Continental Investors Services Inc. Makes New $204,000 Investment in Meta Platforms, Inc. $META

Continental Investors Services Inc. bought a new position in shares of Meta Platforms, Inc. (NASDAQ:META) during the 2nd quarter, Holdings Channel reports. The firm bought 276 shares of the social networking company’s stock, valued at approximately $204,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC lifted its position in shares of Meta Platforms by 1.7% during the fourth quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company’s stock worth $20,230,000 after purchasing an additional 570 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in Meta Platforms by 10.2% during the 4th quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company’s stock worth $5,537,000 after buying an additional 875 shares in the last quarter. 1776 Wealth LLC boosted its position in Meta Platforms by 137.2% in the 1st quarter. 1776 Wealth LLC now owns 1,167 shares of the social networking company’s stock valued at $673,000 after buying an additional 675 shares during the last quarter. Smart Money Group LLC boosted its position in Meta Platforms by 20.4% in the 1st quarter. Smart Money Group LLC now owns 2,052 shares of the social networking company’s stock valued at $1,182,000 after buying an additional 348 shares during the last quarter. Finally, Spear Holdings RSC Ltd acquired a new stake in shares of Meta Platforms in the 1st quarter valued at $37,463,000. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Sanford C. Bernstein reiterated an “outperform” rating and issued a $870.00 price target (down previously from $900.00) on shares of Meta Platforms in a report on Thursday, October 30th. Wedbush restated an “outperform” rating and set a $920.00 target price on shares of Meta Platforms in a research report on Thursday, October 30th. Piper Sandler reduced their target price on shares of Meta Platforms from $880.00 to $840.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Monness Crespi & Hardt lowered their price target on shares of Meta Platforms from $860.00 to $808.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Finally, Zacks Research upgraded shares of Meta Platforms from a “hold” rating to a “strong-buy” rating in a report on Monday, October 20th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $827.60.

Insider Transactions at Meta Platforms

In related news, COO Javier Olivan sold 517 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $656.00, for a total value of $339,152.00. Following the completion of the transaction, the chief operating officer directly owned 7,441 shares in the company, valued at approximately $4,881,296. The trade was a 6.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert M. Kimmitt sold 465 shares of the stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $716.97, for a total value of $333,391.05. Following the sale, the director directly owned 7,947 shares of the company’s stock, valued at approximately $5,697,760.59. The trade was a 5.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 58,397 shares of company stock valued at $44,662,165 over the last 90 days. 13.61% of the stock is owned by company insiders.

Meta Platforms Trading Down 0.7%

META opened at $627.08 on Wednesday. The firm’s fifty day moving average is $721.92 and its two-hundred day moving average is $705.05. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.98 and a current ratio of 1.98. The firm has a market cap of $1.58 trillion, a PE ratio of 27.70, a price-to-earnings-growth ratio of 1.40 and a beta of 1.20. Meta Platforms, Inc. has a twelve month low of $479.80 and a twelve month high of $796.25.

Meta Platforms (NASDAQ:META) last announced 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 net margin of 30.89% and a return on equity of 39.35%. The company had revenue of $51.24 billion during the quarter, compared to analyst estimates of $49.34 billion. During the same quarter in the previous year, the business earned $6.03 EPS. The firm’s revenue was up 26.2% on a year-over-year basis. Meta Platforms has set its Q4 2025 guidance at EPS. Equities research analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS 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 issued a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Monday, September 22nd. Meta Platforms’s dividend payout ratio is 9.28%.

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.