Kingswood Wealth Advisors LLC Has $13.84 Million Position in Meta Platforms, Inc. $META

Key Points

• Kingswood Wealth Advisors LLC reduced its holdings in Meta Platforms by 82.7% in the second quarter, now owning 18,750 shares worth approximately $13.84 million.
• Meta Platforms reported earnings of $7.14 EPS for the last quarter, exceeding the consensus estimate by $1.39, with revenue up by 21.6% year-over-year.
• Recently, multiple analyst firms raised their price targets for Meta Platforms, with some predicting values as high as $930.00, indicating strong investor sentiment towards the company's potential growth.

Kingswood Wealth Advisors LLC reduced its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 82.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,750 shares of the social networking company's stock after selling 89,682 shares during the period. Meta Platforms accounts for approximately 1.1% of Kingswood Wealth Advisors LLC's investment portfolio, making the stock its 15th biggest holding. Kingswood Wealth Advisors LLC's holdings in Meta Platforms were worth $13,839,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Pachira Investments Inc. lifted its stake in Meta Platforms by 3.0% in the second quarter. Pachira Investments Inc. now owns 488 shares of the social networking company's stock worth $360,000 after purchasing an additional 14 shares during the last quarter. Shelton Wealth Management LLC increased its position in shares of Meta Platforms by 0.9% during the second quarter. Shelton Wealth Management LLC now owns 1,764 shares of the social networking company's stock valued at $1,302,000 after buying an additional 15 shares during the period. Myecfo LLC increased its position in shares of Meta Platforms by 2.0% during the second 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. Kooman & Associates increased its stake in shares of Meta Platforms by 2.8% during the second quarter. Kooman & Associates now owns 544 shares of the social networking company's stock valued at $402,000 after purchasing an additional 15 shares in the last quarter. Finally, Nabity Jensen Investment Management Inc increased its stake in shares of Meta Platforms by 1.1% during the second quarter. Nabity Jensen Investment Management Inc now owns 1,378 shares of the social networking company's stock valued at $1,017,000 after purchasing an additional 15 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Meta Platforms Trading Up 1.3%

Shares of Meta Platforms stock opened at $717.55 on Thursday. The firm's 50 day simple moving average is $748.80 and its two-hundred day simple moving average is $681.19. The firm has a market capitalization of $1.80 trillion, a price-to-earnings ratio of 25.98, a PEG ratio of 1.48 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. Meta Platforms, Inc. has a 12-month low of $479.80 and a 12-month high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, beating the consensus estimate of $5.75 by $1.39. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The business 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 business's revenue for the quarter was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. Analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts have recently commented on META shares. Oppenheimer increased their price target on shares of Meta Platforms from $775.00 to $870.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Weiss Ratings reiterated a "buy (b)" rating on shares of Meta Platforms in a research report on Wednesday, October 8th. Citizens Jmp raised their price objective on shares of Meta Platforms from $750.00 to $900.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. DA Davidson raised their price objective on shares of Meta Platforms from $650.00 to $825.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Finally, Pivotal Research boosted their target price on shares of Meta Platforms from $830.00 to $930.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. 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. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $830.68.

Insider Activity

In other Meta Platforms news, insider Jennifer Newstead sold 519 shares of Meta Platforms stock in a transaction dated Tuesday, October 7th. The shares were sold at an average price of $716.98, for a total transaction of $372,112.62. Following the transaction, the insider directly owned 29,313 shares of the company's stock, valued at $21,016,834.74. The trade was a 1.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert M. Kimmitt sold 465 shares of Meta Platforms stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $757.47, for a total transaction of $352,223.55. Following the transaction, the director directly owned 8,412 shares in the company, valued at $6,371,837.64. This trade represents a 5.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 213,198 shares of company stock worth $164,232,558 over the last three months. Insiders own 13.61% of the company's stock.

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.

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