Meta Platforms, Inc. $META Shares Acquired by Keudell Morrison Wealth Management

Keudell Morrison Wealth Management lifted its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 2.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,331 shares of the social networking company’s stock after buying an additional 77 shares during the period. Keudell Morrison Wealth Management’s holdings in Meta Platforms were worth $2,459,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Measured Risk Portfolios Inc. acquired a new stake in shares of Meta Platforms during the 2nd quarter worth $249,000. VAUGHAN & Co SECURITIES INC. purchased a new stake in Meta Platforms during the 2nd quarter worth $223,000. Orca Wealth Management LLC purchased a new stake in Meta Platforms during the 2nd quarter worth $205,000. Beacon Financial Advisory LLC boosted its position in Meta Platforms by 4.2% during the 2nd quarter. Beacon Financial Advisory LLC now owns 3,246 shares of the social networking company’s stock worth $2,396,000 after purchasing an additional 131 shares during the period. Finally, Marietta Wealth Management LLC boosted its position in Meta Platforms by 0.9% during the 2nd quarter. Marietta Wealth Management LLC now owns 16,517 shares of the social networking company’s stock worth $12,191,000 after purchasing an additional 149 shares during the period. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on META shares. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $920.00 price target on shares of Meta Platforms in a research report on Wednesday, September 17th. Wells Fargo & Company upped their price target on shares of Meta Platforms from $811.00 to $837.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 7th. HSBC raised shares of Meta Platforms from a “hold” rating to a “buy” rating and upped their price target for the stock from $610.00 to $900.00 in a research report on Thursday, July 31st. Royal Bank Of Canada upped their price target on shares of Meta Platforms from $740.00 to $840.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Finally, Hsbc Global Res raised shares of Meta Platforms from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 31st. 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. Based on data from MarketBeat.com, Meta Platforms has an average rating of “Moderate Buy” and an average target price of $830.68.

Insider Activity

In other news, COO Javier Olivan sold 517 shares of the company’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $704.81, for a total value of $364,386.77. Following the sale, the chief operating officer owned 9,509 shares in the company, valued at approximately $6,702,038.29. This represents a 5.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert M. Kimmitt sold 465 shares of the stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $757.47, for a total transaction of $352,223.55. Following the sale, the director owned 8,412 shares in the company, valued at approximately $6,371,837.64. This trade represents a 5.24% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 213,665 shares of company stock worth $164,575,272. 13.61% of the stock is currently owned by corporate insiders.

Meta Platforms Stock Performance

Shares of META stock opened at $705.30 on Monday. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.97 and a quick ratio of 1.97. The firm 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 fifty day moving average price is $752.20 and its two-hundred day moving average price is $679.78.

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

Meta Platforms Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 29th. Stockholders 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 7.60%.

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.