Petros Family Wealth LLC Raises Holdings in Meta Platforms, Inc. $META

Petros Family Wealth LLC raised its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 12.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,720 shares of the social networking company’s stock after buying an additional 186 shares during the period. Meta Platforms comprises about 1.2% of Petros Family Wealth LLC’s holdings, making the stock its 22nd largest holding. Petros Family Wealth LLC’s holdings in Meta Platforms were worth $1,270,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of META. Inlight Wealth Management LLC acquired a new stake in shares of Meta Platforms during the first quarter worth about $25,000. Barnes Dennig Private Wealth Management LLC purchased 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 shares of Meta Platforms during the 1st quarter worth approximately $33,000. Evergreen Private Wealth LLC raised its position in shares of Meta Platforms by 237.5% during the 2nd quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company’s stock worth $40,000 after purchasing an additional 38 shares during the last quarter. Finally, JCIC Asset Management Inc. raised its holdings in 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 acquiring an additional 40 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Meta Platforms news, COO Javier Olivan sold 517 shares of the firm’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of $704.81, for a total value of $364,386.77. Following the sale, the chief operating officer directly owned 9,509 shares in the company, valued at $6,702,038.29. This trade represents a 5.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Robert M. Kimmitt sold 465 shares of the firm’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $757.47, for a total transaction of $352,223.55. Following the completion of the sale, the director owned 8,412 shares in the company, valued at $6,371,837.64. This represents a 5.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 212,681 shares of company stock worth $163,863,761 in the last ninety days. Insiders own 13.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on META shares. Pivotal Research boosted their price objective on shares of Meta Platforms from $830.00 to $930.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Monness Crespi & Hardt upped their target price on shares of Meta Platforms from $780.00 to $860.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Canaccord Genuity Group increased their price objective on shares of Meta Platforms from $825.00 to $850.00 and gave the stock a “buy” rating in a research note on Wednesday, July 16th. Mizuho set a $925.00 price target on shares of Meta Platforms and gave the company an “outperform” rating in a research note on Monday, September 29th. Finally, Citizens Jmp increased their price objective on shares of 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 issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $830.68.

Meta Platforms Stock Up 1.5%

META stock opened at $715.70 on Tuesday. The company has a market cap of $1.80 trillion, a price-to-earnings ratio of 25.91, a PEG ratio of 1.47 and a beta of 1.20. The company has a 50 day moving average of $750.98 and a two-hundred day moving average of $680.75. The company has a quick ratio of 1.97, a current 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 quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share for the quarter, beating analysts’ consensus estimates of $5.75 by $1.39. The business had revenue of $47.52 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 21.6% on a year-over-year basis. During the same quarter last year, the firm earned $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. On average, equities analysts anticipate 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. Investors of record on Monday, September 22nd were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 0.3%. The ex-dividend date was Monday, September 22nd. Meta Platforms’s dividend payout ratio (DPR) is 7.60%.

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.