Meta Platforms, Inc. $META Shares Purchased by Mainstay Capital Management LLC ADV

Key Points

• Mainstay Capital Management LLC ADV increased its stake in Meta Platforms, Inc. by 104.1% during the second quarter, owning a total of 4,534 shares valued at approximately $3.35 million.
• Insider transactions included Director Robert M. Kimmitt selling 465 shares and Jennifer Newstead selling 519 shares, indicating slight decreases in their holdings.
• Meta recently reported strong earnings with an EPS of $7.14, exceeding estimates by $1.39, and had a quarterly revenue of $47.52 billion.

Mainstay Capital Management LLC ADV raised its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 104.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,534 shares of the social networking company's stock after buying an additional 2,312 shares during the period. Mainstay Capital Management LLC ADV's holdings in Meta Platforms were worth $3,346,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in META. Inlight Wealth Management LLC acquired a new stake in Meta Platforms in the first quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Meta Platforms in the first quarter worth $28,000. MJT & Associates Financial Advisory Group Inc. bought a new position in Meta Platforms during the first quarter worth $33,000. Evergreen Private Wealth LLC increased its position in Meta Platforms by 237.5% during the second quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company's stock worth $40,000 after acquiring an additional 38 shares during the period. Finally, JCIC Asset Management Inc. increased its position in Meta Platforms by 102.6% during the first quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company's stock worth $46,000 after acquiring an additional 40 shares during the period. Institutional investors and hedge funds own 79.91% of the company's stock.

Insider Activity

In other news, Director Robert M. Kimmitt sold 465 shares of the stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $716.97, for a total value of $333,391.05. Following the completion of the sale, the director owned 7,947 shares of the company's stock, valued at approximately $5,697,760.59. This represents a 5.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jennifer Newstead sold 519 shares of the firm's stock in a transaction on Tuesday, October 14th. The shares were sold at an average price of $707.85, for a total value of $367,374.15. Following the sale, the insider directly owned 28,794 shares of the company's stock, valued at $20,381,832.90. This represents a 1.77% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 214,182 shares of company stock valued at $164,933,323. 13.61% of the stock is owned by insiders.

Analyst Ratings Changes

META has been the topic of several analyst reports. Zacks Research lowered shares of Meta Platforms from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. Citigroup reiterated an "outperform" rating on shares of Meta Platforms in a research report on Thursday, July 31st. Cantor Fitzgerald restated an "overweight" rating and set a $920.00 target price on shares of Meta Platforms in a research report on Thursday. Wells Fargo & Company upped their target price on shares of Meta Platforms from $811.00 to $837.00 and gave the company an "overweight" rating in a research report on Tuesday, October 7th. Finally, Benchmark upped their target price on shares of Meta Platforms from $800.00 to $890.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Four analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $830.68.

Meta Platforms Price Performance

NASDAQ META opened at $716.91 on Friday. The business has a 50 day simple moving average of $746.75 and a 200 day simple moving average of $683.03. Meta Platforms, Inc. has a 52-week low of $479.80 and a 52-week high of $796.25. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.97. The stock has a market cap of $1.80 trillion, a price-to-earnings ratio of 25.96, a PEG ratio of 1.49 and a beta of 1.20.

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

Meta Platforms Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, September 22nd. Meta Platforms's dividend payout ratio is presently 7.60%.

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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