Meta Platforms, Inc. $META Shares Purchased by Greenwood Capital Associates LLC

Greenwood Capital Associates LLC grew its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 4.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,062 shares of the social networking company's stock after purchasing an additional 564 shares during the quarter. Meta Platforms accounts for 1.2% of Greenwood Capital Associates LLC's investment portfolio, making the stock its 18th biggest position. Greenwood Capital Associates LLC's holdings in Meta Platforms were worth $9,641,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Synergy Asset Management LLC lifted its stake in shares of Meta Platforms by 11.0% during the second quarter. Synergy Asset Management LLC now owns 37,129 shares of the social networking company's stock worth $27,405,000 after purchasing an additional 3,674 shares in the last quarter. Verus Financial Partners Inc. lifted its stake in shares of Meta Platforms by 15.7% during the second quarter. Verus Financial Partners Inc. now owns 766 shares of the social networking company's stock worth $561,000 after purchasing an additional 104 shares in the last quarter. Mattern Capital Management LLC lifted its stake in shares of Meta Platforms by 14.1% during the second quarter. Mattern Capital Management LLC now owns 1,751 shares of the social networking company's stock worth $1,292,000 after purchasing an additional 216 shares in the last quarter. Ashton Thomas Securities LLC lifted its stake in shares of Meta Platforms by 12.4% during the second quarter. Ashton Thomas Securities LLC now owns 12,277 shares of the social networking company's stock worth $9,062,000 after purchasing an additional 1,355 shares in the last quarter. Finally, Capital & Planning LLC acquired a new position in shares of Meta Platforms during the second quarter worth about $322,000. Institutional investors and hedge funds own 79.91% of the company's stock.

Meta Platforms Stock Up 2.2%

Shares of Meta Platforms stock opened at $733.51 on Friday. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.15. The firm has a market cap of $1.84 trillion, a P/E ratio of 26.56, a P/E/G ratio of 1.50 and a beta of 1.20. Meta Platforms, Inc. has a fifty-two week low of $479.80 and a fifty-two week high of $796.25. The business has a 50-day moving average price of $753.09 and a 200 day moving average price of $678.22.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 earnings per share for the quarter, beating the consensus estimate of $5.75 by $1.39. The firm had revenue of $47.52 billion during the quarter, compared to analyst estimates of $44.55 billion. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.Meta Platforms's quarterly revenue was up 21.6% on a year-over-year basis. During the same period in the previous year, the company earned $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. On average, sell-side analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

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

Analyst Upgrades and Downgrades

META has been the topic of a number of recent research reports. JPMorgan Chase & Co. boosted their price objective on Meta Platforms from $795.00 to $875.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Oppenheimer boosted their price target on Meta Platforms from $775.00 to $870.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Barclays boosted their price target on Meta Platforms from $640.00 to $810.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. UBS Group boosted their price target on Meta Platforms from $897.00 to $900.00 and gave the stock a "buy" rating in a research note on Thursday. Finally, Scotiabank boosted their price target on Meta Platforms from $675.00 to $685.00 and gave the stock a "sector perform" 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 issued a Hold rating to the company's stock. According to data from MarketBeat.com, Meta Platforms presently has an average rating of "Moderate Buy" and a consensus target price of $830.68.

Insider Buying and Selling

In other news, CEO Mark Zuckerberg sold 15,847 shares of the company's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $769.38, for a total transaction of $12,192,364.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Andrew Bosworth sold 11,694 shares of the company's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $775.00, for a total value of $9,062,850.00. Following the transaction, the chief technology officer directly owned 1,799 shares of the company's stock, valued at $1,394,225. This trade represents a 86.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 214,182 shares of company stock valued at $164,946,219 over the last three months. 13.61% of the stock is owned by company insiders.

About Meta Platforms

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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