Meta Platforms, Inc. $META Shares Bought by Spirepoint Private Client LLC

Spirepoint Private Client LLC boosted its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 2.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,080 shares of the social networking company’s stock after buying an additional 109 shares during the period. Spirepoint Private Client LLC’s holdings in Meta Platforms were worth $3,011,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC grew its stake in Meta Platforms by 608,429.2% during 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 purchasing an additional 59,766,000 shares during the last quarter. Invesco Ltd. grew its stake in Meta Platforms by 2.3% during the 1st quarter. Invesco Ltd. now owns 17,669,795 shares of the social networking company’s stock valued at $10,184,163,000 after purchasing an additional 400,927 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Meta Platforms by 8.8% during 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 purchasing an additional 1,255,546 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Meta Platforms by 4.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 12,543,468 shares of the social networking company’s stock valued at $7,229,553,000 after purchasing an additional 536,160 shares during the last quarter. Finally, Wellington Management Group LLP grew its stake in Meta Platforms by 2.5% during the 1st quarter. Wellington Management Group LLP now owns 10,041,171 shares of the social networking company’s stock valued at $5,787,329,000 after purchasing an additional 247,850 shares during the last quarter. 79.91% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Jennifer Newstead sold 519 shares of Meta Platforms stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $741.50, for a total transaction of $384,838.50. Following the transaction, the insider owned 29,832 shares in the company, valued at $22,120,428. The trade was a 1.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert M. Kimmitt sold 465 shares of Meta Platforms stock in a transaction on Monday, September 15th. The stock was sold at an average price of $757.47, for a total value of $352,223.55. Following the transaction, the director owned 8,412 shares in the company, valued at approximately $6,371,837.64. This represents a 5.24% decrease in their position. The disclosure for this sale can be found here. Insiders sold 214,182 shares of company stock valued at $164,955,168 in the last three months. 13.61% of the stock is currently owned by insiders.

Meta Platforms Stock Performance

NASDAQ:META opened at $727.05 on Friday. The company 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. The company’s 50-day moving average price is $753.26 and its 200-day moving average price is $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.

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

Meta Platforms Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were issued a $0.525 dividend. 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 is presently 7.60%.

Analysts Set New Price Targets

META has been the topic of several research analyst reports. Wedbush boosted their price target on Meta Platforms from $750.00 to $920.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. Barclays boosted 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. Truist Financial set a $880.00 target price on Meta Platforms in a report on Thursday, September 18th. Bank of America raised their target price on Meta Platforms from $775.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Finally, DA Davidson raised their target price on Meta Platforms from $650.00 to $825.00 and gave the stock a “buy” rating in a report 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 issued a Hold rating to the stock. According to data from MarketBeat, Meta Platforms presently has an average rating of “Moderate Buy” and an average target price of $830.02.

About Meta Platforms

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.