21 West Wealth Management LLC bought a new stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 714 shares of the social networking company's stock, valued at approximately $527,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Goldstone Financial Group LLC increased its holdings in Meta Platforms by 17.7% in the 2nd quarter. Goldstone Financial Group LLC now owns 2,599 shares of the social networking company's stock valued at $1,869,000 after purchasing an additional 391 shares in the last quarter. Apella Capital LLC lifted its stake in shares of Meta Platforms by 11.0% during the second quarter. Apella Capital LLC now owns 3,950 shares of the social networking company's stock worth $2,837,000 after purchasing an additional 390 shares in the last quarter. Boltwood Capital Management boosted its position in shares of Meta Platforms by 4.3% in the second quarter. Boltwood Capital Management now owns 4,545 shares of the social networking company's stock worth $3,355,000 after buying an additional 186 shares during the period. Legacy Private Trust Co. grew its stake in shares of Meta Platforms by 4.8% in the second quarter. Legacy Private Trust Co. now owns 21,537 shares of the social networking company's stock valued at $15,896,000 after buying an additional 979 shares in the last quarter. Finally, Gradient Investments LLC raised its holdings in shares of Meta Platforms by 2.9% during the 2nd quarter. Gradient Investments LLC now owns 121,699 shares of the social networking company's stock valued at $89,825,000 after buying an additional 3,408 shares during the period. Institutional investors and hedge funds own 79.91% of the company's stock.
Meta Platforms Stock Performance
Shares of META stock opened at $764.70 on Tuesday. The stock has a market capitalization of $1.92 trillion, a price-to-earnings ratio of 27.69, a PEG ratio of 1.56 and a beta of 1.24. Meta Platforms, Inc. has a one year low of $479.80 and a one year high of $796.25. The company's 50-day simple moving average is $742.75 and its 200-day simple moving average is $662.53. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.97.
Meta Platforms (NASDAQ:META - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $47.52 billion during the quarter, compared to analyst estimates of $44.55 billion. During the same period in the previous year, the company earned $5.16 earnings per share. Meta Platforms's quarterly revenue was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. Equities analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.
Meta Platforms Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Investors 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 of this dividend is Monday, September 22nd. Meta Platforms's dividend payout ratio is currently 7.60%.
Insider Buying and Selling
In other news, insider Christopher K. Cox sold 60,000 shares of the firm's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $775.95, for a total value of $46,557,000.00. Following the transaction, the insider directly owned 237,205 shares in the company, valued at approximately $184,059,219.75. This trade represents a 20.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Mark Zuckerberg sold 15,847 shares of the business's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $753.43, for a total transaction of $11,939,605.21. The disclosure for this sale can be found here. Insiders have sold 259,674 shares of company stock worth $197,549,274 over the last ninety days. 13.61% of the stock is owned by insiders.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on META shares. Royal Bank Of Canada upped their price target on Meta Platforms from $740.00 to $840.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Loop Capital reissued a "buy" rating and set a $980.00 target price (up from $888.00) on shares of Meta Platforms in a research report on Tuesday, August 5th. Wedbush upped their target price on shares of Meta Platforms from $750.00 to $920.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Bank of America lifted their price target 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, Barclays upped their price objective on shares of Meta Platforms from $640.00 to $810.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Three 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's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $822.41.
Check Out Our Latest Analysis on META
Meta Platforms Company Profile
(
Free Report)
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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