BigSur Wealth Management LLC Grows Stock Position in Meta Platforms, Inc. $META

Key Points

• BigSur Wealth Management LLC increased its stock position in Meta Platforms, Inc. by 170.8% during the 2nd quarter, holding 6,500 shares valued at approximately $4.8 million.
• Several institutional investors have also recently purchased shares of Meta, indicating strong interest, with 79.91% of the company's stock now held by these investors.
• Meta Platforms reported a quarterly revenue of $47.52 billion and an EPS of $7.14, surpassing analysts' expectations and resulting in a 21.6% increase in year-over-year revenue.

BigSur Wealth Management LLC grew its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 170.8% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,500 shares of the social networking company's stock after purchasing an additional 4,100 shares during the quarter. Meta Platforms makes up approximately 1.2% of BigSur Wealth Management LLC's holdings, making the stock its 22nd biggest position. BigSur Wealth Management LLC's holdings in Meta Platforms were worth $4,798,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in META. Inlight Wealth Management LLC bought a new position in shares of Meta Platforms during the 1st quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Meta Platforms during the 1st quarter valued at approximately $28,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Meta Platforms during the 1st quarter valued at approximately $33,000. JCIC Asset Management Inc. grew its stake in shares of Meta Platforms by 102.6% during the 1st quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company's stock valued at $46,000 after acquiring an additional 40 shares during the period. Finally, Principia Wealth Advisory LLC grew its stake in shares of Meta Platforms by 53.6% during the 1st quarter. Principia Wealth Advisory LLC now owns 86 shares of the social networking company's stock valued at $50,000 after acquiring an additional 30 shares during the period. Hedge funds and other institutional investors own 79.91% of the company's stock.

Insider Activity at Meta Platforms

In related news, insider Jennifer Newstead sold 519 shares of the stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $769.20, for a total transaction of $399,214.80. Following the sale, the insider owned 30,351 shares in the company, valued at approximately $23,345,989.20. This represents a 1.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Robert M. Kimmitt sold 465 shares of the stock in a transaction on Monday, September 15th. The shares were sold at an average price of $757.47, for a total value of $352,223.55. Following the sale, the director owned 8,412 shares in the company, valued at $6,371,837.64. The trade was a 5.24% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 229,819 shares of company stock worth $176,241,968. Company insiders own 13.61% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Oppenheimer boosted their price objective on Meta Platforms from $775.00 to $870.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Pivotal Research increased their price objective 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. Wells Fargo & Company increased their price objective on shares of Meta Platforms from $783.00 to $811.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Scotiabank increased their price objective 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. Finally, JMP Securities increased their price objective on shares of Meta Platforms from $750.00 to $900.00 and gave the company a "market outperform" rating in a report on Thursday, July 31st. Three 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 company. According to MarketBeat, Meta Platforms has an average rating of "Moderate Buy" and a consensus price target of $826.05.

Meta Platforms Stock Down 0.7%

NASDAQ META opened at $743.75 on Monday. 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 has a market capitalization of $1.87 trillion, a P/E ratio of 26.93, a P/E/G ratio of 1.55 and a beta of 1.24. Meta Platforms, Inc. has a one year low of $479.80 and a one year high of $796.25. The stock has a 50 day moving average price of $751.74 and a 200-day moving average price of $671.40.

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

Meta Platforms Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 22nd will be issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 0.3%. The ex-dividend date is Monday, September 22nd. Meta Platforms's dividend payout ratio is presently 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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