Klingman & Associates LLC Raises Stake in Meta Platforms, Inc. $META

Klingman & Associates LLC boosted its position in Meta Platforms, Inc. (NASDAQ:META) by 19.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,886 shares of the social networking company’s stock after buying an additional 972 shares during the period. Klingman & Associates LLC’s holdings in Meta Platforms were worth $4,345,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of META. Kingstone Capital Partners Texas LLC boosted its position in 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 valued at $44,119,937,000 after buying an additional 59,766,000 shares during the last quarter. Nuveen LLC purchased a new stake in Meta Platforms in the first quarter valued at approximately $2,990,544,000. Amundi boosted its position 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 last quarter. 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 acquiring 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 approximately $571,086,000. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Meta Platforms Stock Down 11.3%

NASDAQ META opened at $666.47 on Friday. The business has a fifty day moving average price of $740.41 and a 200 day moving average price of $695.92. Meta Platforms, Inc. has a one year low of $479.80 and a one year high of $796.25. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.97. The company has a market cap of $1.67 trillion, a P/E ratio of 29.44, a P/E/G ratio of 1.60 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings data on Wednesday, October 29th. The social networking company reported $7.25 EPS for the quarter, beating the consensus estimate of $6.74 by $0.51. Meta Platforms had a return on equity of 39.69% and a net margin of 30.89%.The firm had revenue of $51.24 billion during the quarter, compared to the consensus estimate of $49.34 billion. During the same period in the prior year, the company earned $6.03 EPS. The firm’s revenue was up 26.2% compared to the same quarter last year. Meta Platforms has set its Q4 2025 guidance at EPS. Research analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were paid a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Monday, September 22nd. Meta Platforms’s dividend payout ratio is currently 9.28%.

Analysts Set New Price Targets

META has been the subject of a number of analyst reports. Needham & Company LLC reissued a “hold” rating on shares of Meta Platforms in a report on Thursday. Roth Capital reissued a “buy” rating on shares of Meta Platforms in a report on Thursday. Citigroup decreased their price target on Meta Platforms from $915.00 to $850.00 and set a “buy” rating for the company in a report on Thursday. Scotiabank boosted their price target on Meta Platforms from $675.00 to $685.00 and gave the company a “sector perform” rating in a report on Thursday, July 31st. Finally, Rosenblatt Securities boosted their price target on Meta Platforms from $1,086.00 to $1,117.00 and gave the company a “buy” rating in a report on Thursday. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $827.60.

Insider Transactions at Meta Platforms

In related news, insider Christopher K. Cox sold 60,000 shares of the stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $775.95, for a total value of $46,557,000.00. Following the completion of the transaction, the insider directly owned 237,205 shares of the company’s stock, valued at approximately $184,059,219.75. This represents a 20.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mark Zuckerberg sold 15,847 shares of the stock in a transaction on Monday, August 4th. The shares were sold at an average price of $769.38, for a total value of $12,192,364.86. The SEC filing for this sale provides additional information. Insiders sold a total of 198,335 shares of company stock valued at $153,047,009 in the last 90 days. 13.61% of the stock is owned by company 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.