Cornerstone Select Advisors LLC Buys 230 Shares of Meta Platforms, Inc. $META

Cornerstone Select Advisors LLC boosted its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 8.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,120 shares of the social networking company’s stock after acquiring an additional 230 shares during the period. Meta Platforms accounts for about 1.7% of Cornerstone Select Advisors LLC’s investment portfolio, making the stock its 16th largest position. Cornerstone Select Advisors LLC’s holdings in Meta Platforms were worth $1,798,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of META. Inlight Wealth Management LLC purchased a new stake in Meta Platforms in the 1st quarter worth $25,000. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Meta Platforms in the first quarter worth about $28,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Meta Platforms in the first quarter worth about $33,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of Meta Platforms during the fourth quarter worth about $45,000. Finally, JCIC Asset Management Inc. raised its stake in Meta Platforms by 102.6% during the 1st quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company’s stock valued at $46,000 after purchasing an additional 40 shares during the period. 79.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Meta Platforms news, COO Javier Olivan sold 517 shares of the company’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $775.00, for a total value of $400,675.00. Following the transaction, the chief operating officer directly owned 13,128 shares in the company, valued at $10,174,200. This represents a 3.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Andrew Bosworth sold 11,694 shares of Meta Platforms stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $775.00, for a total transaction of $9,062,850.00. Following the sale, the chief technology officer directly owned 1,799 shares of the company’s stock, valued at $1,394,225. This represents a 86.67% decrease in their position. The disclosure for this sale can be found here. Insiders sold 313,803 shares of company stock worth $235,276,424 over the last 90 days. Corporate insiders own 13.61% of the company’s stock.

Meta Platforms Stock Down 2.1%

Shares of NASDAQ:META opened at $751.48 on Wednesday. The company has a market cap of $1.89 trillion, a price-to-earnings ratio of 27.21, a PEG ratio of 1.59 and a beta of 1.27. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15. The company has a 50-day moving average price of $726.88 and a 200 day moving average price of $656.42.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 earnings per share for the quarter, topping the consensus estimate of $5.75 by $1.39. The company had revenue of $47.52 billion for the quarter, compared to analysts’ expectations of $44.55 billion. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The firm’s revenue for the quarter was up 21.6% on a year-over-year basis. During the same period in the previous year, the firm posted $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, equities research analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Monday, June 16th were issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 0.3%. The ex-dividend date was Monday, June 16th. Meta Platforms’s dividend payout ratio is presently 7.60%.

Wall Street Analyst Weigh In

META has been the subject of several recent analyst reports. Needham & Company LLC upgraded Meta Platforms from an “underperform” rating to a “hold” rating in a research note on Thursday, July 3rd. BMO Capital Markets upped their target price on shares of Meta Platforms from $610.00 to $710.00 and gave the stock a “market perform” rating in a research report on Thursday, July 31st. Truist Financial boosted their price target on shares of Meta Platforms from $700.00 to $720.00 and gave the stock a “buy” rating in a research note on Thursday, May 1st. Cantor Fitzgerald restated an “overweight” rating and set a $920.00 price objective on shares of Meta Platforms in a research report on Wednesday, August 13th. Finally, Benchmark boosted their target price on Meta Platforms from $800.00 to $890.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Meta Platforms currently has a consensus rating of “Moderate Buy” and a consensus price target of $822.41.

Meta Platforms Company 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.