Cornerstone Wealth Group LLC Has $14.02 Million Position in Meta Platforms, Inc. $META

Key Points

• Cornerstone Wealth Group LLC increased its position in Meta Platforms by 4.9%, now holding shares worth $14.02 million, making it the firm's 18th largest investment.
• Meta Platforms' insiders sold over 214,182 shares worth approximately $165 million in the last 90 days, indicating significant trading activity among company executives.
• Meta has announced a quarterly dividend of $0.525 per share, reflecting a dividend yield of 0.3%, with a low payout ratio of 7.60%.

Cornerstone Wealth Group LLC boosted its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 4.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,995 shares of the social networking company's stock after buying an additional 882 shares during the period. Meta Platforms makes up about 1.1% of Cornerstone Wealth Group LLC's investment portfolio, making the stock its 18th biggest position. Cornerstone Wealth Group LLC's holdings in Meta Platforms were worth $14,020,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of META. Barnes Dennig Private Wealth Management LLC acquired a new stake in Meta Platforms in the first quarter worth $28,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Meta Platforms in the first quarter worth $33,000. Evergreen Private Wealth LLC raised its holdings in Meta Platforms by 237.5% in the second quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company's stock worth $40,000 after purchasing an additional 38 shares during the period. JCIC Asset Management Inc. raised its holdings in Meta Platforms by 102.6% in the first quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company's stock worth $46,000 after purchasing an additional 40 shares during the period. Finally, Maseco LLP acquired a new stake in Meta Platforms in the second quarter worth $54,000. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Meta Platforms

In other Meta Platforms news, COO Javier Olivan sold 517 shares of Meta Platforms stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $721.30, for a total value of $372,912.10. Following the completion of the sale, the chief operating officer owned 8,475 shares in the company, valued at $6,113,017.50. The trade was a 5.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert M. Kimmitt sold 465 shares of Meta Platforms stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $716.97, for a total transaction of $333,391.05. Following the completion of the sale, the director owned 7,947 shares of the company's stock, valued at $5,697,760.59. This trade represents a 5.53% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 214,182 shares of company stock worth $164,951,541. 13.61% of the stock is owned by insiders.

Meta Platforms Stock Up 0.1%

Meta Platforms stock opened at $734.00 on Friday. The company has a fifty day simple moving average of $743.05 and a 200 day simple moving average of $688.52. Meta Platforms, Inc. has a 1-year low of $479.80 and a 1-year high of $796.25. The company has a market cap of $1.84 trillion, a P/E ratio of 26.57, a price-to-earnings-growth ratio of 1.53 and a beta of 1.20. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15.

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 analysts' consensus estimates of $5.75 by $1.39. The company 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%. Meta Platforms's quarterly revenue was up 21.6% compared to the same quarter last year. During the same quarter last year, the company posted $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. Research analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Monday, September 22nd. Meta Platforms's dividend payout ratio (DPR) is currently 7.60%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on META shares. Piper Sandler increased their target price on shares of Meta Platforms from $808.00 to $880.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. JMP Securities raised their price objective on shares of Meta Platforms from $750.00 to $900.00 and gave the stock a "market outperform" rating in a report on Thursday, July 31st. Mizuho set a $925.00 price objective on shares of Meta Platforms and gave the stock an "outperform" rating in a report on Monday, September 29th. Roth Capital raised their price objective on shares of Meta Platforms from $620.00 to $740.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Finally, Robert W. Baird raised their target price on shares of Meta Platforms from $635.00 to $740.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. Five investment analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $829.66.

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.

Want to see what other hedge funds are holding META? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Meta Platforms, Inc. (NASDAQ:META - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.