Marietta Wealth Management LLC Has $12.19 Million Holdings in Meta Platforms, Inc. $META

Marietta Wealth Management LLC grew its position in Meta Platforms, Inc. (NASDAQ:META) by 0.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,517 shares of the social networking company’s stock after purchasing an additional 149 shares during the period. Meta Platforms comprises about 1.6% of Marietta Wealth Management LLC’s holdings, making the stock its 19th largest position. Marietta Wealth Management LLC’s holdings in Meta Platforms were worth $12,191,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Pachira Investments Inc. lifted its position in shares of Meta Platforms by 3.0% in the 2nd quarter. Pachira Investments Inc. now owns 488 shares of the social networking company’s stock worth $360,000 after acquiring an additional 14 shares during the period. Shelton Wealth Management LLC lifted its position in shares of Meta Platforms by 0.9% in the 2nd quarter. Shelton Wealth Management LLC now owns 1,764 shares of the social networking company’s stock worth $1,302,000 after acquiring an additional 15 shares during the period. Myecfo LLC lifted its position in shares of Meta Platforms by 2.0% in the 2nd quarter. Myecfo LLC now owns 776 shares of the social networking company’s stock worth $573,000 after acquiring an additional 15 shares during the period. Kooman & Associates lifted its position in shares of Meta Platforms by 2.8% in the 2nd quarter. Kooman & Associates now owns 544 shares of the social networking company’s stock worth $402,000 after acquiring an additional 15 shares during the period. Finally, Nabity Jensen Investment Management Inc lifted its position in shares of Meta Platforms by 1.1% in the 2nd quarter. Nabity Jensen Investment Management Inc now owns 1,378 shares of the social networking company’s stock worth $1,017,000 after acquiring an additional 15 shares during the period. 79.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on META. JMP Securities raised their price objective on Meta Platforms from $750.00 to $900.00 and gave the stock a “market outperform” rating in a research report on Thursday, July 31st. JPMorgan Chase & Co. raised their price objective on Meta Platforms from $795.00 to $875.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Monness Crespi & Hardt raised their price objective on Meta Platforms from $780.00 to $860.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Weiss Ratings reiterated a “buy (b)” rating on shares of Meta Platforms in a research report on Wednesday, October 8th. Finally, Zacks Research downgraded Meta Platforms from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 19th. Four research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $830.68.

Insiders Place Their Bets

In other Meta Platforms news, CTO Andrew Bosworth sold 11,694 shares of Meta Platforms stock in a transaction on Monday, August 18th. The stock was sold at an average price of $775.00, for a total value of $9,062,850.00. Following the completion of the transaction, the chief technology officer owned 1,799 shares in the company, valued at approximately $1,394,225. The trade was a 86.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Mark Zuckerberg sold 15,847 shares of Meta Platforms stock in a transaction on Monday, August 4th. The shares were sold at an average price of $769.38, for a total value of $12,192,364.86. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 213,665 shares of company stock worth $164,575,272. 13.61% of the stock is owned by company insiders.

Meta Platforms Price Performance

Meta Platforms stock opened at $705.30 on Monday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.97 and a quick ratio of 1.97. The company has a market capitalization of $1.77 trillion, a PE ratio of 25.54, a price-to-earnings-growth ratio of 1.47 and a beta of 1.20. Meta Platforms, Inc. has a one year low of $479.80 and a one year high of $796.25. The business has a 50 day simple moving average of $752.20 and a 200 day simple moving average of $679.78.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $44.55 billion. During the same quarter in the previous year, the company posted $5.16 EPS. The business’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. On average, sell-side analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were given a $0.525 dividend. The ex-dividend date was Monday, September 22nd. This represents a $2.10 annualized dividend and a yield of 0.3%. Meta Platforms’s payout ratio is presently 7.60%.

About Meta Platforms

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.