Meta Platforms, Inc. $META Shares Purchased by Palacios Wealth Management LLC

Key Points

• Palacios Wealth Management LLC increased its holdings in Meta Platforms, Inc. by 20.9% during Q2, owning a total of 6,212 shares valued at approximately $4.59 million.
• Multiple institutional investors, including Kingstone Capital Partners, significantly boosted their positions in Meta, contributing to institutional ownership of 79.91% of the stock.
• Meta Platforms reported a substantial earnings beat for Q2 with EPS of $7.14, exceeding analysts' estimates by $1.39, and its revenue grew by 21.6% year-over-year.

Palacios Wealth Management LLC boosted its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 20.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,212 shares of the social networking company's stock after buying an additional 1,073 shares during the period. Meta Platforms accounts for approximately 3.8% of Palacios Wealth Management LLC's holdings, making the stock its 5th largest holding. Palacios Wealth Management LLC's holdings in Meta Platforms were worth $4,585,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Kingstone Capital Partners Texas LLC grew its holdings in Meta Platforms by 608,429.2% in the second quarter. Kingstone Capital Partners Texas LLC now owns 59,775,823 shares of the social networking company's stock valued at $44,119,937,000 after purchasing an additional 59,766,000 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Meta Platforms by 67,172.9% in the 1st quarter. GAMMA Investing LLC now owns 23,452,665 shares of the social networking company's stock valued at $13,517,178,000 after purchasing an additional 23,417,803 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Meta Platforms during the 1st quarter valued at $2,990,544,000. Assenagon Asset Management S.A. grew its stake in shares of Meta Platforms by 712.2% during the 1st quarter. Assenagon Asset Management S.A. now owns 2,537,631 shares of the social networking company's stock valued at $1,462,589,000 after buying an additional 2,225,186 shares during the period. Finally, Amundi increased its holdings in shares of Meta Platforms by 23.5% during the 1st quarter. Amundi now owns 7,733,061 shares of the social networking company's stock worth $4,111,050,000 after buying an additional 1,470,070 shares during the last quarter. Institutional investors and hedge funds own 79.91% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on META. Loop Capital reissued a "buy" rating and set a $980.00 price target (up previously from $888.00) on shares of Meta Platforms in a research report on Tuesday, August 5th. Guggenheim reaffirmed a "buy" rating and issued a $800.00 price objective (up from $725.00) on shares of Meta Platforms in a research note on Monday, July 28th. Scotiabank raised their price target on shares of Meta Platforms from $675.00 to $685.00 and gave the company a "sector perform" rating in a report on Thursday, July 31st. JPMorgan Chase & Co. lifted their price target on shares of Meta Platforms from $795.00 to $875.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Finally, Royal Bank Of Canada boosted their price objective on shares of Meta Platforms from $740.00 to $840.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Meta Platforms presently has an average rating of "Moderate Buy" and an average price target of $826.05.

Meta Platforms Stock Performance

Shares of META stock opened at $755.40 on Wednesday. The stock has a market capitalization of $1.90 trillion, a price-to-earnings ratio of 27.35, a PEG ratio of 1.60 and a beta of 1.24. Meta Platforms, Inc. has a one year low of $479.80 and a one year high of $796.25. The company's 50-day simple moving average is $748.84 and its 200-day simple moving average is $667.85. 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 (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 (EPS) for the quarter, beating 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 analysts' expectations of $44.55 billion. During the same quarter in the prior year, the firm posted $5.16 earnings per share. Meta Platforms's revenue for the quarter was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. Equities analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 22nd will be given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Monday, September 22nd. Meta Platforms's dividend payout ratio (DPR) is presently 7.60%.

Insider Activity

In related news, insider Christopher K. Cox sold 60,000 shares of the business's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $775.95, for a total transaction of $46,557,000.00. Following the completion of the sale, the insider owned 237,205 shares of the company's stock, valued at $184,059,219.75. This represents a 20.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mark Zuckerberg sold 15,847 shares of the firm's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $753.43, for a total transaction of $11,939,605.21. The disclosure for this sale can be found here. In the last three months, insiders sold 243,093 shares of company stock valued at $185,897,260. Company insiders own 13.61% of the company's stock.

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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