San Luis Wealth Advisors LLC raised its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 7.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,041 shares of the social networking company's stock after acquiring an additional 693 shares during the quarter. Meta Platforms makes up approximately 1.6% of San Luis Wealth Advisors LLC's investment portfolio, making the stock its 18th largest position. San Luis Wealth Advisors LLC's holdings in Meta Platforms were worth $7,411,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of the stock. Pachira Investments Inc. lifted its holdings in Meta Platforms by 3.0% in the second quarter. Pachira Investments Inc. now owns 488 shares of the social networking company's stock valued at $360,000 after acquiring an additional 14 shares during the period. Shelton Wealth Management LLC lifted its holdings in Meta Platforms by 0.9% in the second quarter. Shelton Wealth Management LLC now owns 1,764 shares of the social networking company's stock valued at $1,302,000 after acquiring an additional 15 shares during the period. Myecfo LLC lifted its holdings in Meta Platforms by 2.0% in the second quarter. Myecfo LLC now owns 776 shares of the social networking company's stock valued at $573,000 after acquiring an additional 15 shares during the period. Kooman & Associates lifted its holdings in Meta Platforms by 2.8% in the second quarter. Kooman & Associates now owns 544 shares of the social networking company's stock valued at $402,000 after acquiring an additional 15 shares during the period. Finally, Cedar Point Capital Partners LLC raised its stake in shares of Meta Platforms by 2.2% during the 1st quarter. Cedar Point Capital Partners LLC now owns 752 shares of the social networking company's stock worth $433,000 after buying an additional 16 shares during the period. 79.91% of the stock is owned by institutional investors and hedge funds.
Meta Platforms Price Performance
META opened at $710.56 on Friday. The stock's 50-day moving average price is $753.21 and its 200 day moving average price is $674.82. Meta Platforms, Inc. has a 12-month low of $479.80 and a 12-month high of $796.25. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15. The firm has a market cap of $1.79 trillion, a price-to-earnings ratio of 25.73, a PEG ratio of 1.52 and a beta of 1.20.
Meta Platforms (NASDAQ:META - Get Free Report) last posted its earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, topping the consensus estimate 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 earned $5.16 EPS. Meta Platforms's 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 expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.
Meta Platforms Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Investors 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 annualized dividend and a yield of 0.3%. Meta Platforms's dividend payout ratio is presently 7.60%.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on META shares. Sanford C. Bernstein upped their target price on Meta Platforms from $775.00 to $900.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Pivotal Research upped their target price on Meta Platforms from $830.00 to $930.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Benchmark upped their target price on Meta Platforms from $800.00 to $890.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Roth Capital upped their target price on Meta Platforms from $620.00 to $740.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Finally, Bank of America upped their target price on Meta Platforms from $775.00 to $900.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Four analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $830.02.
Check Out Our Latest Stock Analysis on Meta Platforms
Insider Transactions at Meta Platforms
In related news, insider Christopher K. Cox sold 60,000 shares of the stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $775.95, for a total transaction of $46,557,000.00. Following the transaction, the insider owned 237,205 shares of the company's stock, valued at approximately $184,059,219.75. This represents a 20.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mark Zuckerberg sold 15,847 shares of the stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $753.43, for a total value of $11,939,605.21. The disclosure for this sale can be found here. Insiders sold a total of 214,182 shares of company stock worth $164,955,168 in the last 90 days. Insiders own 13.61% of the company's stock.
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.
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