Dupree Financial Group LLC Makes New $4.29 Million Investment in Meta Platforms, Inc. $META

Dupree Financial Group LLC acquired a new position in Meta Platforms, Inc. (NASDAQ:META) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 5,817 shares of the social networking company’s stock, valued at approximately $4,294,000. Meta Platforms comprises about 1.7% of Dupree Financial Group LLC’s investment portfolio, making the stock its 25th largest position.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Pachira Investments Inc. increased its stake in Meta Platforms by 3.0% in the 2nd quarter. Pachira Investments Inc. now owns 488 shares of the social networking company’s stock worth $360,000 after acquiring an additional 14 shares during the last quarter. Hemington Wealth Management increased its stake in Meta Platforms by 0.6% in the 2nd quarter. Hemington Wealth Management now owns 2,223 shares of the social networking company’s stock worth $1,641,000 after acquiring an additional 14 shares during the last quarter. Shelton Wealth Management LLC increased its holdings in shares of Meta Platforms by 0.9% in the 2nd quarter. Shelton Wealth Management LLC now owns 1,764 shares of the social networking company’s stock worth $1,302,000 after buying an additional 15 shares during the last quarter. Myecfo LLC increased its holdings in shares of Meta Platforms by 2.0% in the 2nd quarter. Myecfo LLC now owns 776 shares of the social networking company’s stock worth $573,000 after buying an additional 15 shares during the last quarter. Finally, Kooman & Associates increased its holdings in shares of Meta Platforms by 2.8% in the 2nd quarter. Kooman & Associates now owns 544 shares of the social networking company’s stock worth $402,000 after buying an additional 15 shares during the last quarter. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Oppenheimer lowered shares of Meta Platforms from an “outperform” rating to a “market perform” rating in a report on Thursday. UBS Group increased their price target on shares of Meta Platforms from $900.00 to $915.00 and gave the stock a “buy” rating in a report on Thursday. Citigroup reduced their price objective on Meta Platforms from $915.00 to $850.00 and set a “buy” rating on the stock in a research report on Thursday. Needham & Company LLC reiterated a “hold” rating on shares of Meta Platforms in a research report on Thursday. Finally, BMO Capital Markets increased their price objective on Meta Platforms from $610.00 to $710.00 and gave the company a “market perform” rating in a research report on Thursday, July 31st. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $827.60.

Insider Transactions 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 sale, the director directly 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jennifer Newstead sold 519 shares of Meta Platforms stock in a transaction that occurred on Tuesday, October 28th. The stock was sold at an average price of $753.00, for a total value of $390,807.00. Following the completion of the sale, the insider owned 27,756 shares in the company, valued at approximately $20,900,268. This represents a 1.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 198,335 shares of company stock worth $153,047,009. 13.61% of the stock is currently owned by insiders.

Meta Platforms Price Performance

META opened at $648.35 on Friday. The stock’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 current ratio of 1.98 and a quick 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 $1.63 trillion, a price-to-earnings ratio of 28.64, a PEG ratio of 1.41 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.74 by $0.51. The business had revenue of $51.24 billion for the quarter, compared to analyst estimates of $49.34 billion. Meta Platforms had a return on equity of 39.35% and a net margin of 30.89%.Meta Platforms’s revenue for the quarter was up 26.2% compared to the same quarter last year. During the same period last year, the company earned $6.03 EPS. Meta Platforms has set its Q4 2025 guidance at EPS. As a group, analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Announces Dividend

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

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.