Raleigh Capital Management Inc. raised its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 16.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,504 shares of the social networking company's stock after buying an additional 492 shares during the period. Meta Platforms makes up approximately 1.1% of Raleigh Capital Management Inc.'s holdings, making the stock its 14th largest holding. Raleigh Capital Management Inc.'s holdings in Meta Platforms were worth $2,586,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Inlight Wealth Management LLC acquired a new stake in Meta Platforms in the 1st quarter valued at about $25,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Meta Platforms in the first quarter valued at about $28,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Meta Platforms in the first quarter valued at approximately $33,000. Evergreen Private Wealth LLC increased its stake in shares of Meta Platforms by 237.5% during the 2nd quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company's stock worth $40,000 after purchasing an additional 38 shares in the last quarter. Finally, JCIC Asset Management Inc. raised its position in shares of Meta Platforms by 102.6% during the 1st quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company's stock worth $46,000 after purchasing an additional 40 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on META. Citigroup reiterated an "outperform" rating on shares of Meta Platforms in a report on Thursday, July 31st. Scotiabank lifted their price objective on Meta Platforms from $675.00 to $685.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 31st. Hsbc Global Res raised shares of Meta Platforms from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 31st. Benchmark raised their price target on shares of Meta Platforms from $800.00 to $890.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Finally, Sanford C. Bernstein boosted their price objective on shares of Meta Platforms from $775.00 to $900.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Four research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Meta Platforms has an average rating of "Moderate Buy" and a consensus price target of $830.02.
Get Our Latest Analysis on Meta Platforms
Insider Transactions at Meta Platforms
In related news, CTO Andrew Bosworth sold 11,694 shares of the company's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $775.00, for a total transaction of $9,062,850.00. Following the sale, the chief technology officer directly owned 1,799 shares of the company's stock, valued at approximately $1,394,225. This represents a 86.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Mark Zuckerberg sold 15,847 shares of the firm's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $768.67, for a total value of $12,181,113.49. The disclosure for this sale can be found here. Insiders have sold a total of 213,665 shares of company stock worth $164,584,215 in the last quarter. Insiders own 13.61% of the company's stock.
Meta Platforms Trading Down 2.3%
NASDAQ META opened at $710.56 on Monday. The company has a market capitalization of $1.79 trillion, a price-to-earnings ratio of 25.73, a price-to-earnings-growth ratio of 1.48 and a beta of 1.20. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.97 and a quick ratio of 1.97. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25. The company's fifty day moving average price is $753.21 and its two-hundred day moving average price is $676.07.
Meta Platforms (NASDAQ:META - Get Free Report) last issued its earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.75 by $1.39. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The business had revenue of $47.52 billion for the quarter, compared to analyst estimates of $44.55 billion. During the same quarter in the prior year, the business posted $5.16 EPS. The company's revenue for the quarter was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, research analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.
Meta Platforms Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were given a $0.525 dividend. The ex-dividend date was Monday, September 22nd. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. Meta Platforms's dividend payout ratio (DPR) is presently 7.60%.
About Meta Platforms
(
Free Report)
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.
See Also
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