Valley Brook Capital Group Inc. Purchases 23 Shares of Meta Platforms, Inc. $META

Valley Brook Capital Group Inc. lifted its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 0.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,032 shares of the social networking company’s stock after buying an additional 23 shares during the quarter. Meta Platforms makes up 1.7% of Valley Brook Capital Group Inc.’s holdings, making the stock its 16th largest holding. Valley Brook Capital Group Inc.’s holdings in Meta Platforms were worth $2,238,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC boosted its position in Meta Platforms by 1.7% during the fourth quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company’s stock valued at $20,230,000 after purchasing an additional 570 shares in the last quarter. Revolve Wealth Partners LLC boosted its position in Meta Platforms by 10.2% during the fourth quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company’s stock valued at $5,537,000 after purchasing an additional 875 shares in the last quarter. GAMMA Investing LLC boosted its position in Meta Platforms by 16.7% during the first quarter. GAMMA Investing LLC now owns 40,691 shares of the social networking company’s stock valued at $23,453,000 after purchasing an additional 5,829 shares in the last quarter. 1776 Wealth LLC boosted its position in Meta Platforms by 137.2% during the first quarter. 1776 Wealth LLC now owns 1,167 shares of the social networking company’s stock valued at $673,000 after purchasing an additional 675 shares in the last quarter. Finally, Center For Asset Management LLC boosted its position in Meta Platforms by 0.5% during the first quarter. Center For Asset Management LLC now owns 4,390 shares of the social networking company’s stock valued at $2,530,000 after purchasing an additional 23 shares in the last quarter. Institutional investors own 79.91% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Loop Capital reaffirmed a “buy” rating and set a $980.00 price objective (up previously from $888.00) on shares of Meta Platforms in a research report on Tuesday, August 5th. Stifel Nicolaus raised their price objective on Meta Platforms from $845.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. UBS Group raised their price objective on Meta Platforms from $897.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. Hsbc Global Res raised Meta Platforms from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 31st. Finally, 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 report on Tuesday, October 7th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $829.66.

Meta Platforms Stock Up 0.2%

Meta Platforms stock opened at $733.27 on Wednesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.97 and a quick ratio of 1.97. The business has a 50 day simple moving average of $744.95 and a 200-day simple moving average of $686.70. The stock has a market capitalization of $1.84 trillion, a PE ratio of 26.55, a price-to-earnings-growth ratio of 1.53 and a beta of 1.20. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25.

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, topping the consensus estimate of $5.75 by $1.39. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The firm had revenue of $47.52 billion during the quarter, compared to analysts’ expectations of $44.55 billion. During the same period in the previous year, the business earned $5.16 earnings per share. The firm’s revenue for the quarter was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. On average, analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

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

Insider Buying and Selling

In other Meta Platforms news, CTO Andrew Bosworth sold 11,694 shares of the business’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $775.00, for a total transaction of $9,062,850.00. Following the transaction, the chief technology officer owned 1,799 shares of the company’s stock, valued at approximately $1,394,225. The trade was a 86.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Mark Zuckerberg sold 15,847 shares of the business’s stock in a transaction on Monday, August 4th. The stock was 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 213,146 shares of company stock worth $164,196,453. 13.61% of the stock is currently owned by corporate insiders.

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.