Greenup Street Wealth Management LLC Acquires 161 Shares of Meta Platforms, Inc. $META

Greenup Street Wealth Management LLC raised its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 1.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 10,885 shares of the social networking company’s stock after acquiring an additional 161 shares during the period. Meta Platforms makes up 1.4% of Greenup Street Wealth Management LLC’s holdings, making the stock its 15th largest position. Greenup Street Wealth Management LLC’s holdings in Meta Platforms were worth $8,034,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in META. Kingstone Capital Partners Texas LLC increased its position in shares of Meta Platforms by 608,429.2% in the 2nd 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 in the last quarter. Nuveen LLC bought a new stake in shares of Meta Platforms in the 1st quarter valued at $2,990,544,000. Amundi increased its position in shares of Meta Platforms by 23.5% in the 1st 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 in the last quarter. Goldman Sachs Group Inc. boosted its stake in Meta Platforms by 8.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 15,575,962 shares of the social networking company’s stock worth $8,977,361,000 after purchasing an additional 1,255,546 shares during the period. Finally, Strs Ohio acquired a new position in Meta Platforms in the 1st quarter worth $571,086,000. Institutional investors own 79.91% of the company’s stock.

Insider Activity at Meta Platforms

In related news, insider Jennifer Newstead sold 519 shares of the firm’s stock in a transaction dated Tuesday, October 28th. The shares were sold at an average price of $753.00, for a total value of $390,807.00. Following the completion of the sale, the insider directly owned 27,756 shares in the company, valued at approximately $20,900,268. This trade represents a 1.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Robert M. Kimmitt sold 465 shares of the firm’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $716.97, for a total transaction of $333,391.05. Following the completion of the sale, the director owned 7,947 shares of the company’s stock, valued at $5,697,760.59. This trade represents a 5.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 198,335 shares of company stock worth $153,047,009. Insiders own 13.61% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on META shares. Piper Sandler reduced their target price on shares of Meta Platforms from $880.00 to $840.00 and set an “overweight” rating for the company in a research note on Thursday. DA Davidson set a $825.00 target price on shares of Meta Platforms in a research note on Thursday. Wall Street Zen lowered shares of Meta Platforms from a “buy” rating to a “hold” rating in a research note on Saturday. Royal Bank Of Canada reduced their target price on shares of Meta Platforms from $840.00 to $810.00 and set an “outperform” rating for the company in a research note on Thursday. Finally, Jefferies Financial Group reduced their target price on shares of Meta Platforms from $950.00 to $910.00 and set a “buy” rating for the company in a research note on Thursday. Four investment analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $827.60.

Meta Platforms Trading Down 2.7%

Meta Platforms stock opened at $648.35 on Friday. The firm has a 50-day moving average of $738.28 and a 200-day moving average of $696.73. 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 current ratio of 1.98 and a quick ratio of 1.97. The company has a market cap of $1.63 trillion, a price-to-earnings ratio of 28.64, a P/E/G ratio of 1.41 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last issued its earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share (EPS) 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 business 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 business posted $6.03 EPS. Meta Platforms’s revenue was up 26.2% on a year-over-year basis. Meta Platforms has set its Q4 2025 guidance at EPS. On average, equities 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 announced 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 was Monday, September 22nd. Meta Platforms’s dividend payout ratio (DPR) is 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.