Maridea Wealth Management LLC Acquires 894 Shares of Meta Platforms, Inc. $META

Key Points

• Maridea Wealth Management LLC increased its holdings in Meta Platforms by 39.2%, acquiring 894 additional shares, bringing its total ownership to 3,176 shares valued at approximately $2.34 million.
• Institutional investors own 79.91% of Meta Platforms, with notable increases in stakes from firms like Kingstone Capital Partners, which raised its holding by a staggering 608,429.2% during the same quarter.
• Analysts have improved their forecasts for Meta Platforms, including Barclays raising its price target from $640 to $810, with a consensus price target set at $826.05.

Maridea Wealth Management LLC raised its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 39.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,176 shares of the social networking company's stock after acquiring an additional 894 shares during the quarter. Maridea Wealth Management LLC's holdings in Meta Platforms were worth $2,344,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Kingstone Capital Partners Texas LLC lifted its stake in Meta Platforms by 608,429.2% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 59,775,823 shares of the social networking company's stock worth $44,119,937,000 after purchasing an additional 59,766,000 shares in the last quarter. Invesco Ltd. lifted its stake in Meta Platforms by 2.3% in the 1st quarter. Invesco Ltd. now owns 17,669,795 shares of the social networking company's stock worth $10,184,163,000 after purchasing an additional 400,927 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Meta Platforms by 8.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 15,575,962 shares of the social networking company's stock worth $8,977,361,000 after purchasing an additional 1,255,546 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Meta Platforms by 4.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 12,543,468 shares of the social networking company's stock worth $7,229,553,000 after purchasing an additional 536,160 shares in the last quarter. Finally, Wellington Management Group LLP lifted its stake in Meta Platforms by 2.5% in the 1st quarter. Wellington Management Group LLP now owns 10,041,171 shares of the social networking company's stock worth $5,787,329,000 after purchasing an additional 247,850 shares in the last quarter. 79.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Barclays boosted their price target on shares of Meta Platforms from $640.00 to $810.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Citigroup reissued an "outperform" rating on shares of Meta Platforms in a research note on Thursday, July 31st. Morgan Stanley lifted their price objective on shares of Meta Platforms from $750.00 to $850.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Royal Bank Of Canada lifted their price objective on shares of Meta Platforms from $740.00 to $840.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Finally, Zacks Research cut shares of Meta Platforms from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Three research analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $826.05.

Meta Platforms Price Performance

Shares of META stock opened at $743.40 on Tuesday. The company has a market capitalization of $1.87 trillion, a P/E ratio of 26.92, a P/E/G ratio of 1.55 and a beta of 1.24. The company's 50-day simple moving average is $752.34 and its two-hundred day simple moving average is $672.35. Meta Platforms, Inc. has a one year low of $479.80 and a one year high of $796.25. 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 posted its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share for the quarter, beating the consensus estimate of $5.75 by $1.39. The firm had revenue of $47.52 billion during 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 company's revenue was up 21.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.16 earnings per share. 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 company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Monday, September 22nd. Meta Platforms's dividend payout ratio is currently 7.60%.

Insider Transactions at Meta Platforms

In other news, insider Christopher K. Cox sold 60,000 shares of the firm's stock in a transaction 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 transaction, the insider owned 237,205 shares in the company, valued at approximately $184,059,219.75. This trade represents a 20.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CTO Andrew Bosworth sold 11,694 shares of the company's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $775.00, for a total transaction of $9,062,850.00. Following the completion of the sale, the chief technology officer directly owned 1,799 shares of the company's stock, valued at approximately $1,394,225. This trade represents a 86.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 215,507 shares of company stock worth $165,874,850 over the last quarter. 13.61% of the stock is owned by corporate insiders.

About Meta Platforms

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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