Waterfront Wealth Inc. Boosts Stock Position in Meta Platforms, Inc. $META

Waterfront Wealth Inc. boosted its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 41.5% during the second quarter, Holdings Channel reports. The firm owned 1,013 shares of the social networking company’s stock after acquiring an additional 297 shares during the quarter. Waterfront Wealth Inc.’s holdings in Meta Platforms were worth $748,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Kingstone Capital Partners Texas LLC raised its holdings in shares of Meta Platforms by 608,429.2% during the second 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 acquiring an additional 59,766,000 shares in the last quarter. Nuveen LLC bought a new stake in Meta Platforms in the first quarter valued at $2,990,544,000. Amundi increased its position in Meta Platforms by 23.5% during the 1st quarter. Amundi now owns 7,733,061 shares of the social networking company’s stock valued at $4,111,050,000 after purchasing an additional 1,470,070 shares during the period. Goldman Sachs Group Inc. raised its holdings in 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 in the last quarter. Finally, Strs Ohio purchased a new stake in shares of Meta Platforms in the 1st quarter worth about $571,086,000. Institutional investors own 79.91% of the company’s stock.

Insider Buying and Selling

In other news, COO Javier Olivan sold 2,612 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $782.13, for a total value of $2,042,923.56. Following the transaction, the chief operating officer owned 7,609 shares in the company, valued at approximately $5,951,227.17. This represents a 25.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CTO Andrew Bosworth sold 11,694 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $775.00, for a total transaction of $9,062,850.00. Following the sale, the chief technology officer owned 1,799 shares in the company, valued at approximately $1,394,225. The trade was a 86.67% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 75,281 shares of company stock worth $57,948,936 over the last quarter. 13.61% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Monness Crespi & Hardt cut their target price on shares of Meta Platforms from $860.00 to $808.00 and set a “buy” rating on the stock in a research note on Thursday, October 30th. Roth Capital restated a “buy” rating on shares of Meta Platforms in a report on Thursday, October 30th. Barclays reduced their target price on Meta Platforms from $810.00 to $770.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Raymond James Financial reissued a “strong-buy” rating and issued a $825.00 target price (down previously from $900.00) on shares of Meta Platforms in a research report on Thursday, October 30th. Finally, Citizens Jmp raised their target price on Meta Platforms from $750.00 to $900.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. Four analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Meta Platforms has an average rating of “Moderate Buy” and a consensus target price of $827.60.

Meta Platforms Stock Performance

Shares of META opened at $621.71 on Monday. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.15. The stock has a market cap of $1.57 trillion, a P/E ratio of 27.46, a P/E/G ratio of 1.38 and a beta of 1.20. The business’s 50 day moving average price is $726.22 and its 200-day moving average price is $703.79. Meta Platforms, Inc. has a 52 week low of $479.80 and a 52 week high of $796.25.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings data on Wednesday, October 29th. The social networking company reported $7.25 earnings per share (EPS) for the quarter, beating 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 business had revenue of $51.24 billion during the quarter, compared to analysts’ expectations of $49.34 billion. During the same quarter in the previous year, the business earned $6.03 earnings per share. 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. Equities research analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The business 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. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, September 22nd. Meta Platforms’s payout ratio 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.