Gray Private Wealth LLC Acquires 241 Shares of Meta Platforms, Inc. $META

Gray Private Wealth LLC lifted its holdings in Meta Platforms, Inc. (NASDAQ:META) by 47.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 749 shares of the social networking company’s stock after buying an additional 241 shares during the quarter. Meta Platforms makes up about 0.3% of Gray Private Wealth LLC’s portfolio, making the stock its 24th biggest position. Gray Private Wealth LLC’s holdings in Meta Platforms were worth $553,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Pachira Investments Inc. raised its holdings in shares of Meta Platforms by 3.0% in the second quarter. Pachira Investments Inc. now owns 488 shares of the social networking company’s stock worth $360,000 after buying an additional 14 shares during the period. Shelton Wealth Management LLC boosted its holdings in shares of Meta Platforms by 0.9% in the second quarter. Shelton Wealth Management LLC now owns 1,764 shares of the social networking company’s stock valued at $1,302,000 after purchasing an additional 15 shares during the period. Myecfo LLC boosted its holdings in shares of Meta Platforms by 2.0% in the second quarter. Myecfo LLC now owns 776 shares of the social networking company’s stock valued at $573,000 after purchasing an additional 15 shares during the period. Kooman & Associates boosted its holdings in shares of Meta Platforms by 2.8% in the second quarter. Kooman & Associates now owns 544 shares of the social networking company’s stock valued at $402,000 after purchasing an additional 15 shares during the period. Finally, Nabity Jensen Investment Management Inc boosted its holdings in shares of Meta Platforms by 1.1% in the second quarter. Nabity Jensen Investment Management Inc now owns 1,378 shares of the social networking company’s stock valued at $1,017,000 after purchasing an additional 15 shares during the period. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on META. Piper Sandler boosted their price target on Meta Platforms from $808.00 to $880.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Canaccord Genuity Group boosted their price target on Meta Platforms from $825.00 to $850.00 and gave the company a “buy” rating in a report on Wednesday, July 16th. Wedbush boosted their price target on Meta Platforms from $750.00 to $920.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Monness Crespi & Hardt boosted their price target on Meta Platforms from $780.00 to $860.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Finally, KeyCorp boosted their price target on Meta Platforms from $800.00 to $905.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $830.68.

Meta Platforms Stock Performance

Shares of META opened at $705.30 on Friday. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15. The stock has a fifty day moving average price of $752.20 and a 200-day moving average price of $678.77. 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 $1.77 trillion, a PE ratio of 25.54, a P/E/G ratio of 1.53 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last released its earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period in the prior year, the firm earned $5.16 EPS. The firm’s revenue was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. Equities research analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

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

Insider Transactions at Meta Platforms

In related news, CFO Susan J. Li sold 18,332 shares of the company’s stock in a transaction 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 transaction, the chief financial officer directly owned 84,141 shares of the company’s stock, valued at $64,343,464.11. This represents a 17.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Andrew Bosworth sold 11,694 shares of the company’s stock in a transaction 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 directly owned 1,799 shares in the company, valued at approximately $1,394,225. The trade was a 86.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 214,182 shares of company stock valued at $164,946,219 in the last quarter. Insiders own 13.61% of the company’s stock.

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.