Duncker Streett & Co. Inc. Grows Holdings in Meta Platforms, Inc. $META

Key Points

• Duncker Streett & Co. Inc. significantly increased its holdings in Meta Platforms, Inc. by 807.4% during the 2nd quarter, now owning 8,675 shares worth approximately $6.4 million.
• Several large investors, including Evergreen Private Wealth LLC and MJT & Associates, have also recently increased their stakes in Meta Platforms, indicating strong institutional interest with hedge funds and institutional investors owning 79.91% of the stock.
• Analysts have raised their price targets for Meta, with Bank of America and UBS Group both setting new targets at $900, contributing to an overall positive outlook on the stock with a majority rating of "Buy."

Duncker Streett & Co. Inc. increased its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 807.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,675 shares of the social networking company's stock after buying an additional 7,719 shares during the period. Meta Platforms comprises 1.2% of Duncker Streett & Co. Inc.'s investment portfolio, making the stock its 22nd largest holding. Duncker Streett & Co. Inc.'s holdings in Meta Platforms were worth $6,403,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Meta Platforms in the 1st quarter valued at approximately $28,000. Evergreen Private Wealth LLC boosted its stake in Meta Platforms by 237.5% during the 2nd 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. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Meta Platforms during the 1st quarter worth $33,000. Maseco LLP purchased a new position in Meta Platforms during the 2nd quarter worth $54,000. Finally, JCIC Asset Management Inc. raised its position in Meta Platforms by 102.6% during the 1st quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company's stock worth $46,000 after buying an additional 40 shares during the last quarter. 79.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on META shares. UBS Group increased their price target on shares of Meta Platforms from $897.00 to $900.00 and gave the company a "buy" rating in a report on Thursday, October 9th. Bank of America raised their target price on shares of 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 reiterated a "buy" rating and set a $980.00 price objective (up from $888.00) on shares of Meta Platforms in a research note on Tuesday, August 5th. BMO Capital Markets raised their target price on shares of Meta Platforms from $610.00 to $710.00 and gave the company a "market perform" rating in a research note on Thursday, July 31st. Finally, Stifel Nicolaus boosted their target price on shares of Meta Platforms from $845.00 to $900.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Five research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $829.66.

Insiders Place Their Bets

In other Meta Platforms news, Director Robert M. Kimmitt sold 465 shares of the business's 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 sale, the director owned 7,947 shares in the company, valued at approximately $5,697,760.59. The trade was a 5.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Javier Olivan sold 517 shares of the business's stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $721.30, for a total value of $372,912.10. Following the sale, the chief operating officer owned 8,475 shares in the company, valued at approximately $6,113,017.50. The trade was a 5.75% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 214,182 shares of company stock worth $164,951,541. Company insiders own 13.61% of the company's stock.

Meta Platforms Stock Performance

META stock opened at $738.36 on Friday. The company has a market capitalization of $1.85 trillion, a P/E ratio of 26.73, a PEG ratio of 1.57 and a beta of 1.20. The company has a 50-day simple moving average of $742.11 and a 200 day simple moving average of $691.34. 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 quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.15.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 earnings per share 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 business had revenue of $47.52 billion during the quarter, compared to the consensus estimate of $44.55 billion. During the same quarter in the prior year, the company posted $5.16 earnings per share. The company's quarterly revenue was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. Sell-side analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Monday, September 22nd. Meta Platforms's dividend payout ratio is presently 7.60%.

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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