StoneCrest Wealth Management Inc. Has $6.37 Million Stock Holdings in Meta Platforms, Inc. $META

StoneCrest Wealth Management Inc. cut its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 0.6% during the 2nd quarter, Holdings Channel reports. The firm owned 8,635 shares of the social networking company’s stock after selling 50 shares during the period. Meta Platforms makes up 3.0% of StoneCrest Wealth Management Inc.’s holdings, making the stock its 10th largest holding. StoneCrest Wealth Management Inc.’s holdings in Meta Platforms were worth $6,373,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in META. Inlight Wealth Management LLC bought a new stake in shares of Meta Platforms during the 1st quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC acquired a new position in Meta Platforms in the first quarter valued at about $28,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in Meta Platforms during the first quarter worth about $33,000. JCIC Asset Management Inc. grew its stake in Meta Platforms by 102.6% during the first quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company’s stock worth $46,000 after buying an additional 40 shares in the last quarter. Finally, Principia Wealth Advisory LLC increased its holdings in Meta Platforms by 53.6% in the 1st quarter. Principia Wealth Advisory LLC now owns 86 shares of the social networking company’s stock valued at $50,000 after buying an additional 30 shares during the period. 79.91% of the stock is currently owned by institutional investors.

Meta Platforms Trading Down 0.7%

Shares of META stock opened at $743.75 on Friday. Meta Platforms, Inc. has a 1-year low of $479.80 and a 1-year high of $796.25. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15. The stock has a market cap of $1.87 trillion, a price-to-earnings ratio of 26.93, a PEG ratio of 1.55 and a beta of 1.24. The stock has a 50-day moving average of $751.74 and a 200-day moving average of $670.84.

Meta Platforms (NASDAQ:META) last released its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.75 by $1.39. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The firm had revenue of $47.52 billion during the quarter, compared to analyst estimates of $44.55 billion. During the same quarter last year, the business earned $5.16 EPS. The company’s revenue was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. On average, equities research analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 22nd will be given a dividend of $0.525 per share. The ex-dividend date of this dividend is 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 7.60%.

Insiders Place Their Bets

In related news, Director Robert M. Kimmitt sold 465 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $757.47, for a total transaction of $352,223.55. Following the completion of the sale, the director owned 8,412 shares of the company’s stock, valued at $6,371,837.64. This trade represents a 5.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Javier Olivan sold 517 shares of the business’s stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $781.33, for a total value of $403,947.61. Following the completion of the transaction, the chief operating officer directly owned 10,543 shares in the company, valued at approximately $8,237,562.19. This trade represents a 4.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 230,336 shares of company stock worth $176,625,049. Company insiders own 13.61% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Robert W. Baird increased their price target on shares of Meta Platforms from $635.00 to $740.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 2nd. KeyCorp upped their target price on Meta Platforms from $800.00 to $905.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. Citigroup reaffirmed an “outperform” rating on shares of Meta Platforms in a report on Thursday, July 31st. Raymond James Financial boosted their price target on Meta Platforms from $750.00 to $900.00 and gave the stock a “strong-buy” rating in a report on Thursday, July 31st. Finally, Needham & Company LLC upgraded Meta Platforms from an “underperform” rating to a “hold” rating in a research report on Thursday, July 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $826.05.

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.