Heritage Wealth Partners LLC purchased a new position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,310 shares of the social networking company's stock, valued at approximately $1,331,000. Meta Platforms makes up about 2.0% of Heritage Wealth Partners LLC's investment portfolio, making the stock its 13th largest position.
A number of other large investors have also made changes to their positions in META. Brighton Jones LLC grew its holdings in shares of Meta Platforms by 1.7% during the fourth quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock valued at $20,230,000 after buying an additional 570 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of Meta Platforms by 10.2% during the fourth quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company's stock valued at $5,537,000 after buying an additional 875 shares during the last quarter. Bank Pictet & Cie Europe AG grew its holdings in shares of Meta Platforms by 3.5% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 221,459 shares of the social networking company's stock valued at $129,666,000 after buying an additional 7,587 shares during the last quarter. Highview Capital Management LLC DE grew its holdings in shares of Meta Platforms by 3.7% during the fourth quarter. Highview Capital Management LLC DE now owns 6,189 shares of the social networking company's stock valued at $3,624,000 after buying an additional 218 shares during the last quarter. Finally, Benchstone Capital Management LP purchased a new stake in shares of Meta Platforms during the fourth quarter valued at $23,749,000. 79.91% of the stock is owned by institutional investors and hedge funds.
Meta Platforms Price Performance
Meta Platforms stock traded up $15.69 during midday trading on Friday, reaching $754.79. The company had a trading volume of 10,590,214 shares, compared to its average volume of 13,655,942. The company has a market capitalization of $1.90 trillion, a P/E ratio of 27.33, a P/E/G ratio of 1.56 and a beta of 1.27. Meta Platforms, Inc. has a 12-month low of $479.80 and a 12-month high of $796.25. The firm's fifty day simple moving average is $730.31 and its 200-day simple moving average is $656.98. 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 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 firm had revenue of $47.52 billion for 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%. Meta Platforms's quarterly revenue was up 21.6% compared to the same quarter last year. During the same period last year, the company posted $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, equities analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current year.
Meta Platforms Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Monday, June 16th were paid a $0.525 dividend. The ex-dividend date of this dividend was Monday, June 16th. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. Meta Platforms's dividend payout ratio (DPR) is currently 7.60%.
Insider Activity at Meta Platforms
In other Meta Platforms news, CEO Mark Zuckerberg sold 15,847 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $753.43, for a total value of $11,939,605.21. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Christopher K. Cox sold 60,000 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, the insider directly owned 237,205 shares in the company, valued at $184,059,219.75. This trade represents a 20.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 313,803 shares of company stock valued at $235,276,424. 13.61% of the stock is owned by corporate insiders.
Analyst Ratings Changes
META has been the topic of several recent research reports. JMP Securities upped their price target on shares of Meta Platforms from $750.00 to $900.00 and gave the company a "market outperform" rating in a report on Thursday, July 31st. Citigroup reaffirmed an "outperform" rating on shares of Meta Platforms in a report on Thursday, July 31st. UBS Group upped their price target on shares of Meta Platforms from $812.00 to $897.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Morgan Stanley upped their price target on shares of Meta Platforms from $750.00 to $850.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Finally, BMO Capital Markets upped their price target on shares of Meta Platforms from $610.00 to $710.00 and gave the company a "market perform" rating in a report on Thursday, July 31st. Three analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $822.41.
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About Meta Platforms
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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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