Meta Platforms, Inc. $META Shares Acquired by Gables Capital Management Inc.

Gables Capital Management Inc. grew its stake in Meta Platforms, Inc. (NASDAQ:META) by 284.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,150 shares of the social networking company’s stock after purchasing an additional 2,330 shares during the quarter. Meta Platforms makes up approximately 1.1% of Gables Capital Management Inc.’s holdings, making the stock its 25th biggest holding. Gables Capital Management Inc.’s holdings in Meta Platforms were worth $2,325,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of META. Barnes Dennig Private Wealth Management LLC bought a new position in Meta Platforms during the 1st quarter worth approximately $28,000. Evergreen Private Wealth LLC raised 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 period. 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 raised 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 period. Institutional investors and hedge funds own 79.91% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on META. Rosenblatt Securities increased their price objective on shares of Meta Platforms from $1,086.00 to $1,117.00 and gave the stock a “buy” rating in a research note on Thursday. JMP Securities raised their target price on Meta Platforms from $750.00 to $900.00 and gave the company a “market outperform” rating in a research report on Thursday, July 31st. Truist Financial reduced their target price on shares of Meta Platforms from $900.00 to $875.00 and set a “buy” rating for the company in a report on Thursday. DA Davidson set a $825.00 price objective on shares of Meta Platforms in a research note on Thursday. Finally, Cantor Fitzgerald decreased their target price on shares of Meta Platforms from $920.00 to $830.00 and set an “overweight” 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 issued a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Meta Platforms presently has a consensus rating of “Moderate Buy” and an average price target of $827.60.

Insider Activity at Meta Platforms

In other news, CEO Mark Zuckerberg sold 15,847 shares of the business’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $769.38, for a total transaction of $12,192,364.86. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CTO Andrew Bosworth sold 11,694 shares of the business’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $775.00, for a total transaction of $9,062,850.00. Following the transaction, the chief technology officer owned 1,799 shares in the company, valued at approximately $1,394,225. The trade was a 86.67% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 198,335 shares of company stock worth $153,047,009. 13.61% of the stock is owned by company insiders.

Meta Platforms Trading Down 2.7%

Meta Platforms stock opened at $648.35 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.98. The business’s 50-day simple moving average is $738.28 and its 200-day simple moving average is $696.73. The firm has a market capitalization of $1.63 trillion, a PE ratio of 28.64, a PEG ratio of 1.41 and a beta of 1.20. Meta Platforms, Inc. has a 52 week low of $479.80 and a 52 week high of $796.25.

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, topping analysts’ consensus estimates 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%.The firm’s revenue for the quarter was up 26.2% on a year-over-year basis. During the same period in the previous year, the company posted $6.03 earnings per share. Meta Platforms has set its Q4 2025 guidance at EPS. Equities research analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Dividend Announcement

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

About Meta Platforms

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.