Almanack Investment Partners LLC. Increases Position in Meta Platforms, Inc. $META

Key Points

• Almanack Investment Partners LLC increased its stake in Meta Platforms by 32.1% during Q2, owning 2,938 shares valued at $2.16 million.
• Several large investors significantly boosted their stakes, with Kingstone Capital Partners raising theirs by over 608,000%, acquiring nearly 60 million shares valued at approximately $44.12 billion.
• Analysts are optimistic, with multiple firms raising their price targets for Meta, resulting in a consensus target of $829.66 and a general rating of "Buy."

Almanack Investment Partners LLC. boosted its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 32.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,938 shares of the social networking company's stock after purchasing an additional 714 shares during the period. Almanack Investment Partners LLC.'s holdings in Meta Platforms were worth $2,168,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of META. Kingstone Capital Partners Texas LLC raised its stake in Meta Platforms by 608,429.2% during the second quarter. Kingstone Capital Partners Texas LLC now owns 59,775,823 shares of the social networking company's stock worth $44,119,937,000 after purchasing an additional 59,766,000 shares during the period. Nuveen LLC purchased a new position in shares of Meta Platforms in the 1st quarter valued at $2,990,544,000. Amundi raised its stake in shares of Meta Platforms by 23.5% in the 1st quarter. Amundi now owns 7,733,061 shares of the social networking company's stock valued at $4,111,050,000 after acquiring an additional 1,470,070 shares during the period. Goldman Sachs Group Inc. grew its holdings in Meta Platforms by 8.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 15,575,962 shares of the social networking company's stock valued at $8,977,361,000 after purchasing an additional 1,255,546 shares in the last quarter. Finally, Strs Ohio acquired a new stake in Meta Platforms during the 1st quarter valued at $571,086,000. Hedge funds and other institutional investors own 79.91% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on META shares. JPMorgan Chase & Co. boosted their target price on shares of Meta Platforms from $795.00 to $875.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. KeyCorp lifted their price target on shares of Meta Platforms from $800.00 to $905.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Pivotal Research lifted their price target on shares of Meta Platforms from $830.00 to $930.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $920.00 price target on shares of Meta Platforms in a report on Thursday, October 16th. Finally, Scotiabank lifted their price target on shares of Meta Platforms from $675.00 to $685.00 and gave the company a "sector perform" rating in a report on Thursday, July 31st. Five equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Meta Platforms currently has a consensus rating of "Buy" and an average price target of $829.66.

Insider Activity at Meta Platforms

In other Meta Platforms news, CFO Susan J. Li sold 18,332 shares of Meta Platforms stock in a transaction on Monday, August 18th. The shares were sold at an average price of $764.71, for a total transaction of $14,018,663.72. Following the completion of the transaction, the chief financial officer directly owned 84,141 shares of the company's stock, valued at $64,343,464.11. The trade was a 17.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Andrew Bosworth sold 11,694 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 $9,062,850.00. Following the transaction, the chief technology officer directly owned 1,799 shares of the company's stock, valued at approximately $1,394,225. This trade represents a 86.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 213,663 shares of company stock valued at $164,569,365. 13.61% of the stock is owned by company insiders.

Meta Platforms Stock Performance

Shares of NASDAQ:META opened at $733.41 on Thursday. The company has a market capitalization of $1.84 trillion, a price-to-earnings ratio of 26.55, a P/E/G ratio of 1.53 and a beta of 1.20. The firm's 50 day simple moving average is $744.01 and its 200 day simple moving average is $687.02. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.97 and a quick ratio of 1.97. Meta Platforms, Inc. has a fifty-two week low of $479.80 and a fifty-two week high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its earnings results 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 firm had revenue of $47.52 billion for the quarter, compared to the consensus estimate of $44.55 billion. During the same period last year, the company posted $5.16 EPS. The business's quarterly revenue was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, sell-side analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Dividend Announcement

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

Meta Platforms Company 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.

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