Meta Platforms, Inc. $META is RBA Wealth Management LLC’s 7th Largest Position

RBA Wealth Management LLC increased its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 3.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,448 shares of the social networking company’s stock after purchasing an additional 307 shares during the quarter. Meta Platforms makes up approximately 2.6% of RBA Wealth Management LLC’s holdings, making the stock its 7th largest holding. RBA Wealth Management LLC’s holdings in Meta Platforms were worth $6,973,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in META. Kingstone Capital Partners Texas LLC grew its holdings in Meta Platforms by 608,429.2% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 59,775,823 shares of the social networking company’s stock valued at $44,119,937,000 after buying an additional 59,766,000 shares during the period. Nuveen LLC purchased a new stake in Meta Platforms in the 1st quarter valued at about $2,990,544,000. Assenagon Asset Management S.A. grew its holdings in Meta Platforms by 712.2% in the 1st quarter. Assenagon Asset Management S.A. now owns 2,537,631 shares of the social networking company’s stock valued at $1,462,589,000 after buying an additional 2,225,186 shares during the period. Amundi grew its holdings in Meta Platforms by 23.5% in the 1st quarter. Amundi now owns 7,733,061 shares of the social networking company’s stock valued at $4,111,050,000 after buying an additional 1,470,070 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in Meta Platforms by 8.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 15,575,962 shares of the social networking company’s stock valued at $8,977,361,000 after buying an additional 1,255,546 shares during the period. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Insiders Place Their Bets

In other news, insider Jennifer Newstead sold 519 shares of the business’s stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $741.50, for a total value of $384,838.50. Following the completion of the sale, the insider directly owned 29,832 shares in the company, valued at approximately $22,120,428. The trade was a 1.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Javier Olivan sold 517 shares of the business’s stock in a transaction that occurred on 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 $7,506,666.72. This trade represents a 4.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 214,182 shares of company stock worth $164,955,168 in the last three months. 13.61% of the stock is owned by insiders.

Meta Platforms Price Performance

META stock opened at $727.05 on Friday. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.15. Meta Platforms, Inc. has a 52-week low of $479.80 and a 52-week high of $796.25. The stock’s 50 day moving average is $753.26 and its two-hundred day moving average is $673.93. The company has a market capitalization of $1.83 trillion, a PE ratio of 26.32, a P/E/G ratio of 1.50 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.75 by $1.39. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The company had revenue of $47.52 billion for the quarter, compared to the consensus estimate of $44.55 billion. During the same period in the previous year, the business earned $5.16 EPS. Meta Platforms’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. Analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were issued a dividend of $0.525 per share. The ex-dividend date was Monday, September 22nd. This represents a $2.10 annualized dividend and a yield of 0.3%. Meta Platforms’s payout ratio is currently 7.60%.

Wall Street Analysts Forecast Growth

META has been the topic of several research analyst reports. Loop Capital reaffirmed a “buy” rating and issued a $980.00 price objective (up from $888.00) on shares of Meta Platforms in a research note on Tuesday, August 5th. Sanford C. Bernstein lifted their price objective on Meta Platforms from $775.00 to $900.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. Truist Financial set a $880.00 price objective on Meta Platforms in a research note on Thursday, September 18th. Raymond James Financial lifted their price objective on Meta Platforms from $750.00 to $900.00 and gave the company a “strong-buy” rating in a research note on Thursday, July 31st. Finally, Canaccord Genuity Group lifted their price objective on Meta Platforms from $825.00 to $850.00 and gave the company a “buy” rating in a research note on Wednesday, July 16th. Four research analysts have rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Meta Platforms presently has an average rating of “Moderate Buy” and an average target price of $830.02.

Meta Platforms Company 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.