Mattern Capital Management LLC Purchases 216 Shares of Meta Platforms, Inc. $META

Mattern Capital Management LLC lifted its position in Meta Platforms, Inc. (NASDAQ:META) by 14.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,751 shares of the social networking company’s stock after buying an additional 216 shares during the quarter. Mattern Capital Management LLC’s holdings in Meta Platforms were worth $1,292,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in META. Inlight Wealth Management LLC bought a new stake in shares of Meta Platforms in the 1st quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Meta Platforms in the 1st quarter valued at approximately $28,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Meta Platforms in the 1st quarter valued at approximately $33,000. Evergreen Private Wealth LLC lifted its holdings 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 worth $40,000 after purchasing an additional 38 shares during the last quarter. Finally, JCIC Asset Management Inc. lifted its holdings in Meta Platforms by 102.6% in the 1st quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company’s stock worth $46,000 after purchasing an additional 40 shares during the last quarter. Institutional investors own 79.91% of the company’s stock.

Meta Platforms Stock Up 2.2%

Shares of META stock opened at $733.51 on Friday. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25. The firm has a market cap of $1.84 trillion, a PE ratio of 26.56, a price-to-earnings-growth ratio of 1.50 and a beta of 1.20. The stock has a 50 day moving average of $753.09 and a 200-day moving average of $678.22. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.15.

Meta Platforms (NASDAQ:META) last issued its earnings results on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, beating analysts’ consensus estimates of $5.75 by $1.39. The business had revenue of $47.52 billion during the quarter, compared to analyst estimates of $44.55 billion. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.Meta Platforms’s revenue was up 21.6% on a year-over-year basis. During the same period in the prior year, the company posted $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. On average, equities analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Monday, September 22nd. Meta Platforms’s dividend payout ratio is presently 7.60%.

Wall Street Analyst Weigh In

META has been the subject of several analyst reports. Wells Fargo & Company boosted their target price on Meta Platforms from $811.00 to $837.00 and gave the stock an “overweight” rating in a report on Tuesday. Mizuho set a $925.00 target price on Meta Platforms and gave the stock an “outperform” rating in a report on Monday, September 29th. Bank of America boosted their target price on Meta Platforms from $775.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Zacks Research lowered Meta Platforms from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $920.00 target price on shares of Meta Platforms in a report on Wednesday, September 17th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Meta Platforms presently has an average rating of “Moderate Buy” and a consensus price target of $830.68.

Insider Transactions at Meta Platforms

In related news, CFO Susan J. Li sold 18,332 shares of the company’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $764.71, for a total value of $14,018,663.72. Following the completion of the transaction, the chief financial officer directly owned 84,141 shares in the company, valued at approximately $64,343,464.11. This represents a 17.89% 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, CEO Mark Zuckerberg sold 15,847 shares of the company’s stock in a transaction on Monday, August 4th. The shares were sold at an average price of $769.38, for a total value of $12,192,364.86. The disclosure for this sale can be found here. Over the last three months, insiders have sold 214,182 shares of company stock valued at $164,946,219. Company insiders own 13.61% of the company’s stock.

About Meta Platforms

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.