Cross Staff Investments Inc Acquires 200 Shares of Meta Platforms, Inc. $META

Cross Staff Investments Inc grew its holdings in Meta Platforms, Inc. (NASDAQ:META) by 49.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 607 shares of the social networking company’s stock after purchasing an additional 200 shares during the period. Cross Staff Investments Inc’s holdings in Meta Platforms were worth $448,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Pachira Investments Inc. increased its holdings in shares of Meta Platforms by 3.0% in the 2nd quarter. Pachira Investments Inc. now owns 488 shares of the social networking company’s stock worth $360,000 after purchasing an additional 14 shares in the last quarter. Shelton Wealth Management LLC boosted its stake in shares of Meta Platforms by 0.9% in the 2nd quarter. Shelton Wealth Management LLC now owns 1,764 shares of the social networking company’s stock worth $1,302,000 after buying an additional 15 shares during the last quarter. Myecfo LLC boosted its stake in shares of Meta Platforms by 2.0% in the 2nd quarter. Myecfo LLC now owns 776 shares of the social networking company’s stock worth $573,000 after buying an additional 15 shares during the last quarter. Kooman & Associates boosted its stake in shares of Meta Platforms by 2.8% in the 2nd quarter. Kooman & Associates now owns 544 shares of the social networking company’s stock worth $402,000 after buying an additional 15 shares during the last quarter. Finally, Nabity Jensen Investment Management Inc boosted its stake in shares of Meta Platforms by 1.1% in the 2nd quarter. Nabity Jensen Investment Management Inc now owns 1,378 shares of the social networking company’s stock worth $1,017,000 after buying an additional 15 shares during the last quarter. Institutional investors own 79.91% of the company’s stock.

Meta Platforms Price Performance

Shares of Meta Platforms stock opened at $732.17 on Tuesday. The stock’s 50-day simple moving average is $746.08 and its 200-day simple moving average is $686.38. Meta Platforms, Inc. has a 52 week low of $479.80 and a 52 week high of $796.25. The company has a market capitalization of $1.84 trillion, a price-to-earnings ratio of 26.51, a PEG ratio of 1.50 and a beta of 1.20. 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 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 company had revenue of $47.52 billion for the quarter, compared to the consensus estimate of $44.55 billion. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The firm’s quarterly revenue was up 21.6% on a year-over-year basis. During the same quarter last year, the company earned $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, analysts expect 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 given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Monday, September 22nd. Meta Platforms’s payout ratio is currently 7.60%.

Insider Buying and Selling

In related news, insider Jennifer Newstead sold 519 shares of the business’s stock in a transaction dated Tuesday, October 14th. The stock was sold at an average price of $707.85, for a total value of $367,374.15. Following the sale, the insider directly owned 28,794 shares in the company, valued at approximately $20,381,832.90. The trade was a 1.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert M. Kimmitt sold 465 shares of the business’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $716.97, for a total value of $333,391.05. Following the sale, the director directly owned 7,947 shares in the company, valued at $5,697,760.59. The trade was a 5.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 213,146 shares of company stock worth $164,196,453. Corporate insiders own 13.61% of the company’s stock.

Wall Street Analyst Weigh In

META has been the topic of a number of research reports. JPMorgan Chase & Co. raised their price target on Meta Platforms from $795.00 to $875.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. Oppenheimer dropped their price target on Meta Platforms from $870.00 to $825.00 and set an “outperform” rating on the stock in a research note on Monday. Weiss Ratings restated a “buy (b)” rating on shares of Meta Platforms in a research note on Wednesday, October 8th. Wells Fargo & Company raised their price target on Meta Platforms from $811.00 to $837.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 7th. Finally, Sanford C. Bernstein raised their price target on Meta Platforms from $775.00 to $900.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. Four 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 company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $829.66.

About Meta Platforms

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.