Goldstone Financial Group LLC lifted its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 17.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,599 shares of the social networking company's stock after purchasing an additional 391 shares during the period. Goldstone Financial Group LLC's holdings in Meta Platforms were worth $1,869,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Csenge Advisory Group lifted its holdings in Meta Platforms by 12.0% during the first quarter. Csenge Advisory Group now owns 9,539 shares of the social networking company's stock worth $5,498,000 after buying an additional 1,019 shares during the period. ARQ Wealth Advisors LLC lifted its holdings in Meta Platforms by 4.5% during the first quarter. ARQ Wealth Advisors LLC now owns 785 shares of the social networking company's stock worth $452,000 after buying an additional 34 shares during the period. JMG Financial Group Ltd. purchased a new stake in Meta Platforms during the first quarter worth $284,000. Infusive Asset Management Inc. lifted its holdings in Meta Platforms by 10.7% during the first quarter. Infusive Asset Management Inc. now owns 23,620 shares of the social networking company's stock worth $13,614,000 after buying an additional 2,285 shares during the period. Finally, Aspire Growth Partners LLC lifted its holdings in Meta Platforms by 7.3% during the first quarter. Aspire Growth Partners LLC now owns 662 shares of the social networking company's stock worth $395,000 after buying an additional 45 shares during the period. Hedge funds and other institutional investors own 79.91% of the company's stock.
Analyst Upgrades and Downgrades
META has been the subject of a number of analyst reports. Benchmark upped their target price on Meta Platforms from $800.00 to $890.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Citizens Jmp increased their price objective on Meta Platforms from $750.00 to $900.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. KeyCorp increased their price objective on Meta Platforms from $800.00 to $905.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Oppenheimer increased their price objective on Meta Platforms from $775.00 to $870.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Finally, HSBC upgraded Meta Platforms from a "hold" rating to a "buy" rating and increased their price objective for the company from $610.00 to $900.00 in a report on Thursday, July 31st. Three investment analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, Meta Platforms presently has a consensus rating of "Moderate Buy" and a consensus price target of $822.41.
Check Out Our Latest Stock Analysis on META
Meta Platforms Price Performance
NASDAQ META opened at $764.70 on Tuesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.97 and a quick ratio of 1.97. The stock's fifty day moving average price is $742.75 and its 200 day moving average price is $662.53. 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 $1.92 trillion, a price-to-earnings ratio of 27.69, a PEG ratio of 1.56 and a beta of 1.24.
Meta Platforms (NASDAQ:META - Get Free Report) last released its earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.75 by $1.39. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The firm had revenue of $47.52 billion for the quarter, compared to the consensus estimate of $44.55 billion. During the same period in the prior year, the firm earned $5.16 EPS. The firm's revenue was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, equities research analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.
Meta Platforms Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 22nd will be given a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, September 22nd. Meta Platforms's dividend payout ratio is presently 7.60%.
Insider Buying and Selling
In other Meta Platforms news, COO Javier Olivan sold 517 shares of the stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $755.65, for a total transaction of $390,671.05. Following the sale, the chief operating officer directly owned 11,577 shares of the company's stock, valued at approximately $8,748,160.05. This trade represents a 4.27% decrease in their position. The sale 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 stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $775.00, for a total value of $9,062,850.00. Following the sale, the chief technology officer directly owned 1,799 shares in the company, valued at $1,394,225. This represents a 86.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 259,674 shares of company stock valued at $197,549,274 over the last quarter. 13.61% of the stock is currently owned by company insiders.
Meta Platforms Company Profile
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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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