Finally, Wells Fargo & Company reduced their target price on shares of Meta Platforms from $837.00 to $802.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, Meta Platforms presently has an average rating of “Moderate Buy” and an average target price of $823.93.

Meta Platforms Trading Up 3.8%

Shares of Meta Platforms stock opened at $636.22 on Wednesday. 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 $1.60 trillion, a PE ratio of 28.10, a P/E/G ratio of 1.28 and a beta of 1.20. The stock has a fifty day moving average price of $691.78 and a 200-day moving average price of $706.84. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.98 and a quick ratio of 1.98.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings results 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 the consensus estimate of $49.34 billion. Meta Platforms had a net margin of 30.89% and a return on equity of 39.35%. The firm’s quarterly revenue was up 26.2% on a year-over-year basis. During the same period in the previous year, the firm earned $6.03 EPS. Meta Platforms has set its Q4 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 firm also recently declared 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 annualized dividend and a dividend 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.