Meta Platforms, Inc. $META Shares Acquired by Dock Street Asset Management Inc.

Key Points

• Dock Street Asset Management Inc. has increased its stake in Meta Platforms by 1.9%, now owning approximately 56,894 shares valued at nearly $42 million.
• Several institutional investors have significantly boosted their holdings in Meta, with Kingstone Capital Partners increasing its stake by an astounding 608,429.2%, bringing their total shares to nearly 59.8 million valued at around $44.1 billion.
• Meta Platforms recently paid a quarterly dividend of $0.525 per share, equating to an annual yield of 0.3%, while their latest earnings report showcased a net margin of 39.99% and a 21.6% increase in revenue year-over-year.

Dock Street Asset Management Inc. increased its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 1.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 56,894 shares of the social networking company's stock after purchasing an additional 1,041 shares during the quarter. Meta Platforms makes up approximately 3.9% of Dock Street Asset Management Inc.'s portfolio, making the stock its 8th largest position. Dock Street Asset Management Inc.'s holdings in Meta Platforms were worth $41,993,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in META. Kingstone Capital Partners Texas LLC boosted its holdings in shares of 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 period. Nuveen LLC acquired a new stake in shares of Meta Platforms during the first quarter worth approximately $2,990,544,000. Amundi boosted its holdings in shares of Meta Platforms by 23.5% during the first quarter. Amundi now owns 7,733,061 shares of the social networking company's stock worth $4,111,050,000 after purchasing an additional 1,470,070 shares during the period. 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 acquiring an additional 1,255,546 shares during the last quarter. Finally, Strs Ohio acquired a new stake in Meta Platforms in the first quarter valued at approximately $571,086,000. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on META. Mizuho set a $925.00 target price on shares of Meta Platforms and gave the company an "outperform" rating in a research note on Monday, September 29th. Citizens Jmp lifted their target price on shares of Meta Platforms from $750.00 to $900.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Bank of America lifted their target price on shares of Meta Platforms from $775.00 to $900.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Sanford C. Bernstein lifted their target price on shares of Meta Platforms from $775.00 to $900.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Meta Platforms in a research note on Saturday. Five investment analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $829.66.

Meta Platforms Trading Up 0.6%

Shares of META stock opened at $738.36 on Friday. Meta Platforms, Inc. has a 1 year low of $479.80 and a 1 year high of $796.25. The firm's fifty day simple moving average is $742.11 and its 200 day simple moving average is $691.34. The firm has a market capitalization of $1.85 trillion, a P/E ratio of 26.73, a price-to-earnings-growth ratio of 1.57 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 (NASDAQ:META - Get Free Report) last announced its earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analyst estimates of $44.55 billion. During the same quarter in the previous year, the firm posted $5.16 earnings per share. Meta Platforms's revenue was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, sell-side analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Announces Dividend

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

Insider Activity at Meta Platforms

In other Meta Platforms news, CEO Mark Zuckerberg sold 15,847 shares of the business's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $769.38, for a total value of $12,192,364.86. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Christopher K. Cox sold 60,000 shares of the business's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $775.95, for a total transaction of $46,557,000.00. Following the completion of the sale, the insider directly owned 237,205 shares in the company, valued at $184,059,219.75. This trade represents a 20.19% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 214,182 shares of company stock worth $164,951,541. 13.61% of the stock is owned by insiders.

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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