AdvisorNet Financial 13F: Cuts META Stake by $1.4M

AdvisorNet Financial recently trimmed its holdings in Meta Platforms, Inc. (NasdaqGS: META) by selling 1,897 shares. As of the latest SEC filing, AdvisorNet Financial now holds 12,812 shares valued at approximately $9.45 million. This reduction represents a 12.9% decrease in their position.

What Changed in AdvisorNet Financial's Meta Platforms Position

AdvisorNet Financial cut its stake in Meta Platforms by 12.9%, reducing its shares from 14,709 to 12,812. The remaining shares are valued at about $9.45 million, according to the most recent filing.

Meta Platforms, Inc. Stock Down 4.4%

Shares of Meta Platforms, Inc. have been trading within a range of $520.26 to $770.60 over the past 52 weeks. With a market cap of around $1.89 trillion, the stock has a P/E ratio of 27.9 and a forward P/E of 21.3. Meta's beta stands at 1.243, indicating somewhat higher volatility compared to the market. The stock's 50-day moving average is $608.82, while the 200-day moving average is $624.63. Its current ratio is 2.23, with a quick ratio of 1.99 and a debt-to-equity ratio of 43.0.

Recent Earnings

Meta Platforms reported revenue of $228.25 billion, reflecting a growth rate of 28%. The company achieved a net margin of 29.8% and a return on equity of 29.85%. Earnings per share (EPS) were $26.56. Investors are looking ahead to the next earnings announcement scheduled for October 28, 2026.

Dividend

Meta Platforms offers an annual dividend rate of $2.10, yielding 0.32% at the current price. The payout ratio is a modest 7.91%, indicating a conservative approach to dividends relative to earnings.

About Meta Platforms, Inc.

Meta Platforms, Inc., headquartered in Menlo Park, California, is a leading player in the Communication Services sector, focusing on internet content and information. The company, led by CEO Mark Zuckerberg, employs over 75,000 people worldwide. Meta develops products that help people connect and share experiences across various platforms, including mobile devices, VR headsets, and AI glasses. Its Family of Apps includes Facebook, Instagram, Messenger, and WhatsApp, while the Reality Labs segment focuses on virtual and augmented reality products.

Bottom Line

AdvisorNet Financial's decision to reduce its stake in Meta Platforms is a typical portfolio adjustment reflected in the latest 13F filing. Investors often track such changes for insights into fund strategies and market sentiment. It's important to remember that 13F filings are historical snapshots and may not represent current positions.