626 Financial LLC Has $562,000 Stake in Meta Platforms, Inc. $META

626 Financial LLC raised its position in Meta Platforms, Inc. (NASDAQ:META) by 5.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 761 shares of the social networking company’s stock after purchasing an additional 38 shares during the quarter. 626 Financial LLC’s holdings in Meta Platforms were worth $562,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Kingstone Capital Partners Texas LLC grew its stake in 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 valued at $44,119,937,000 after purchasing an additional 59,766,000 shares in the last quarter. Nuveen LLC bought a new position in shares of Meta Platforms in the first quarter valued at $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 valued at $4,111,050,000 after buying an additional 1,470,070 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Meta Platforms by 8.8% in the first quarter. Goldman Sachs Group Inc. now owns 15,575,962 shares of the social networking company’s stock valued at $8,977,361,000 after buying an additional 1,255,546 shares in the last quarter. Finally, Strs Ohio bought a new position in shares of Meta Platforms in the first quarter valued at $571,086,000. Institutional investors and hedge funds own 79.91% of the company’s stock.

Insider Activity at Meta Platforms

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

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Citigroup reissued an “outperform” rating on shares of Meta Platforms in a research note on Thursday, July 31st. Cantor Fitzgerald reiterated an “overweight” rating and set a $920.00 price target on shares of Meta Platforms in a report on Wednesday, September 17th. Pivotal Research lifted their price target on Meta Platforms from $830.00 to $930.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Morgan Stanley lifted their price target on Meta Platforms from $750.00 to $850.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Finally, UBS Group lifted their price target on Meta Platforms from $897.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. Four equities 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $830.68.

Meta Platforms Trading Down 1.0%

Shares of NASDAQ:META opened at $708.65 on Wednesday. Meta Platforms, Inc. has a 12-month low of $479.80 and a 12-month high of $796.25. The stock has a market cap of $1.78 trillion, a PE ratio of 25.66, a P/E/G ratio of 1.49 and a beta of 1.20. The business has a 50 day moving average of $749.89 and a 200-day moving average of $680.94. 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 (NASDAQ:META) last issued its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.75 by $1.39. The business 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 revenue for the quarter was up 21.6% compared to the same quarter last year. During the same period in the previous year, the company posted $5.16 earnings per share. 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 earnings per share for the current year.

Meta Platforms Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 29th. Investors 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 payout ratio 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.