Meta Platforms, Inc. $META Shares Bought by Courier Capital LLC

Courier Capital LLC raised its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 20.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,232 shares of the social networking company's stock after purchasing an additional 376 shares during the quarter. Courier Capital LLC's holdings in Meta Platforms were worth $1,647,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in META. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Meta Platforms during the first quarter valued at approximately $28,000. Evergreen Private Wealth LLC increased its stake in shares of Meta Platforms by 237.5% during the second quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company's stock valued at $40,000 after acquiring an additional 38 shares during the period. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Meta Platforms during the first quarter valued at approximately $33,000. Maseco LLP acquired a new position in shares of Meta Platforms during the second quarter valued at approximately $54,000. Finally, JCIC Asset Management Inc. increased its stake in shares of Meta Platforms by 102.6% during the first quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company's stock valued at $46,000 after acquiring an additional 40 shares during the period. Institutional investors and hedge funds own 79.91% of the company's stock.

Wall Street Analyst Weigh In

META has been the topic of a number of research analyst reports. Wedbush raised their price objective on shares of Meta Platforms from $750.00 to $920.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Loop Capital reiterated a "buy" rating and set a $980.00 price objective (up previously from $888.00) on shares of Meta Platforms in a research note on Tuesday, August 5th. Morgan Stanley raised their price objective on shares of Meta Platforms from $750.00 to $850.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Piper Sandler raised their target price on shares of Meta Platforms from $808.00 to $880.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Finally, Canaccord Genuity Group raised their target price on shares of Meta Platforms from $825.00 to $850.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Five research 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. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $829.66.

Meta Platforms Trading Up 0.6%

Shares of NASDAQ:META opened at $738.36 on Friday. The firm has a fifty day moving average of $742.11 and a two-hundred day moving average of $690.10. The firm has a market capitalization of $1.85 trillion, a P/E ratio of 26.73, a price-to-earnings-growth ratio of 1.56 and a beta of 1.20. Meta Platforms, Inc. has a 12-month low of $479.80 and a 12-month high of $796.25. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.15.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.75 by $1.39. The company had revenue of $47.52 billion during 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 company's revenue for the quarter was up 21.6% on a year-over-year basis. During the same quarter last year, the business posted $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. On average, equities analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were paid 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 dividend yield of 0.3%. Meta Platforms's dividend payout ratio (DPR) is 7.60%.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, Director Robert M. Kimmitt sold 465 shares of Meta Platforms stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $716.97, for a total transaction of $333,391.05. Following the completion of the sale, the director owned 7,947 shares of the company's stock, valued at $5,697,760.59. This trade represents a 5.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Jennifer Newstead sold 519 shares of Meta Platforms stock in a transaction on Tuesday, October 21st. The shares were sold at an average price of $736.37, for a total transaction of $382,176.03. Following the sale, the insider directly owned 28,275 shares of the company's stock, valued at $20,820,861.75. This trade represents a 1.80% decrease in their position. The disclosure for this sale can be found here. Insiders sold 214,182 shares of company stock valued at $164,951,541 in the last quarter. Company insiders own 13.61% of the company's stock.

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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