Abel Hall LLC Raises Stock Position in Meta Platforms, Inc. $META

Key Points

• Abel Hall LLC increased its stake in Meta Platforms by 35% during the second quarter, holding 3,219 shares valued at approximately $2.38 million, making it the firm's 13th biggest holding.
• Insider trading has been notable, with COO Javier Olivan selling 517 shares for about $368,797, and 213,198 shares sold by insiders in the last three months, valued at over $164 million.
• Meta Platforms has experienced a positive shift in analyst ratings, with various firms raising their price targets significantly, reflecting a consensus "Moderate Buy" rating and an average price target of $830.68.

Abel Hall LLC lifted its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 35.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,219 shares of the social networking company's stock after acquiring an additional 834 shares during the quarter. Meta Platforms makes up approximately 1.1% of Abel Hall LLC's holdings, making the stock its 13th biggest holding. Abel Hall LLC's holdings in Meta Platforms were worth $2,376,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Inlight Wealth Management LLC purchased a new position in shares of Meta Platforms during the first quarter worth approximately $25,000. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Meta Platforms during the first quarter worth approximately $28,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Meta Platforms during the first quarter worth approximately $33,000. Evergreen Private Wealth LLC increased its position in shares of Meta Platforms by 237.5% during the second quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company's stock worth $40,000 after acquiring an additional 38 shares during the period. Finally, JCIC Asset Management Inc. increased its holdings in Meta Platforms by 102.6% during the first quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company's stock valued at $46,000 after buying an additional 40 shares during the period. 79.91% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, COO Javier Olivan sold 517 shares of the company's stock in a transaction on Monday, October 13th. The shares were sold at an average price of $713.34, for a total value of $368,796.78. Following the sale, the chief operating officer directly owned 8,992 shares of the company's stock, valued at approximately $6,414,353.28. This represents a 5.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jennifer Newstead sold 519 shares of the company's stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $716.98, for a total transaction of $372,112.62. Following the completion of the sale, the insider directly owned 29,313 shares in the company, valued at approximately $21,016,834.74. The trade was a 1.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 213,198 shares of company stock valued at $164,232,558. 13.61% of the stock is owned by insiders.

Meta Platforms Trading Up 1.3%

NASDAQ:META opened at $717.55 on Thursday. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25. The firm has a fifty day simple moving average of $748.80 and a 200-day simple moving average of $681.19. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $1.80 trillion, a P/E ratio of 25.98, a PEG ratio of 1.48 and a beta of 1.20.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, topping the consensus estimate of $5.75 by $1.39. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. 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 previous year, the firm posted $5.16 earnings per share. The business's revenue for the quarter was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. On average, equities research analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Monday, September 22nd. Meta Platforms's dividend payout ratio is presently 7.60%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on META shares. Hsbc Global Res raised shares of Meta Platforms from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 31st. Barclays lifted their price objective on shares of Meta Platforms from $640.00 to $810.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Roth Capital lifted their price objective on shares of Meta Platforms from $620.00 to $740.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Canaccord Genuity Group lifted their price objective on shares of Meta Platforms from $825.00 to $850.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. Finally, BMO Capital Markets lifted their price objective on shares of Meta Platforms from $610.00 to $710.00 and gave the company a "market perform" rating in a report on Thursday, July 31st. Four 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $830.68.

Meta Platforms Profile

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.

Want to see what other hedge funds are holding META? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Meta Platforms, Inc. (NASDAQ:META - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.