Childress Capital Advisors LLC Raises Stock Holdings in Meta Platforms, Inc. $META

Key Points

• Childress Capital Advisors LLC increased its stake in Meta Platforms, Inc. by 8.8%, now holding 8,074 shares worth approximately $5.96 million, making it the firm's 15th largest investment.
• Several large investors, including Kingstone Capital Partners, have significantly increased their holdings in Meta, with 79.91% of the stock currently owned by institutional investors.
• Meta Platforms reported earnings of $7.14 per share for the latest quarter, exceeding estimates and contributing to a revenue of $47.52 billion, a 21.6% increase year-over-year.

Childress Capital Advisors LLC grew its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 8.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,074 shares of the social networking company's stock after acquiring an additional 654 shares during the quarter. Meta Platforms comprises about 1.5% of Childress Capital Advisors LLC's investment portfolio, making the stock its 15th biggest holding. Childress Capital Advisors LLC's holdings in Meta Platforms were worth $5,960,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Kingstone Capital Partners Texas LLC boosted its holdings 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 worth $44,119,937,000 after purchasing an additional 59,766,000 shares during the last quarter. Nuveen LLC purchased a new position in shares of Meta Platforms in the 1st quarter worth $2,990,544,000. Assenagon Asset Management S.A. boosted its stake in shares of Meta Platforms by 712.2% in the 1st quarter. Assenagon Asset Management S.A. now owns 2,537,631 shares of the social networking company's stock worth $1,462,589,000 after buying an additional 2,225,186 shares during the last quarter. Amundi grew its holdings in shares of Meta Platforms by 23.5% in the first quarter. Amundi now owns 7,733,061 shares of the social networking company's stock worth $4,111,050,000 after acquiring an additional 1,470,070 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in 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 valued at $8,977,361,000 after acquiring an additional 1,255,546 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

META has been the topic of several recent research reports. Scotiabank increased their price objective on shares of Meta Platforms from $675.00 to $685.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 31st. JPMorgan Chase & Co. increased their price target 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. Pivotal Research lifted their price target on shares of Meta Platforms from $830.00 to $930.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Barclays upped their price objective on Meta Platforms from $640.00 to $810.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Finally, TD Cowen lifted their target price on Meta Platforms from $800.00 to $875.00 and gave the company a "buy" 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 issued a Hold rating to the stock. Based on data from MarketBeat, Meta Platforms presently has a consensus rating of "Moderate Buy" and a consensus price target of $830.61.

Meta Platforms Price Performance

Meta Platforms stock opened at $713.08 on Wednesday. Meta Platforms, Inc. has a 52-week low of $479.80 and a 52-week 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 firm's fifty day moving average is $753.44 and its 200 day moving average is $677.16. The company has a market cap of $1.79 trillion, a price-to-earnings ratio of 25.82, a PEG ratio of 1.49 and a beta of 1.20.

Meta Platforms (NASDAQ:META - Get Free Report) last released its earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share for the quarter, beating 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 firm had revenue of $47.52 billion for the quarter, compared to the consensus estimate of $44.55 billion. During the same quarter in the previous year, the company posted $5.16 EPS. The company'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. Sell-side analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Announces Dividend

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 $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 payout ratio is 7.60%.

Insider Buying and Selling at Meta Platforms

In related news, COO Javier Olivan sold 517 shares of the stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $748.72, for a total value of $387,088.24. Following the transaction, the chief operating officer owned 10,026 shares of the company's stock, valued at $7,506,666.72. This represents a 4.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jennifer Newstead sold 519 shares of the stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $741.50, for a total value of $384,838.50. Following the transaction, the insider directly owned 29,832 shares in the company, valued at $22,120,428. The trade was a 1.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 213,146 shares of company stock valued at $164,209,720 in the last three months. Company insiders own 13.61% of the company's stock.

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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