Marion Wealth Management Boosts Stock Position in Meta Platforms, Inc. $META

Marion Wealth Management boosted its position in Meta Platforms, Inc. (NASDAQ:META) by 1.4% in the second quarter, HoldingsChannel.com reports. The firm owned 6,822 shares of the social networking company’s stock after acquiring an additional 97 shares during the period. Meta Platforms accounts for approximately 1.3% of Marion Wealth Management’s investment portfolio, making the stock its 24th biggest holding. Marion Wealth Management’s holdings in Meta Platforms were worth $5,035,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Meta Platforms during the first quarter valued at approximately $33,000. Evergreen Private Wealth LLC increased its position in shares of Meta Platforms by 237.5% during the second quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company’s stock worth $40,000 after purchasing an additional 38 shares in the last quarter. Briaud Financial Planning Inc purchased a new stake in shares of Meta Platforms during the 2nd quarter valued at $42,000. WFA Asset Management Corp boosted its position 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 worth $49,000 after purchasing an additional 20 shares in the last quarter. Finally, Maseco LLP purchased a new position in Meta Platforms during the 2nd quarter worth $54,000. 79.91% of the stock is currently owned by institutional investors.

Insider Activity at Meta Platforms

In other news, 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 completion of the transaction, the chief technology officer directly owned 1,799 shares of the company’s stock, valued at $1,394,225. The trade was a 86.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jennifer Newstead sold 519 shares of the business’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $726.25, for a total transaction of $376,923.75. Following the completion of the transaction, the insider owned 31,908 shares of the company’s stock, valued at approximately $23,173,185. This represents a 1.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 44,421 shares of company stock worth $33,573,980. 13.61% of the stock is owned by corporate insiders.

Meta Platforms Stock Down 0.1%

NASDAQ:META opened at $609.46 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.98 and a quick ratio of 1.98. The company’s fifty day moving average price is $713.72 and its 200-day moving average price is $704.14. Meta Platforms, Inc. has a 1-year low of $479.80 and a 1-year high of $796.25. The firm has a market capitalization of $1.54 trillion, a P/E ratio of 26.92, a PEG ratio of 1.35 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last posted its earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.74 by $0.51. The company had revenue of $51.24 billion during the quarter, compared to the consensus estimate of $49.34 billion. Meta Platforms had a net margin of 30.89% and a return on equity of 39.35%. The firm’s quarterly revenue was up 26.2% on a year-over-year basis. During the same period in the previous year, the firm posted $6.03 earnings per share. Meta Platforms has set its Q4 2025 guidance at EPS. As a group, equities research analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd 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 of this dividend was Monday, September 22nd. Meta Platforms’s dividend payout ratio (DPR) is 9.28%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on META shares. Mizuho decreased their price target on Meta Platforms from $925.00 to $815.00 and set an “outperform” rating for the company in a research note on Thursday, October 30th. Needham & Company LLC reaffirmed a “hold” rating on shares of Meta Platforms in a research report on Thursday, October 30th. Wells Fargo & Company lowered their target price on shares of Meta Platforms from $837.00 to $802.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. HSBC upgraded shares of Meta Platforms from a “hold” rating to a “buy” rating and upped their price target for the company from $610.00 to $900.00 in a research note on Thursday, July 31st. Finally, Bank of America lowered their price objective on shares of Meta Platforms from $900.00 to $810.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. 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. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $827.60.

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.