Princeton Global Asset Management LLC Grows Stock Position in Meta Platforms, Inc. $META

Princeton Global Asset Management LLC increased its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 6.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,270 shares of the social networking company’s stock after buying an additional 330 shares during the quarter. Princeton Global Asset Management LLC’s holdings in Meta Platforms were worth $3,890,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Barnes Dennig Private Wealth Management LLC purchased a new position in Meta Platforms during the first quarter worth about $28,000. Evergreen Private Wealth LLC increased its stake in Meta Platforms by 237.5% during the second quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company’s stock worth $40,000 after acquiring an additional 38 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Meta Platforms during the first quarter worth about $33,000. Maseco LLP acquired a new stake in Meta Platforms during the second quarter worth about $54,000. Finally, Piscataqua Savings Bank increased its stake in Meta Platforms by 433.3% during the second quarter. Piscataqua Savings Bank now owns 80 shares of the social networking company’s stock worth $59,000 after acquiring an additional 65 shares during the last quarter. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on META shares. KeyCorp upped their price target on Meta Platforms from $800.00 to $905.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. Scotiabank upped their price target on Meta Platforms from $675.00 to $685.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 31st. Canaccord Genuity Group upped their price target on Meta Platforms from $825.00 to $850.00 and gave the stock a “buy” rating in a research note on Wednesday, July 16th. HSBC upgraded Meta Platforms from a “hold” rating to a “buy” rating and upped their price target for the stock from $610.00 to $900.00 in a research note on Thursday, July 31st. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $920.00 price target on shares of Meta Platforms in a research note on Thursday, October 16th. Five equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $829.66.

Meta Platforms Price Performance

META stock opened at $751.67 on Thursday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.97. Meta Platforms, Inc. has a 1 year low of $479.80 and a 1 year high of $796.25. The firm has a market cap of $1.89 trillion, a P/E ratio of 27.21, a price-to-earnings-growth ratio of 1.59 and a beta of 1.20. The stock has a 50-day simple moving average of $741.86 and a 200-day simple moving average of $696.13.

Meta Platforms (NASDAQ:META) last posted 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 last year, the company earned $6.03 earnings per share. The company’s revenue was up 26.2% compared to the same quarter last year. Meta Platforms has set its Q4 2025 guidance at EPS. On average, equities analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The firm 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. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Monday, September 22nd. Meta Platforms’s dividend payout ratio (DPR) is 7.60%.

Insider Buying and Selling at Meta Platforms

In other news, Director Robert M. Kimmitt sold 465 shares of Meta Platforms stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $716.97, for a total value of $333,391.05. Following the completion of the transaction, the director owned 7,947 shares in the company, valued at approximately $5,697,760.59. This trade represents a 5.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Javier Olivan sold 517 shares of Meta Platforms stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $749.57, for a total value of $387,527.69. Following the completion of the transaction, the chief operating officer owned 7,958 shares of the company’s stock, valued at approximately $5,965,078.06. The trade was a 6.10% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 213,663 shares of company stock worth $164,595,807 in the last 90 days. 13.61% of the stock is 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.