Cornerstone Wealth Group LLC Has $14.02 Million Stake in Meta Platforms, Inc. $META

Cornerstone Wealth Group LLC boosted its holdings in Meta Platforms, Inc. (NASDAQ:META) by 4.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,995 shares of the social networking company’s stock after purchasing an additional 882 shares during the quarter. Meta Platforms accounts for about 1.1% of Cornerstone Wealth Group LLC’s portfolio, making the stock its 18th largest holding. Cornerstone Wealth Group LLC’s holdings in Meta Platforms were worth $14,020,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of META. Kingstone Capital Partners Texas LLC raised its position in shares of Meta Platforms by 608,429.2% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 59,775,823 shares of the social networking company’s stock valued at $44,119,937,000 after buying an additional 59,766,000 shares in the last quarter. Nuveen LLC acquired a new position in shares of Meta Platforms in the 1st quarter valued at approximately $2,990,544,000. Amundi raised its position in shares of Meta Platforms by 23.5% in the 1st quarter. Amundi now owns 7,733,061 shares of the social networking company’s stock valued at $4,111,050,000 after buying an additional 1,470,070 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Meta Platforms by 8.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 15,575,962 shares of the social networking company’s stock valued at $8,977,361,000 after buying an additional 1,255,546 shares in the last quarter. Finally, Strs Ohio acquired a new position in shares of Meta Platforms in the 1st quarter valued at approximately $571,086,000. Institutional investors and hedge funds own 79.91% of the company’s stock.

Meta Platforms Trading Up 0.1%

META opened at $734.00 on Friday. Meta Platforms, Inc. has a fifty-two week low of $479.80 and a fifty-two week high of $796.25. 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 firm has a market capitalization of $1.84 trillion, a price-to-earnings ratio of 26.57, a PEG ratio of 1.53 and a beta of 1.20. The company’s 50 day moving average price is $743.05 and its two-hundred day moving average price is $688.52.

Meta Platforms (NASDAQ:META) last posted its earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share for the quarter, topping analysts’ consensus estimates of $5.75 by $1.39. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The firm had revenue of $47.52 billion for the quarter, compared to analyst estimates of $44.55 billion. During the same period in the previous year, the firm posted $5.16 EPS. 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. As a group, research analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Announces Dividend

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

Insiders Place Their Bets

In other Meta Platforms news, COO Javier Olivan sold 517 shares of the business’s stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $721.30, for a total transaction of $372,912.10. Following the sale, the chief operating officer directly owned 8,475 shares of the company’s stock, valued at $6,113,017.50. The trade was a 5.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jennifer Newstead sold 519 shares of the company’s stock in a transaction on Tuesday, October 21st. The shares were sold at an average price of $736.37, for a total transaction of $382,176.03. Following the completion of the sale, the insider directly owned 28,275 shares in the company, valued at approximately $20,820,861.75. This represents a 1.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 214,182 shares of company stock valued at $164,951,541 in the last ninety days. 13.61% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

META has been the subject of several analyst reports. Wells Fargo & Company boosted their target price on shares of Meta Platforms from $811.00 to $837.00 and gave the company an “overweight” rating in a research report on Tuesday, October 7th. Benchmark boosted their target price on shares of Meta Platforms from $800.00 to $890.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. JPMorgan Chase & Co. boosted their target price on shares of Meta Platforms from $795.00 to $875.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. KeyCorp lifted their price target on shares of Meta Platforms from $800.00 to $905.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Finally, Stifel Nicolaus lifted their price target on shares of Meta Platforms from $845.00 to $900.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Five analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Meta Platforms currently has an average rating of “Buy” and an average price target of $829.66.

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.