Ritholtz Wealth Management Buys 2,800 Shares of Meta Platforms, Inc. $META

Ritholtz Wealth Management grew its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 8.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,165 shares of the social networking company's stock after purchasing an additional 2,800 shares during the period. Meta Platforms makes up approximately 0.6% of Ritholtz Wealth Management's holdings, making the stock its 24th largest holding. Ritholtz Wealth Management's holdings in Meta Platforms were worth $25,955,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of META. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Meta Platforms in the 1st quarter valued at approximately $28,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Meta Platforms in the 1st quarter valued at approximately $33,000. Evergreen Private Wealth LLC grew its stake in shares of Meta Platforms by 237.5% in the 2nd quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company's stock valued at $40,000 after purchasing an additional 38 shares during the period. JCIC Asset Management Inc. grew its stake in shares of Meta Platforms by 102.6% in the 1st quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company's stock valued at $46,000 after purchasing an additional 40 shares during the period. Finally, Maseco LLP bought a new stake in shares of Meta Platforms in the 2nd quarter valued at approximately $54,000. 79.91% of the stock is currently owned by institutional investors.

Meta Platforms Stock Performance

Shares of Meta Platforms stock opened at $738.36 on Friday. The firm has a fifty day moving average of $742.11 and a two-hundred day moving average of $690.10. The stock has a market capitalization of $1.85 trillion, a price-to-earnings ratio of 26.73, a PEG ratio of 1.56 and a beta of 1.20. 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.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its earnings results on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, beating the consensus estimate of $5.75 by $1.39. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The company had revenue of $47.52 billion during the quarter, compared to analysts' expectations of $44.55 billion. During the same quarter in the previous year, the company posted $5.16 EPS. The business'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. As a group, equities research analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors 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 dividend on an annualized basis and a dividend yield of 0.3%. Meta Platforms's dividend payout ratio is currently 7.60%.

Insider Activity at Meta Platforms

In related news, COO Javier Olivan sold 517 shares of the company's stock in a transaction on Monday, October 20th. The shares were sold at an average price of $721.30, for a total value of $372,912.10. Following the completion of the sale, the chief operating officer owned 8,475 shares in the company, valued at $6,113,017.50. This represents a 5.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jennifer Newstead sold 519 shares of the company's stock in a transaction on Tuesday, October 21st. The shares were sold at an average price of $736.37, for a total transaction of $382,176.03. Following the completion of the sale, the insider owned 28,275 shares of the company's stock, valued at approximately $20,820,861.75. This represents a 1.80% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 214,182 shares of company stock worth $164,951,541 in the last quarter. Corporate insiders own 13.61% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on META shares. Truist Financial set a $880.00 price objective on Meta Platforms in a research note on Thursday, September 18th. Raymond James Financial upped their price objective on Meta Platforms from $750.00 to $900.00 and gave the stock a "strong-buy" rating in a report on Thursday, July 31st. Needham & Company LLC raised Meta Platforms from an "underperform" rating to a "hold" rating in a report on Thursday, July 3rd. Hsbc Global Res raised Meta Platforms from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 31st. Finally, Pivotal Research upped their price objective on Meta Platforms from $830.00 to $930.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Five equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $829.66.

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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