Community Financial Services Group LLC Buys 31 Shares of Meta Platforms, Inc. $META

Community Financial Services Group LLC increased its stake in Meta Platforms, Inc. (NASDAQ:META) by 0.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,219 shares of the social networking company’s stock after purchasing an additional 31 shares during the quarter. Meta Platforms makes up approximately 2.4% of Community Financial Services Group LLC’s portfolio, making the stock its 12th biggest holding. Community Financial Services Group LLC’s holdings in Meta Platforms were worth $11,971,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of META. Kingstone Capital Partners Texas LLC grew its stake in 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 purchased a new position in Meta Platforms in the 1st quarter valued at approximately $2,990,544,000. Assenagon Asset Management S.A. grew its stake in Meta Platforms by 712.2% in the 1st quarter. Assenagon Asset Management S.A. now owns 2,537,631 shares of the social networking company’s stock valued at $1,462,589,000 after buying an additional 2,225,186 shares in the last quarter. Amundi grew its stake in 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. Finally, Goldman Sachs Group Inc. grew its stake in 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. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Raymond James Financial boosted their price target on shares of Meta Platforms from $750.00 to $900.00 and gave the company a “strong-buy” rating in a research report on Thursday, July 31st. TD Cowen boosted their price target on shares of Meta Platforms from $800.00 to $875.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Loop Capital restated a “buy” rating and set a $980.00 price target (up from $888.00) on shares of Meta Platforms in a research report on Tuesday, August 5th. DA Davidson boosted their price target on shares of Meta Platforms from $650.00 to $825.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Finally, JPMorgan Chase & Co. boosted their price target 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. Four research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $830.61.

Meta Platforms Stock Performance

NASDAQ META opened at $717.84 on Thursday. The company has a 50-day simple moving average of $753.89 and a two-hundred day simple moving average of $677.44. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.15. Meta Platforms, Inc. has a 12-month low of $479.80 and a 12-month high of $796.25. The firm has a market cap of $1.80 trillion, a price-to-earnings ratio of 25.99, a PEG ratio of 1.49 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings results 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 net margin of 39.99% and a return on equity of 39.33%. The business had revenue of $47.52 billion during the quarter, compared to analyst estimates of $44.55 billion. During the same period in the prior year, the business posted $5.16 earnings per share. The company’s revenue was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. On average, equities analysts forecast 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 given 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, September 22nd. Meta Platforms’s dividend payout ratio is presently 7.60%.

Insider Activity

In other news, CEO Mark Zuckerberg sold 15,847 shares of the company’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $769.38, for a total transaction of $12,192,364.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Andrew Bosworth sold 11,694 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 transaction of $9,062,850.00. Following the transaction, the chief technology officer directly owned 1,799 shares of the company’s stock, valued at approximately $1,394,225. This trade represents a 86.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 213,663 shares of company stock valued at $164,574,107. 13.61% of the stock is currently owned by insiders.

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.