Solstein Capital LLC Purchases 456 Shares of Meta Platforms, Inc. $META

Solstein Capital LLC increased its position in Meta Platforms, Inc. (NASDAQ:META) by 131.0% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 804 shares of the social networking company’s stock after acquiring an additional 456 shares during the quarter. Solstein Capital LLC’s holdings in Meta Platforms were worth $593,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in META. Hoffman Alan N Investment Management bought a new position in shares of Meta Platforms during the second quarter valued at $350,000. Riverwater Partners LLC increased its holdings in Meta Platforms by 13.9% in the second quarter. Riverwater Partners LLC now owns 1,009 shares of the social networking company’s stock valued at $745,000 after purchasing an additional 123 shares during the period. Envestnet Asset Management Inc. raised its position in Meta Platforms by 12.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,880,603 shares of the social networking company’s stock worth $2,126,131,000 after purchasing an additional 326,890 shares during the last quarter. Chilton Capital Management LLC lifted its holdings in Meta Platforms by 11.8% during the 2nd quarter. Chilton Capital Management LLC now owns 139,038 shares of the social networking company’s stock worth $102,623,000 after buying an additional 14,650 shares during the period. Finally, Nisa Investment Advisors LLC grew its position in shares of Meta Platforms by 2.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 629,120 shares of the social networking company’s stock valued at $464,347,000 after buying an additional 12,782 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Meta Platforms Trading Down 2.7%

NASDAQ:META opened at $618.94 on Friday. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $1.55 trillion, a price-to-earnings ratio of 27.34, a PEG ratio of 1.41 and a beta of 1.20. The firm has a fifty day simple moving average of $728.56 and a two-hundred day simple moving average of $700.16.

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

Meta Platforms Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were issued a dividend of $0.525 per share. The ex-dividend date was Monday, September 22nd. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. Meta Platforms’s payout ratio is currently 9.28%.

Insider Activity at Meta Platforms

In other Meta Platforms news, CEO Mark Zuckerberg sold 15,847 shares of the company’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $787.06, for a total transaction of $12,472,539.82. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jennifer Newstead sold 519 shares of the firm’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $775.00, for a total transaction of $402,225.00. Following the completion of the transaction, the insider directly owned 32,946 shares in the company, valued at $25,533,150. This trade represents a 1.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 75,798 shares of company stock valued at $58,347,026 over the last three months. 13.61% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on META. Barclays lowered their price objective on Meta Platforms from $810.00 to $770.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. Bank of America lowered their price target on shares of Meta Platforms from $900.00 to $810.00 and set a “buy” rating for the company in a report on Thursday, October 30th. Citizens Jmp upped their price objective on shares of Meta Platforms from $750.00 to $900.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. Morgan Stanley lifted their target price 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. Finally, JPMorgan Chase & Co. dropped their target price on shares of Meta Platforms from $875.00 to $800.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Four research analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Meta Platforms currently has an average rating of “Moderate Buy” and a consensus target price of $827.60.

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.