Whelan Financial Has $2.62 Million Stake in Meta Platforms, Inc. $META

Whelan Financial increased its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 7.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,552 shares of the social networking company’s stock after buying an additional 233 shares during the quarter. Meta Platforms comprises approximately 0.9% of Whelan Financial’s investment portfolio, making the stock its 13th biggest position. Whelan Financial’s holdings in Meta Platforms were worth $2,622,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Inlight Wealth Management LLC acquired a new position in shares of Meta Platforms in the 1st quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Meta Platforms during the 1st quarter worth approximately $28,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in Meta Platforms during the first quarter valued at approximately $33,000. Evergreen Private Wealth LLC raised its position in Meta Platforms by 237.5% during the second 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. boosted its holdings 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 purchasing an additional 40 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Meta Platforms Trading Down 3.8%

NASDAQ:META opened at $705.30 on Friday. The company has a market cap of $1.77 trillion, a P/E ratio of 25.54, a P/E/G ratio of 1.53 and a beta of 1.20. The stock’s fifty day moving average price is $752.20 and its two-hundred day moving average price is $678.77. Meta Platforms, Inc. has a 1 year low of $479.80 and a 1 year high of $796.25. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.97 and a quick ratio of 1.97.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings results 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. The company had revenue of $47.52 billion during the quarter, compared to analysts’ expectations of $44.55 billion. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The firm’s quarterly revenue was up 21.6% compared to the same quarter last year. During the same period in the previous year, the business earned $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Shareholders 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 currently 7.60%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Wedbush boosted their price target on Meta Platforms from $750.00 to $920.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. Bank of America lifted their price objective on Meta Platforms from $775.00 to $900.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Canaccord Genuity Group increased their price target on Meta Platforms from $825.00 to $850.00 and gave the stock a “buy” rating in a report on Wednesday, July 16th. Citigroup restated an “outperform” rating on shares of Meta Platforms in a report on Thursday, July 31st. Finally, Loop Capital reiterated a “buy” rating and set a $980.00 price objective (up from $888.00) on shares of Meta Platforms in a report on Tuesday, August 5th. Four 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 stock. According to MarketBeat.com, Meta Platforms has an average rating of “Moderate Buy” and an average target price of $830.68.

Insider Activity

In other news, CTO Andrew Bosworth sold 11,694 shares of the business’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $775.00, for a total transaction 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 $1,394,225. The trade was a 86.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Mark Zuckerberg sold 15,847 shares of the business’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $769.38, for a total value of $12,192,364.86. The disclosure for this sale can be found here. Insiders have sold 214,182 shares of company stock valued at $164,946,219 over the last 90 days. Company 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.