Cyr Financial Inc. Increases Stock Holdings in Meta Platforms, Inc. $META

Cyr Financial Inc. increased its holdings in Meta Platforms, Inc. (NASDAQ:META) by 30.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,412 shares of the social networking company’s stock after acquiring an additional 330 shares during the quarter. Meta Platforms comprises approximately 0.8% of Cyr Financial Inc.’s portfolio, making the stock its 23rd biggest position. Cyr Financial Inc.’s holdings in Meta Platforms were worth $1,042,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Oakworth Capital Inc. lifted its stake in Meta Platforms by 80.6% in the second quarter. Oakworth Capital Inc. now owns 2,090 shares of the social networking company’s stock worth $1,543,000 after acquiring an additional 933 shares during the period. Baron Silver Stevens Financial Advisors LLC raised its holdings in Meta Platforms by 18.3% in the second quarter. Baron Silver Stevens Financial Advisors LLC now owns 3,181 shares of the social networking company’s stock worth $2,348,000 after purchasing an additional 493 shares in the last quarter. Invesco LLC raised its holdings in Meta Platforms by 19.5% in the second quarter. Invesco LLC now owns 4,367 shares of the social networking company’s stock worth $3,223,000 after purchasing an additional 713 shares in the last quarter. SWS Partners raised its holdings in Meta Platforms by 0.9% in the second quarter. SWS Partners now owns 4,504 shares of the social networking company’s stock worth $3,325,000 after purchasing an additional 38 shares in the last quarter. Finally, Wolff Wiese Magana LLC raised its holdings in Meta Platforms by 5.3% in the second quarter. Wolff Wiese Magana LLC now owns 2,632 shares of the social networking company’s stock worth $1,943,000 after purchasing an additional 133 shares in the last quarter. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on META shares. Stifel Nicolaus increased their price objective on Meta Platforms from $845.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. UBS Group increased their price objective on Meta Platforms from $812.00 to $897.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Cantor Fitzgerald reiterated an “overweight” rating and issued a $920.00 price objective on shares of Meta Platforms in a report on Wednesday, September 17th. Sanford C. Bernstein increased their price objective on Meta Platforms from $775.00 to $900.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. Finally, Bank of America increased their price objective on Meta Platforms from $775.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $830.02.

Insiders Place Their Bets

In related news, CEO Mark Zuckerberg sold 15,847 shares of the business’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $753.43, for a total value of $11,939,605.21. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Susan J. Li sold 18,332 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $764.71, for a total value of $14,018,663.72. Following the completion of the transaction, the chief financial officer directly owned 84,141 shares in the company, 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 sold a total of 214,182 shares of company stock valued at $164,955,168 in the last 90 days. 13.61% of the stock is currently owned by company insiders.

Meta Platforms Stock Down 2.3%

NASDAQ META opened at $710.56 on Friday. The stock’s 50 day moving average is $753.21 and its 200 day moving average is $675.45. 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, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25. The stock has a market cap of $1.79 trillion, a PE ratio of 25.73, a P/E/G ratio of 1.48 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 EPS 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 company had revenue of $47.52 billion for the quarter, compared to analysts’ expectations of $44.55 billion. During the same period in the previous year, the firm earned $5.16 EPS. The firm’s revenue was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. Research analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Announces Dividend

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

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.