Cornerstone Enterprises LLC raised its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 98.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,370 shares of the social networking company's stock after purchasing an additional 6,145 shares during the quarter. Meta Platforms comprises approximately 4.9% of Cornerstone Enterprises LLC's investment portfolio, making the stock its 8th biggest holding. Cornerstone Enterprises LLC's holdings in Meta Platforms were worth $9,130,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Inlight Wealth Management LLC acquired a new stake in shares of Meta Platforms in the first quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Meta Platforms in the first quarter valued at approximately $28,000. Evergreen Private Wealth LLC increased its stake in shares of Meta Platforms by 237.5% in the second quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company's stock valued at $40,000 after purchasing an additional 38 shares during the period. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Meta Platforms in the first quarter valued at approximately $33,000. Finally, Maseco LLP acquired a new stake in shares of Meta Platforms in the second quarter valued at approximately $54,000. Institutional investors and hedge funds own 79.91% of the company's stock.
Insider Activity
In related news, CEO Mark Zuckerberg sold 15,847 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $769.38, for a total value of $12,192,364.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Andrew Bosworth sold 11,694 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $775.00, for a total transaction of $9,062,850.00. Following the completion of the transaction, the chief technology officer directly owned 1,799 shares of the company's stock, valued at $1,394,225. This represents a 86.67% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 214,182 shares of company stock worth $164,933,323. Company insiders own 13.61% of the company's stock.
Meta Platforms Trading Up 0.7%
Shares of NASDAQ:META opened at $716.91 on Friday. The stock has a market capitalization of $1.80 trillion, a price-to-earnings ratio of 25.96, a PEG ratio of 1.49 and a beta of 1.20. 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 quick ratio of 1.97 and a current ratio of 1.97. The company has a 50 day moving average price of $746.75 and a 200 day moving average price of $683.03.
Meta Platforms (NASDAQ:META - Get Free Report) last issued its earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share for the quarter, topping analysts' consensus estimates of $5.75 by $1.39. The firm had revenue of $47.52 billion during the quarter, compared to analysts' expectations of $44.55 billion. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The firm's revenue for the quarter was up 21.6% compared to the same quarter last year. During the same period last year, the firm posted $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. On average, research analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.
Meta Platforms Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were paid a $0.525 dividend. The ex-dividend date of this dividend 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 currently 7.60%.
Wall Street Analyst Weigh In
Several equities research analysts have commented on META shares. KeyCorp raised their price target on shares of Meta Platforms from $800.00 to $905.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Raymond James Financial raised their price objective on shares of Meta Platforms from $750.00 to $900.00 and gave the company a "strong-buy" rating in a research note on Thursday, July 31st. Royal Bank Of Canada raised their price objective on shares of Meta Platforms from $740.00 to $840.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Scotiabank raised their price objective on shares of Meta Platforms from $675.00 to $685.00 and gave the company a "sector perform" rating in a research note on Thursday, July 31st. Finally, Cantor Fitzgerald reiterated an "overweight" rating and set a $920.00 price objective on shares of Meta Platforms in a research note on Thursday. Four equities research 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 stock. According to data from MarketBeat.com, Meta Platforms currently has a consensus rating of "Moderate Buy" and an average target price of $830.68.
Read Our Latest Analysis on Meta Platforms
Meta Platforms Company Profile
(
Free Report)
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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