Wheelhouse Advisory Group LLC Grows Stock Holdings in Meta Platforms, Inc. $META

Wheelhouse Advisory Group LLC grew its holdings in Meta Platforms, Inc. (NASDAQ:META) by 7.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 413 shares of the social networking company’s stock after acquiring an additional 27 shares during the period. Wheelhouse Advisory Group LLC’s holdings in Meta Platforms were worth $305,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Kingstone Capital Partners Texas LLC boosted its holdings in shares of Meta Platforms by 608,429.2% in the 2nd 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 acquiring an additional 59,766,000 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Meta Platforms by 2.3% in the 1st quarter. Invesco Ltd. now owns 17,669,795 shares of the social networking company’s stock valued at $10,184,163,000 after purchasing an additional 400,927 shares during the period. Goldman Sachs Group Inc. lifted its stake 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 valued at $8,977,361,000 after purchasing an additional 1,255,546 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Meta Platforms by 4.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 12,543,468 shares of the social networking company’s stock valued at $7,229,553,000 after purchasing an additional 536,160 shares during the period. Finally, Wellington Management Group LLP lifted its stake in shares of Meta Platforms by 2.5% in the 1st quarter. Wellington Management Group LLP now owns 10,041,171 shares of the social networking company’s stock valued at $5,787,329,000 after purchasing an additional 247,850 shares during the period. 79.91% of the stock is owned by hedge funds and other institutional investors.

Meta Platforms Price Performance

Meta Platforms stock opened at $717.55 on Thursday. Meta Platforms, Inc. has a 52-week low of $479.80 and a 52-week high of $796.25. The firm has a market capitalization of $1.80 trillion, a price-to-earnings ratio of 25.98, a PEG ratio of 1.48 and a beta of 1.20. The company has a fifty day simple moving average of $748.80 and a 200-day simple moving average of $681.19. 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 released its 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. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The business had revenue of $47.52 billion during the quarter, compared to analyst estimates of $44.55 billion. During the same quarter in the prior year, the firm earned $5.16 earnings per share. The company’s revenue for the quarter was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. On average, equities analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

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

Insider Activity at Meta Platforms

In related news, insider Jennifer Newstead sold 519 shares of the company’s stock in a transaction dated Tuesday, October 7th. The shares were sold at an average price of $716.98, for a total value of $372,112.62. Following the completion of the sale, the insider owned 29,313 shares of the company’s stock, valued at approximately $21,016,834.74. This represents a 1.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Javier Olivan sold 517 shares of the company’s stock in a transaction dated Monday, October 13th. The shares were sold at an average price of $713.34, for a total transaction of $368,796.78. Following the completion of the sale, the chief operating officer directly owned 8,992 shares of the company’s stock, valued at $6,414,353.28. This represents a 5.44% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 213,198 shares of company stock valued at $164,232,558. 13.61% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Robert W. Baird boosted their target price on shares of Meta Platforms from $635.00 to $740.00 and gave the company an “outperform” rating in a research note on Wednesday, July 2nd. DA Davidson boosted their target price on shares of Meta Platforms from $650.00 to $825.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Wells Fargo & Company boosted their target price on shares of Meta Platforms from $811.00 to $837.00 and gave the company an “overweight” rating in a research note on Tuesday, October 7th. BMO Capital Markets boosted their target price on shares of Meta Platforms from $610.00 to $710.00 and gave the company a “market perform” rating in a research note on Thursday, July 31st. Finally, Pivotal Research upped their price objective on shares of Meta Platforms from $830.00 to $930.00 and gave the stock a “buy” rating in a research report 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 assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $830.68.

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.