KG&L Capital Management LLC Boosts Stock Position in Meta Platforms, Inc. $META

KG&L Capital Management LLC lifted its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 0.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,097 shares of the social networking company’s stock after buying an additional 110 shares during the quarter. Meta Platforms makes up 2.9% of KG&L Capital Management LLC’s holdings, making the stock its 10th largest holding. KG&L Capital Management LLC’s holdings in Meta Platforms were worth $9,666,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Inlight Wealth Management LLC bought a new stake in Meta Platforms during the first quarter valued at about $25,000. Barnes Dennig Private Wealth Management LLC bought a new stake in Meta Platforms during the first quarter valued at about $28,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in Meta Platforms during the first quarter valued at about $33,000. Evergreen Private Wealth LLC boosted its position in Meta Platforms by 237.5% during the second 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 in the last quarter. Finally, JCIC Asset Management Inc. boosted its position in Meta Platforms by 102.6% during the first 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 in the last quarter. Institutional investors own 79.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Bank of America raised their price objective on Meta Platforms from $775.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Robert W. Baird increased their price target on Meta Platforms from $635.00 to $740.00 and gave the company an “outperform” rating in a research note on Wednesday, July 2nd. Wells Fargo & Company increased their price target on Meta Platforms from $783.00 to $811.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Barclays increased their price target on Meta Platforms from $640.00 to $810.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Finally, Pivotal Research increased their price target on Meta Platforms from $830.00 to $930.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Four research 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’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $830.02.

Insider Buying and Selling

In related news, CEO Mark Zuckerberg sold 15,847 shares of Meta Platforms stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $753.43, for a total transaction of $11,939,605.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Susan J. Li sold 18,332 shares of Meta Platforms stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $764.71, for a total value of $14,018,663.72. Following the transaction, the chief financial officer owned 84,141 shares of the company’s stock, valued at approximately $64,343,464.11. This represents a 17.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 214,182 shares of company stock valued at $164,955,168 in the last ninety days. Insiders own 13.61% of the company’s stock.

Meta Platforms Stock Up 1.4%

Shares of META stock opened at $727.05 on Friday. The stock has a 50 day moving average of $753.26 and a 200 day moving average of $673.93. 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 stock has a market cap of $1.83 trillion, a P/E ratio of 26.32, a P/E/G ratio of 1.50 and a beta of 1.20. Meta Platforms, Inc. has a twelve month low of $479.80 and a twelve month high of $796.25.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share for the quarter, beating the consensus estimate of $5.75 by $1.39. The company had revenue of $47.52 billion during the quarter, compared to analysts’ expectations of $44.55 billion. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.Meta Platforms’s quarterly revenue was up 21.6% on a year-over-year basis. During the same period last year, the business earned $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, sell-side analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 0.3%. The ex-dividend date was Monday, September 22nd. Meta Platforms’s dividend payout ratio (DPR) is currently 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.