Meta Platforms, Inc. $META Shares Acquired by Phillips Wealth Planners LLC

Phillips Wealth Planners LLC grew its stake in Meta Platforms, Inc. (NASDAQ:META) by 13.4% in the second quarter, Holdings Channel reports. The fund owned 1,892 shares of the social networking company’s stock after purchasing an additional 224 shares during the period. Meta Platforms accounts for about 1.2% of Phillips Wealth Planners LLC’s portfolio, making the stock its 12th largest holding. Phillips Wealth Planners LLC’s holdings in Meta Platforms were worth $1,364,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Kingstone Capital Partners Texas LLC increased its position 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 worth $44,119,937,000 after purchasing an additional 59,766,000 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Meta Platforms by 67,172.9% during the 1st quarter. GAMMA Investing LLC now owns 23,452,665 shares of the social networking company’s stock worth $13,517,178,000 after purchasing an additional 23,417,803 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Meta Platforms during the 1st quarter worth about $2,990,544,000. Assenagon Asset Management S.A. increased its position in shares of Meta Platforms by 712.2% during the 1st quarter. Assenagon Asset Management S.A. now owns 2,537,631 shares of the social networking company’s stock worth $1,462,589,000 after purchasing an additional 2,225,186 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Meta Platforms during the 4th quarter worth about $1,162,918,000. 79.91% of the stock is owned by institutional investors and hedge funds.

Meta Platforms Trading Down 0.2%

NASDAQ:META opened at $778.38 on Monday. The firm has a market cap of $1.96 trillion, a P/E ratio of 28.18, a PEG ratio of 1.62 and a beta of 1.24. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15. The stock’s 50 day simple moving average is $747.06 and its 200-day simple moving average is $666.27. Meta Platforms, Inc. has a 12-month low of $479.80 and a 12-month high of $796.25.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $44.55 billion. During the same period in the previous year, the business earned $5.16 earnings per share. The company’s revenue for the quarter was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. Equities analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Announces Dividend

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

Analyst Upgrades and Downgrades

META has been the subject of a number of recent analyst reports. Needham & Company LLC raised Meta Platforms from an “underperform” rating to a “hold” rating in a research report on Thursday, July 3rd. JMP Securities raised their target price on Meta Platforms from $750.00 to $900.00 and gave the company a “market outperform” 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 report on Thursday, July 31st. Sanford C. Bernstein raised their target price on Meta Platforms from $775.00 to $900.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $920.00 target price on shares of Meta Platforms in a report on Wednesday, September 17th. Three research 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 stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $826.05.

Insider Activity at Meta Platforms

In related news, COO Javier Olivan sold 517 shares of Meta Platforms stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $757.47, for a total value of $391,611.99. Following the sale, the chief operating officer directly owned 11,060 shares in the company, valued at $8,377,618.20. The trade was a 4.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jennifer Newstead sold 519 shares of the business’s stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $767.16, for a total value of $398,156.04. Following the sale, the insider owned 30,870 shares in the company, valued at approximately $23,682,229.20. The trade was a 1.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 257,405 shares of company stock worth $196,059,438 over the last three months. 13.61% of the stock is currently owned by corporate insiders.

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.