Wallace Advisory Group LLC Buys New Stake in Meta Platforms, Inc. $META

Wallace Advisory Group LLC purchased a new stake in Meta Platforms, Inc. (NASDAQ:META) during the second quarter, according to its most recent filing with the SEC. The fund purchased 486 shares of the social networking company’s stock, valued at approximately $359,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of META. Kingstone Capital Partners Texas LLC increased its holdings in 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 acquiring an additional 59,766,000 shares during the last quarter. Nuveen LLC bought a new stake in Meta Platforms in the first quarter worth $2,990,544,000. Amundi increased its position in Meta Platforms by 23.5% in the first quarter. Amundi now owns 7,733,061 shares of the social networking company’s stock worth $4,111,050,000 after purchasing an additional 1,470,070 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Meta Platforms by 8.8% in the first 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 last quarter. Finally, Strs Ohio purchased a new position in shares of Meta Platforms in the 1st quarter worth $571,086,000. 79.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Raymond James Financial reissued a “strong-buy” rating and issued a $825.00 price objective (down from $900.00) on shares of Meta Platforms in a research note on Thursday. JPMorgan Chase & Co. dropped their price objective on shares of Meta Platforms from $875.00 to $800.00 and set an “overweight” rating for the company in a research note on Thursday. Guggenheim reissued a “buy” rating and issued a $800.00 price objective (up from $725.00) on shares of Meta Platforms in a research note on Monday, July 28th. The Goldman Sachs Group reissued a “buy” rating on shares of Meta Platforms in a research note on Tuesday, October 14th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Meta Platforms in a research note on Thursday. Four analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $827.60.

Insider Activity at Meta Platforms

In related news, insider Jennifer Newstead sold 519 shares of the stock in a transaction that occurred on Tuesday, October 28th. The shares were sold at an average price of $753.00, for a total transaction of $390,807.00. Following the completion of the sale, the insider owned 27,756 shares of the company’s stock, valued at $20,900,268. This represents a 1.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robert M. Kimmitt sold 465 shares of the firm’s stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $716.97, for a total transaction of $333,391.05. Following the completion of the transaction, the director directly owned 7,947 shares of the company’s stock, valued at approximately $5,697,760.59. This represents a 5.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 198,335 shares of company stock valued at $153,047,009 over the last 90 days. Insiders own 13.61% of the company’s stock.

Meta Platforms Price Performance

Shares of META opened at $648.35 on Friday. Meta Platforms, Inc. has a fifty-two week low of $479.80 and a fifty-two week high of $796.25. The company 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 stock 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 (NASDAQ:META) last posted its earnings results on Wednesday, October 29th. The social networking company reported $7.25 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $49.34 billion. During the same quarter in the prior year, the company posted $6.03 earnings per share. Meta Platforms’s revenue for the quarter was up 26.2% compared to the same quarter last year. Meta Platforms has set its Q4 2025 guidance at EPS. Equities analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Investors 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 dividend on an annualized basis and a yield of 0.3%. Meta Platforms’s dividend 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.