Onyx Bridge Wealth Group LLC Buys 690 Shares of Meta Platforms, Inc. $META

Onyx Bridge Wealth Group LLC grew its stake in Meta Platforms, Inc. (NASDAQ:META) by 15.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,197 shares of the social networking company’s stock after acquiring an additional 690 shares during the quarter. Onyx Bridge Wealth Group LLC’s holdings in Meta Platforms were worth $3,836,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of META. Brighton Jones LLC raised its position in shares of Meta Platforms by 1.7% in the 4th quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company’s stock valued at $20,230,000 after acquiring an additional 570 shares during the period. Revolve Wealth Partners LLC raised its position in shares of Meta Platforms by 10.2% in the 4th quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company’s stock valued at $5,537,000 after acquiring an additional 875 shares during the period. 1776 Wealth LLC raised its position in shares of Meta Platforms by 137.2% in the 1st quarter. 1776 Wealth LLC now owns 1,167 shares of the social networking company’s stock valued at $673,000 after acquiring an additional 675 shares during the period. J.Safra Asset Management Corp raised its position in shares of Meta Platforms by 73.1% in the 1st quarter. J.Safra Asset Management Corp now owns 4,652 shares of the social networking company’s stock valued at $2,681,000 after acquiring an additional 1,964 shares during the period. Finally, Koshinski Asset Management Inc. raised its position in shares of Meta Platforms by 2.1% in the 1st quarter. Koshinski Asset Management Inc. now owns 9,887 shares of the social networking company’s stock valued at $5,699,000 after acquiring an additional 201 shares during the period. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Meta Platforms

In other news, COO Javier Olivan sold 517 shares of the company’s stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $749.57, for a total transaction of $387,527.69. Following the sale, the chief operating officer owned 7,958 shares in the company, valued at $5,965,078.06. This represents a 6.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Jennifer Newstead sold 519 shares of the company’s 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 sale, the insider owned 27,756 shares in the company, valued at approximately $20,900,268. This represents a 1.84% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 198,335 shares of company stock worth $153,047,009 in the last 90 days. Corporate insiders own 13.61% of the company’s stock.

Wall Street Analyst Weigh In

META has been the topic of a number of analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of Meta Platforms in a research report on Thursday. Rosenblatt Securities lifted their price objective on Meta Platforms from $1,086.00 to $1,117.00 and gave the company a “buy” rating in a report on Thursday. Morgan Stanley lifted their price objective on Meta Platforms from $750.00 to $850.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Weiss Ratings reiterated a “buy (b)” rating on shares of Meta Platforms in a report on Wednesday, October 8th. Finally, BMO Capital Markets lifted their price objective on Meta Platforms from $610.00 to $710.00 and gave the company a “market perform” rating in a 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 assigned a Hold rating to the stock. According to MarketBeat, Meta Platforms currently has a consensus rating of “Moderate Buy” and a consensus price target of $827.60.

Meta Platforms Trading Down 2.7%

NASDAQ META opened at $648.35 on Friday. The stock has a market capitalization of $1.63 trillion, a price-to-earnings ratio of 28.64, a PEG ratio of 1.38 and a beta of 1.20. The stock’s 50 day moving average price is $738.28 and its two-hundred day moving average price is $697.96. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.98. Meta Platforms, Inc. has a 52 week low of $479.80 and a 52 week high of $796.25.

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

Meta Platforms Announces Dividend

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