Purkiss Capital Advisors LLC Buys 1,411 Shares of Meta Platforms, Inc. $META

Purkiss Capital Advisors LLC boosted its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 175.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,213 shares of the social networking company’s stock after purchasing an additional 1,411 shares during the quarter. Meta Platforms accounts for approximately 0.9% of Purkiss Capital Advisors LLC’s holdings, making the stock its 24th biggest position. Purkiss Capital Advisors LLC’s holdings in Meta Platforms were worth $1,634,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Evergreen Private Wealth LLC grew its position in Meta Platforms by 237.5% during the second quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company’s stock worth $40,000 after buying an additional 38 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Meta Platforms during the 1st quarter worth approximately $33,000. Briaud Financial Planning Inc bought a new stake in shares of Meta Platforms during the second quarter valued at approximately $42,000. WFA Asset Management Corp increased its position in shares of Meta Platforms by 42.6% during the second quarter. WFA Asset Management Corp now owns 67 shares of the social networking company’s stock valued at $49,000 after purchasing an additional 20 shares during the period. Finally, Maseco LLP acquired a new position in shares of Meta Platforms in the second quarter valued at $54,000. 79.91% of the stock is owned by institutional investors.

Insider Transactions at Meta Platforms

In other Meta Platforms news, COO Javier Olivan sold 517 shares of the stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $656.00, for a total transaction of $339,152.00. Following the completion of the transaction, the chief operating officer owned 7,441 shares in the company, valued at approximately $4,881,296. This represents a 6.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert M. Kimmitt sold 465 shares of the business’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $716.97, for a total value of $333,391.05. Following the completion of the sale, the director owned 7,947 shares in the company, valued at approximately $5,697,760.59. This trade represents a 5.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 75,798 shares of company stock valued at $58,347,026 over the last quarter. Corporate insiders own 13.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on META shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Meta Platforms in a research note on Wednesday, October 8th. Hsbc Global Res raised shares of Meta Platforms from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 31st. JPMorgan Chase & Co. decreased their target price on shares of Meta Platforms from $875.00 to $800.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Jefferies Financial Group lowered their target price on shares of Meta Platforms from $950.00 to $910.00 and set a “buy” rating on the stock in a research note on Thursday, October 30th. Finally, TD Cowen dropped their price target on shares of Meta Platforms from $875.00 to $810.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Four research analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Meta Platforms presently has a consensus rating of “Moderate Buy” and a consensus target price of $827.60.

Meta Platforms Trading Up 0.4%

META opened at $621.71 on Friday. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.15. The firm has a 50-day moving average price of $726.22 and a two-hundred day moving average price of $701.11. Meta Platforms, Inc. has a 1-year low of $479.80 and a 1-year high of $796.25. The stock has a market capitalization of $1.56 trillion, a PE ratio of 27.46, a PEG ratio of 1.37 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share (EPS) for the quarter, beating the consensus estimate 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 prior year, the firm posted $6.03 earnings per share. The firm’s revenue for the quarter was up 26.2% compared to the same quarter last year. Meta Platforms has set its Q4 2025 guidance at EPS. As a group, equities analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 0.3%. The ex-dividend date was Monday, September 22nd. Meta Platforms’s dividend payout ratio (DPR) is 9.28%.

Meta Platforms 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.