Founders Grove Wealth Partners LLC Invests $373,000 in Meta Platforms, Inc. $META

Key Points

• Founders Grove Wealth Partners LLC made a new investment of $373,000 in Meta Platforms, acquiring 506 shares during the second quarter.
• Several large investors, including Kingstone Capital Partners, significantly increased their stakes in Meta, illustrating strong institutional interest with hedge funds owning 79.91% of the stock.
• Meta Platforms reported strong quarterly earnings, with an EPS of $7.14, surpassing estimates by $1.39, and noted a quarterly revenue increase of 21.6% year-over-year.

Founders Grove Wealth Partners LLC bought a new stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 506 shares of the social networking company's stock, valued at approximately $373,000.

A number of other large investors have also added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC increased its position in shares of 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 valued at $44,119,937,000 after purchasing an additional 59,766,000 shares during the last quarter. Invesco Ltd. boosted its stake in Meta Platforms by 2.3% in the first quarter. Invesco Ltd. now owns 17,669,795 shares of the social networking company's stock worth $10,184,163,000 after buying an additional 400,927 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Meta Platforms by 8.8% during the first quarter. Goldman Sachs Group Inc. now owns 15,575,962 shares of the social networking company's stock valued at $8,977,361,000 after acquiring an additional 1,255,546 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Meta Platforms by 4.5% during the first 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 acquiring an additional 536,160 shares in the last quarter. Finally, Wellington Management Group LLP lifted its holdings in shares of Meta Platforms by 2.5% in 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 acquiring an additional 247,850 shares during the last quarter. Hedge funds and other institutional investors own 79.91% of the company's stock.

Insider Transactions at Meta Platforms

In other Meta Platforms news, CTO Andrew Bosworth sold 11,694 shares of the firm's stock in a transaction 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 owned 1,799 shares of the company's stock, valued at approximately $1,394,225. This trade represents a 86.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Mark Zuckerberg sold 15,847 shares of the company's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $769.38, for a total transaction of $12,192,364.86. The disclosure for this sale can be found here. Insiders have sold a total of 214,182 shares of company stock worth $164,951,541 in the last ninety days. 13.61% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on META. HSBC raised shares of Meta Platforms from a "hold" rating to a "buy" rating and boosted their price target for the stock from $610.00 to $900.00 in a research note on Thursday, July 31st. Morgan Stanley boosted their target price on Meta Platforms from $750.00 to $850.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. UBS Group raised their price target on Meta Platforms from $897.00 to $900.00 and gave the stock a "buy" rating in a research report on Thursday, October 9th. Hsbc Global Res raised Meta Platforms from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 31st. Finally, Piper Sandler increased their price objective on Meta Platforms from $808.00 to $880.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Five investment 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 MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $829.66.

Meta Platforms Price Performance

Shares of NASDAQ META opened at $738.36 on Friday. Meta Platforms, Inc. has a 1 year low of $479.80 and a 1 year high of $796.25. The stock has a market capitalization of $1.85 trillion, a P/E ratio of 26.73, a P/E/G ratio of 1.56 and a beta of 1.20. The company's 50-day moving average is $742.11 and its 200 day moving average is $690.10. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.97 and a quick ratio of 1.97.

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

Meta Platforms Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were paid a $0.525 dividend. This represents a $2.10 annualized dividend 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%.

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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