Golden State Equity Partners Purchases 1,797 Shares of Meta Platforms, Inc. $META

Key Points

• Golden State Equity Partners increased its stake in Meta Platforms by 32.5% during Q2, now holding 7,323 shares valued at approximately $5.4 million.
• Insider sales included CEO Mark Zuckerberg selling 15,847 shares for nearly $12 million and insider Christopher K. Cox selling 60,000 shares valued at over $46 million.
• Meta reported a strong quarterly performance with $7.14 earnings per share, exceeding estimates and achieving a revenue of $47.52 billion.

Golden State Equity Partners raised its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 32.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 7,323 shares of the social networking company's stock after purchasing an additional 1,797 shares during the period. Meta Platforms accounts for approximately 1.0% of Golden State Equity Partners' portfolio, making the stock its 15th largest position. Golden State Equity Partners' holdings in Meta Platforms were worth $5,405,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Inlight Wealth Management LLC bought a new position in shares of Meta Platforms in the 1st quarter worth about $25,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in Meta Platforms during the first quarter worth approximately $28,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in Meta Platforms in the first quarter worth approximately $33,000. JCIC Asset Management Inc. increased 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 in the last quarter. Finally, Principia Wealth Advisory LLC lifted its stake in Meta Platforms by 53.6% in the first quarter. Principia Wealth Advisory LLC now owns 86 shares of the social networking company's stock valued at $50,000 after buying an additional 30 shares during the period. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Mark Zuckerberg sold 15,847 shares of the stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $753.43, for a total transaction of $11,939,605.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Christopher K. Cox sold 60,000 shares of the firm's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $775.95, for a total transaction of $46,557,000.00. Following the sale, the insider owned 237,205 shares of the company's stock, valued at $184,059,219.75. This trade represents a 20.19% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 230,336 shares of company stock worth $176,625,049 over the last 90 days. 13.61% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently commented on META. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $920.00 price objective on shares of Meta Platforms in a research report on Wednesday, September 17th. KeyCorp increased their target price on shares of Meta Platforms from $800.00 to $905.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. BMO Capital Markets raised their price target on shares of Meta Platforms from $610.00 to $710.00 and gave the stock a "market perform" rating in a report on Thursday, July 31st. Pivotal Research upped their price objective on shares of Meta Platforms from $830.00 to $930.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Finally, Oppenheimer increased their price objective on shares of Meta Platforms from $775.00 to $870.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Three analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $826.05.

Meta Platforms Trading Down 1.5%

NASDAQ:META opened at $748.91 on Friday. 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, Inc. has a one year low of $479.80 and a one year high of $796.25. The company has a market cap of $1.88 trillion, a PE ratio of 27.11, a PEG ratio of 1.59 and a beta of 1.24. The firm has a 50-day moving average of $750.95 and a 200-day moving average of $669.54.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share for the quarter, beating the consensus estimate of $5.75 by $1.39. The business had revenue of $47.52 billion for 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 quarter last year, the firm earned $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, equities research analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 22nd will be issued a dividend of $0.525 per share. The ex-dividend date is Monday, September 22nd. This represents a $2.10 annualized dividend and a yield of 0.3%. Meta Platforms's payout ratio is 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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