Meta Platforms, Inc. $META Shares Acquired by Meridian Wealth Management LLC

Meridian Wealth Management LLC boosted its holdings in Meta Platforms, Inc. (NASDAQ:META) by 6.5% in the 2nd quarter, Holdings Channel reports. The firm owned 34,632 shares of the social networking company’s stock after purchasing an additional 2,112 shares during the period. Meta Platforms accounts for about 1.1% of Meridian Wealth Management LLC’s investment portfolio, making the stock its 15th biggest holding. Meridian Wealth Management LLC’s holdings in Meta Platforms were worth $25,562,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of META. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Meta Platforms during the 1st quarter worth approximately $33,000. Evergreen Private Wealth LLC grew its position in Meta Platforms by 237.5% in the 2nd quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company’s stock valued at $40,000 after buying an additional 38 shares during the last quarter. Briaud Financial Planning Inc acquired a new position in Meta Platforms in the 2nd quarter valued at $42,000. WFA Asset Management Corp lifted its stake in shares of Meta Platforms by 42.6% in the 2nd quarter. WFA Asset Management Corp now owns 67 shares of the social networking company’s stock worth $49,000 after acquiring an additional 20 shares during the period. Finally, Maseco LLP purchased a new stake in shares of Meta Platforms in the second quarter valued at about $54,000. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Meta Platforms

In other news, COO Javier Olivan sold 517 shares of the stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $604.23, for a total transaction of $312,386.91. Following the transaction, the chief operating officer directly owned 15,302 shares in the company, valued at $9,245,927.46. This represents a 3.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Andrew Bosworth sold 11,690 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $593.31, for a total transaction of $6,935,793.90. Following the completion of the sale, the chief technology officer owned 2,415 shares of the company’s stock, valued at approximately $1,432,843.65. The trade was a 82.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 40,923 shares of company stock valued at $26,126,437. 13.61% of the stock is currently owned by insiders.

Meta Platforms Stock Performance

Meta Platforms stock opened at $613.05 on Tuesday. Meta Platforms, Inc. has a fifty-two week low of $479.80 and a fifty-two week high of $796.25. The company has a market capitalization of $1.55 trillion, a price-to-earnings ratio of 27.08, a PEG ratio of 1.24 and a beta of 1.20. The stock has a fifty day moving average of $694.63 and a two-hundred day moving average of $706.53. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.98 and a current ratio of 1.98.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings data on Wednesday, October 29th. The social networking company reported $7.25 EPS 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 firm had revenue of $51.24 billion during the quarter, compared to analysts’ expectations of $49.34 billion. During the same quarter last year, the business posted $6.03 EPS. The firm’s quarterly revenue was up 26.2% compared to the same quarter last year. Meta Platforms has set its Q4 2025 guidance at EPS. On average, analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on META. Citigroup lowered their price objective on Meta Platforms from $915.00 to $850.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. Truist Financial dropped their price objective on Meta Platforms from $900.00 to $875.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. Scotiabank boosted their target price on shares of Meta Platforms from $675.00 to $685.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 31st. TD Cowen cut their price target on shares of Meta Platforms from $875.00 to $810.00 and set a “buy” rating for the company in a report on Thursday, October 30th. Finally, Hsbc Global Res raised shares of Meta Platforms from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 31st. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $823.93.

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.