Farther Finance Advisors LLC Acquires 6,692 Shares of Meta Platforms, Inc. $META

Key Points

• Farther Finance Advisors LLC has increased its holdings in Meta Platforms, Inc. by 21.7%, owning a total of 37,529 shares valued at approximately $27.7 million.
• CEO Mark Zuckerberg recently sold 15,847 shares for over $11.9 million, while insider Christopher K. Cox sold 60,000 shares valued at nearly $46.6 million.
• Equities research analysts have raised their target prices for Meta Platforms, with estimates ranging between $875.00 and $980.00, reflecting positive market sentiment.

Farther Finance Advisors LLC increased its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 21.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,529 shares of the social networking company's stock after buying an additional 6,692 shares during the period. Meta Platforms accounts for about 0.6% of Farther Finance Advisors LLC's investment portfolio, making the stock its 25th biggest holding. Farther Finance Advisors LLC's holdings in Meta Platforms were worth $27,700,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Pachira Investments Inc. raised its stake in shares of Meta Platforms by 3.0% during the second quarter. Pachira Investments Inc. now owns 488 shares of the social networking company's stock worth $360,000 after buying an additional 14 shares during the last quarter. ABLE Financial Group LLC increased its stake in Meta Platforms by 0.7% in the fourth quarter. ABLE Financial Group LLC now owns 2,136 shares of the social networking company's stock valued at $1,251,000 after purchasing an additional 15 shares in the last quarter. Shelton Wealth Management LLC increased its stake in Meta Platforms by 0.9% in the second quarter. Shelton Wealth Management LLC now owns 1,764 shares of the social networking company's stock valued at $1,302,000 after purchasing an additional 15 shares in the last quarter. Myecfo LLC increased its stake in Meta Platforms by 2.0% in the second quarter. Myecfo LLC now owns 776 shares of the social networking company's stock valued at $573,000 after purchasing an additional 15 shares in the last quarter. Finally, Cedar Point Capital Partners LLC increased its stake in Meta Platforms by 2.2% in the first quarter. Cedar Point Capital Partners LLC now owns 752 shares of the social networking company's stock valued at $433,000 after purchasing an additional 16 shares in the last quarter. 79.91% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Mark Zuckerberg sold 15,847 shares of the stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $753.43, for a total value of $11,939,605.21. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Christopher K. Cox sold 60,000 shares of the firm's stock in a transaction dated 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 transaction, the insider directly owned 237,205 shares in the company, valued at approximately $184,059,219.75. This represents a 20.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 256,886 shares of company stock valued at $195,693,600 over the last ninety days. 13.61% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. TD Cowen upped their target price on shares of Meta Platforms from $800.00 to $875.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $920.00 target price on shares of Meta Platforms in a research note on Wednesday, September 17th. Loop Capital reaffirmed a "buy" rating and issued a $980.00 target price (up previously from $888.00) on shares of Meta Platforms in a research note on Tuesday, August 5th. Truist Financial set a $880.00 target price on shares of Meta Platforms in a research note on Thursday. Finally, Scotiabank increased their price objective on shares of Meta Platforms from $675.00 to $685.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 31st. Three investment analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $826.05.

Meta Platforms Price Performance

Shares of META opened at $765.16 on Tuesday. The firm has a market capitalization of $1.92 trillion, a PE ratio of 27.70, a PEG ratio of 1.62 and a beta of 1.24. The company's 50-day moving average is $747.94 and its 200-day moving average is $667.24. Meta Platforms, Inc. has a fifty-two week low of $479.80 and a fifty-two week high of $796.25. 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 - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 earnings per share for the quarter, beating the consensus estimate of $5.75 by $1.39. The company had revenue of $47.52 billion for the quarter, compared to analyst estimates of $44.55 billion. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The company's revenue was up 21.6% on a year-over-year basis. During the same period in the prior year, the firm earned $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. Equities analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 22nd will be given a $0.525 dividend. The ex-dividend date of this dividend is 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%.

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.

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