Meta Platforms, Inc. $META Holdings Raised by Resonant Capital Advisors LLC

Resonant Capital Advisors LLC lifted its stake in Meta Platforms, Inc. (NASDAQ:META) by 17.8% in the second quarter, HoldingsChannel reports. The firm owned 12,878 shares of the social networking company’s stock after purchasing an additional 1,942 shares during the period. Resonant Capital Advisors LLC’s holdings in Meta Platforms were worth $9,505,000 at the end of the most recent quarter.

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

Insider Transactions at Meta Platforms

In other Meta Platforms news, COO Javier Olivan sold 517 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were 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 of the company’s stock, valued at $4,881,296. The trade was a 6.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert M. Kimmitt sold 465 shares of the firm’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 directly owned 7,947 shares in the company, valued at approximately $5,697,760.59. This represents a 5.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 75,798 shares of company stock worth $58,347,026. 13.61% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

META has been the subject of several research analyst reports. Benchmark downgraded Meta Platforms from a “buy” rating to a “hold” rating in a research note on Thursday, October 30th. Stifel Nicolaus reduced their price target on shares of Meta Platforms from $900.00 to $875.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Needham & Company LLC reaffirmed a “hold” rating on shares of Meta Platforms in a research report on Thursday, October 30th. UBS Group upped their price objective on shares of Meta Platforms from $900.00 to $915.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Finally, Hsbc Global Res upgraded shares of Meta Platforms from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 31st. Four analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $827.60.

Meta Platforms Price Performance

NASDAQ META opened at $618.94 on Friday. Meta Platforms, Inc. has a fifty-two week low of $479.80 and a fifty-two week high of $796.25. The stock’s 50-day moving average is $728.56 and its two-hundred day moving average is $700.16. The firm has a market cap of $1.55 trillion, a P/E ratio of 27.34, a price-to-earnings-growth ratio of 1.41 and a beta of 1.20. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.98 and a quick ratio of 1.98.

Meta Platforms (NASDAQ:META) last released its quarterly earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share (EPS) for the quarter, topping 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 company had revenue of $51.24 billion during the quarter, compared to the consensus estimate of $49.34 billion. During the same quarter in the prior year, the company posted $6.03 EPS. The firm’s revenue was up 26.2% on a year-over-year basis. Meta Platforms has set its Q4 2025 guidance at EPS. On average, analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal 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 given a $0.525 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. Meta Platforms’s dividend payout ratio (DPR) is currently 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.