Kondo Wealth Advisors Inc. Increases Holdings in Meta Platforms, Inc. $META

Kondo Wealth Advisors Inc. raised its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 3.2% in the first quarter, HoldingsChannel reports. The firm owned 738 shares of the social networking company’s stock after buying an additional 23 shares during the quarter. Kondo Wealth Advisors Inc.’s holdings in Meta Platforms were worth $425,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Birchbrook Inc. increased its stake in shares of Meta Platforms by 5.5% during the first quarter. Birchbrook Inc. now owns 2,409 shares of the social networking company’s stock valued at $1,388,000 after buying an additional 126 shares during the period. First Long Island Investors LLC boosted its holdings in Meta Platforms by 29.0% in the first quarter. First Long Island Investors LLC now owns 46,902 shares of the social networking company’s stock valued at $27,032,000 after acquiring an additional 10,531 shares in the last quarter. eCIO Inc. purchased a new position in Meta Platforms during the 1st quarter valued at $58,000. Militia Capital Partners LP increased its position in Meta Platforms by 420.0% during the 1st quarter. Militia Capital Partners LP now owns 1,600 shares of the social networking company’s stock valued at $922,000 after purchasing an additional 2,100 shares during the period. Finally, CBIZ Investment Advisory Services LLC raised its holdings in Meta Platforms by 108.2% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 383 shares of the social networking company’s stock worth $221,000 after purchasing an additional 199 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on META. Oppenheimer boosted their price target on shares of Meta Platforms from $775.00 to $870.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. Piper Sandler lifted their price objective on Meta Platforms from $808.00 to $880.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. DA Davidson upped their target price on Meta Platforms from $650.00 to $825.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Wells Fargo & Company raised their target price on Meta Platforms from $783.00 to $811.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Finally, Canaccord Genuity Group lifted their price target on Meta Platforms from $825.00 to $850.00 and gave the company a “buy” rating in a research report on Wednesday, July 16th. Three research analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $822.41.

Insider Activity

In other Meta Platforms news, insider Jennifer Newstead sold 519 shares of the company’s stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $757.50, for a total value of $393,142.50. Following the completion of the transaction, the insider directly owned 31,389 shares in the company, valued at $23,777,167.50. This represents a 1.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Susan J. Li sold 18,332 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $764.71, for a total transaction of $14,018,663.72. Following the completion of the sale, the chief financial officer directly owned 84,141 shares of the company’s stock, valued at approximately $64,343,464.11. This trade represents a 17.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 283,280 shares of company stock worth $214,119,908 in the last quarter. 13.61% of the stock is currently owned by insiders.

Meta Platforms Price Performance

NASDAQ META opened at $750.90 on Friday. Meta Platforms, Inc. has a one year low of $479.80 and a one year high of $796.25. The stock has a 50-day moving average of $741.05 and a 200 day moving average of $661.24. 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 company has a market capitalization of $1.89 trillion, a price-to-earnings ratio of 27.19, a PEG ratio of 1.55 and a beta of 1.24.

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

Meta Platforms Dividend Announcement

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

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.