Goodman Financial Corp Raises Holdings in Meta Platforms, Inc. $META

Goodman Financial Corp boosted its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 89.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,429 shares of the social networking company’s stock after buying an additional 9,191 shares during the period. Meta Platforms accounts for approximately 1.9% of Goodman Financial Corp’s portfolio, making the stock its 26th biggest holding. Goodman Financial Corp’s holdings in Meta Platforms were worth $11,116,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Jag Capital Management LLC lifted its position in Meta Platforms by 33.4% during the 1st quarter. Jag Capital Management LLC now owns 62,273 shares of the social networking company’s stock worth $35,628,000 after acquiring an additional 15,595 shares during the period. Avalon Trust Co increased its holdings in shares of Meta Platforms by 22.4% in the 1st quarter. Avalon Trust Co now owns 497 shares of the social networking company’s stock valued at $284,000 after purchasing an additional 91 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Meta Platforms by 3.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 797,714 shares of the social networking company’s stock valued at $462,060,000 after acquiring an additional 26,562 shares during the period. One Day In July LLC boosted its position in Meta Platforms by 4.3% during the first quarter. One Day In July LLC now owns 1,692 shares of the social networking company’s stock worth $968,000 after purchasing an additional 70 shares in the last quarter. Finally, Frisch Financial Group Inc. grew its stake in Meta Platforms by 2.0% in the 1st quarter. Frisch Financial Group Inc. now owns 6,320 shares of the social networking company’s stock valued at $3,616,000 after acquiring an additional 125 shares during the last quarter. 79.91% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Meta Platforms

In related news, Director Robert M. Kimmitt sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $607.75, for a total transaction of $303,875.00. Following the completion of the sale, the director directly owned 3,443 shares in the company, valued at approximately $2,092,483.25. This trade represents a 12.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Javier Olivan sold 3,348 shares of the firm’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $600.97, for a total value of $2,012,047.56. Following the sale, the chief operating officer directly owned 9,498 shares of the company’s stock, valued at approximately $5,708,013.06. This represents a 26.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 37,948 shares of company stock valued at $23,184,319. Corporate insiders own 13.53% of the company’s stock.

Meta Platforms Price Performance

NASDAQ META opened at $643.81 on Wednesday. Meta Platforms, Inc. has a 52 week low of $520.26 and a 52 week high of $796.25. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.24. The stock has a market cap of $1.63 trillion, a price-to-earnings ratio of 23.40, a price-to-earnings-growth ratio of 1.14 and a beta of 1.25. The company has a 50-day moving average price of $604.93 and a two-hundred day moving average price of $626.52.

Meta Platforms (NASDAQ:META) last announced its earnings results on Wednesday, April 29th. The social networking company reported $10.44 earnings per share for the quarter, beating the consensus estimate of $6.67 by $3.77. The firm had revenue of $56.31 billion for the quarter, compared to the consensus estimate of $55.56 billion. Meta Platforms had a return on equity of 36.93% and a net margin of 32.84%.The firm’s revenue for the quarter was up 33.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $6.43 EPS. Analysts forecast that Meta Platforms, Inc. will post 29.47 EPS for the current year.

Meta Platforms Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Monday, June 15th were issued a dividend of $0.525 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $2.10 annualized dividend and a yield of 0.3%. Meta Platforms’s payout ratio is presently 7.63%.

Analysts Set New Price Targets

Several equities analysts have weighed in on META shares. BNP Paribas Exane began coverage on Meta Platforms in a research report on Tuesday, June 2nd. They set an “outperform” rating for the company. Barclays boosted their price objective on shares of Meta Platforms from $800.00 to $830.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Citigroup reissued a “strong-buy” rating on shares of Meta Platforms in a research report on Tuesday. Bank of America cut their price objective on Meta Platforms from $885.00 to $820.00 and set a “buy” rating on the stock in a research report on Monday, April 20th. Finally, Wall Street Zen lowered shares of Meta Platforms from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Five equities research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $835.64.

Trending Headlines about Meta Platforms

Here are the key news stories impacting Meta Platforms this week:

• Positive Sentiment: Wells Fargo raised its price target on Meta and kept an overweight rating, signaling expectations for meaningful upside from current levels. Benzinga report on Wells Fargo target hike
• Positive Sentiment: Rothschild & Co Redburn also boosted its target and reiterated a buy rating, reflecting growing optimism that Meta can monetize AI more effectively. Benzinga report on Rothschild & Co Redburn target hike
• Positive Sentiment: Multiple reports highlighted Meta’s expanding AI strategy, including possible cloud/compute sales and large enterprise deals, which could create a new revenue stream and support margins over time.
• Positive Sentiment: Bank of America said Meta is positioned to beat second-quarter expectations, citing healthy ad demand and AI-driven improvements ahead of earnings later this month.
• Positive Sentiment: Wall Street commentary continues to frame Meta as a key beneficiary of the AI spending boom, with investors watching whether infrastructure investment can be monetized faster than expected.
• Neutral Sentiment: A comparison piece versus Pinterest and a broader “Mag 7” article mainly added background, but did not change the core investment thesis for META.
• Negative Sentiment: Meta is facing a Tennessee trial over claims that Instagram was designed to be addictive and contributed to youth mental-health issues, adding legal and regulatory risk.
• Negative Sentiment: A New York Times report said Meta’s AI moderation mistakenly banned user accounts, raising questions about product reliability and trust in its automated systems.
• Negative Sentiment: Ongoing investor concerns remain around heavy AI spending, data-center financing, and whether returns on that capital will justify the expense.

Meta Platforms Company Profile

Meta Platforms, Inc (NASDAQ: META), formerly Facebook, Inc, is a global technology company best known for building social networking services and immersive computing platforms. Founded in 2004 and headquartered in Menlo Park, California, the company operates a family of consumer-facing products and services that connect users, creators and businesses. In October 2021 the company rebranded as Meta to reflect an expanded strategic focus on augmented and virtual reality technologies alongside its social media businesses.

Meta’s core consumer products include Facebook, Instagram, WhatsApp and Messenger, which enable social networking, messaging, content sharing and community building across mobile and desktop devices.