Wincap Financial LLC increased its holdings in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 275.8% in the 2nd quarter, Holdings Channel reports. The fund owned 2,424 shares of the social networking company’s stock after purchasing an additional 1,779 shares during the period. Meta Platforms makes up about 1.4% of Wincap Financial LLC’s portfolio, making the stock its 16th biggest position. Wincap Financial LLC’s holdings in Meta Platforms were worth $1,789,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of META. Evergreen Private Wealth LLC increased its stake in Meta Platforms by 237.5% in the 2nd quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company’s stock valued at $40,000 after buying an additional 38 shares during the period. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Meta Platforms during the 1st quarter valued at $33,000. Briaud Financial Planning Inc purchased a new position in shares of Meta Platforms during the 2nd quarter valued at $42,000. WFA Asset Management Corp increased its stake in shares of Meta Platforms by 42.6% in 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 during the last quarter. Finally, Maseco LLP acquired a new position in shares of Meta Platforms in the second quarter worth $54,000. 79.91% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on the company. Wall Street Zen cut Meta Platforms from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Roth Capital reissued a “buy” rating on shares of Meta Platforms in a research note on Thursday, October 30th. Rosenblatt Securities increased their price objective on Meta Platforms from $1,086.00 to $1,117.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $825.00 price objective (down previously from $900.00) on shares of Meta Platforms in a research report on Thursday, October 30th. Finally, Pivotal Research boosted their target price on shares of Meta Platforms from $830.00 to $930.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Meta Platforms currently has a consensus rating of “Moderate Buy” and a consensus target price of $827.60.
Meta Platforms Stock Up 0.4%
Meta Platforms stock opened at $621.71 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.98 and a quick ratio of 1.98. Meta Platforms, Inc. has a fifty-two week low of $479.80 and a fifty-two week high of $796.25. The firm has a fifty day moving average price of $726.22 and a two-hundred day moving average price of $701.11. The firm has a market cap of $1.56 trillion, a price-to-earnings ratio of 27.46, a P/E/G ratio of 1.37 and a beta of 1.20.
Meta Platforms (NASDAQ:META – Get Free Report) last issued its quarterly earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.74 by $0.51. Meta Platforms had a return on equity of 39.35% and a net margin of 30.89%.The company had revenue of $51.24 billion for the quarter, compared to the consensus estimate of $49.34 billion. During the same period last year, the business posted $6.03 earnings per share. The firm’s revenue was up 26.2% compared to the same quarter last year. Meta Platforms has set its Q4 2025 guidance at EPS. As a group, analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.
Meta Platforms Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Monday, September 22nd. Meta Platforms’s payout ratio is currently 9.28%.
Insider Activity at Meta Platforms
In related news, CFO Susan J. Li sold 18,332 shares of the company’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $764.71, for a total transaction of $14,018,663.72. Following the completion of the transaction, the chief financial officer directly owned 84,141 shares in the company, valued at $64,343,464.11. This represents a 17.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Javier Olivan sold 2,612 shares of the stock in a transaction on Friday, August 15th. The shares were sold at an average price of $782.13, for a total transaction of $2,042,923.56. Following the completion of the sale, the chief operating officer directly owned 7,609 shares of the company’s stock, valued at approximately $5,951,227.17. This trade represents a 25.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 75,798 shares of company stock valued at $58,347,026. 13.61% of the stock is owned by corporate insiders.
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.
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