Chokshi & Queen Wealth Advisors Inc Raises Stock Holdings in Meta Platforms, Inc. $META

Chokshi & Queen Wealth Advisors Inc increased its holdings in Meta Platforms, Inc. (NASDAQ:META) by 23.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,559 shares of the social networking company’s stock after purchasing an additional 483 shares during the period. Meta Platforms makes up about 1.1% of Chokshi & Queen Wealth Advisors Inc’s investment portfolio, making the stock its 16th largest position. Chokshi & Queen Wealth Advisors Inc’s holdings in Meta Platforms were worth $1,889,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of META. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Meta Platforms in the 1st quarter valued at approximately $28,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Meta Platforms during the 1st quarter valued at approximately $33,000. Evergreen Private Wealth LLC raised 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 buying an additional 38 shares during the period. Maseco LLP bought a new stake in Meta Platforms in the second quarter worth $54,000. Finally, eCIO Inc. bought a new stake in Meta Platforms in the first quarter worth $58,000. Institutional investors own 79.91% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on META shares. Mizuho reduced their target price on shares of Meta Platforms from $925.00 to $815.00 and set an “outperform” rating on the stock in a research note on Thursday. The Goldman Sachs Group reiterated a “buy” rating on shares of Meta Platforms in a report on Tuesday, October 14th. Guggenheim reissued a “buy” rating and issued a $800.00 price objective (up from $725.00) on shares of Meta Platforms in a research report on Monday, July 28th. Roth Capital restated a “buy” rating on shares of Meta Platforms in a research report on Thursday. Finally, Morgan Stanley boosted their price objective on Meta Platforms from $750.00 to $850.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Four analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, Meta Platforms currently has an average rating of “Moderate Buy” and a consensus price target of $827.60.

Meta Platforms Stock Down 2.7%

NASDAQ:META opened at $648.35 on Friday. The company’s 50-day simple moving average is $738.28 and its 200-day simple moving average is $696.73. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.98. Meta Platforms, Inc. has a fifty-two week low of $479.80 and a fifty-two week high of $796.25. The stock has a market capitalization of $1.63 trillion, a P/E ratio of 28.64, a P/E/G ratio of 1.41 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last announced its earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share for the quarter, beating the consensus estimate of $6.74 by $0.51. Meta Platforms had a net margin of 30.89% and a return on equity of 39.35%. The company had revenue of $51.24 billion during the quarter, compared to the consensus estimate of $49.34 billion. During the same period last year, the firm earned $6.03 earnings per share. Meta Platforms’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 anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

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

Insider Buying and Selling at Meta Platforms

In related news, CFO Susan J. Li sold 18,332 shares of the firm’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $764.71, for a total transaction of $14,018,663.72. Following the sale, the chief financial officer directly owned 84,141 shares of the company’s stock, valued at $64,343,464.11. This trade represents a 17.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Christopher K. Cox sold 60,000 shares of the stock in a transaction that occurred 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 transaction, the insider owned 237,205 shares in the company, valued at $184,059,219.75. This represents a 20.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 198,335 shares of company stock valued at $153,047,009. 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.