GDS Wealth Management Grows Position in Meta Platforms, Inc. $META

GDS Wealth Management boosted its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 4.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,420 shares of the social networking company’s stock after acquiring an additional 1,108 shares during the quarter. Meta Platforms accounts for 1.5% of GDS Wealth Management’s portfolio, making the stock its 21st biggest holding. GDS Wealth Management’s holdings in Meta Platforms were worth $20,977,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Infusive Asset Management Inc. increased its stake in shares of Meta Platforms by 10.7% during the first quarter. Infusive Asset Management Inc. now owns 23,620 shares of the social networking company’s stock valued at $13,614,000 after buying an additional 2,285 shares during the period. Spirepoint Private Client LLC grew its holdings in Meta Platforms by 2.7% during the 2nd 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. Sequoia Financial Advisors LLC increased its position in Meta Platforms by 11.0% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 210,526 shares of the social networking company’s stock valued at $155,387,000 after purchasing an additional 20,912 shares during the period. Stephens Inc. AR increased its position in Meta Platforms by 5.6% during the 2nd quarter. Stephens Inc. AR now owns 84,687 shares of the social networking company’s stock valued at $62,507,000 after purchasing an additional 4,473 shares during the period. Finally, Motiv8 Investments LLC raised its holdings in shares of Meta Platforms by 11.5% in the 2nd quarter. Motiv8 Investments LLC now owns 2,080 shares of the social networking company’s stock valued at $1,535,000 after purchasing an additional 214 shares in the last quarter. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Insiders Place Their Bets

In other news, COO Javier Olivan sold 2,610 shares of Meta Platforms stock in a transaction on Saturday, November 15th. The shares were sold at an average price of $609.46, for a total transaction of $1,590,690.60. Following the completion of the sale, the chief operating officer directly owned 9,784 shares in the company, valued at approximately $5,962,956.64. The trade was a 21.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert M. Kimmitt sold 600 shares of the company’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $609.35, for a total value of $365,610.00. Following the completion of the transaction, the director directly owned 7,347 shares in the company, valued at approximately $4,476,894.45. The trade was a 7.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 41,959 shares of company stock valued at $26,759,811. Corporate insiders own 13.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on META shares. Wells Fargo & Company dropped their price objective on shares of Meta Platforms from $837.00 to $802.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. UBS Group increased their target price on Meta Platforms from $900.00 to $915.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Loop Capital reissued a “buy” rating and issued a $980.00 price target (up from $888.00) on shares of Meta Platforms in a research report on Tuesday, August 5th. Bank of America decreased their price objective on Meta Platforms from $900.00 to $810.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. Finally, Truist Financial cut their target price on Meta Platforms from $900.00 to $875.00 and set a “buy” rating on the stock in a research note on Thursday, October 30th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, Meta Platforms presently has a consensus rating of “Moderate Buy” and an average price target of $823.93.

Meta Platforms Stock Up 2.2%

Shares of META stock opened at $647.48 on Friday. The stock’s fifty day moving average price is $683.38 and its 200 day moving average price is $706.23. Meta Platforms, Inc. has a 1-year low of $479.80 and a 1-year high of $796.25. The company has a market cap of $1.63 trillion, a price-to-earnings ratio of 28.60, a price-to-earnings-growth ratio of 1.36 and a beta of 1.20. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.98 and a quick ratio of 1.98.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings results 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. 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 for the quarter, compared to analyst estimates of $49.34 billion. During the same quarter in the previous year, the firm earned $6.03 earnings per share. The company’s revenue was up 26.2% on a year-over-year basis. Meta Platforms has set its Q4 2025 guidance at EPS. On average, research analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were paid 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 dividend payout ratio is presently 9.28%.

Meta Platforms Company 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.