Concurrent Investment Advisors LLC Boosts Stock Position in Meta Platforms, Inc. $META

Concurrent Investment Advisors LLC lifted its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 8.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 59,508 shares of the social networking company's stock after buying an additional 4,510 shares during the quarter. Meta Platforms makes up 0.8% of Concurrent Investment Advisors LLC's investment portfolio, making the stock its 14th largest holding. Concurrent Investment Advisors LLC's holdings in Meta Platforms were worth $43,922,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Kingstone Capital Partners Texas LLC grew its stake in Meta Platforms by 608,429.2% during the 2nd 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 in the last quarter. Invesco Ltd. grew its stake in Meta Platforms by 2.3% during the 1st 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. grew its stake 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 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 purchasing an additional 536,160 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in Meta Platforms by 2.5% during the 1st quarter. Wellington Management Group LLP now owns 10,041,171 shares of the social networking company's stock worth $5,787,329,000 after purchasing an additional 247,850 shares in the last quarter. 79.91% of the stock is owned by institutional investors and hedge funds.

Meta Platforms Stock Up 0.2%

Meta Platforms stock opened at $733.27 on Wednesday. Meta Platforms, Inc. has a fifty-two week low of $479.80 and a fifty-two week high of $796.25. 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 $1.84 trillion, a P/E ratio of 26.55, a PEG ratio of 1.53 and a beta of 1.20. The stock has a 50-day simple moving average of $744.95 and a 200-day simple moving average of $686.70.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, beating the consensus estimate 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 firm's revenue was up 21.6% compared to the same quarter last year. During the same period in the prior year, the business earned $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. Equities research analysts expect 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 paid a dividend of $0.525 per share. The ex-dividend date of this dividend 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%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Stifel Nicolaus boosted their target price on Meta Platforms from $845.00 to $900.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Bank of America upped their price objective on Meta Platforms from $775.00 to $900.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Loop Capital reaffirmed a "buy" rating and set a $980.00 price objective (up from $888.00) on shares of Meta Platforms in a research report on Tuesday, August 5th. Canaccord Genuity Group upped their price objective on Meta Platforms from $825.00 to $850.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Finally, Citigroup reaffirmed an "outperform" rating on shares of Meta Platforms in a research report on Thursday, July 31st. Four investment analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $829.66.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, COO Javier Olivan sold 517 shares of the company's 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 completion of the sale, the chief operating officer directly owned 8,992 shares of the company's stock, valued at $6,414,353.28. This represents a 5.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jennifer Newstead sold 519 shares of the company's stock in a transaction that occurred on Tuesday, October 14th. The shares were sold at an average price of $707.85, for a total value of $367,374.15. Following the sale, the insider directly owned 28,794 shares of the company's stock, valued at approximately $20,381,832.90. This represents a 1.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 213,146 shares of company stock valued at $164,196,453 in the last ninety days. 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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