Hoge Financial Services LLC Grows Stock Position in Meta Platforms, Inc. $META

Hoge Financial Services LLC raised its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 3.9% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 2,470 shares of the social networking company’s stock after buying an additional 92 shares during the period. Meta Platforms comprises about 1.1% of Hoge Financial Services LLC’s portfolio, making the stock its 16th largest holding. Hoge Financial Services LLC’s holdings in Meta Platforms were worth $1,824,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Meta Platforms during the 1st quarter valued at about $33,000. Evergreen Private Wealth LLC boosted its stake in shares of Meta Platforms by 237.5% during the 2nd quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company’s stock worth $40,000 after acquiring an additional 38 shares in the last quarter. Maseco LLP purchased a new stake in shares of Meta Platforms during the 2nd quarter worth about $54,000. eCIO Inc. purchased a new stake in shares of Meta Platforms during the 1st quarter worth about $58,000. Finally, Olde Wealth Management LLC purchased a new stake in shares of Meta Platforms during the 1st quarter worth about $59,000. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on META shares. Cantor Fitzgerald lowered their target price on shares of Meta Platforms from $920.00 to $830.00 and set an “overweight” rating on the stock in a research note on Thursday. Needham & Company LLC reissued a “hold” rating on shares of Meta Platforms in a research note on Thursday. Hsbc Global Res raised shares of Meta Platforms from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 31st. HSBC raised shares of Meta Platforms from a “hold” rating to a “buy” rating and increased their target price for the stock from $610.00 to $900.00 in a research note on Thursday, July 31st. Finally, Raymond James Financial reissued a “strong-buy” rating and set a $825.00 target price (down from $900.00) on shares of Meta Platforms in a research note on Thursday. Four equities research 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 company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $827.60.

Meta Platforms Stock Down 2.7%

META stock opened at $648.35 on Monday. The company has a market cap of $1.63 trillion, a price-to-earnings ratio of 28.64, a PEG ratio of 1.41 and a beta of 1.20. 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, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25. The firm has a 50-day moving average of $738.28 and a two-hundred day moving average of $699.34.

Meta Platforms (NASDAQ:META) last released its quarterly earnings data 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. The company 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%. Meta Platforms’s quarterly revenue was up 26.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $6.03 EPS. Meta Platforms has set its Q4 2025 guidance at EPS. As a group, analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were issued a $0.525 dividend. The ex-dividend date 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%.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, insider Jennifer Newstead sold 519 shares of the stock in a transaction dated Tuesday, October 28th. The shares were sold at an average price of $753.00, for a total value of $390,807.00. Following the completion of 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Javier Olivan sold 517 shares of the stock in a transaction dated Monday, October 27th. The shares were 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 of the company’s stock, valued at approximately $5,965,078.06. The trade was a 6.10% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 181,971 shares of company stock worth $140,461,589. 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.