Quadrant Private Wealth Management LLC Increases Stake in Meta Platforms, Inc. $META

Quadrant Private Wealth Management LLC grew its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 3.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 20,757 shares of the social networking company’s stock after purchasing an additional 664 shares during the quarter. Meta Platforms comprises approximately 3.2% of Quadrant Private Wealth Management LLC’s investment portfolio, making the stock its 2nd largest position. Quadrant Private Wealth Management LLC’s holdings in Meta Platforms were worth $15,321,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. KCM Investment Advisors LLC increased its position in shares of Meta Platforms by 1.1% during the second quarter. KCM Investment Advisors LLC now owns 6,703 shares of the social networking company’s stock worth $4,947,000 after buying an additional 70 shares during the period. Marco Investment Management LLC boosted its position in Meta Platforms by 1.2% during the second quarter. Marco Investment Management LLC now owns 9,602 shares of the social networking company’s stock valued at $7,087,000 after acquiring an additional 116 shares during the last quarter. Rialto Wealth Management LLC grew its holdings in Meta Platforms by 2.7% during the 2nd quarter. Rialto Wealth Management LLC now owns 1,040 shares of the social networking company’s stock worth $768,000 after acquiring an additional 27 shares during the period. Chancellor Financial Group WB LP raised its position in shares of Meta Platforms by 2.2% in the 2nd quarter. Chancellor Financial Group WB LP now owns 1,390 shares of the social networking company’s stock worth $1,026,000 after acquiring an additional 30 shares in the last quarter. Finally, Harvest Portfolios Group Inc. raised its position in shares of Meta Platforms by 54.4% in the 2nd quarter. Harvest Portfolios Group Inc. now owns 98,996 shares of the social networking company’s stock worth $73,068,000 after acquiring an additional 34,874 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Insider Buying and Selling

In other news, CFO Susan J. Li sold 6,875 shares of the stock in a transaction that occurred on Saturday, November 15th. The stock was sold at an average price of $609.46, for a total value of $4,190,037.50. Following the completion of the sale, the chief financial officer directly owned 88,370 shares of the company’s stock, valued at $53,857,980.20. This represents a 7.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Andrew Bosworth sold 5,063 shares of Meta Platforms stock in a transaction that occurred on Saturday, November 15th. The shares were sold at an average price of $609.46, for a total value of $3,085,695.98. Following the transaction, the chief technology officer directly owned 6,936 shares in the company, valued at approximately $4,227,214.56. The trade was a 42.20% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 28,424 shares of company stock valued at $18,868,377. Company insiders own 13.61% of the company’s stock.

Meta Platforms Stock Performance

Shares of META stock opened at $597.69 on Wednesday. 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 fifty day simple moving average of $707.36 and a two-hundred day simple moving average of $706.50. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25. The firm has a market capitalization of $1.51 trillion, a PE ratio of 26.40, a price-to-earnings-growth ratio of 1.34 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last issued 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. The firm had revenue of $51.24 billion during the quarter, compared to analysts’ expectations of $49.34 billion. Meta Platforms had a net margin of 30.89% and a return on equity of 39.35%. The business’s revenue was up 26.2% on a year-over-year basis. During the same period last year, the company earned $6.03 earnings per share. Meta Platforms has set its Q4 2025 guidance at EPS. Analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were paid a dividend of $0.525 per share. The ex-dividend date was Monday, September 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 0.4%. Meta Platforms’s payout ratio is 9.28%.

Analyst Upgrades and Downgrades

Several research firms recently commented on META. Wells Fargo & Company decreased their target price on Meta Platforms from $837.00 to $802.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Mizuho cut their price target on Meta Platforms from $925.00 to $815.00 and set an “outperform” rating on the stock in a report on Thursday, October 30th. Guggenheim reiterated a “buy” rating and issued a $800.00 price objective (up previously from $725.00) on shares of Meta Platforms in a research note on Monday, July 28th. Scotiabank increased 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 note on Thursday, July 31st. Finally, Bank of America reduced their price target on shares of Meta Platforms from $900.00 to $810.00 and set a “buy” rating for the company in a report on Thursday, October 30th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $827.60.

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.