Firethorn Wealth Partners LLC Raises Stock Position in Meta Platforms, Inc. $META

Firethorn Wealth Partners LLC grew its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 21.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,676 shares of the social networking company’s stock after buying an additional 291 shares during the period. Firethorn Wealth Partners LLC’s holdings in Meta Platforms were worth $1,237,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of META. Kingstone Capital Partners Texas LLC boosted its holdings in shares of Meta Platforms by 608,429.2% during the 2nd 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 buying an additional 59,766,000 shares in the last quarter. Nuveen LLC bought a new stake in shares of Meta Platforms during the 1st quarter valued at $2,990,544,000. Amundi boosted its holdings in shares of 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 buying an additional 1,470,070 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Meta Platforms by 8.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 15,575,962 shares of the social networking company’s stock valued at $8,977,361,000 after buying an additional 1,255,546 shares in the last quarter. Finally, Strs Ohio bought a new stake in shares of Meta Platforms during the 1st quarter valued at $571,086,000. Institutional investors own 79.91% of the company’s stock.

Insider Activity at Meta Platforms

In other Meta Platforms news, CTO Andrew Bosworth sold 11,694 shares of the company’s stock in a transaction dated 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 transaction, the chief technology officer owned 1,799 shares in the company, valued at approximately $1,394,225. This represents a 86.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Susan J. Li sold 18,332 shares of the company’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $764.71, for a total transaction of $14,018,663.72. Following the transaction, the chief financial officer owned 84,141 shares in the company, valued at $64,343,464.11. This represents a 17.89% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 213,665 shares of company stock worth $164,575,272 over the last quarter. 13.61% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

META has been the topic of a number of research reports. TD Cowen boosted their target price on shares of Meta Platforms from $800.00 to $875.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Mizuho set a $925.00 target price on shares of Meta Platforms and gave the company an “outperform” rating in a report on Monday, September 29th. Morgan Stanley upped their price target on shares of Meta Platforms from $750.00 to $850.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. Roth Capital upped their price target on shares of Meta Platforms from $620.00 to $740.00 and gave the stock a “buy” rating in a research note on Tuesday, July 8th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Meta Platforms in a research note on Wednesday, October 8th. Four analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $830.68.

Meta Platforms Price Performance

META opened at $705.30 on Monday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.97. The stock has a market capitalization of $1.77 trillion, a P/E ratio of 25.54, a P/E/G ratio of 1.47 and a beta of 1.20. The company’s 50-day simple moving average is $752.20 and its two-hundred day simple moving average is $679.78. Meta Platforms, Inc. has a 52-week low of $479.80 and a 52-week high of $796.25.

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

Meta Platforms Announces Dividend

The business also recently announced 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 annualized dividend and a yield of 0.3%. Meta Platforms’s dividend payout ratio is currently 7.60%.

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.