FSA Advisors Inc. Has $699,000 Holdings in Meta Platforms, Inc. $META

FSA Advisors Inc. lessened its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 98.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,222 shares of the social networking company's stock after selling 64,470 shares during the quarter. FSA Advisors Inc.'s holdings in Meta Platforms were worth $699,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. RHL Group LLC acquired a new stake in shares of Meta Platforms during the 4th quarter valued at $28,000. Strategic Wealth Advisors LLC acquired a new position in shares of Meta Platforms in the fourth quarter worth $29,000. Niles Investment Management LLC purchased a new stake in shares of Meta Platforms during the fourth quarter worth $29,000. Bayban raised its holdings in shares of Meta Platforms by 100.0% during the first quarter. Bayban now owns 70 shares of the social networking company's stock worth $40,000 after acquiring an additional 35 shares in the last quarter. Finally, Safe Harbor Fiduciary LLC acquired a new stake in Meta Platforms during the fourth quarter valued at $42,000. 79.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. The Goldman Sachs Group cut Meta Platforms from a "buy" rating to a "sell" rating in a research note on Tuesday, June 2nd. Stifel Nicolaus decreased their target price on shares of Meta Platforms from $805.00 to $780.00 and set a "buy" rating for the company in a research report on Friday, May 1st. Wolfe Research cut their price target on shares of Meta Platforms from $850.00 to $800.00 and set an "outperform" rating on the stock in a report on Friday, April 10th. Wall Street Zen lowered shares of Meta Platforms from a "buy" rating to a "hold" rating in a research note on Saturday, May 16th. Finally, Guggenheim cut their target price on Meta Platforms from $850.00 to $800.00 and set a "buy" rating on the stock in a report on Thursday, April 30th. Five analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $835.64.

More Meta Platforms News

Here are the key news stories impacting Meta Platforms this week:

• Positive Sentiment: A Florida teen dropped his lawsuit against Meta over alleged social-media addiction harms ahead of trial, reducing legal overhang and removing a potential headline risk for the company.
• Positive Sentiment: Jefferies said Meta’s AI glasses could become a long-term hardware growth driver, noting strong early product reception and Meta’s first-mover advantage in shipping AI glasses at scale.
• Positive Sentiment: Multiple reports highlighted strong demand for AI infrastructure led by Meta, including record hyperscaler leasing and speculation around a large compute deal with Anthropic, reinforcing confidence in Meta’s AI spending strategy.
• Positive Sentiment: Wells Fargo and Rothschild & Co Redburn both raised price targets on Meta, signaling that some Wall Street analysts remain constructive on the stock’s longer-term upside.
• Neutral Sentiment: Meta continues to face mixed sentiment around its AI push, including scrutiny over heavy capital spending and broader concerns about big-tech debt and future infrastructure commitments.
• Neutral Sentiment: Commentary comparing Meta with other Magnificent 7 names suggests investors are watching upcoming earnings closely for signs that the company can re-accelerate enthusiasm around the stock.
• Negative Sentiment: Analysts cited by Zacks warned Meta may report weaker earnings growth in its upcoming results, which could weigh on sentiment if the company disappoints expectations.
• Negative Sentiment: Several articles continued to focus on regulatory and legal risks tied to social-media harms, including criticism of Meta’s platforms and broader scrutiny of addictive features.

Insider Transactions at Meta Platforms

In other Meta Platforms news, COO Javier Olivan sold 3,348 shares of the firm's stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $600.97, for a total value of $2,012,047.56. Following the completion of the sale, the chief operating officer owned 9,498 shares in the company, valued at approximately $5,708,013.06. This trade represents a 26.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Andrew Bosworth sold 7,847 shares of Meta Platforms stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $607.83, for a total value of $4,769,642.01. Following the sale, the chief technology officer directly owned 414 shares in the company, valued at $251,641.62. The trade was a 94.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 37,948 shares of company stock worth $23,184,319. Insiders own 13.53% of the company's stock.

Meta Platforms Trading Down 2.6%

Shares of Meta Platforms stock opened at $627.17 on Thursday. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.24. Meta Platforms, Inc. has a 1 year low of $520.26 and a 1 year high of $796.25. The company's fifty day simple moving average is $605.14 and its 200-day simple moving average is $626.29. The company has a market cap of $1.59 trillion, a price-to-earnings ratio of 22.80, a PEG ratio of 1.07 and a beta of 1.25.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The social networking company reported $10.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.67 by $3.77. The company had revenue of $56.31 billion for the quarter, compared to analyst estimates of $55.56 billion. Meta Platforms had a net margin of 32.84% and a return on equity of 36.93%. The business's quarterly revenue was up 33.1% on a year-over-year basis. During the same period last year, the business posted $6.43 EPS. As a group, sell-side analysts expect that Meta Platforms, Inc. will post 30.04 EPS for the current year.

Meta Platforms Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Monday, June 15th were given a dividend of $0.525 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. Meta Platforms's dividend payout ratio (DPR) is 7.63%.

Meta Platforms Profile

Meta Platforms, Inc NASDAQ: META, formerly Facebook, Inc, is a global technology company best known for building social networking services and immersive computing platforms. Founded in 2004 and headquartered in Menlo Park, California, the company operates a family of consumer-facing products and services that connect users, creators and businesses. In October 2021 the company rebranded as Meta to reflect an expanded strategic focus on augmented and virtual reality technologies alongside its social media businesses.

Meta's core consumer products include Facebook, Instagram, WhatsApp and Messenger, which enable social networking, messaging, content sharing and community building across mobile and desktop devices.

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