BayBridge Capital Group LLC Acquires 71 Shares of Meta Platforms, Inc. $META

BayBridge Capital Group LLC boosted its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 2.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,704 shares of the social networking company’s stock after purchasing an additional 71 shares during the period. Meta Platforms comprises approximately 1.3% of BayBridge Capital Group LLC’s investment portfolio, making the stock its 17th biggest position. BayBridge Capital Group LLC’s holdings in Meta Platforms were worth $1,996,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. RBA Wealth Management LLC lifted its stake in Meta Platforms by 3.4% during the second quarter. RBA Wealth Management LLC now owns 9,448 shares of the social networking company’s stock worth $6,973,000 after purchasing an additional 307 shares during the last quarter. SC&H Financial Advisors Inc. lifted its stake in shares of Meta Platforms by 4.1% in the 2nd quarter. SC&H Financial Advisors Inc. now owns 1,953 shares of the social networking company’s stock valued at $1,442,000 after acquiring an additional 77 shares during the last quarter. Hengehold Capital Management LLC lifted its stake in shares of Meta Platforms by 12.1% in the 2nd quarter. Hengehold Capital Management LLC now owns 1,420 shares of the social networking company’s stock valued at $1,048,000 after acquiring an additional 153 shares during the last quarter. TBH Global Asset Management LLC lifted its stake in shares of Meta Platforms by 17.8% in the 2nd quarter. TBH Global Asset Management LLC now owns 11,655 shares of the social networking company’s stock valued at $8,602,000 after acquiring an additional 1,757 shares during the last quarter. Finally, Ariose Capital Management Ltd bought a new position in shares of Meta Platforms in the 2nd quarter valued at $42,071,000. 79.91% of the stock is currently owned by institutional investors.

Meta Platforms Stock Performance

Shares of Meta Platforms stock opened at $727.05 on Friday. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15. The business has a 50-day moving average price of $753.26 and a two-hundred day moving average price of $673.93. Meta Platforms, Inc. has a 1-year low of $479.80 and a 1-year high of $796.25. The company has a market cap of $1.83 trillion, a P/E ratio of 26.32, a PEG ratio of 1.50 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last issued 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 period last year, the business posted $5.16 EPS. The business’s revenue was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were paid 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 currently 7.60%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. JMP Securities increased their price target on Meta Platforms from $750.00 to $900.00 and gave the company a “market outperform” rating in a research note on Thursday, July 31st. Canaccord Genuity Group increased their price target on Meta Platforms from $825.00 to $850.00 and gave the company a “buy” rating in a research note on Wednesday, July 16th. Truist Financial set a $880.00 price target on Meta Platforms in a research note on Thursday, September 18th. Sanford C. Bernstein increased their price target on Meta Platforms from $775.00 to $900.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. Finally, Citizens Jmp increased their price target on Meta Platforms from $750.00 to $900.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. Four investment analysts have rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $830.02.

Insider Activity

In other news, Director Robert M. Kimmitt sold 465 shares of the firm’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $757.47, for a total value of $352,223.55. Following the completion of the sale, the director directly owned 8,412 shares in the company, valued at $6,371,837.64. This trade represents a 5.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Javier Olivan sold 517 shares of the firm’s stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $748.72, for a total value of $387,088.24. Following the completion of the sale, the chief operating officer owned 10,026 shares of the company’s stock, valued at approximately $7,506,666.72. This represents a 4.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 214,182 shares of company stock worth $164,955,168 in the last three months. Company insiders own 13.61% of the company’s stock.

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.