Castle Wealth Management LLC Grows Position in Meta Platforms, Inc. $META

Castle Wealth Management LLC boosted its stake in Meta Platforms, Inc. (NASDAQ:META) by 8.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,729 shares of the social networking company’s stock after buying an additional 205 shares during the quarter. Castle Wealth Management LLC’s holdings in Meta Platforms were worth $2,014,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Principle Wealth Partners LLC raised its position in Meta Platforms by 39.2% in the 2nd quarter. Principle Wealth Partners LLC now owns 15,642 shares of the social networking company’s stock valued at $11,545,000 after buying an additional 4,405 shares during the last quarter. Prosperity Financial Group Inc. increased its position in shares of Meta Platforms by 5.7% during the 2nd quarter. Prosperity Financial Group Inc. now owns 3,822 shares of the social networking company’s stock valued at $2,821,000 after purchasing an additional 207 shares during the last quarter. Farley Capital L.P. increased its position in shares of Meta Platforms by 0.3% during the 2nd quarter. Farley Capital L.P. now owns 14,113 shares of the social networking company’s stock valued at $10,417,000 after purchasing an additional 40 shares during the last quarter. LifeWealth Investments LLC increased its position in shares of Meta Platforms by 33.0% during the 2nd quarter. LifeWealth Investments LLC now owns 3,363 shares of the social networking company’s stock valued at $2,482,000 after purchasing an additional 835 shares during the last quarter. Finally, Axiom Financial Strategies LLC increased its position in shares of Meta Platforms by 21.4% during the 2nd quarter. Axiom Financial Strategies LLC now owns 670 shares of the social networking company’s stock valued at $495,000 after purchasing an additional 118 shares during the last quarter. 79.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on META shares. Rosenblatt Securities raised their target price on Meta Platforms from $1,086.00 to $1,117.00 and gave the company a “buy” rating in a research report on Thursday. Barclays decreased their target price on Meta Platforms from $810.00 to $770.00 and set an “overweight” rating for the company in a research report on Thursday. Pivotal Research raised their target price on Meta Platforms from $830.00 to $930.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Scotiabank lifted their price objective on Meta Platforms from $675.00 to $685.00 and gave the stock a “sector perform” rating in a report on Thursday, July 31st. Finally, HSBC raised Meta Platforms from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $610.00 to $900.00 in a report on Thursday, July 31st. Four analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $827.60.

Meta Platforms Stock Down 2.7%

META stock opened at $648.35 on Monday. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.15. 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 twelve month low of $479.80 and a twelve month high of $796.25. The stock has a 50-day simple moving average of $738.28 and a two-hundred day simple moving average of $699.34.

Meta Platforms (NASDAQ:META) last posted its earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share for the quarter, beating analysts’ consensus estimates of $6.74 by $0.51. The business had revenue of $51.24 billion during 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 company’s quarterly revenue was up 26.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $6.03 EPS. Meta Platforms has set its Q4 2025 guidance at EPS. On average, equities analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Monday, September 22nd. Meta Platforms’s dividend payout ratio (DPR) is 9.28%.

Insider Activity

In other news, COO Javier Olivan sold 517 shares of Meta Platforms stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $749.57, for a total transaction of $387,527.69. Following the completion of the sale, 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 SEC, which can be accessed through this link. Also, Director Robert M. Kimmitt sold 465 shares of Meta Platforms stock in a transaction dated 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 owned 7,947 shares of the company’s stock, valued at approximately $5,697,760.59. This trade represents a 5.53% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 181,971 shares of company stock worth $140,461,589. 13.61% of the stock is currently owned by 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.