GW Henssler & Associates Ltd. raised its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 2.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,442 shares of the social networking company's stock after purchasing an additional 1,902 shares during the period. Meta Platforms accounts for about 2.8% of GW Henssler & Associates Ltd.'s portfolio, making the stock its 5th biggest position. GW Henssler & Associates Ltd.'s holdings in Meta Platforms were worth $51,992,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also modified their holdings of the company. Pachira Investments Inc. increased its holdings in shares of Meta Platforms by 3.0% in the 2nd quarter. Pachira Investments Inc. now owns 488 shares of the social networking company's stock valued at $360,000 after acquiring an additional 14 shares during the period. Hemington Wealth Management lifted its position in Meta Platforms by 0.6% during the 2nd quarter. Hemington Wealth Management now owns 2,223 shares of the social networking company's stock worth $1,641,000 after acquiring an additional 14 shares during the period. Shelton Wealth Management LLC lifted its position in Meta Platforms by 0.9% during the 2nd quarter. Shelton Wealth Management LLC now owns 1,764 shares of the social networking company's stock worth $1,302,000 after acquiring an additional 15 shares during the period. Myecfo LLC lifted its holdings in shares of Meta Platforms by 2.0% in the 2nd quarter. Myecfo LLC now owns 776 shares of the social networking company's stock valued at $573,000 after buying an additional 15 shares during the period. Finally, Kooman & Associates lifted its holdings in shares of Meta Platforms by 2.8% in the 2nd quarter. Kooman & Associates now owns 544 shares of the social networking company's stock valued at $402,000 after buying an additional 15 shares during the period. 79.91% of the stock is owned by institutional investors.
Insider Activity
In other news, insider Jennifer Newstead sold 519 shares of the company's stock in a transaction that occurred on Tuesday, October 14th. The stock was sold at an average price of $707.85, for a total value of $367,374.15. Following the completion of the sale, the insider directly owned 28,794 shares in the company, valued at $20,381,832.90. This represents a 1.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert M. Kimmitt sold 465 shares of the company's stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $716.97, for a total value of $333,391.05. Following the completion of the sale, the director owned 7,947 shares of the company's stock, valued at $5,697,760.59. This trade represents a 5.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 213,663 shares of company stock worth $164,569,365 over the last ninety days. Corporate insiders own 13.61% of the company's stock.
Analyst Ratings Changes
Several brokerages have recently issued reports on META. Hsbc Global Res raised Meta Platforms from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 31st. Truist Financial set a $880.00 price objective on Meta Platforms in a report on Thursday, September 18th. Citigroup reissued an "outperform" rating on shares of Meta Platforms in a report on Thursday, July 31st. Oppenheimer decreased their price objective on Meta Platforms from $870.00 to $825.00 and set an "outperform" rating for the company in a report on Monday. Finally, Wells Fargo & Company lifted their price target on Meta Platforms from $811.00 to $837.00 and gave the company an "overweight" rating in a research note on Tuesday, October 7th. Five research analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Meta Platforms presently has an average rating of "Buy" and an average target price of $829.66.
View Our Latest Analysis on Meta Platforms
Meta Platforms Price Performance
NASDAQ:META opened at $733.41 on Thursday. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25. The stock has a 50 day moving average of $744.01 and a two-hundred day moving average of $687.02. 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 market cap of $1.84 trillion, a P/E ratio of 26.55, a price-to-earnings-growth ratio of 1.53 and a beta of 1.20.
Meta Platforms (NASDAQ:META - Get Free Report) last posted 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 return on equity of 39.33% and a net margin of 39.99%.The company had revenue of $47.52 billion during the quarter, compared to analyst estimates of $44.55 billion. During the same period in the previous year, the business earned $5.16 EPS. Meta Platforms's quarterly revenue was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. On average, analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.
Meta Platforms Dividend Announcement
The company also recently disclosed 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. This represents a $2.10 annualized dividend and a yield of 0.3%. The ex-dividend date was Monday, September 22nd. Meta Platforms's payout ratio is 7.60%.
About Meta Platforms
(
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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