Linscomb Wealth Inc. Purchases 102 Shares of Meta Platforms, Inc. $META

Linscomb Wealth Inc. boosted its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 0.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,218 shares of the social networking company’s stock after acquiring an additional 102 shares during the period. Meta Platforms makes up approximately 0.6% of Linscomb Wealth Inc.’s investment portfolio, making the stock its 26th largest holding. Linscomb Wealth Inc.’s holdings in Meta Platforms were worth $13,447,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Evergreen Private Wealth LLC increased its stake in Meta Platforms by 237.5% during 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 in the last quarter. MJT & Associates Financial Advisory Group Inc. bought a new position in Meta Platforms in the first quarter valued at approximately $33,000. Briaud Financial Planning Inc acquired a new position in shares of Meta Platforms in the second quarter valued at approximately $42,000. WFA Asset Management Corp increased its position in shares of Meta Platforms by 42.6% during the second quarter. WFA Asset Management Corp now owns 67 shares of the social networking company’s stock worth $49,000 after acquiring an additional 20 shares in the last quarter. Finally, Maseco LLP acquired a new stake in shares of Meta Platforms during the second quarter worth $54,000. 79.91% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Meta Platforms

In related news, insider Jennifer Newstead sold 519 shares of Meta Platforms stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $628.00, for a total transaction of $325,932.00. Following the completion of the transaction, the insider owned 27,237 shares in the company, valued at approximately $17,104,836. This trade represents a 1.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert M. Kimmitt sold 465 shares of the company’s stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $716.97, for a total value of $333,391.05. Following the completion of the sale, the director owned 7,947 shares in the company, valued at $5,697,760.59. This represents a 5.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 59,434 shares of company stock worth $45,476,396. Insiders own 13.61% of the company’s stock.

Analysts Set New Price Targets

META has been the subject of a number of research analyst reports. KeyCorp reduced their target price on shares of Meta Platforms from $905.00 to $875.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Piper Sandler reduced their price objective on Meta Platforms from $880.00 to $840.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. Citizens Jmp increased their price objective on Meta Platforms from $750.00 to $900.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. Pivotal Research boosted their target price on Meta Platforms from $830.00 to $930.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Finally, Stifel Nicolaus reduced their price target on Meta Platforms from $900.00 to $875.00 and set a “buy” rating for the company in a research 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 company. According to data from MarketBeat.com, Meta Platforms currently has a consensus rating of “Moderate Buy” and a consensus price target of $827.60.

Meta Platforms Trading Up 1.6%

Shares of Meta Platforms stock opened at $631.76 on Tuesday. The stock has a market cap of $1.59 trillion, a P/E ratio of 27.90, a P/E/G ratio of 1.38 and a beta of 1.20. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.15. Meta Platforms, Inc. has a 12-month low of $479.80 and a 12-month high of $796.25. The business’s 50 day moving average is $724.08 and its 200-day moving average is $704.49.

Meta Platforms (NASDAQ:META) last released its earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share for the quarter, beating the consensus estimate of $6.74 by $0.51. Meta Platforms had a net margin of 30.89% and a return on equity of 39.35%. The business had revenue of $51.24 billion during the quarter, compared to analysts’ expectations of $49.34 billion. During the same period last year, the business earned $6.03 earnings per share. The firm’s revenue was up 26.2% on a year-over-year basis. Meta Platforms has set its Q4 2025 guidance at EPS. Equities research analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were issued 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 of this dividend was Monday, September 22nd. Meta Platforms’s dividend payout ratio is presently 9.28%.

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.