O Keefe Stevens Advisory Inc. Invests $218,000 in Meta Platforms, Inc. $META

O Keefe Stevens Advisory Inc. acquired a new position in Meta Platforms, Inc. (NASDAQ:META) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 295 shares of the social networking company’s stock, valued at approximately $218,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Talbot Financial LLC purchased a new stake in shares of Meta Platforms in the second quarter worth $204,000. Silvia Mccoll Wealth Management LLC purchased a new position in Meta Platforms during the second quarter valued at $238,000. Diligent Investors LLC grew its stake in Meta Platforms by 4.3% during the second quarter. Diligent Investors LLC now owns 6,804 shares of the social networking company’s stock valued at $5,022,000 after acquiring an additional 281 shares in the last quarter. Willner & Heller LLC grew its stake in Meta Platforms by 5.6% during the second quarter. Willner & Heller LLC now owns 863 shares of the social networking company’s stock valued at $637,000 after acquiring an additional 46 shares in the last quarter. Finally, McNaughton Wealth Management LLC grew its stake in Meta Platforms by 5.2% during the second quarter. McNaughton Wealth Management LLC now owns 2,377 shares of the social networking company’s stock valued at $1,754,000 after acquiring an additional 118 shares in the last quarter. 79.91% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Meta Platforms

In related news, COO Javier Olivan sold 517 shares of Meta Platforms stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $704.81, for a total transaction of $364,386.77. Following the completion of the sale, the chief operating officer owned 9,509 shares in the company, valued at $6,702,038.29. This trade represents a 5.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert M. Kimmitt sold 465 shares of Meta Platforms stock in a transaction dated 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 of the company’s stock, valued at $6,371,837.64. The trade was a 5.24% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 214,182 shares of company stock worth $164,946,219. 13.61% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on META shares. Citigroup reaffirmed an “outperform” rating on shares of Meta Platforms in a research note on Thursday, July 31st. Needham & Company LLC raised shares of Meta Platforms from an “underperform” rating to a “hold” rating in a research note on Thursday, July 3rd. Scotiabank raised their target price on shares of Meta Platforms from $675.00 to $685.00 and gave the company a “sector perform” rating in a research note on Thursday, July 31st. Truist Financial set a $880.00 target price on shares of Meta Platforms in a research note on Thursday, September 18th. Finally, Guggenheim reaffirmed a “buy” rating and set a $800.00 target price (up from $725.00) on shares of Meta Platforms in a research note on Monday, July 28th. 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 company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $830.68.

Meta Platforms Price Performance

Meta Platforms stock opened at $705.30 on Friday. The firm has a 50-day moving average price of $752.20 and a 200-day moving average price of $679.24. The firm has a market capitalization of $1.77 trillion, a PE ratio of 25.54, a price-to-earnings-growth ratio of 1.47 and a beta of 1.20. 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.

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, topping the consensus estimate of $5.75 by $1.39. The firm had revenue of $47.52 billion during the quarter, compared to analyst estimates of $44.55 billion. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The business’s revenue was up 21.6% on a year-over-year basis. During the same quarter last year, the business earned $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, equities research analysts forecast 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. Stockholders of record on Monday, September 22nd were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Monday, September 22nd. Meta Platforms’s dividend payout ratio (DPR) is 7.60%.

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.