Tcfg Wealth Management LLC Has $2.01 Million Stake in Meta Platforms, Inc. $META

Tcfg Wealth Management LLC boosted its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 5.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,722 shares of the social networking company’s stock after purchasing an additional 132 shares during the period. Meta Platforms accounts for approximately 0.9% of Tcfg Wealth Management LLC’s holdings, making the stock its 19th largest holding. Tcfg Wealth Management LLC’s holdings in Meta Platforms were worth $2,009,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Trueblood Wealth Management LLC increased its holdings in Meta Platforms by 3.0% during the 2nd quarter. Trueblood Wealth Management LLC now owns 1,154 shares of the social networking company’s stock valued at $852,000 after purchasing an additional 34 shares in the last quarter. Seamount Financial Group Inc. increased its stake in shares of Meta Platforms by 62.7% in the 2nd quarter. Seamount Financial Group Inc. now owns 1,559 shares of the social networking company’s stock valued at $1,150,000 after buying an additional 601 shares during the period. Bennett Associates Wealth Management acquired a new stake in shares of Meta Platforms in the 2nd quarter valued at $345,000. Regency Capital Management Inc. DE increased its stake in shares of Meta Platforms by 31.7% in the 2nd quarter. Regency Capital Management Inc. DE now owns 5,700 shares of the social networking company’s stock valued at $4,207,000 after buying an additional 1,373 shares during the period. Finally, Elm3 Financial Group LLC increased its stake in shares of Meta Platforms by 12.3% in the 2nd quarter. Elm3 Financial Group LLC now owns 801 shares of the social networking company’s stock valued at $591,000 after buying an additional 88 shares during the period. 79.91% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Christopher K. Cox sold 60,000 shares of the stock in a transaction that occurred 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 completion of 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Mark Zuckerberg sold 15,847 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $769.38, for a total value of $12,192,364.86. The disclosure for this sale can be found here. Over the last three months, insiders sold 212,681 shares of company stock valued at $163,863,761. 13.61% of the stock is currently owned by company insiders.

Meta Platforms Stock Performance

Shares of Meta Platforms stock opened at $708.65 on Wednesday. The firm has a market cap of $1.78 trillion, a price-to-earnings ratio of 25.66, a price-to-earnings-growth ratio of 1.49 and a beta of 1.20. The stock’s 50-day moving average is $749.89 and its 200-day moving average is $680.94. Meta Platforms, Inc. has a one year low of $479.80 and a one year high of $796.25. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.97 and a quick ratio of 1.97.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, beating analysts’ consensus estimates of $5.75 by $1.39. The company had revenue of $47.52 billion for the quarter, compared to analyst estimates of $44.55 billion. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The company’s quarterly revenue 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. Equities analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were given a dividend of $0.525 per share. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.10 annualized dividend and a yield of 0.3%. Meta Platforms’s dividend payout ratio is 7.60%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on META shares. Bank of America lifted their target price on Meta Platforms from $775.00 to $900.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Sanford C. Bernstein lifted their price objective on Meta Platforms from $775.00 to $900.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. Scotiabank lifted their price objective on Meta Platforms from $675.00 to $685.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 31st. Citigroup reaffirmed an “outperform” rating on shares of Meta Platforms in a research note on Thursday, July 31st. Finally, JMP Securities lifted their price objective on Meta Platforms from $750.00 to $900.00 and gave the stock a “market outperform” rating in a research note on Thursday, July 31st. 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 company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $830.68.

Meta Platforms Company 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.