Marks Group Wealth Management Inc Trims Holdings in Meta Platforms, Inc. $META

Marks Group Wealth Management Inc trimmed its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 1.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,904 shares of the social networking company’s stock after selling 391 shares during the quarter. Meta Platforms makes up 1.5% of Marks Group Wealth Management Inc’s investment portfolio, making the stock its 7th largest position. Marks Group Wealth Management Inc’s holdings in Meta Platforms were worth $16,167,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Kingstone Capital Partners Texas LLC grew its stake in shares of Meta Platforms by 608,429.2% in the second quarter. Kingstone Capital Partners Texas LLC now owns 59,775,823 shares of the social networking company’s stock worth $44,119,937,000 after purchasing an additional 59,766,000 shares during the last quarter. Nuveen LLC bought a new stake in shares of Meta Platforms in the first quarter worth about $2,990,544,000. Amundi grew its stake in shares of Meta Platforms by 23.5% in the first quarter. Amundi now owns 7,733,061 shares of the social networking company’s stock worth $4,111,050,000 after purchasing an additional 1,470,070 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Meta Platforms by 8.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 15,575,962 shares of the social networking company’s stock worth $8,977,361,000 after buying an additional 1,255,546 shares during the last quarter. Finally, Strs Ohio bought a new stake in shares of Meta Platforms in the 1st quarter worth approximately $571,086,000. 79.91% of the stock is currently owned by institutional investors.

Meta Platforms Trading Up 1.5%

Meta Platforms stock opened at $715.70 on Tuesday. 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 business’s fifty day simple moving average is $750.98 and its two-hundred day simple moving average is $680.75. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25. The company has a market capitalization of $1.80 trillion, a price-to-earnings ratio of 25.91, a price-to-earnings-growth ratio of 1.47 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.75 by $1.39. The company had revenue of $47.52 billion for the quarter, compared to analysts’ expectations of $44.55 billion. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. Meta Platforms’s revenue was up 21.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, equities analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were paid 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 is currently 7.60%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on META shares. Barclays lifted their price target on shares of Meta Platforms from $640.00 to $810.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $920.00 target price on shares of Meta Platforms in a research note on Wednesday, September 17th. Pivotal Research lifted their price objective on Meta Platforms from $830.00 to $930.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Mizuho set a $925.00 price objective on Meta Platforms and gave the company an “outperform” rating in a research report on Monday, September 29th. Finally, Royal Bank Of Canada lifted their price objective on Meta Platforms from $740.00 to $840.00 and gave the company an “outperform” rating in a research 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 given a Hold rating to the company. According to MarketBeat.com, Meta Platforms presently has a consensus rating of “Moderate Buy” and a consensus price target of $830.68.

Insiders Place Their Bets

In related news, insider Christopher K. Cox sold 60,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $775.95, for a total value of $46,557,000.00. Following the transaction, the insider directly owned 237,205 shares of the company’s stock, valued at approximately $184,059,219.75. This represents a 20.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Susan J. Li sold 18,332 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $764.71, for a total value of $14,018,663.72. Following the completion of the transaction, the chief financial officer directly owned 84,141 shares in the company, valued at $64,343,464.11. This trade represents a 17.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 212,681 shares of company stock valued at $163,863,761. 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.