GenTrust LLC Boosts Stake in Meta Platforms, Inc. $META

GenTrust LLC increased its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 13.9% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,064 shares of the social networking company’s stock after purchasing an additional 130 shares during the period. GenTrust LLC’s holdings in Meta Platforms were worth $785,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in META. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Meta Platforms during the 1st quarter worth approximately $33,000. Evergreen Private Wealth LLC boosted its position in Meta Platforms by 237.5% in the 2nd quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company’s stock valued at $40,000 after buying an additional 38 shares during the period. Briaud Financial Planning Inc purchased a new position in Meta Platforms in the 2nd quarter valued at approximately $42,000. WFA Asset Management Corp boosted its position in Meta Platforms by 42.6% in the 2nd quarter. WFA Asset Management Corp now owns 67 shares of the social networking company’s stock valued at $49,000 after buying an additional 20 shares during the period. Finally, Maseco LLP purchased a new position in Meta Platforms in the 2nd quarter valued at approximately $54,000. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on META shares. JMP Securities upped their price target on Meta Platforms from $750.00 to $900.00 and gave the stock a “market outperform” rating in a report on Thursday, July 31st. Monness Crespi & Hardt cut their price target on Meta Platforms from $860.00 to $808.00 and set a “buy” rating on the stock in a report on Thursday. Roth Capital restated a “buy” rating on shares of Meta Platforms in a report on Thursday. UBS Group upped their price target on Meta Platforms from $900.00 to $915.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Meta Platforms in a report on Wednesday, October 8th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $827.60.

Meta Platforms Price Performance

Meta Platforms stock opened at $648.35 on Monday. The stock has a market cap of $1.63 trillion, a P/E ratio of 28.64, a price-to-earnings-growth ratio of 1.41 and a beta of 1.20. The company has a fifty day simple moving average of $738.28 and a 200-day simple moving average of $699.34. Meta Platforms, Inc. has a 12-month low of $479.80 and a 12-month high of $796.25. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.15.

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

Meta Platforms Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 29th. Investors 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 dividend on an annualized basis and a yield of 0.3%. Meta Platforms’s payout ratio is 9.28%.

Insider Activity at Meta Platforms

In related news, COO Javier Olivan sold 517 shares of the firm’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 transaction, the chief operating officer owned 7,958 shares in the company, valued at $5,965,078.06. This trade represents a 6.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jennifer Newstead sold 519 shares of the firm’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 transaction, the insider owned 27,756 shares in the company, valued at $20,900,268. This represents a 1.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 181,971 shares of company stock valued at $140,461,589 over the last ninety days. Insiders own 13.61% of the company’s stock.

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.