Chicago Partners Investment Group LLC Purchases 1,461 Shares of Meta Platforms, Inc. $META

Chicago Partners Investment Group LLC lifted its position in Meta Platforms, Inc. (NASDAQ:META) by 12.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,869 shares of the social networking company’s stock after acquiring an additional 1,461 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Meta Platforms were worth $9,183,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Kingstone Capital Partners Texas LLC increased its position in Meta Platforms by 608,429.2% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 59,775,823 shares of the social networking company’s stock valued at $44,119,937,000 after purchasing an additional 59,766,000 shares during the period. Nuveen LLC purchased a new position in Meta Platforms during the 1st quarter valued at about $2,990,544,000. Amundi increased its position in Meta Platforms by 23.5% during the 1st quarter. Amundi now owns 7,733,061 shares of the social networking company’s stock valued at $4,111,050,000 after purchasing an additional 1,470,070 shares during the period. Goldman Sachs Group Inc. increased its position in Meta Platforms by 8.8% during the 1st 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 purchasing an additional 1,255,546 shares during the period. Finally, Strs Ohio purchased a new position in Meta Platforms during the 1st quarter valued at about $571,086,000. Institutional investors own 79.91% of the company’s stock.

Meta Platforms Trading Up 0.0%

NASDAQ:META opened at $751.67 on Thursday. Meta Platforms, Inc. has a 52 week low of $479.80 and a 52 week high of $796.25. The firm has a 50 day moving average of $741.86 and a 200 day moving average of $696.13. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $1.89 trillion, a price-to-earnings ratio of 27.21, a PEG ratio of 1.59 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last released its earnings results on Wednesday, October 29th. The social networking company reported $7.25 EPS for the quarter, topping analysts’ consensus estimates of $6.74 by $0.51. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The firm’s revenue for the quarter was up 26.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $6.03 earnings per share. Meta Platforms has set its Q4 2025 guidance at EPS. As a group, sell-side analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

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

Insider Buying and Selling

In related news, Director Robert M. Kimmitt sold 465 shares of Meta Platforms stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $716.97, for a total value of $333,391.05. Following the completion of the sale, the director directly owned 7,947 shares in the company, valued at $5,697,760.59. This trade represents a 5.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jennifer Newstead sold 519 shares of Meta Platforms stock in a transaction that occurred on Tuesday, October 21st. The stock was sold at an average price of $736.37, for a total transaction of $382,176.03. Following the completion of the sale, the insider owned 28,275 shares of the company’s stock, valued at $20,820,861.75. This trade represents a 1.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 213,663 shares of company stock worth $164,595,807 in the last three months. Corporate insiders own 13.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on META shares. Sanford C. Bernstein raised their target price on shares of Meta Platforms from $775.00 to $900.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. Oppenheimer cut their target price on shares of Meta Platforms from $870.00 to $825.00 and set an “outperform” rating on the stock in a research report on Monday, October 20th. Scotiabank raised their target price on shares of Meta Platforms from $675.00 to $685.00 and gave the company a “sector perform” rating in a research report on Thursday, July 31st. UBS Group lifted their price objective on shares of Meta Platforms from $897.00 to $900.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. Finally, 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 research note on Thursday, July 31st. 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 MarketBeat, Meta Platforms presently has an average rating of “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.