LeConte Wealth Management LLC Acquires 599 Shares of Meta Platforms, Inc. $META

Key Points

• LeConte Wealth Management LLC increased its stake in Meta Platforms, Inc. by 48.9% during the 2nd quarter, acquiring an additional 599 shares, bringing its total holdings to 1,824 shares worth approximately $1.35 million.
• CEO Mark Zuckerberg and CFO Susan J. Li both sold significant shares of Meta in August, totaling over $25 million combined, which contributed to insiders selling 215,507 shares valued at nearly $166 million in the last 90 days.
• Meta's latest earnings report showed an EPS of $7.14 for the quarter, exceeding estimates and reflecting a 21.6% revenue increase year-over-year, while analysts have set an average price target of $826.05 for the stock.

LeConte Wealth Management LLC boosted its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 48.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,824 shares of the social networking company's stock after purchasing an additional 599 shares during the quarter. Meta Platforms comprises approximately 0.9% of LeConte Wealth Management LLC's holdings, making the stock its 21st largest position. LeConte Wealth Management LLC's holdings in Meta Platforms were worth $1,346,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. First City Capital Management Inc. boosted its stake in Meta Platforms by 1.5% during the 2nd quarter. First City Capital Management Inc. now owns 1,586 shares of the social networking company's stock valued at $1,171,000 after purchasing an additional 23 shares during the period. BigSur Wealth Management LLC raised its holdings in Meta Platforms by 170.8% in the 2nd quarter. BigSur Wealth Management LLC now owns 6,500 shares of the social networking company's stock valued at $4,798,000 after acquiring an additional 4,100 shares in the last quarter. Herbst Group LLC raised its holdings in Meta Platforms by 5.1% in the 2nd quarter. Herbst Group LLC now owns 8,381 shares of the social networking company's stock valued at $6,186,000 after acquiring an additional 407 shares in the last quarter. Oxinas Partners Wealth Management LLC raised its holdings in Meta Platforms by 78.3% in the 2nd quarter. Oxinas Partners Wealth Management LLC now owns 3,517 shares of the social networking company's stock valued at $2,596,000 after acquiring an additional 1,545 shares in the last quarter. Finally, Avaii Wealth Management LLC raised its holdings in Meta Platforms by 2.4% in the 2nd quarter. Avaii Wealth Management LLC now owns 10,873 shares of the social networking company's stock valued at $8,025,000 after acquiring an additional 256 shares in the last quarter. Institutional investors own 79.91% of the company's stock.

Insider Transactions at Meta Platforms

In other Meta Platforms news, CEO Mark Zuckerberg sold 15,847 shares of the stock in a transaction on Friday, August 1st. The stock was sold at an average price of $753.43, for a total value of $11,939,605.21. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Susan J. Li sold 18,332 shares of the firm's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $764.71, for a total value of $14,018,663.72. Following the completion of the transaction, the chief financial officer owned 84,141 shares in the company, valued at $64,343,464.11. This represents a 17.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 215,507 shares of company stock valued at $165,874,850 over the last 90 days. 13.61% of the stock is currently owned by corporate insiders.

Meta Platforms Stock Down 0.0%

Shares of META opened at $743.40 on Tuesday. The firm has a market capitalization of $1.87 trillion, a price-to-earnings ratio of 26.92, a PEG ratio of 1.55 and a beta of 1.24. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.97. The business's fifty day moving average price is $752.34 and its two-hundred day moving average price is $672.35. Meta Platforms, Inc. has a 52 week low of $479.80 and a 52 week high of $796.25.

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

Meta Platforms Announces Dividend

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

Analysts Set New Price Targets

Several research firms have commented on META. Benchmark upped their price target on Meta Platforms from $800.00 to $890.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Wells Fargo & Company upped their price target on Meta Platforms from $783.00 to $811.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Bank of America upped their price target on Meta Platforms from $775.00 to $900.00 and gave the company a "buy" rating in a report on Thursday, July 31st. DA Davidson upped their price target on Meta Platforms from $650.00 to $825.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Finally, Royal Bank Of Canada upped their price target on Meta Platforms from $740.00 to $840.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Three research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $826.05.

Meta Platforms 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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