CMG Global Holdings LLC Has $584,000 Holdings in Meta Platforms, Inc. $META

CMG Global Holdings LLC increased its stake in Meta Platforms, Inc. (NASDAQ:META) by 6.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 814 shares of the social networking company’s stock after buying an additional 46 shares during the quarter. CMG Global Holdings LLC’s holdings in Meta Platforms were worth $584,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Barnes Dennig Private Wealth Management LLC acquired a new stake in Meta Platforms during the 1st quarter valued at $28,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Meta Platforms during the 1st quarter valued at $33,000. Evergreen Private Wealth LLC lifted its holdings in Meta Platforms by 237.5% during the 2nd quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company’s stock valued at $40,000 after purchasing an additional 38 shares during the last quarter. Maseco LLP acquired a new stake in Meta Platforms during the 2nd quarter valued at $54,000. Finally, eCIO Inc. acquired a new stake in Meta Platforms during the 1st quarter valued at $58,000. Institutional investors and hedge funds own 79.91% of the company’s stock.

Insider Activity

In other news, Director Robert M. Kimmitt sold 465 shares of Meta Platforms stock in a transaction dated Wednesday, October 15th. The stock was 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 trade represents a 5.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Javier Olivan sold 517 shares of Meta Platforms stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $749.57, for a total value of $387,527.69. Following the sale, the chief operating officer directly owned 7,958 shares in the company, valued at $5,965,078.06. The trade was a 6.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 213,663 shares of company stock valued at $164,595,807. 13.61% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on META shares. Piper Sandler raised their price target on Meta Platforms from $808.00 to $880.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Loop Capital reaffirmed a “buy” rating and set a $980.00 price target (up previously from $888.00) on shares of Meta Platforms in a report on Tuesday, August 5th. Weiss Ratings reissued a “buy (b)” rating on shares of Meta Platforms in a report on Wednesday, October 8th. JPMorgan Chase & Co. lifted their target price on Meta Platforms from $795.00 to $875.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Finally, Robert W. Baird lifted their target price on Meta Platforms from $635.00 to $740.00 and gave the stock an “outperform” rating in a report on Wednesday, July 2nd. Five equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Meta Platforms currently has a consensus rating of “Buy” and a consensus price target of $829.66.

Meta Platforms Stock Performance

Meta Platforms stock opened at $751.67 on Thursday. Meta Platforms, Inc. has a 12-month low of $479.80 and a 12-month high of $796.25. 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 business’s 50-day moving average price is $741.86 and its two-hundred day moving average price is $696.13. The stock has a market cap of $1.89 trillion, a PE ratio of 27.21, a P/E/G 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.74 by $0.51. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.During the same period in the previous year, the firm earned $6.03 EPS. The business’s revenue for the quarter was up 26.2% on a year-over-year basis. Meta Platforms has set its Q4 2025 guidance at EPS. As a group, analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

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