Riverbend Wealth Management LLC Acquires 82 Shares of Meta Platforms, Inc. $META

Riverbend Wealth Management LLC increased its holdings in Meta Platforms, Inc. (NASDAQ:META) by 3.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,659 shares of the social networking company’s stock after purchasing an additional 82 shares during the quarter. Meta Platforms makes up 1.5% of Riverbend Wealth Management LLC’s investment portfolio, making the stock its 17th biggest holding. Riverbend Wealth Management LLC’s holdings in Meta Platforms were worth $1,963,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of META. Kingstone Capital Partners Texas LLC grew its stake in shares of Meta Platforms by 608,429.2% in the second quarter. Kingstone Capital Partners Texas LLC now owns 59,775,823 shares of the social networking company’s stock worth $44,119,937,000 after purchasing an additional 59,766,000 shares during the last quarter. Nuveen LLC acquired a new position in Meta Platforms in the first quarter valued at $2,990,544,000. Amundi lifted its holdings in Meta Platforms by 23.5% in the first quarter. Amundi now owns 7,733,061 shares of the social networking company’s stock valued at $4,111,050,000 after buying an additional 1,470,070 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Meta Platforms by 8.8% in the first 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 buying an additional 1,255,546 shares during the period. Finally, Strs Ohio acquired a new position in Meta Platforms in the first quarter valued at $571,086,000. Institutional investors own 79.91% of the company’s stock.

Meta Platforms Price Performance

META stock opened at $738.36 on Monday. The stock has a market capitalization of $1.85 trillion, a PE ratio of 26.73, a price-to-earnings-growth ratio of 1.57 and a beta of 1.20. The company’s 50-day moving average is $742.11 and its 200-day moving average is $692.08. 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 quarterly earnings data 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. The company had revenue of $47.52 billion for the quarter, compared to analysts’ expectations of $44.55 billion. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The business’s revenue was up 21.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. Equities research analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were issued 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 dividend payout ratio is currently 7.60%.

Insider Buying and Selling

In related news, insider Jennifer Newstead sold 519 shares of the company’s stock in a transaction dated Tuesday, October 21st. The shares were sold at an average price of $736.37, for a total value of $382,176.03. Following the sale, the insider owned 28,275 shares in the company, valued at $20,820,861.75. This represents a 1.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Javier Olivan sold 517 shares of the company’s stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $721.30, for a total transaction of $372,912.10. Following the completion of the sale, the chief operating officer owned 8,475 shares in the company, valued at $6,113,017.50. This represents a 5.75% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 213,665 shares of company stock worth $164,581,886 in the last quarter. Insiders own 13.61% of the company’s stock.

Analyst Ratings Changes

META has been the topic of several recent analyst reports. Stifel Nicolaus boosted their target price on shares of Meta Platforms from $845.00 to $900.00 and gave the company a “buy” rating in a report on Thursday, July 31st. KeyCorp boosted their target price on shares of Meta Platforms from $800.00 to $905.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. 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 report on Thursday, July 31st. Weiss Ratings restated a “buy (b)” rating on shares of Meta Platforms in a report on Saturday. Finally, Hsbc Global Res upgraded shares of Meta Platforms from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 31st. Five analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $829.66.

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.