Greenwood Gearhart Inc. Purchases 1,136 Shares of Meta Platforms, Inc. $META

Key Points

• Greenwood Gearhart Inc. increased its holdings in Meta Platforms by 4.1%, acquiring an additional 1,136 shares during the second quarter, bringing its total to 28,819 shares valued at approximately $21.27 million.
• Insiders at Meta Platforms have recently sold a combined total of 213,665 shares worth over $164 million in the last 90 days, with COO Javier Olivan and insider Jennifer Newstead among those conducting significant sales.
• Meta Platforms has reported strong earnings with $7.14 earnings per share for the last quarter, surpassing analysts' estimates and demonstrating a 21.6% increase in revenue compared to the previous year.

Greenwood Gearhart Inc. grew its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 4.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 28,819 shares of the social networking company's stock after purchasing an additional 1,136 shares during the period. Meta Platforms makes up approximately 1.3% of Greenwood Gearhart Inc.'s holdings, making the stock its 27th largest position. Greenwood Gearhart Inc.'s holdings in Meta Platforms were worth $21,271,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Inlight Wealth Management LLC purchased a new position in shares of Meta Platforms during the first quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Meta Platforms during the first quarter valued at approximately $28,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Meta Platforms during the first quarter valued at approximately $33,000. Evergreen Private Wealth LLC lifted its holdings in shares of Meta Platforms by 237.5% during the second quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company's stock valued at $40,000 after purchasing an additional 38 shares during the last quarter. Finally, JCIC Asset Management Inc. lifted its holdings in shares of Meta Platforms by 102.6% during the first quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company's stock valued at $46,000 after purchasing an additional 40 shares during the last quarter. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Meta Platforms

In other news, COO Javier Olivan sold 517 shares of the business's stock in a transaction on Monday, October 13th. The shares were sold at an average price of $713.34, for a total transaction of $368,796.78. Following the completion of the sale, the chief operating officer owned 8,992 shares of the company's stock, valued at $6,414,353.28. The trade was a 5.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jennifer Newstead sold 519 shares of the business's stock in a transaction on Tuesday, October 14th. The shares were sold at an average price of $707.85, for a total transaction of $367,374.15. Following the sale, the insider directly owned 28,794 shares of the company's stock, valued at approximately $20,381,832.90. The trade was a 1.77% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 213,665 shares of company stock worth $164,568,109. Insiders own 13.61% of the company's stock.

Meta Platforms Price Performance

Shares of META opened at $716.91 on Monday. The firm has a market cap of $1.80 trillion, a PE ratio of 25.96, a P/E/G ratio of 1.50 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. The firm has a fifty day simple moving average of $746.75 and a two-hundred day simple moving average of $684.78. Meta Platforms, Inc. has a 1-year low of $479.80 and a 1-year high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share for the quarter, beating analysts' consensus estimates of $5.75 by $1.39. The business had revenue of $47.52 billion during the quarter, compared to analyst estimates of $44.55 billion. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The company's quarterly revenue was up 21.6% compared to the same quarter last year. During the same period in the previous year, the business earned $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. On average, equities analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Dividend Announcement

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

Analyst Ratings Changes

META has been the subject of a number of recent analyst reports. UBS Group boosted their price objective on shares of Meta Platforms from $897.00 to $900.00 and gave the stock a "buy" rating in a report on Thursday, October 9th. Canaccord Genuity Group boosted their price objective on shares of Meta Platforms from $825.00 to $850.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Needham & Company LLC upgraded shares of Meta Platforms from an "underperform" rating to a "hold" rating in a report on Thursday, July 3rd. Scotiabank boosted their price objective on shares of Meta Platforms from $675.00 to $685.00 and gave the stock a "sector perform" rating in a report on Thursday, July 31st. Finally, Barclays boosted their price objective on shares of Meta Platforms from $640.00 to $810.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, Meta Platforms presently has an average rating of "Moderate Buy" and an average price target of $830.68.

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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