Clearstead Trust LLC Has $2.62 Million Stock Holdings in Meta Platforms, Inc. $META

Clearstead Trust LLC boosted its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 26.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,551 shares of the social networking company’s stock after acquiring an additional 739 shares during the period. Clearstead Trust LLC’s holdings in Meta Platforms were worth $2,621,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of META. Evergreen Private Wealth LLC lifted its position in Meta Platforms by 237.5% in the second quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company’s stock worth $40,000 after purchasing an additional 38 shares during the period. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Meta Platforms in the 1st quarter valued at $33,000. Briaud Financial Planning Inc bought a new position in shares of Meta Platforms during the 2nd quarter worth about $42,000. WFA Asset Management Corp lifted its holdings in shares of 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 acquiring an additional 20 shares during the period. Finally, Maseco LLP acquired a new stake in shares of Meta Platforms during the 2nd quarter valued at about $54,000. Institutional investors own 79.91% of the company’s stock.

Meta Platforms Trading Up 0.9%

Shares of META opened at $594.25 on Monday. 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 $1.50 trillion, a price-to-earnings ratio of 26.25, a PEG ratio of 1.24 and a beta of 1.20. The stock has a fifty day moving average price of $697.66 and a two-hundred day moving average price of $706.43. Meta Platforms, Inc. has a 52-week low of $479.80 and a 52-week high of $796.25.

Meta Platforms (NASDAQ:META) last announced its earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share for the quarter, beating 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 company had revenue of $51.24 billion during the quarter, compared to analyst estimates of $49.34 billion. During the same period last year, the company posted $6.03 earnings per share. The firm’s quarterly revenue was up 26.2% compared to the same quarter last year. Meta Platforms has set its Q4 2025 guidance at EPS. Analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were paid 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 dividend yield of 0.4%. Meta Platforms’s payout ratio is currently 9.28%.

Insider Activity at Meta Platforms

In other news, CTO Andrew Bosworth sold 11,690 shares of the stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $593.31, for a total transaction of $6,935,793.90. Following the sale, the chief technology officer directly owned 2,415 shares of the company’s stock, valued at $1,432,843.65. This represents a 82.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Javier Olivan sold 2,610 shares of the business’s stock in a transaction that occurred on Saturday, November 15th. The stock was sold at an average price of $609.46, for a total transaction of $1,590,690.60. Following the completion of the transaction, the chief operating officer owned 9,784 shares of the company’s stock, valued at $5,962,956.64. This trade represents a 21.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 41,442 shares of company stock valued at $26,515,931 in the last three months. 13.61% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on META. Pivotal Research increased their price target on shares of Meta Platforms from $830.00 to $930.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Sanford C. Bernstein reissued an “outperform” rating and issued a $870.00 target price (down from $900.00) on shares of Meta Platforms in a report on Thursday, October 30th. Monness Crespi & Hardt cut their target price on Meta Platforms from $860.00 to $808.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Hsbc Global Res raised Meta Platforms from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 31st. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Meta Platforms in a research report on Tuesday, October 14th. Three analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $825.05.

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.