Centennial Wealth Advisory LLC Increases Stock Position in Meta Platforms, Inc. $META

Centennial Wealth Advisory LLC lifted its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 19.8% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 2,891 shares of the social networking company's stock after purchasing an additional 478 shares during the period. Meta Platforms comprises 0.7% of Centennial Wealth Advisory LLC's holdings, making the stock its 29th biggest position. Centennial Wealth Advisory LLC's holdings in Meta Platforms were worth $2,134,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of META. Kingstone Capital Partners Texas LLC lifted its position 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 valued at $44,119,937,000 after acquiring an additional 59,766,000 shares during the last quarter. Invesco Ltd. increased its position in shares of Meta Platforms by 2.3% during the first quarter. Invesco Ltd. now owns 17,669,795 shares of the social networking company's stock worth $10,184,163,000 after purchasing an additional 400,927 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Meta Platforms by 8.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 15,575,962 shares of the social networking company's stock worth $8,977,361,000 after purchasing an additional 1,255,546 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Meta Platforms by 4.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 12,543,468 shares of the social networking company's stock worth $7,229,553,000 after buying an additional 536,160 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in Meta Platforms by 2.5% in the first quarter. Wellington Management Group LLP now owns 10,041,171 shares of the social networking company's stock valued at $5,787,329,000 after buying an additional 247,850 shares during the last quarter. Hedge funds and other institutional investors own 79.91% of the company's stock.

Insiders Place Their Bets

In related news, COO Javier Olivan sold 517 shares of the company's stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $748.72, for a total transaction of $387,088.24. Following the completion of the sale, the chief operating officer owned 10,026 shares of the company's stock, valued at approximately $7,506,666.72. This represents a 4.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jennifer Newstead sold 519 shares of the firm's stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $741.50, for a total transaction of $384,838.50. Following the completion of the transaction, the insider directly owned 29,832 shares in the company, valued at $22,120,428. This trade represents a 1.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 213,665 shares of company stock valued at $164,584,215 in the last 90 days. 13.61% of the stock is owned by insiders.

Analysts Set New Price Targets

META has been the topic of a number of research analyst reports. Citizens Jmp boosted their price target on Meta Platforms from $750.00 to $900.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Needham & Company LLC upgraded shares of Meta Platforms from an "underperform" rating to a "hold" rating in a research note on Thursday, July 3rd. TD Cowen raised their price target on shares of Meta Platforms from $800.00 to $875.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Citigroup reaffirmed an "outperform" rating on shares of Meta Platforms in a report on Thursday, July 31st. Finally, JMP Securities lifted their price target 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. 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 company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $830.02.

Meta Platforms Stock Down 2.3%

META opened at $710.56 on Monday. Meta Platforms, Inc. has a twelve month low of $479.80 and a twelve month high of $796.25. 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 company has a 50-day moving average price of $753.21 and a 200 day moving average price of $676.07. The company has a market cap of $1.79 trillion, a PE ratio of 25.73, a price-to-earnings-growth 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.75 by $1.39. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The company had revenue of $47.52 billion for the quarter, compared to analysts' expectations of $44.55 billion. During the same period in the previous year, the firm posted $5.16 EPS. Meta Platforms's revenue was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. Sell-side analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were issued a $0.525 dividend. The ex-dividend date was Monday, September 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. Meta Platforms's dividend payout ratio (DPR) 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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