Sagespring Wealth Partners LLC boosted its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 10.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,172 shares of the social networking company's stock after purchasing an additional 2,928 shares during the period. Sagespring Wealth Partners LLC's holdings in Meta Platforms were worth $23,746,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the company. Barnes Dennig Private Wealth Management LLC acquired a new position in Meta Platforms during the 1st quarter worth $28,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Meta Platforms in the 1st quarter worth about $33,000. Evergreen Private Wealth LLC lifted its position in Meta Platforms by 237.5% in the 2nd quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company's stock valued at $40,000 after purchasing an additional 38 shares during the last quarter. JCIC Asset Management Inc. lifted its position in Meta Platforms by 102.6% in the 1st quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company's stock valued at $46,000 after purchasing an additional 40 shares during the last quarter. Finally, Maseco LLP bought a new stake in Meta Platforms in the 2nd quarter valued at about $54,000. 79.91% of the stock is owned by institutional investors and hedge funds.
Meta Platforms Trading Up 0.6%
Shares of Meta Platforms stock opened at $738.36 on Friday. The firm has a market capitalization of $1.85 trillion, a PE ratio of 26.73, a price-to-earnings-growth ratio of 1.56 and a beta of 1.20. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.97 and a quick ratio of 1.97. The company's fifty day moving average price is $742.11 and its two-hundred day moving average price is $690.10. 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 results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 39.99% and a return on equity of 39.33%. The business's revenue for the quarter was up 21.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. On average, analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current year.
Meta Platforms Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were issued a $0.525 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. Meta Platforms's dividend payout ratio is presently 7.60%.
Insider Transactions at Meta Platforms
In other news, COO Javier Olivan sold 517 shares of the company's stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $721.30, for a total value of $372,912.10. Following the sale, the chief operating officer owned 8,475 shares of the company's stock, valued at approximately $6,113,017.50. This represents a 5.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert M. Kimmitt sold 465 shares of the company's stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $716.97, for a total transaction of $333,391.05. Following the completion of the sale, the director directly owned 7,947 shares in the company, valued at approximately $5,697,760.59. The trade was a 5.53% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 214,182 shares of company stock valued at $164,951,541. 13.61% of the stock is owned by insiders.
Wall Street Analyst Weigh In
META has been the topic of a number of recent analyst reports. Roth Capital boosted their price target on shares of Meta Platforms from $620.00 to $740.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. HSBC raised shares of Meta Platforms from a "hold" rating to a "buy" rating and lifted their target price for the stock from $610.00 to $900.00 in a research report on Thursday, July 31st. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $920.00 price objective on shares of Meta Platforms in a research report on Thursday, October 16th. UBS Group lifted their target price on shares of Meta Platforms from $897.00 to $900.00 and gave the company a "buy" rating in a research note on Thursday, October 9th. Finally, Guggenheim reiterated a "buy" rating and issued a $800.00 target price (up from $725.00) on shares of Meta Platforms in a research note on Monday, July 28th. Five research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $829.66.
View Our Latest Report on Meta Platforms
About Meta Platforms
(
Free Report)
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.
Further Reading
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