Meta Platforms, Inc. $META Shares Purchased by Brookstone Capital Management

Brookstone Capital Management boosted its position in Meta Platforms, Inc. (NASDAQ:META) by 12.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 61,489 shares of the social networking company’s stock after purchasing an additional 6,971 shares during the quarter. Brookstone Capital Management’s holdings in Meta Platforms were worth $45,385,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in META. Pachira Investments Inc. boosted its holdings in shares of Meta Platforms by 3.0% during the second quarter. Pachira Investments Inc. now owns 488 shares of the social networking company’s stock worth $360,000 after purchasing an additional 14 shares during the last quarter. Hemington Wealth Management lifted its position in Meta Platforms by 0.6% during the second quarter. Hemington Wealth Management now owns 2,223 shares of the social networking company’s stock worth $1,641,000 after buying an additional 14 shares during the period. Myecfo LLC boosted its stake in 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. Shelton Wealth Management LLC boosted its stake in 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. Finally, Kooman & Associates grew its holdings in Meta Platforms by 2.8% in the 2nd quarter. Kooman & Associates now owns 544 shares of the social networking company’s stock valued at $402,000 after buying an additional 15 shares during the period. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on META shares. Guggenheim reaffirmed a “buy” rating and set a $800.00 price target (up previously from $725.00) on shares of Meta Platforms in a research report on Monday, July 28th. Truist Financial lowered their price objective on shares of Meta Platforms from $900.00 to $875.00 and set a “buy” rating for the company in a research note on Thursday. Weiss Ratings restated a “buy (b)” rating on shares of Meta Platforms in a report on Wednesday, October 8th. Wall Street Zen cut Meta Platforms from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Needham & Company LLC reissued a “hold” rating on shares of Meta Platforms in a research report on Thursday. Four investment analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $827.60.

Meta Platforms Trading Down 2.7%

Shares of META opened at $648.35 on Friday. Meta Platforms, Inc. has a one year low of $479.80 and a one year high of $796.25. The stock has a 50-day moving average price of $738.28 and a 200 day moving average price of $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. The company 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 released its quarterly earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share for the quarter, topping analysts’ consensus estimates of $6.74 by $0.51. The business had revenue of $51.24 billion during the quarter, compared to the consensus estimate of $49.34 billion. Meta Platforms had a net margin of 30.89% and a return on equity of 39.35%. The business’s quarterly revenue was up 26.2% compared to the same quarter last year. During the same quarter last year, the company earned $6.03 earnings per share. Meta Platforms has set its Q4 2025 guidance at EPS. Sell-side analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were given a $0.525 dividend. The ex-dividend date of this dividend 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%.

Insider Activity

In other news, COO Javier Olivan sold 517 shares of Meta Platforms stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $749.57, for a total value of $387,527.69. Following the completion of the transaction, the chief operating officer owned 7,958 shares in the company, valued at approximately $5,965,078.06. This trade represents a 6.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert M. Kimmitt sold 465 shares of the company’s stock in a transaction that occurred on Wednesday, October 15th. The shares were 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 represents a 5.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 198,335 shares of company stock worth $153,047,009. 13.61% of the stock is currently 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.