Tounjian Advisory Partners LLC Has $13.46 Million Holdings in Meta Platforms, Inc. $META

Key Points

• Tounjian Advisory Partners LLC reduced its stake in Meta Platforms by 1.8%, now holding 18,238 shares valued at approximately $13.46 million, making it the fund's 6th largest investment.
• Several investors increased their stakes in Meta Platforms during the fourth quarter, with a total of 79.91% of the stock now owned by institutional investors and hedge funds.
• Analysts have set new price targets for Meta Platforms, with Piper Sandler and Truist Financial both raising their targets to $880.00, reflecting a generally favorable outlook for the stock.

Tounjian Advisory Partners LLC reduced its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 1.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,238 shares of the social networking company's stock after selling 342 shares during the period. Meta Platforms accounts for about 2.4% of Tounjian Advisory Partners LLC's portfolio, making the stock its 6th largest holding. Tounjian Advisory Partners LLC's holdings in Meta Platforms were worth $13,461,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of META. ABLE Financial Group LLC increased its stake in shares of Meta Platforms by 0.7% during 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 acquiring an additional 15 shares during the period. Cedar Point Capital Partners LLC boosted its holdings in Meta Platforms by 2.2% during the first quarter. Cedar Point Capital Partners LLC now owns 752 shares of the social networking company's stock worth $433,000 after buying an additional 16 shares in the last quarter. IAM Advisory LLC boosted its holdings in Meta Platforms by 0.9% during the second quarter. IAM Advisory LLC now owns 1,844 shares of the social networking company's stock worth $1,361,000 after buying an additional 16 shares in the last quarter. Mosaic Family Wealth Partners LLC boosted its holdings in Meta Platforms by 1.2% during the fourth quarter. Mosaic Family Wealth Partners LLC now owns 1,435 shares of the social networking company's stock worth $840,000 after buying an additional 17 shares in the last quarter. Finally, Orin Green Financial LLC boosted its holdings in Meta Platforms by 2.2% during the fourth quarter. Orin Green Financial LLC now owns 795 shares of the social networking company's stock worth $465,000 after buying an additional 17 shares in the last quarter. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Meta Platforms news, COO Javier Olivan sold 517 shares of the business's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $757.47, for a total value of $391,611.99. Following the completion of the transaction, the chief operating officer directly owned 11,060 shares of the company's stock, valued at approximately $8,377,618.20. The trade was a 4.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robert M. Kimmitt sold 465 shares of the business's stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $757.47, for a total transaction of $352,223.55. Following the completion of the transaction, the director directly owned 8,412 shares of the company's stock, valued at approximately $6,371,837.64. This represents a 5.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 257,405 shares of company stock worth $196,059,438. Corporate insiders own 13.61% of the company's stock.

Wall Street Analyst Weigh In

META has been the subject of a number of research reports. BMO Capital Markets raised their target price on shares of Meta Platforms from $610.00 to $710.00 and gave the stock a "market perform" rating in a report on Thursday, July 31st. JMP Securities raised their target price on shares of Meta Platforms from $750.00 to $900.00 and gave the stock a "market outperform" rating in a report on Thursday, July 31st. DA Davidson raised their target price on shares of Meta Platforms from $650.00 to $825.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Bank of America raised their price objective on shares of Meta Platforms from $775.00 to $900.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Finally, Sanford C. Bernstein raised their price objective on shares of Meta Platforms from $775.00 to $900.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $826.05.

Meta Platforms Stock Performance

NASDAQ META traded up $0.02 during midday trading on Monday, hitting $777.88. The company had a trading volume of 3,371,248 shares, compared to its average volume of 14,645,397. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.15. The stock has a market cap of $1.95 trillion, a price-to-earnings ratio of 28.16, a P/E/G ratio of 1.62 and a beta of 1.24. The firm has a fifty day simple moving average of $747.06 and a two-hundred day simple moving average of $666.27. 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 posted its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, topping 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 business's quarterly revenue was up 21.6% on a year-over-year basis. During the same period last year, the business posted $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. Equities analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

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

About Meta Platforms

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.