Meta Platforms, Inc. $META Shares Purchased by Evernest Financial Advisors LLC

Key Points

• Evernest Financial Advisors LLC increased its holdings in Meta Platforms by 18.2% in Q2, owning 2,694 shares valued at nearly $2 million.
• Insider sales included Christopher K. Cox selling 60,000 shares for approximately $46.6 million, reducing his ownership by 20.19%.
• Research firms maintain positive outlooks for Meta, with a consensus rating of "Buy" and a price target averaging $829.66.

Evernest Financial Advisors LLC grew its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 18.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,694 shares of the social networking company's stock after purchasing an additional 415 shares during the period. Evernest Financial Advisors LLC's holdings in Meta Platforms were worth $1,989,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. 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 valued at $360,000 after purchasing an additional 14 shares during the period. Hemington Wealth Management raised its stake in shares of Meta Platforms by 0.6% during the second quarter. Hemington Wealth Management now owns 2,223 shares of the social networking company's stock valued at $1,641,000 after purchasing an additional 14 shares during the period. Myecfo LLC raised its stake in shares of Meta Platforms by 2.0% during 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 during the period. Shelton Wealth Management LLC raised its stake in shares of Meta Platforms by 0.9% during 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 during the period. Finally, Kooman & Associates raised its stake in shares of Meta Platforms by 2.8% during the second quarter. Kooman & Associates now owns 544 shares of the social networking company's stock valued at $402,000 after purchasing an additional 15 shares during the period. Hedge funds and other institutional investors own 79.91% of the company's stock.

Insider Activity

In other news, insider Christopher K. Cox sold 60,000 shares of the business's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $775.95, for a total transaction of $46,557,000.00. Following the completion of the transaction, the insider owned 237,205 shares of the company's stock, valued at approximately $184,059,219.75. The trade was a 20.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CTO Andrew Bosworth sold 11,694 shares of the business's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $775.00, for a total transaction 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. This trade represents a 86.67% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 214,182 shares of company stock worth $164,951,541. 13.61% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on META. Pivotal Research lifted their price objective on shares of Meta Platforms from $830.00 to $930.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Mizuho set a $925.00 price target on shares of Meta Platforms and gave the stock an "outperform" rating in a research note on Monday, September 29th. Oppenheimer dropped their price target on shares of Meta Platforms from $870.00 to $825.00 and set an "outperform" rating for the company in a research note on Monday, October 20th. KeyCorp lifted their price target on shares of Meta Platforms from $800.00 to $905.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Finally, Monness Crespi & Hardt lifted their price target on shares of Meta Platforms from $780.00 to $860.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Five analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $829.66.

Meta Platforms Stock Performance

Meta Platforms stock opened at $738.36 on Friday. The company has a market cap of $1.85 trillion, a PE ratio of 26.73, a P/E/G ratio of 1.57 and a beta of 1.20. The company has a fifty day moving average price of $742.11 and a two-hundred day moving average price of $691.34. 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, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, topping analysts' consensus estimates of $5.75 by $1.39. The firm had revenue of $47.52 billion during the quarter, compared to the consensus estimate of $44.55 billion. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The firm's revenue was up 21.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. Research analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were issued a dividend of $0.525 per share. 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 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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