Marietta Wealth Management LLC Has $12.19 Million Stock Position in Meta Platforms, Inc. $META

Marietta Wealth Management LLC grew its position in Meta Platforms, Inc. (NASDAQ:META) by 0.9% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 16,517 shares of the social networking company’s stock after purchasing an additional 149 shares during the period. Meta Platforms accounts for 1.6% of Marietta Wealth Management LLC’s investment portfolio, making the stock its 19th biggest holding. Marietta Wealth Management LLC’s holdings in Meta Platforms were worth $12,191,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in META. Kingstone Capital Partners Texas LLC increased its stake in shares of Meta Platforms by 608,429.2% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 59,775,823 shares of the social networking company’s stock valued at $44,119,937,000 after buying an additional 59,766,000 shares during the period. Nuveen LLC bought a new position in shares of Meta Platforms in the 1st quarter worth $2,990,544,000. Amundi boosted its position in shares of Meta Platforms by 23.5% in the 1st quarter. Amundi now owns 7,733,061 shares of the social networking company’s stock worth $4,111,050,000 after purchasing an additional 1,470,070 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Meta Platforms by 8.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 15,575,962 shares of the social networking company’s stock worth $8,977,361,000 after purchasing an additional 1,255,546 shares during the last quarter. Finally, Strs Ohio bought a new position in shares of Meta Platforms in the 1st quarter worth $571,086,000. 79.91% of the stock is owned by institutional investors and hedge funds.

Meta Platforms Stock Performance

META stock opened at $705.30 on Monday. The business’s 50-day moving average price is $752.20 and its two-hundred day moving average price is $679.78. 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 firm has a market cap of $1.77 trillion, a PE ratio of 25.54, a P/E/G ratio of 1.47 and a beta of 1.20. Meta Platforms, Inc. has a 1-year low of $479.80 and a 1-year high of $796.25.

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

Meta Platforms Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Monday, September 22nd. Meta Platforms’s payout ratio is 7.60%.

Analyst Upgrades and Downgrades

META has been the topic of several recent research reports. Barclays raised their price target on Meta Platforms from $640.00 to $810.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Canaccord Genuity Group raised their price target on Meta Platforms from $825.00 to $850.00 and gave the stock a “buy” rating in a research report on Wednesday, July 16th. BMO Capital Markets raised their price target on Meta Platforms from $610.00 to $710.00 and gave the stock a “market perform” rating in a research report on Thursday, July 31st. Zacks Research lowered Meta Platforms from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 19th. Finally, Robert W. Baird raised their price target on Meta Platforms from $635.00 to $740.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 2nd. Four investment analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Meta Platforms currently has a consensus rating of “Moderate Buy” and a consensus price target of $830.68.

Insider Activity

In other news, insider Jennifer Newstead sold 519 shares of the business’s stock in a transaction dated Tuesday, October 7th. The stock was sold at an average price of $716.98, for a total value of $372,112.62. Following the sale, the insider directly owned 29,313 shares in the company, valued at $21,016,834.74. The trade was a 1.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Robert M. Kimmitt sold 465 shares of the business’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $757.47, for a total value of $352,223.55. Following the completion of the sale, the director owned 8,412 shares in the company, valued at approximately $6,371,837.64. This trade represents a 5.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 213,665 shares of company stock worth $164,575,272 over the last three months. Corporate insiders own 13.61% of the company’s stock.

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.