361 Shares in Meta Platforms, Inc. $META Bought by Elwood & Goetz Wealth Advisory Group LLC

Elwood & Goetz Wealth Advisory Group LLC acquired a new stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 361 shares of the social networking company's stock, valued at approximately $266,000.

Several other large investors have also bought and sold shares of META. Brighton Jones LLC lifted its stake in Meta Platforms by 1.7% during the 4th quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock valued at $20,230,000 after acquiring an additional 570 shares in the last quarter. Revolve Wealth Partners LLC lifted its stake in Meta Platforms by 10.2% during the 4th quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company's stock valued at $5,537,000 after acquiring an additional 875 shares in the last quarter. Clean Yield Group lifted its stake in Meta Platforms by 100.0% during the 1st quarter. Clean Yield Group now owns 108 shares of the social networking company's stock valued at $62,000 after acquiring an additional 54 shares in the last quarter. City Center Advisors LLC bought a new position in Meta Platforms during the 1st quarter valued at $266,000. Finally, Griffith & Werner Inc. lifted its stake in Meta Platforms by 4.4% during the 1st quarter. Griffith & Werner Inc. now owns 9,867 shares of the social networking company's stock valued at $5,687,000 after acquiring an additional 416 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on META shares. Stifel Nicolaus raised their price objective on Meta Platforms from $845.00 to $900.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Meta Platforms in a research report on Saturday, September 27th. JMP Securities lifted their target price on Meta Platforms from $750.00 to $900.00 and gave the stock a "market outperform" rating in a research note on Thursday, July 31st. Guggenheim reiterated a "buy" rating and set a $800.00 target price (up from $725.00) on shares of Meta Platforms in a research note on Monday, July 28th. Finally, Zacks Research cut Meta Platforms from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Meta Platforms has a consensus rating of "Moderate Buy" and a consensus price target of $830.02.

Insiders Place Their Bets

In other news, Director Robert M. Kimmitt sold 465 shares of the firm's stock in a transaction on Monday, September 15th. The stock was sold at an average price of $757.47, for a total value of $352,223.55. Following the completion of the transaction, the director directly owned 8,412 shares of the company's stock, valued at $6,371,837.64. This trade represents a 5.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jennifer Newstead sold 519 shares of Meta Platforms stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $741.50, for a total value of $384,838.50. Following the completion of the transaction, the insider owned 29,832 shares of the company's stock, valued at approximately $22,120,428. This trade represents a 1.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 213,146 shares of company stock worth $164,209,720 over the last 90 days. Corporate insiders own 13.61% of the company's stock.

Meta Platforms Trading Up 0.7%

Shares of Meta Platforms stock opened at $715.66 on Tuesday. Meta Platforms, Inc. has a 52-week low of $479.80 and a 52-week high of $796.25. The stock's 50-day simple moving average is $753.17 and its 200 day simple moving average is $676.91. The stock has a market capitalization of $1.80 trillion, a P/E ratio of 25.91, a P/E/G ratio of 1.48 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.

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 (EPS) for the quarter, beating analysts' consensus estimates of $5.75 by $1.39. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The business had revenue of $47.52 billion for the quarter, compared to analysts' expectations of $44.55 billion. During the same period in the previous year, the business posted $5.16 EPS. The firm's quarterly revenue was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, research analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Dividend Announcement

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

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