Wolff Wiese Magana LLC Grows Stock Holdings in Meta Platforms, Inc. $META

Wolff Wiese Magana LLC lifted its stake in Meta Platforms, Inc. (NASDAQ:META) by 5.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,632 shares of the social networking company’s stock after acquiring an additional 133 shares during the period. Meta Platforms makes up about 1.2% of Wolff Wiese Magana LLC’s holdings, making the stock its 26th largest holding. Wolff Wiese Magana LLC’s holdings in Meta Platforms were worth $1,943,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the stock. Inlight Wealth Management LLC purchased a new position in Meta Platforms during the first quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC bought a new position in Meta Platforms in the 1st quarter valued at $28,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Meta Platforms during the 1st quarter valued at $33,000. Evergreen Private Wealth LLC grew its position in shares of Meta Platforms by 237.5% during the 2nd quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company’s stock valued at $40,000 after purchasing an additional 38 shares in the last quarter. Finally, JCIC Asset Management Inc. increased its holdings in shares of Meta Platforms by 102.6% in the first quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company’s stock worth $46,000 after purchasing an additional 40 shares during the period. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Zacks Research lowered Meta Platforms from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 19th. Sanford C. Bernstein lifted their price target on Meta Platforms from $775.00 to $900.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. DA Davidson upped their price objective on shares of Meta Platforms from $650.00 to $825.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Piper Sandler lifted their price objective on shares of Meta Platforms from $808.00 to $880.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Finally, TD Cowen increased their price target on shares of Meta Platforms from $800.00 to $875.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Four investment analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Meta Platforms currently has a consensus rating of “Moderate Buy” and an average target price of $830.02.

Insider Activity at Meta Platforms

In other news, Director Robert M. Kimmitt sold 465 shares of the stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $757.47, for a total transaction of $352,223.55. Following the sale, the director owned 8,412 shares in the company, valued at $6,371,837.64. This represents a 5.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jennifer Newstead sold 519 shares of the firm’s stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $741.50, for a total transaction of $384,838.50. Following the sale, the insider directly owned 29,832 shares of the company’s stock, valued at $22,120,428. This trade represents a 1.71% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 214,182 shares of company stock valued at $164,955,168. 13.61% of the stock is owned by insiders.

Meta Platforms Price Performance

META stock 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 firm has a 50 day moving average price of $753.21 and a 200-day moving average price of $675.45. Meta Platforms, Inc. has a 52-week low of $479.80 and a 52-week high of $796.25. The firm has a market capitalization of $1.79 trillion, a price-to-earnings ratio of 25.73, a PEG ratio of 1.48 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 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 analyst estimates of $44.55 billion. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The firm’s revenue for the quarter was up 21.6% on a year-over-year basis. During the same quarter last year, the company earned $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. Equities research analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a yield of 0.3%. Meta Platforms’s 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.