Meta Platforms, Inc. $META Shares Acquired by Kingstone Capital Partners Texas LLC

Key Points

• Kingstone Capital Partners Texas LLC has significantly increased its holdings in Meta Platforms, acquiring over 59 million shares during the second quarter, making it the firm's third largest investment.
• Insider transactions have been notable, with CEO Christopher K. Cox and CFO Susan J. Li both selling a combined total of over $60 million of Meta stock recently.
• Meta Platforms reported strong earnings for the last quarter, with an EPS of $7.14, exceeding estimates and showcasing a 21.6% year-over-year revenue growth.

Kingstone Capital Partners Texas LLC raised its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 608,429.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 59,775,823 shares of the social networking company's stock after buying an additional 59,766,000 shares during the period. Meta Platforms makes up about 6.0% of Kingstone Capital Partners Texas LLC's holdings, making the stock its 3rd biggest holding. Kingstone Capital Partners Texas LLC owned approximately 2.38% of Meta Platforms worth $44,119,937,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Inlight Wealth Management LLC bought a new stake 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 valued at approximately $28,000. MJT & Associates Financial Advisory Group Inc. bought a new position in Meta Platforms during the 1st quarter worth approximately $33,000. JCIC Asset Management Inc. grew its position in shares of Meta Platforms by 102.6% in the 1st quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company's stock worth $46,000 after acquiring an additional 40 shares in the last quarter. Finally, Principia Wealth Advisory LLC increased its holdings in shares of Meta Platforms by 53.6% in the 1st quarter. Principia Wealth Advisory LLC now owns 86 shares of the social networking company's stock valued at $50,000 after acquiring an additional 30 shares during the last quarter. Institutional investors and hedge funds own 79.91% of the company's stock.

Insider Activity

In related news, Director Robert M. Kimmitt sold 465 shares of the stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $757.47, for a total transaction of $352,223.55. Following the completion of the sale, the director owned 8,412 shares in the company, valued at $6,371,837.64. This represents a 5.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jennifer Newstead sold 519 shares of the firm's stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $767.16, for a total transaction of $398,156.04. Following the completion of the sale, the insider owned 30,870 shares in the company, valued at approximately $23,682,229.20. The trade was a 1.65% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 257,405 shares of company stock valued at $196,059,438. 13.61% of the stock is owned by insiders.

Meta Platforms Stock Down 1.7%

NASDAQ META traded down $13.22 during trading on Monday, reaching $765.16. The company's stock had a trading volume of 11,659,363 shares, compared to its average volume of 9,828,774. 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 stock has a market capitalization of $1.92 trillion, a PE ratio of 27.70, a PEG ratio of 1.62 and a beta of 1.24. Meta Platforms, Inc. has a 1-year low of $479.80 and a 1-year high of $796.25. The business has a 50-day moving average price of $747.94 and a 200-day moving average price of $667.24.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its earnings results 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. The firm had revenue of $47.52 billion for the quarter, compared to the consensus estimate of $44.55 billion. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The business's quarterly revenue was up 21.6% on a year-over-year basis. During the same period in the prior year, the business posted $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. On average, research analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share 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. Shareholders of record on Monday, September 22nd will be issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Monday, September 22nd. Meta Platforms's dividend payout ratio is 7.60%.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of Meta Platforms from $795.00 to $875.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Benchmark increased their price objective on shares of Meta Platforms from $800.00 to $890.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Citizens Jmp lifted their target price on Meta Platforms from $750.00 to $900.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Zacks Research downgraded Meta Platforms from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. Finally, Needham & Company LLC raised Meta Platforms from an "underperform" rating to a "hold" rating in a research report on Thursday, July 3rd. Three analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $826.05.

Meta Platforms Company Profile

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.