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Andina Capital Management LLC Takes $494,000 Position in Meta Platforms, Inc. $META

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Key Points

  • Andina Capital Management LLC acquired a new stake in Meta Platforms, purchasing 857 shares valued at approximately $494,000.
  • Multiple large investors, including Texas Capital Bancshares and Blue Investment Partners, have recently increased their holdings in Meta, reflecting strong institutional interest with 79.91% of shares owned by such investors.
  • Meta's stock has received positive ratings from analysts, with a consensus of "Moderate Buy" and a price target averaging around $822.41.
  • Want stock alerts on Meta Platforms? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Andina Capital Management LLC purchased a new stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 857 shares of the social networking company's stock, valued at approximately $494,000.

Other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its holdings in shares of Meta Platforms by 1.7% in the 4th quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock worth $20,230,000 after acquiring an additional 570 shares during the last quarter. Revolve Wealth Partners LLC increased its position in shares of Meta Platforms by 10.2% during the fourth quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company's stock worth $5,537,000 after acquiring an additional 875 shares during the period. Bank Pictet & Cie Europe AG raised its stake in shares of Meta Platforms by 3.5% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 221,459 shares of the social networking company's stock valued at $129,666,000 after acquiring an additional 7,587 shares in the last quarter. Highview Capital Management LLC DE grew its stake in Meta Platforms by 3.7% during the 4th quarter. Highview Capital Management LLC DE now owns 6,189 shares of the social networking company's stock worth $3,624,000 after purchasing an additional 218 shares in the last quarter. Finally, Benchstone Capital Management LP acquired a new position in Meta Platforms during the 4th quarter worth $23,749,000. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Roth Capital boosted their price objective on Meta Platforms from $620.00 to $740.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. JMP Securities raised their target price on Meta Platforms from $750.00 to $900.00 and gave the stock a "market outperform" rating in a research report on Thursday, July 31st. Robert W. Baird raised their price objective on shares of Meta Platforms from $635.00 to $740.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. Pivotal Research upped 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. Finally, Citizens Jmp upped their target price on Meta Platforms from $750.00 to $900.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Three analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $822.41.

View Our Latest Stock Report on Meta Platforms

Insider Activity

In related news, insider Jennifer Newstead sold 519 shares of Meta Platforms stock in a transaction on Monday, August 18th. The stock was sold at an average price of $775.00, for a total transaction of $402,225.00. Following the completion of the transaction, the insider directly owned 32,946 shares of the company's stock, valued at approximately $25,533,150. The trade was a 1.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Robert M. Kimmitt sold 465 shares of the company's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $784.32, for a total value of $364,708.80. Following the completion of the sale, the director directly owned 8,877 shares in the company, valued at $6,962,408.64. This trade represents a 4.98% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 313,803 shares of company stock valued at $235,276,424 in the last quarter. Insiders own 13.61% of the company's stock.

Meta Platforms Stock Performance

META traded up $15.69 during trading on Friday, reaching $754.79. The company's stock had a trading volume of 10,590,214 shares, compared to its average volume of 13,538,896. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.97. The company's fifty day moving average price is $730.31 and its 200-day moving average price is $657.36. Meta Platforms, Inc. has a 52-week low of $479.80 and a 52-week high of $796.25. The company has a market capitalization of $1.90 trillion, a price-to-earnings ratio of 27.33, a price-to-earnings-growth ratio of 1.57 and a beta of 1.27.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $44.55 billion. During the same period in the prior year, the business posted $5.16 EPS. The company's revenue for the quarter was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. On average, equities analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Monday, June 16th were issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Monday, June 16th. Meta Platforms's dividend payout ratio (DPR) is currently 7.60%.

Meta Platforms 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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Institutional Ownership by Quarter for Meta Platforms (NASDAQ:META)

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