Wealthfront Advisers LLC Raises Stock Holdings in Meta Platforms, Inc. $META

Wealthfront Advisers LLC boosted its stake in Meta Platforms, Inc. (NASDAQ:META) by 2.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 313,777 shares of the social networking company’s stock after purchasing an additional 7,361 shares during the period. Meta Platforms makes up approximately 0.6% of Wealthfront Advisers LLC’s holdings, making the stock its 26th largest position. Wealthfront Advisers LLC’s holdings in Meta Platforms were worth $231,596,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Pachira Investments Inc. raised its holdings in Meta Platforms by 3.0% in the 2nd quarter. Pachira Investments Inc. now owns 488 shares of the social networking company’s stock worth $360,000 after purchasing an additional 14 shares during the period. Hemington Wealth Management grew its position in shares of Meta Platforms by 0.6% during the second quarter. Hemington Wealth Management now owns 2,223 shares of the social networking company’s stock valued at $1,641,000 after purchasing an additional 14 shares in the last quarter. Myecfo LLC boosted its position in shares of Meta Platforms by 2.0% during the 2nd quarter. Myecfo LLC now owns 776 shares of the social networking company’s stock valued at $573,000 after acquiring an additional 15 shares during the last quarter. Shelton Wealth Management LLC grew its position in Meta Platforms by 0.9% in the second quarter. Shelton Wealth Management LLC now owns 1,764 shares of the social networking company’s stock worth $1,302,000 after acquiring an additional 15 shares in the last quarter. Finally, Kooman & Associates raised its holdings in Meta Platforms by 2.8% during the 2nd quarter. Kooman & Associates now owns 544 shares of the social networking company’s stock valued at $402,000 after buying an additional 15 shares during the period. 79.91% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Jennifer Newstead sold 519 shares of Meta Platforms stock in a transaction that occurred on 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 transaction, the insider owned 27,756 shares in the company, valued at approximately $20,900,268. The trade was a 1.84% 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, Director Robert M. Kimmitt sold 465 shares of the business’s stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $716.97, for a total transaction of $333,391.05. Following the completion of the transaction, 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 disclosure for this sale is available in the SEC filing. Insiders have sold 91,126 shares of company stock worth $70,145,792 over the last three months. Company insiders own 13.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. decreased their price target on Meta Platforms from $875.00 to $800.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Cantor Fitzgerald decreased their price target on shares of Meta Platforms from $920.00 to $830.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. Rosenblatt Securities raised their price target on shares of Meta Platforms from $1,086.00 to $1,117.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Barclays dropped their target price on shares of Meta Platforms from $810.00 to $770.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Finally, Royal Bank Of Canada cut their price target on shares of Meta Platforms from $840.00 to $810.00 and set an “outperform” rating on the stock in a report on Thursday, October 30th. Four investment 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 data from MarketBeat, Meta Platforms presently has a consensus rating of “Moderate Buy” and a consensus price target of $827.60.

Meta Platforms Stock Up 1.4%

NASDAQ META opened at $635.95 on Thursday. The company has a market cap of $1.60 trillion, a P/E ratio of 28.09, a P/E/G ratio of 1.39 and a beta of 1.20. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.98 and a current ratio of 1.98. Meta Platforms, Inc. has a one year low of $479.80 and a one year high of $796.25. The business has a fifty day moving average price of $731.20 and a 200 day moving average price of $700.72.

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

Meta Platforms Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Shareholders 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 presently 9.28%.

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.