Meta Platforms, Inc. $META is World Equity Group Inc.'s 5th Largest Position

Key Points

• World Equity Group Inc. has increased its holdings in Meta Platforms by 123.2%, making it the 5th largest position in their portfolio, valued at approximately $11.8 million.
• Meta recently reported quarterly earnings of $7.14 per share, exceeding analysts' expectations of $5.75, with revenue of $47.52 billion, marking a 21.6% increase year-over-year.
• The company announced a quarterly dividend of $0.525 per share, with a 0.3% yield, set to be paid on September 29th to shareholders on record as of September 22nd.

World Equity Group Inc. increased its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 123.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,994 shares of the social networking company's stock after purchasing an additional 8,828 shares during the quarter. Meta Platforms makes up approximately 3.2% of World Equity Group Inc.'s portfolio, making the stock its 5th biggest position. World Equity Group Inc.'s holdings in Meta Platforms were worth $11,804,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in META. Kingstone Capital Partners Texas LLC lifted its stake in Meta Platforms by 608,429.2% during the second 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 during the last quarter. Nuveen LLC purchased a new stake in Meta Platforms in the first quarter valued at approximately $2,990,544,000. Assenagon Asset Management S.A. lifted its stake in Meta Platforms by 712.2% in the first quarter. Assenagon Asset Management S.A. now owns 2,537,631 shares of the social networking company's stock valued at $1,462,589,000 after buying an additional 2,225,186 shares during the last quarter. Amundi lifted its stake in Meta Platforms by 23.5% in the first quarter. Amundi now owns 7,733,061 shares of the social networking company's stock valued at $4,111,050,000 after buying an additional 1,470,070 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in Meta Platforms by 8.8% in the first quarter. Goldman Sachs Group Inc. now owns 15,575,962 shares of the social networking company's stock valued at $8,977,361,000 after buying an additional 1,255,546 shares during the last quarter. Hedge funds and other institutional investors own 79.91% of the company's stock.

Meta Platforms Trading Down 0.7%

Shares of META stock opened at $743.75 on Friday. The business's fifty day moving average price is $751.74 and its 200 day moving average price is $670.84. Meta Platforms, Inc. has a 1-year low of $479.80 and a 1-year high of $796.25. The firm has a market capitalization of $1.87 trillion, a PE ratio of 26.93, a P/E/G ratio of 1.55 and a beta of 1.24. 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 announced its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 earnings per share for the quarter, topping analysts' consensus estimates of $5.75 by $1.39. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The firm had revenue of $47.52 billion for the quarter, compared to analyst estimates of $44.55 billion. During the same quarter in the prior year, the company posted $5.16 earnings per share. Meta Platforms's quarterly revenue was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, sell-side analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 22nd will be issued a $0.525 dividend. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.10 annualized dividend and a yield of 0.3%. Meta Platforms's dividend payout ratio is 7.60%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on META. BMO Capital Markets boosted their price objective on Meta Platforms from $610.00 to $710.00 and gave the company a "market perform" rating in a research note on Thursday, July 31st. DA Davidson boosted their price objective on Meta Platforms from $650.00 to $825.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Oppenheimer boosted their price objective on Meta Platforms from $775.00 to $870.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Robert W. Baird boosted their price objective on Meta Platforms from $635.00 to $740.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Finally, Truist Financial set a $880.00 price objective on Meta Platforms in a research note on Thursday, September 18th. Three investment 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's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $826.05.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, COO Javier Olivan sold 517 shares of the company's stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $781.33, for a total value of $403,947.61. Following the sale, the chief operating officer owned 10,543 shares of the company's stock, valued at approximately $8,237,562.19. This represents a 4.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jennifer Newstead sold 519 shares of the company's stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $769.20, for a total value of $399,214.80. Following the completion of the sale, the insider directly owned 30,351 shares in the company, valued at $23,345,989.20. This trade represents a 1.68% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 230,336 shares of company stock valued at $176,625,049. Insiders own 13.61% of the company's stock.

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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