Meta Platforms, Inc. $META Shares Purchased by Robbins Farley

Robbins Farley lifted its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 9.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,344 shares of the social networking company's stock after purchasing an additional 660 shares during the period. Meta Platforms makes up about 2.5% of Robbins Farley's holdings, making the stock its 13th biggest position. Robbins Farley's holdings in Meta Platforms were worth $5,421,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Mainsail Financial Group LLC purchased a new position in Meta Platforms during the 2nd quarter worth approximately $242,000. Bluesphere Advisors LLC boosted its position in shares of Meta Platforms by 5.5% in the second quarter. Bluesphere Advisors LLC now owns 2,101 shares of the social networking company's stock worth $1,551,000 after buying an additional 110 shares during the period. Hamilton Capital Partners LLC raised its position in Meta Platforms by 6.3% during the second quarter. Hamilton Capital Partners LLC now owns 24,760 shares of the social networking company's stock valued at $18,275,000 after buying an additional 1,473 shares during the period. Lee Johnson Capital Management LLC raised its position in Meta Platforms by 34.1% during the second quarter. Lee Johnson Capital Management LLC now owns 8,984 shares of the social networking company's stock valued at $6,631,000 after buying an additional 2,283 shares during the period. Finally, Park Place Capital Corp lifted its stake in Meta Platforms by 10.8% in the 2nd quarter. Park Place Capital Corp now owns 3,264 shares of the social networking company's stock worth $2,348,000 after acquiring an additional 318 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company's stock.

Insider Activity at Meta Platforms

In other Meta Platforms news, insider Jennifer Newstead sold 519 shares of the company's stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $741.50, for a total value of $384,838.50. Following the transaction, the insider directly owned 29,832 shares in the company, valued at $22,120,428. The trade was a 1.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert M. Kimmitt sold 465 shares of the company's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $757.47, for a total transaction of $352,223.55. Following the completion of the transaction, the director owned 8,412 shares in the company, valued at approximately $6,371,837.64. This trade represents a 5.24% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 213,146 shares of company stock worth $164,209,720. Company insiders own 13.61% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on META. Raymond James Financial increased their target price on shares of Meta Platforms from $750.00 to $900.00 and gave the stock a "strong-buy" rating in a research report on Thursday, July 31st. Monness Crespi & Hardt upped their target price on shares of Meta Platforms from $780.00 to $860.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Cantor Fitzgerald restated an "overweight" rating and issued a $920.00 price target on shares of Meta Platforms in a research report on Wednesday, September 17th. Benchmark boosted their target price on Meta Platforms from $800.00 to $890.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Finally, Stifel Nicolaus increased their price target on shares of Meta Platforms from $845.00 to $900.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Four equities research 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $830.02.

Meta Platforms Stock Up 0.7%

Shares of META stock opened at $715.66 on Tuesday. The firm has a fifty day moving average of $753.17 and a 200-day moving average of $676.91. 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, Inc. has a 12-month low of $479.80 and a 12-month high of $796.25. The company has a market capitalization of $1.80 trillion, a price-to-earnings ratio of 25.91, a P/E/G ratio of 1.48 and a beta of 1.20.

Meta Platforms (NASDAQ:META - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $44.55 billion. During the same quarter in the prior year, the firm posted $5.16 EPS. The business'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, equities research analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Monday, September 22nd. Meta Platforms's payout ratio is 7.60%.

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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