Meta Platforms, Inc. $META Shares Acquired by WealthBridge Investment Counsel Inc.

Key Points

• WealthBridge Investment Counsel Inc. increased its holdings in Meta Platforms, acquiring an additional 3,672 shares in the second quarter, leading to a total of 4,939 shares valued at approximately $3.65 million.
• Insiders at Meta Platforms have recently sold a significant number of shares, totaling 256,886 shares worth $195.69 million over the past three months, suggesting notable shifts in ownership.
• In its latest earnings report, Meta Platforms surpassed expectations with a quarterly revenue of $47.52 billion and an EPS of $7.14, reflecting a revenue increase of 21.6% year-over-year.

WealthBridge Investment Counsel Inc. lifted its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 289.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,939 shares of the social networking company's stock after acquiring an additional 3,672 shares during the period. WealthBridge Investment Counsel Inc.'s holdings in Meta Platforms were worth $3,645,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. William Howard & Co Financial Advisors Inc purchased a new stake in Meta Platforms in the second quarter valued at $233,000. BDF Gestion boosted its stake in shares of Meta Platforms by 9.4% during the 2nd quarter. BDF Gestion now owns 51,602 shares of the social networking company's stock worth $38,087,000 after acquiring an additional 4,413 shares in the last quarter. Marshall & Sullivan Inc. WA boosted its stake in shares of Meta Platforms by 1.7% during the 2nd quarter. Marshall & Sullivan Inc. WA now owns 8,116 shares of the social networking company's stock worth $5,990,000 after acquiring an additional 138 shares in the last quarter. Pinnacle Bancorp Inc. raised its position in shares of Meta Platforms by 1.6% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 6,634 shares of the social networking company's stock worth $4,897,000 after purchasing an additional 107 shares during the last quarter. Finally, Shelton Wealth Management LLC raised its position in shares of Meta Platforms by 0.9% during the 2nd quarter. Shelton Wealth Management LLC now owns 1,764 shares of the social networking company's stock worth $1,302,000 after purchasing an additional 15 shares during the last quarter. 79.91% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Meta Platforms

In other news, insider Jennifer Newstead sold 519 shares of Meta Platforms stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $767.16, for a total transaction of $398,156.04. Following the completion of the sale, the insider directly owned 30,870 shares of the company's stock, valued at approximately $23,682,229.20. The trade was a 1.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert M. Kimmitt sold 465 shares of Meta Platforms stock in a transaction on Monday, September 15th. The stock was sold at an average price of $757.47, for a total transaction of $352,223.55. Following the sale, the director directly owned 8,412 shares of the company's stock, valued at approximately $6,371,837.64. This trade represents a 5.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 256,886 shares of company stock valued at $195,693,600. Insiders own 13.61% of the company's stock.

Meta Platforms Stock Performance

NASDAQ:META opened at $765.16 on Tuesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.97. Meta Platforms, Inc. has a fifty-two week low of $479.80 and a fifty-two week high of $796.25. The stock has a market capitalization of $1.92 trillion, a P/E ratio of 27.70, a PEG ratio of 1.62 and a beta of 1.24. The company has a 50 day moving average price of $747.94 and a 200 day moving average price of $667.24.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, beating the consensus estimate of $5.75 by $1.39. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The company had revenue of $47.52 billion during the quarter, compared to analysts' expectations of $44.55 billion. During the same quarter last year, the company posted $5.16 EPS. The firm's revenue was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. Equities research analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Robert W. Baird upped their price target on shares of Meta Platforms from $635.00 to $740.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. Barclays upped their price target on shares of Meta Platforms from $640.00 to $810.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Truist Financial set a $880.00 price target on shares of Meta Platforms in a research report on Thursday. Sanford C. Bernstein upped their price target on shares of Meta Platforms from $775.00 to $900.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Finally, Raymond James Financial upped their price target on shares of Meta Platforms from $750.00 to $900.00 and gave the stock a "strong-buy" rating in a research report on Thursday, July 31st. 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's stock. According to MarketBeat, Meta Platforms currently has an average rating of "Moderate Buy" and an average target price of $826.05.

Meta Platforms Company 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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