Parsons Capital Management Inc. RI Acquires 2,254 Shares of Meta Platforms, Inc. $META

Parsons Capital Management Inc. RI grew its holdings in Meta Platforms, Inc. (NASDAQ:META) by 29.0% during the 2nd quarter, Holdings Channel reports. The fund owned 10,019 shares of the social networking company’s stock after buying an additional 2,254 shares during the period. Parsons Capital Management Inc. RI’s holdings in Meta Platforms were worth $7,395,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Kingstone Capital Partners Texas LLC grew its stake in Meta Platforms by 608,429.2% during the second 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 acquiring an additional 59,766,000 shares in the last quarter. Invesco Ltd. grew its stake in Meta Platforms by 2.3% during the first quarter. Invesco Ltd. now owns 17,669,795 shares of the social networking company’s stock valued at $10,184,163,000 after acquiring an additional 400,927 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Meta Platforms by 8.8% during the first 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 acquiring an additional 1,255,546 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Meta Platforms by 4.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 12,543,468 shares of the social networking company’s stock valued at $7,229,553,000 after acquiring an additional 536,160 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in Meta Platforms by 2.5% during the first quarter. Wellington Management Group LLP now owns 10,041,171 shares of the social networking company’s stock valued at $5,787,329,000 after acquiring an additional 247,850 shares in the last quarter. 79.91% of the stock is owned by hedge funds and other institutional investors.

Meta Platforms Stock Up 0.7%

NASDAQ:META opened at $717.84 on Thursday. The company has a market cap of $1.80 trillion, a PE ratio of 25.99, a P/E/G ratio of 1.49 and a beta of 1.20. Meta Platforms, Inc. has a twelve month low of $479.80 and a twelve 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’s 50 day moving average is $753.89 and its two-hundred day moving average is $677.44.

Meta Platforms (NASDAQ:META) last released its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 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 for the quarter, compared to the consensus estimate of $44.55 billion. During the same period in the prior year, the firm earned $5.16 EPS. The business’s revenue for the quarter was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. Analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were issued a dividend of $0.525 per share. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. Meta Platforms’s dividend payout ratio is presently 7.60%.

Insider Transactions at Meta Platforms

In related news, Director Robert M. Kimmitt sold 465 shares of the firm’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $757.47, for a total transaction of $352,223.55. Following the completion of the sale, the director directly owned 8,412 shares in the company, valued at approximately $6,371,837.64. This trade represents a 5.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Javier Olivan sold 517 shares of the firm’s stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $704.81, for a total transaction of $364,386.77. Following the sale, the chief operating officer owned 9,509 shares of the company’s stock, valued at approximately $6,702,038.29. The trade was a 5.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 213,663 shares of company stock valued at $164,574,107 over the last 90 days. 13.61% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. BMO Capital Markets lifted their price objective on shares of Meta Platforms from $610.00 to $710.00 and gave the stock a “market perform” rating in a research note on Thursday, July 31st. Wedbush lifted their price objective on shares of Meta Platforms from $750.00 to $920.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. Royal Bank Of Canada lifted their price objective on shares of Meta Platforms from $740.00 to $840.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. Canaccord Genuity Group lifted their price objective on shares of Meta Platforms from $825.00 to $850.00 and gave the stock a “buy” rating in a research note on Wednesday, July 16th. Finally, Benchmark lifted their price objective on shares of Meta Platforms from $800.00 to $890.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Four analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $830.61.

About Meta Platforms

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.