Consolidated Capital Management LLC Acquires 2,086 Shares of Meta Platforms, Inc. $META

Key Points

• Consolidated Capital Management LLC increased its holdings in Meta Platforms by 11.9% during Q2, acquiring an additional 2,086 shares, bringing its total to 19,544 shares valued at approximately $14.4 million.
• Numerous hedge funds have adjusted their positions in Meta, with 79.91% of the stock owned by institutional investors and hedge funds, reflecting strong market interest.
• Meta Platforms reported better-than-expected Q2 earnings, with an EPS of $7.14, topping forecasts of $5.75, and revenue reaching $47.52 billion.

Consolidated Capital Management LLC increased its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 11.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,544 shares of the social networking company's stock after buying an additional 2,086 shares during the period. Meta Platforms comprises approximately 5.2% of Consolidated Capital Management LLC's portfolio, making the stock its 7th largest position. Consolidated Capital Management LLC's holdings in Meta Platforms were worth $14,425,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in META. Csenge Advisory Group lifted its position in shares of Meta Platforms by 12.0% in the 1st quarter. Csenge Advisory Group now owns 9,539 shares of the social networking company's stock worth $5,498,000 after purchasing an additional 1,019 shares during the period. ARQ Wealth Advisors LLC lifted its position in shares of Meta Platforms by 4.5% in the 1st quarter. ARQ Wealth Advisors LLC now owns 785 shares of the social networking company's stock worth $452,000 after purchasing an additional 34 shares during the period. JMG Financial Group Ltd. acquired a new position in shares of Meta Platforms in the 1st quarter worth approximately $284,000. Infusive Asset Management Inc. lifted its position in shares of Meta Platforms by 10.7% in the 1st quarter. Infusive Asset Management Inc. now owns 23,620 shares of the social networking company's stock worth $13,614,000 after purchasing an additional 2,285 shares during the period. Finally, Aspire Growth Partners LLC lifted its position in shares of Meta Platforms by 7.3% in the 1st quarter. Aspire Growth Partners LLC now owns 662 shares of the social networking company's stock worth $395,000 after purchasing an additional 45 shares during the period. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted 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. Guggenheim reiterated a "buy" rating and issued a $800.00 price objective (up previously from $725.00) on shares of Meta Platforms in a research note on Monday, July 28th. TD Cowen lifted their price objective on shares of Meta Platforms from $800.00 to $875.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Wedbush lifted their price objective on shares of Meta Platforms from $750.00 to $920.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Finally, Oppenheimer lifted their price objective on shares of Meta Platforms from $775.00 to $870.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Four analysts have rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $830.02.

Insider Activity at Meta Platforms

In related news, CTO Andrew Bosworth sold 11,694 shares of the business's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $775.00, for a total value of $9,062,850.00. Following the transaction, the chief technology officer directly owned 1,799 shares of the company's stock, valued at approximately $1,394,225. The trade was a 86.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mark Zuckerberg sold 15,847 shares of the business's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $753.43, for a total transaction of $11,939,605.21. The disclosure for this sale can be found here. Insiders sold a total of 214,182 shares of company stock valued at $164,955,168 over the last quarter. Corporate insiders own 13.61% of the company's stock.

Meta Platforms Stock Performance

NASDAQ META opened at $727.05 on Friday. Meta Platforms, Inc. has a 1 year low of $479.80 and a 1 year high of $796.25. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.97 and a quick ratio of 1.97. The firm has a market cap of $1.83 trillion, a price-to-earnings ratio of 26.32, a PEG ratio of 1.50 and a beta of 1.20. The company has a fifty day moving average price of $753.26 and a 200-day moving average price of $673.93.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its earnings results 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 net margin of 39.99% and a return on equity of 39.33%. The firm had revenue of $47.52 billion during the quarter, compared to analyst estimates of $44.55 billion. During the same quarter in the prior year, the business posted $5.16 EPS. The business's revenue was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, equities research analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Stockholders 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 dividend yield of 0.3%. Meta Platforms's dividend payout ratio is presently 7.60%.

Meta Platforms 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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