Beacon Capital Management LLC Has $2.10 Million Stock Position in Meta Platforms, Inc. $META

Beacon Capital Management LLC raised its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 1.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,839 shares of the social networking company’s stock after purchasing an additional 35 shares during the quarter. Meta Platforms accounts for 0.3% of Beacon Capital Management LLC’s portfolio, making the stock its 25th largest holding. Beacon Capital Management LLC’s holdings in Meta Platforms were worth $2,096,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Inlight Wealth Management LLC bought a new position in shares of Meta Platforms in the first quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Meta Platforms in the 1st quarter valued at $28,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Meta Platforms in the 1st quarter valued at $33,000. Evergreen Private Wealth LLC increased its position 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 buying an additional 38 shares in the last quarter. Finally, JCIC Asset Management Inc. increased its position 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 buying an additional 40 shares in the last quarter. 79.91% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Meta Platforms news, COO Javier Olivan sold 517 shares of the company’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 directly owned 10,026 shares of the company’s stock, valued at approximately $7,506,666.72. This represents a 4.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jennifer Newstead sold 519 shares of the company’s stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $741.50, for a total transaction of $384,838.50. Following the completion of the sale, the insider directly owned 29,832 shares of the company’s stock, valued at $22,120,428. The trade was a 1.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 214,182 shares of company stock valued at $164,955,168. Corporate insiders own 13.61% of the company’s stock.

Wall Street Analyst Weigh In

META has been the subject of a number of research reports. UBS Group increased their target price on Meta Platforms from $812.00 to $897.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. KeyCorp raised their price objective on shares of Meta Platforms from $800.00 to $905.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Royal Bank Of Canada raised their price objective on shares of Meta Platforms from $740.00 to $840.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. JMP Securities raised their price objective on shares of Meta Platforms from $750.00 to $900.00 and gave the stock a “market outperform” rating in a research report on Thursday, July 31st. Finally, Sanford C. Bernstein raised their price objective on shares of Meta Platforms from $775.00 to $900.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Four research analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $830.02.

Meta Platforms Price Performance

META stock opened at $710.56 on Friday. The company’s fifty day simple moving average is $753.21 and its 200 day simple moving average is $674.82. Meta Platforms, Inc. has a 12-month low of $479.80 and a 12-month high of $796.25. The firm has a market cap of $1.79 trillion, a price-to-earnings ratio of 25.73, a PEG ratio of 1.52 and a beta of 1.20. 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 (NASDAQ:META) last announced its quarterly earnings data 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. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The firm had revenue of $47.52 billion for the quarter, compared to analyst estimates of $44.55 billion. During the same quarter in the prior year, the business earned $5.16 earnings per share. The business’s quarterly revenue was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. On average, analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Dividend Announcement

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

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.