Meta Platforms, Inc. $META Stake Increased by Prosperity Wealth Management Inc.

Prosperity Wealth Management Inc. raised its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 5.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,549 shares of the social networking company’s stock after acquiring an additional 232 shares during the quarter. Meta Platforms makes up 1.2% of Prosperity Wealth Management Inc.’s portfolio, making the stock its 15th biggest position. Prosperity Wealth Management Inc.’s holdings in Meta Platforms were worth $3,358,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Evergreen Private Wealth LLC increased its holdings in Meta Platforms by 237.5% in the second 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 last quarter. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Meta Platforms in the 1st quarter worth approximately $33,000. Briaud Financial Planning Inc acquired a new position in shares of Meta Platforms in the 2nd quarter worth approximately $42,000. WFA Asset Management Corp increased its holdings in shares of Meta Platforms by 42.6% in the 2nd quarter. WFA Asset Management Corp now owns 67 shares of the social networking company’s stock valued at $49,000 after acquiring an additional 20 shares during the last quarter. Finally, Maseco LLP acquired a new stake in shares of Meta Platforms during the 2nd quarter valued at approximately $54,000. Institutional investors own 79.91% of the company’s stock.

Insider Transactions at Meta Platforms

In related news, insider Jennifer Newstead sold 516 shares of Meta Platforms stock in a transaction on Monday, November 10th. The stock was sold at an average price of $631.00, for a total value of $325,596.00. Following the transaction, the insider directly owned 26,721 shares in the company, valued at $16,860,951. The trade was a 1.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert M. Kimmitt sold 465 shares of the company’s stock in a transaction on Wednesday, October 15th. The shares were 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. This represents a 5.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 59,430 shares of company stock valued at $45,313,988 in the last three months. 13.61% of the stock is currently owned by corporate insiders.

Meta Platforms Trading Down 2.9%

Shares of NASDAQ:META opened at $609.01 on Thursday. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.15. The company’s 50-day moving average price is $719.36 and its 200 day moving average price is $704.38. The company has a market cap of $1.54 trillion, a PE ratio of 26.90, a P/E/G ratio of 1.39 and a beta of 1.20. Meta Platforms, Inc. has a fifty-two week low of $479.80 and a fifty-two week 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 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 for the quarter, compared to analyst estimates of $49.34 billion. During the same quarter last year, the business earned $6.03 earnings per share. Meta Platforms’s revenue was up 26.2% compared to the same quarter last year. Meta Platforms has set its Q4 2025 guidance at EPS. Sell-side analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have commented on META. Oppenheimer downgraded shares of Meta Platforms from an “outperform” rating to a “market perform” rating in a report on Thursday, October 30th. JMP Securities raised their price target on shares of Meta Platforms from $750.00 to $900.00 and gave the stock a “market outperform” rating in a research report on Thursday, July 31st. Loop Capital reaffirmed a “buy” rating and issued a $980.00 price target (up from $888.00) on shares of Meta Platforms in a report on Tuesday, August 5th. Wedbush reaffirmed an “outperform” rating and set a $920.00 price objective on shares of Meta Platforms in a research report on Thursday, October 30th. Finally, Wall Street Zen cut shares of Meta Platforms from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average 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.