McNaughton Wealth Management LLC grew its position in shares of Meta Platforms, Inc. (NASDAQ:META – Free Report) by 5.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,377 shares of the social networking company’s stock after purchasing an additional 118 shares during the quarter. McNaughton Wealth Management LLC’s holdings in Meta Platforms were worth $1,754,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in META. Brighton Jones LLC lifted its stake in shares of Meta Platforms by 1.7% in the fourth quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company’s stock worth $20,230,000 after acquiring an additional 570 shares during the period. Revolve Wealth Partners LLC lifted its stake in shares of Meta Platforms by 10.2% in the fourth quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company’s stock worth $5,537,000 after acquiring an additional 875 shares during the period. GAMMA Investing LLC lifted its stake in shares of Meta Platforms by 16.7% in the first quarter. GAMMA Investing LLC now owns 40,691 shares of the social networking company’s stock worth $23,453,000 after acquiring an additional 5,829 shares during the period. Thomasville National Bank lifted its stake in shares of Meta Platforms by 1.0% in the first quarter. Thomasville National Bank now owns 39,704 shares of the social networking company’s stock worth $22,884,000 after acquiring an additional 407 shares during the period. Finally, RFG Holdings Inc. increased its holdings in Meta Platforms by 12.3% in the first quarter. RFG Holdings Inc. now owns 2,389 shares of the social networking company’s stock worth $1,378,000 after purchasing an additional 262 shares in the last quarter. 79.91% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
META has been the subject of a number of research analyst reports. Scotiabank lifted their target price on Meta Platforms from $675.00 to $685.00 and gave the stock a “sector perform” rating in a report on Thursday, July 31st. Sanford C. Bernstein lifted their target price on Meta Platforms from $775.00 to $900.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. Roth Capital boosted their price objective on Meta Platforms from $620.00 to $740.00 and gave the company a “buy” rating in a report on Tuesday, July 8th. DA Davidson boosted their price objective on Meta Platforms from $650.00 to $825.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Finally, Citizens Jmp boosted their price objective on Meta Platforms from $750.00 to $900.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Four research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Meta Platforms presently has a consensus rating of “Moderate Buy” and a consensus target price of $830.68.
Meta Platforms Stock Down 3.8%
META stock opened at $705.30 on Friday. The stock’s fifty day simple moving average is $752.20 and its two-hundred day simple moving average is $679.24. 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 1-year low of $479.80 and a 1-year high of $796.25. The stock has a market cap of $1.77 trillion, a P/E ratio of 25.54, a P/E/G ratio of 1.47 and a beta of 1.20.
Meta Platforms (NASDAQ:META – Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 earnings per share for the quarter, topping 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 business had revenue of $47.52 billion for the quarter, compared to analysts’ expectations of $44.55 billion. During the same quarter in the previous year, the firm earned $5.16 earnings per share. The business’s revenue was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. Analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current year.
Meta Platforms Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis 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 currently 7.60%.
Insider Transactions at Meta Platforms
In other news, insider Christopher K. Cox sold 60,000 shares of the company’s stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $775.95, for a total transaction of $46,557,000.00. Following the transaction, the insider owned 237,205 shares of the company’s stock, valued at $184,059,219.75. This represents a 20.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Andrew Bosworth sold 11,694 shares of the stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $775.00, for a total value of $9,062,850.00. Following the sale, the chief technology officer directly owned 1,799 shares in the company, valued at $1,394,225. This trade represents a 86.67% decrease in their position. The disclosure for this sale can be found here. Insiders sold 214,182 shares of company stock worth $164,946,219 over the last quarter. 13.61% of the stock is currently owned by corporate insiders.
About Meta Platforms
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.
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