Meta Platforms, Inc. $META Stock Holdings Lifted by WESPAC Advisors LLC

Key Points

• WESPAC Advisors LLC increased its stake in Meta Platforms by 38.5% during the second quarter, now owning a total of 1,303 shares valued at approximately $962,000.
• Meta Platforms experienced adjustments in institutional holdings, with investors like Pachira Investments and Kooman & Associates raising their stakes during the same period.
• The company reported a Q2 earnings per share (EPS) of $7.14, exceeding analysts' expectations, with quarterly revenue rising 21.6% year-over-year to $47.52 billion.

WESPAC Advisors LLC raised its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 38.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,303 shares of the social networking company's stock after buying an additional 362 shares during the period. WESPAC Advisors LLC's holdings in Meta Platforms were worth $962,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Pachira Investments Inc. boosted 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 worth $360,000 after purchasing an additional 14 shares in the last quarter. Shelton Wealth Management LLC raised its position in shares of Meta Platforms by 0.9% during 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 buying an additional 15 shares during the last quarter. Myecfo LLC raised its position in shares of Meta Platforms by 2.0% during the second quarter. Myecfo LLC now owns 776 shares of the social networking company's stock valued at $573,000 after buying an additional 15 shares during the last quarter. Kooman & Associates raised its position in shares of Meta Platforms by 2.8% during the second quarter. Kooman & Associates now owns 544 shares of the social networking company's stock valued at $402,000 after buying an additional 15 shares during the last quarter. Finally, Nabity Jensen Investment Management Inc increased its stake in Meta Platforms by 1.1% in the second quarter. Nabity Jensen Investment Management Inc now owns 1,378 shares of the social networking company's stock valued at $1,017,000 after acquiring an additional 15 shares during the period. Institutional investors own 79.91% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on META shares. Robert W. Baird upped their price objective on shares of Meta Platforms from $635.00 to $740.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. Zacks Research lowered shares of Meta Platforms from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. Royal Bank Of Canada raised their price objective on shares of Meta Platforms from $740.00 to $840.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Stifel Nicolaus raised their price objective on shares of Meta Platforms from $845.00 to $900.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Finally, Roth Capital raised their target price on shares of Meta Platforms from $620.00 to $740.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Four investment 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. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $830.68.

Meta Platforms Trading Down 0.8%

Meta Platforms stock opened at $712.07 on Friday. 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 capitalization of $1.79 trillion, a P/E ratio of 25.78, a PEG ratio of 1.50 and a beta of 1.20. The stock has a 50-day simple moving average of $747.80 and a 200 day simple moving average of $682.13.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 EPS 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 business had revenue of $47.52 billion during the quarter, compared to analysts' expectations of $44.55 billion. During the same quarter last year, the company posted $5.16 earnings per share. Meta Platforms's quarterly revenue was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. Analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 29th. Investors 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 payout ratio is presently 7.60%.

Insider Activity

In related news, insider Jennifer Newstead sold 519 shares of Meta Platforms stock in a transaction dated Tuesday, October 14th. The shares were sold at an average price of $707.85, for a total transaction of $367,374.15. Following the completion of the sale, the insider owned 28,794 shares of the company's stock, valued at approximately $20,381,832.90. The trade was a 1.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Javier Olivan sold 517 shares of Meta Platforms stock in a transaction dated Monday, October 13th. The stock was sold at an average price of $713.34, for a total transaction of $368,796.78. Following the sale, the chief operating officer directly owned 8,992 shares of the company's stock, valued at $6,414,353.28. The trade was a 5.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 213,717 shares of company stock valued at $164,599,932 in the last ninety days. 13.61% of the stock is currently owned by 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.

Want to see what other hedge funds are holding META? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Meta Platforms, Inc. (NASDAQ:META - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.