HMV Wealth Advisors LLC Lowers Holdings in Meta Platforms, Inc. $META

Key Points

• HMV Wealth Advisors LLC has reduced its holdings in Meta Platforms by 38.8%, selling 1,230 shares and now holding a total of 1,938 shares worth approximately $1.43 million.
• Insiders, including CEO Mark Zuckerberg, sold significant amounts of Meta stock recently, with Zuckerberg selling 15,847 shares for over $12 million, reflecting a trend among insiders who have sold a total of 212,681 shares valued at nearly $164 million in the past three months.
• Analysts have varied opinions on Meta Platforms, with firms like Goldman Sachs maintaining a "buy" rating while others have increased price targets significantly, leading to a consensus rating of "Moderate Buy" with a price target around $830.68.

HMV Wealth Advisors LLC decreased its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 38.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,938 shares of the social networking company's stock after selling 1,230 shares during the quarter. Meta Platforms comprises about 0.9% of HMV Wealth Advisors LLC's investment portfolio, making the stock its 24th biggest holding. HMV Wealth Advisors LLC's holdings in Meta Platforms were worth $1,430,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in META. Inlight Wealth Management LLC purchased a new position in Meta Platforms during the first quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Meta Platforms in the 1st quarter worth $28,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Meta Platforms in the 1st quarter worth $33,000. Evergreen Private Wealth LLC increased its holdings in shares of Meta Platforms by 237.5% in the 2nd quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company's stock worth $40,000 after purchasing an additional 38 shares in the last quarter. Finally, JCIC Asset Management Inc. increased its holdings in shares of Meta Platforms by 102.6% in the 1st quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company's stock worth $46,000 after purchasing an additional 40 shares in the last quarter. Hedge funds and other institutional investors own 79.91% of the company's stock.

Insiders Place Their Bets

In related news, CEO Mark Zuckerberg sold 15,847 shares of the stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $769.38, for a total transaction of $12,192,364.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Andrew Bosworth sold 11,694 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $775.00, for a total value of $9,062,850.00. Following the transaction, the chief technology officer directly owned 1,799 shares of the company's stock, valued at approximately $1,394,225. The trade was a 86.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 212,681 shares of company stock valued at $163,863,761 over the last three months. Insiders own 13.61% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. The Goldman Sachs Group reissued a "buy" rating on shares of Meta Platforms in a report on Tuesday. Truist Financial set a $880.00 price objective on Meta Platforms in a report on Thursday, September 18th. Sanford C. Bernstein lifted their price objective on Meta Platforms from $775.00 to $900.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. HSBC raised Meta Platforms from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $610.00 to $900.00 in a report on Thursday, July 31st. Finally, Canaccord Genuity Group lifted their price objective on Meta Platforms from $825.00 to $850.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Four 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 company. According to data from MarketBeat, Meta Platforms has a consensus rating of "Moderate Buy" and a consensus price target of $830.68.

Meta Platforms Price Performance

NASDAQ META opened at $708.65 on Wednesday. The company has a market capitalization of $1.78 trillion, a PE ratio of 25.66, a price-to-earnings-growth ratio of 1.49 and a beta of 1.20. 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 business's fifty day moving average is $749.89 and its 200 day moving average is $680.94. Meta Platforms, Inc. has a fifty-two week low of $479.80 and a fifty-two week high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last released its earnings results 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. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The company had revenue of $47.52 billion for the quarter, compared to the consensus estimate of $44.55 billion. During the same period in the previous year, the business earned $5.16 earnings per share. Meta Platforms's quarterly revenue was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. Sell-side analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Dividend Announcement

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

Meta Platforms 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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