Hobart Private Capital LLC Purchases 1,599 Shares of Meta Platforms, Inc. $META

Hobart Private Capital LLC lifted its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 116.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,974 shares of the social networking company’s stock after acquiring an additional 1,599 shares during the quarter. Hobart Private Capital LLC’s holdings in Meta Platforms were worth $2,195,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Csenge Advisory Group lifted its stake in Meta Platforms by 12.0% in the first quarter. Csenge Advisory Group now owns 9,539 shares of the social networking company’s stock valued at $5,498,000 after buying an additional 1,019 shares during the period. ARQ Wealth Advisors LLC increased its holdings in shares of Meta Platforms by 4.5% in the first quarter. ARQ Wealth Advisors LLC now owns 785 shares of the social networking company’s stock worth $452,000 after acquiring an additional 34 shares in the last quarter. JMG Financial Group Ltd. bought a new stake in shares of Meta Platforms in the first quarter worth about $284,000. Infusive Asset Management Inc. increased its holdings in shares of Meta Platforms by 10.7% in the first quarter. Infusive Asset Management Inc. now owns 23,620 shares of the social networking company’s stock worth $13,614,000 after acquiring an additional 2,285 shares in the last quarter. Finally, Spirepoint Private Client LLC increased its holdings in shares of Meta Platforms by 2.7% in the second quarter. Spirepoint Private Client LLC now owns 4,080 shares of the social networking company’s stock worth $3,011,000 after acquiring an additional 109 shares in the last quarter. Institutional investors own 79.91% of the company’s stock.

Insider Activity

In related news, CTO Andrew Bosworth sold 11,694 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was 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 directly owned 1,799 shares of the company’s stock, valued at approximately $1,394,225. This represents a 86.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Susan J. Li sold 18,332 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $764.71, for a total value of $14,018,663.72. Following the transaction, the chief financial officer directly owned 84,141 shares of the company’s stock, valued at $64,343,464.11. This trade represents a 17.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 90,609 shares of company stock valued at $69,806,640. Corporate insiders own 13.61% of the company’s stock.

Meta Platforms Stock Down 1.6%

NASDAQ:META opened at $627.32 on Wednesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.98 and a current ratio of 1.98. The company has a market cap of $1.58 trillion, a PE ratio of 27.71, a PEG ratio of 1.42 and a beta of 1.20. Meta Platforms, Inc. has a 52-week low of $479.80 and a 52-week high of $796.25. The stock has a 50-day simple moving average of $733.43 and a 200 day simple moving average of $701.18.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings data on Wednesday, October 29th. The social networking company reported $7.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.74 by $0.51. Meta Platforms had a return on equity of 39.35% and a net margin of 30.89%.The business had revenue of $51.24 billion during the quarter, compared to the consensus estimate of $49.34 billion. During the same period last year, the company earned $6.03 earnings per share. Meta Platforms’s quarterly revenue was up 26.2% on a year-over-year basis. Meta Platforms has set its Q4 2025 guidance at EPS. On average, sell-side 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 dividend of $0.525 per share. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.10 annualized dividend and a yield of 0.3%. Meta Platforms’s dividend payout ratio is 9.28%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. JPMorgan Chase & Co. lowered their price target on Meta Platforms from $875.00 to $800.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Citizens Jmp increased their price target on Meta Platforms from $750.00 to $900.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. Bank of America lowered their price target on Meta Platforms from $900.00 to $810.00 and set a “buy” rating for the company in a report on Thursday, October 30th. Roth Capital restated a “buy” rating on shares of Meta Platforms in a report on Thursday, October 30th. Finally, Loop Capital restated a “buy” rating and issued a $980.00 price target (up from $888.00) on shares of Meta Platforms in a report on Tuesday, August 5th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $827.60.

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.