BIP Wealth LLC Has $1.87 Million Stake in Meta Platforms, Inc. $META

BIP Wealth LLC lifted its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 9.9% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 2,535 shares of the social networking company’s stock after buying an additional 229 shares during the quarter. BIP Wealth LLC’s holdings in Meta Platforms were worth $1,871,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of META. Kingstone Capital Partners Texas LLC boosted its holdings in shares of Meta Platforms by 608,429.2% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 59,775,823 shares of the social networking company’s stock worth $44,119,937,000 after buying an additional 59,766,000 shares during the period. Nuveen LLC bought a new stake in shares of Meta Platforms during the 1st quarter worth about $2,990,544,000. Amundi boosted its holdings in shares of Meta Platforms by 23.5% during the 1st quarter. Amundi now owns 7,733,061 shares of the social networking company’s stock worth $4,111,050,000 after buying an additional 1,470,070 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Meta Platforms by 8.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 15,575,962 shares of the social networking company’s stock worth $8,977,361,000 after buying an additional 1,255,546 shares during the period. Finally, Strs Ohio bought a new stake in shares of Meta Platforms during the 1st quarter worth about $571,086,000. Institutional investors own 79.91% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on META. Canaccord Genuity Group reaffirmed a “buy” rating and set a $900.00 target price on shares of Meta Platforms in a report on Thursday, October 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Meta Platforms in a report on Wednesday, October 8th. UBS Group lifted their price objective on shares of Meta Platforms from $900.00 to $915.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. TD Cowen dropped their price objective on shares of Meta Platforms from $875.00 to $810.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. Finally, Bank of America dropped their price objective on shares of Meta Platforms from $900.00 to $810.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. Four investment 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 company. According to MarketBeat, Meta Platforms presently has an average rating of “Moderate Buy” and a consensus price target of $827.60.

Insider Buying and Selling

In other news, COO Javier Olivan sold 2,612 shares of the business’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $782.13, for a total value of $2,042,923.56. Following the completion of the transaction, the chief operating officer directly owned 7,609 shares in the company, valued at approximately $5,951,227.17. The trade was a 25.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Andrew Bosworth sold 11,694 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $775.00, for a total transaction of $9,062,850.00. Following the completion of the transaction, the chief technology officer owned 1,799 shares of the company’s stock, valued at $1,394,225. The trade was a 86.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 90,609 shares of company stock worth $69,806,640. 13.61% of the stock is owned by company insiders.

Meta Platforms Price Performance

Shares of NASDAQ:META opened at $627.32 on Wednesday. The firm has a 50 day moving average of $733.43 and a 200-day moving average of $701.18. The stock has a market capitalization of $1.58 trillion, a PE ratio of 27.71, a PEG ratio of 1.42 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.

Meta Platforms (NASDAQ:META) last issued 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 company had revenue of $51.24 billion during the quarter, compared to analysts’ expectations of $49.34 billion. Meta Platforms had a net margin of 30.89% and a return on equity of 39.35%. The business’s revenue for the quarter was up 26.2% compared to the same quarter last year. During the same period in the previous year, the company earned $6.03 EPS. Meta Platforms has set its Q4 2025 guidance at EPS. On average, equities research analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were given a $0.525 dividend. The ex-dividend date was Monday, September 22nd. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. Meta Platforms’s 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.