Bey Douglas LLC Has $5.93 Million Stake in Meta Platforms, Inc. $META

Key Points

• Bey Douglas LLC increased its stake in Meta Platforms, Inc. by 82% during the second quarter, now holding around $5.93 million worth of shares, making it the firm's 12th largest holding.
• Meta Platforms has recently seen significant bullish price target adjustments from multiple analysts, with the average target rising to $829.66 and many analysts rating it as a "buy."
• The company reported better-than-expected earnings of $7.14 per share for the last quarter, surpassing estimates by $1.39, along with a revenue increase of 21.6% year-over-year.

Bey Douglas LLC raised its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 82.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,029 shares of the social networking company's stock after acquiring an additional 3,617 shares during the period. Meta Platforms comprises about 3.5% of Bey Douglas LLC's investment portfolio, making the stock its 12th largest holding. Bey Douglas LLC's holdings in Meta Platforms were worth $5,926,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in META. Kingstone Capital Partners Texas LLC grew its stake in Meta Platforms by 608,429.2% in the second quarter. Kingstone Capital Partners Texas LLC now owns 59,775,823 shares of the social networking company's stock valued at $44,119,937,000 after acquiring an additional 59,766,000 shares during the period. Nuveen LLC acquired a new position in Meta Platforms in the first quarter valued at about $2,990,544,000. Amundi boosted its position in shares of Meta Platforms by 23.5% during the first quarter. Amundi now owns 7,733,061 shares of the social networking company's stock worth $4,111,050,000 after buying an additional 1,470,070 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Meta Platforms by 8.8% during the first quarter. Goldman Sachs Group Inc. now owns 15,575,962 shares of the social networking company's stock worth $8,977,361,000 after buying an additional 1,255,546 shares during the period. Finally, Strs Ohio acquired a new position in shares of Meta Platforms during the first quarter worth about $571,086,000. 79.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. UBS Group upped their price objective on Meta Platforms from $897.00 to $900.00 and gave the stock a "buy" rating in a research report on Thursday, October 9th. JMP Securities upped their price objective 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. Wedbush upped their price objective on Meta Platforms from $750.00 to $920.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Guggenheim reaffirmed a "buy" rating and set a $800.00 price objective (up from $725.00) on shares of Meta Platforms in a research report on Monday, July 28th. Finally, Pivotal Research upped their price objective on Meta Platforms from $830.00 to $930.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Four research 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. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $829.66.

Meta Platforms Price Performance

NASDAQ:META opened at $732.17 on Tuesday. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.15. The stock's 50 day moving average price is $746.08 and its two-hundred day moving average price is $686.38. The firm has a market capitalization of $1.84 trillion, a price-to-earnings ratio of 26.51, a P/E/G ratio of 1.50 and a beta of 1.20. Meta Platforms, Inc. has a 12-month low of $479.80 and a 12-month high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.75 by $1.39. The firm had revenue of $47.52 billion for the quarter, compared to analyst estimates of $44.55 billion. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The business's revenue for the quarter was up 21.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. On average, analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Announces Dividend

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

Insider Buying and Selling at Meta Platforms

In other news, COO Javier Olivan sold 517 shares of the stock in a transaction that occurred on Monday, October 13th. The stock was sold at an average price of $713.34, for a total transaction of $368,796.78. Following the transaction, the chief operating officer owned 8,992 shares in the company, valued at approximately $6,414,353.28. This trade represents a 5.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jennifer Newstead sold 519 shares of the stock in a transaction that occurred on Tuesday, October 14th. The stock was sold at an average price of $707.85, for a total value of $367,374.15. Following the transaction, the insider owned 28,794 shares in the company, valued at approximately $20,381,832.90. This trade represents a 1.77% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 213,146 shares of company stock worth $164,196,453 over the last 90 days. Company insiders own 13.61% of the company's stock.

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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