Meta Platforms, Inc. $META Shares Acquired by Centerpoint Advisory Group

Centerpoint Advisory Group boosted its stake in Meta Platforms, Inc. (NASDAQ:META) by 20.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,262 shares of the social networking company’s stock after purchasing an additional 216 shares during the period. Centerpoint Advisory Group’s holdings in Meta Platforms were worth $931,000 at the end of the most recent reporting period.

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

Meta Platforms Trading Down 0.1%

Meta Platforms stock opened at $609.46 on Monday. Meta Platforms, Inc. has a 1 year low of $479.80 and a 1 year high of $796.25. The firm’s 50-day moving average is $713.72 and its 200-day moving average is $706.28. 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 $1.54 trillion, a P/E ratio of 26.92, a PEG ratio of 1.35 and a beta of 1.20.

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 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 firm had revenue of $51.24 billion for the quarter, compared to analyst estimates of $49.34 billion. During the same quarter in the prior year, the business 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, equities analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Announces Dividend

The business also recently disclosed 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 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 currently 9.28%.

Insider Buying and Selling

In other Meta Platforms news, insider Jennifer Newstead sold 519 shares of the stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $767.16, for a total value of $398,156.04. Following the sale, the insider directly owned 30,870 shares of the company’s stock, valued at $23,682,229.20. This trade represents a 1.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders sold 13,359 shares of company stock worth $9,689,566. 13.61% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on META. Wells Fargo & Company dropped their target price on Meta Platforms from $837.00 to $802.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Mizuho dropped their price objective on Meta Platforms from $925.00 to $815.00 and set an “outperform” rating on the stock in a report on Thursday, October 30th. Pivotal Research upped their target price on Meta Platforms from $830.00 to $930.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. KeyCorp decreased their price target on shares of Meta Platforms from $905.00 to $875.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. Finally, Bank of America cut their price target on shares of Meta Platforms from $900.00 to $810.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $827.60.

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.