Check Capital Management Inc. CA Acquires New Holdings in Meta Platforms, Inc. $META

Check Capital Management Inc. CA acquired a new stake in shares of Meta Platforms, Inc. (NASDAQ:META) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 336 shares of the social networking company’s stock, valued at approximately $248,000.

Several other hedge funds also recently bought and sold shares of the company. Inlight Wealth Management LLC purchased a new position in Meta Platforms in the 1st quarter worth approximately $25,000. Barnes Dennig Private Wealth Management LLC purchased a new position in Meta Platforms in the 1st quarter worth approximately $28,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in Meta Platforms in the 1st quarter worth approximately $33,000. Evergreen Private Wealth LLC lifted its holdings in shares of Meta Platforms by 237.5% in the 2nd quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company’s stock worth $40,000 after acquiring an additional 38 shares during the last quarter. Finally, JCIC Asset Management Inc. lifted its holdings in shares of Meta Platforms by 102.6% in the 1st quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company’s stock worth $46,000 after acquiring an additional 40 shares during the last quarter. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Insider Activity at Meta Platforms

In related news, Director Robert M. Kimmitt sold 465 shares of the stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $716.97, for a total transaction of $333,391.05. Following the sale, the director directly owned 7,947 shares of the company’s stock, valued at approximately $5,697,760.59. This represents a 5.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Javier Olivan sold 517 shares of the 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 sale, the chief operating officer directly owned 8,992 shares in the company, valued at $6,414,353.28. This trade represents a 5.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 213,146 shares of company stock valued at $164,196,453. 13.61% of the stock is owned by insiders.

Meta Platforms Stock Up 0.2%

NASDAQ:META opened at $733.27 on Wednesday. The firm’s 50-day moving average price is $744.95 and its 200-day moving average price is $686.70. The company has a market capitalization of $1.84 trillion, a PE ratio of 26.55, a P/E/G ratio of 1.53 and a beta of 1.20. 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, Inc. has a 1-year low of $479.80 and a 1-year high of $796.25.

Meta Platforms (NASDAQ:META) last released its earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share for the quarter, topping analysts’ consensus estimates of $5.75 by $1.39. The firm 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%. The company’s revenue was up 21.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. On average, equities analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently disclosed 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. This represents a $2.10 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Monday, September 22nd. Meta Platforms’s dividend payout ratio is 7.60%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on META. Pivotal Research boosted their price objective on shares of Meta Platforms from $830.00 to $930.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Canaccord Genuity Group boosted their price objective on shares of Meta Platforms from $825.00 to $850.00 and gave the stock a “buy” rating in a report on Wednesday, July 16th. Scotiabank boosted their price objective on shares of Meta Platforms from $675.00 to $685.00 and gave the stock a “sector perform” rating in a report on Thursday, July 31st. Piper Sandler upped their price target on shares of Meta Platforms from $808.00 to $880.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Finally, Mizuho set a $925.00 price target on shares of Meta Platforms and gave the company an “outperform” rating in a report on Monday, September 29th. Four analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Meta Platforms presently has a consensus rating of “Moderate Buy” and an average price target 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.