Meta Platforms, Inc. $META Shares Acquired by Kondo Wealth Advisors Inc.

Kondo Wealth Advisors Inc. raised its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 2.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 759 shares of the social networking company’s stock after purchasing an additional 21 shares during the period. Kondo Wealth Advisors Inc.’s holdings in Meta Platforms were worth $546,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in META. Pachira Investments Inc. grew its position in Meta Platforms by 3.0% in the 2nd quarter. Pachira Investments Inc. now owns 488 shares of the social networking company’s stock valued at $360,000 after buying an additional 14 shares in the last quarter. Hemington Wealth Management boosted its holdings in shares of Meta Platforms by 0.6% in the second quarter. Hemington Wealth Management now owns 2,223 shares of the social networking company’s stock worth $1,641,000 after buying an additional 14 shares during the period. Shelton Wealth Management LLC raised its stake in Meta Platforms by 0.9% during the 2nd quarter. Shelton Wealth Management LLC now owns 1,764 shares of the social networking company’s stock valued at $1,302,000 after purchasing an additional 15 shares during the period. Myecfo LLC lifted its stake in 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 acquiring an additional 15 shares in the last quarter. Finally, Kooman & Associates lifted its position in 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 in the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on META shares. Wedbush raised their price objective on shares of Meta Platforms from $750.00 to $920.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. Bank of America raised their price objective on Meta Platforms from $775.00 to $900.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. KeyCorp upped their price objective on Meta Platforms from $800.00 to $905.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Scotiabank raised 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. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $920.00 price objective on shares of Meta Platforms in a research report on Thursday, October 16th. Five analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $829.66.

Insider Activity

In related news, CEO Mark Zuckerberg sold 15,847 shares of the firm’s stock in a transaction on Friday, August 1st. The stock was sold at an average price of $753.43, for a total transaction of $11,939,605.21. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CTO Andrew Bosworth sold 11,694 shares of the business’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $775.00, for a total value of $9,062,850.00. Following the completion of the transaction, the chief technology officer directly 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 disclosure for this sale can be found here. In the last three months, insiders sold 213,146 shares of company stock valued at $164,208,279. 13.61% of the stock is owned by company insiders.

Meta Platforms Price Performance

Shares of META opened at $750.82 on Tuesday. The stock has a market cap of $1.89 trillion, a P/E ratio of 27.18, a price-to-earnings-growth ratio of 1.57 and a beta of 1.20. Meta Platforms, Inc. has a 1 year low of $479.80 and a 1 year high of $796.25. The stock’s 50-day moving average price is $741.78 and its two-hundred day moving average price is $693.24. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, beating analysts’ consensus estimates of $5.75 by $1.39. The company had revenue of $47.52 billion during the quarter, compared to analysts’ expectations of $44.55 billion. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.Meta Platforms’s revenue was up 21.6% on a year-over-year basis. During the same period in the prior year, the business posted $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 earnings per share for the current year.

Meta Platforms Announces Dividend

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

Meta Platforms Company 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.