Tritonpoint Wealth LLC Buys 41 Shares of Meta Platforms, Inc. $META

Tritonpoint Wealth LLC lifted its stake in Meta Platforms, Inc. (NASDAQ:META) by 0.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,911 shares of the social networking company’s stock after acquiring an additional 41 shares during the period. Tritonpoint Wealth LLC’s holdings in Meta Platforms were worth $5,839,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC grew its holdings in shares of 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 worth $44,119,937,000 after purchasing an additional 59,766,000 shares in the last quarter. Nuveen LLC bought a new position in shares of Meta Platforms during the 1st quarter worth approximately $2,990,544,000. Assenagon Asset Management S.A. raised its position 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 purchasing an additional 2,225,186 shares during the last quarter. Amundi raised its position 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 purchasing an additional 1,470,070 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of Meta Platforms by 8.8% during the first quarter. Goldman Sachs Group Inc. now owns 15,575,962 shares of the social networking company’s stock worth $8,977,361,000 after acquiring an additional 1,255,546 shares during the last quarter. 79.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Oppenheimer upped their price objective on Meta Platforms from $775.00 to $870.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. UBS Group upped their price objective on Meta Platforms from $812.00 to $897.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. 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 report on Thursday, July 31st. HSBC upgraded Meta Platforms from a “hold” rating to a “buy” rating and upped their price objective for the company from $610.00 to $900.00 in a research note on Thursday, July 31st. Finally, Monness Crespi & Hardt increased their target price on Meta Platforms from $780.00 to $860.00 and gave the stock a “buy” rating in a research note 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 issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $830.02.

Insider Transactions at Meta Platforms

In related news, insider Christopher K. Cox sold 60,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $775.95, for a total value of $46,557,000.00. Following the transaction, the insider owned 237,205 shares in the company, valued at approximately $184,059,219.75. This represents a 20.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Andrew Bosworth sold 11,694 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $775.00, for a total value of $9,062,850.00. Following the completion of the transaction, the chief technology officer owned 1,799 shares in the company, valued at approximately $1,394,225. The trade was a 86.67% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 214,182 shares of company stock worth $164,955,168 in the last ninety days. Company insiders own 13.61% of the company’s stock.

Meta Platforms Stock Performance

Shares of META opened at $710.56 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.97. The stock has a 50 day moving average price of $753.21 and a two-hundred day moving average price of $674.82. The firm has a market capitalization of $1.79 trillion, a P/E ratio of 25.73, a P/E/G ratio of 1.52 and a beta of 1.20. Meta Platforms, Inc. has a 52 week low of $479.80 and a 52 week high of $796.25.

Meta Platforms (NASDAQ:META) last announced its 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 for the quarter, compared to the consensus estimate of $44.55 billion. During the same quarter in the previous year, the business earned $5.16 EPS. The company’s revenue was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. Equities analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors 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 yield of 0.3%. Meta Platforms’s dividend payout ratio is presently 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.