Greenwood Gearhart Inc. Acquires 1,136 Shares of Meta Platforms, Inc. $META

Greenwood Gearhart Inc. grew its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 4.1% in the second quarter, HoldingsChannel reports. The fund owned 28,819 shares of the social networking company’s stock after purchasing an additional 1,136 shares during the quarter. Meta Platforms makes up about 1.3% of Greenwood Gearhart Inc.’s portfolio, making the stock its 27th largest holding. Greenwood Gearhart Inc.’s holdings in Meta Platforms were worth $21,271,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Brighton Jones LLC boosted its holdings in Meta Platforms by 1.7% in the 4th quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company’s stock worth $20,230,000 after buying an additional 570 shares during the period. Revolve Wealth Partners LLC boosted its holdings in Meta Platforms by 10.2% in the 4th quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company’s stock worth $5,537,000 after buying an additional 875 shares during the period. GAMMA Investing LLC boosted its holdings in Meta Platforms by 16.7% in the 1st quarter. GAMMA Investing LLC now owns 40,691 shares of the social networking company’s stock worth $23,453,000 after buying an additional 5,829 shares during the period. 1776 Wealth LLC boosted its holdings in Meta Platforms by 137.2% in the 1st quarter. 1776 Wealth LLC now owns 1,167 shares of the social networking company’s stock worth $673,000 after buying an additional 675 shares during the period. Finally, Curran Financial Partners LLC boosted its holdings in Meta Platforms by 11.0% in the 1st quarter. Curran Financial Partners LLC now owns 1,036 shares of the social networking company’s stock worth $597,000 after buying an additional 103 shares during the period. Institutional investors own 79.91% of the company’s stock.

Meta Platforms Stock Up 0.7%

Shares of NASDAQ META opened at $716.91 on Monday. The firm’s 50-day moving average price is $746.75 and its 200-day moving average price is $684.78. 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 stock has a market capitalization of $1.80 trillion, a price-to-earnings ratio of 25.96, a P/E/G ratio of 1.50 and a beta of 1.20. Meta Platforms, Inc. has a 12-month low of $479.80 and a 12-month high of $796.25.

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

Meta Platforms Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Monday, September 22nd. Meta Platforms’s dividend payout ratio is currently 7.60%.

Insider Activity

In other news, COO Javier Olivan sold 517 shares of the company’s stock in a transaction dated Monday, October 13th. The shares were sold at an average price of $713.34, for a total transaction of $368,796.78. Following the sale, the chief operating officer directly owned 8,992 shares in the company, valued at approximately $6,414,353.28. This represents a 5.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jennifer Newstead sold 519 shares of the company’s stock in a transaction dated Tuesday, October 14th. The shares were sold at an average price of $707.85, for a total transaction of $367,374.15. Following the sale, the insider owned 28,794 shares in the company, valued at $20,381,832.90. This represents a 1.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 213,665 shares of company stock worth $164,568,109. 13.61% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on META. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $920.00 target price on shares of Meta Platforms in a report on Thursday. Oppenheimer upped their target price on shares of Meta Platforms from $775.00 to $870.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. Citigroup reiterated an “outperform” rating on shares of Meta Platforms in a research note on Thursday, July 31st. Scotiabank boosted their price target on shares of Meta Platforms from $675.00 to $685.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 31st. Finally, Bank of America boosted their price target on shares of Meta Platforms from $775.00 to $900.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Four investment analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $830.68.

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.