Simon Quick Advisors LLC Purchases 5,627 Shares of Meta Platforms, Inc. $META

Simon Quick Advisors LLC raised its position in Meta Platforms, Inc. (NASDAQ:META) by 19.0% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 35,288 shares of the social networking company’s stock after acquiring an additional 5,627 shares during the period. Meta Platforms comprises 1.0% of Simon Quick Advisors LLC’s portfolio, making the stock its 21st biggest position. Simon Quick Advisors LLC’s holdings in Meta Platforms were worth $26,045,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of META. Csenge Advisory Group lifted its stake in Meta Platforms by 12.0% during the first quarter. Csenge Advisory Group now owns 9,539 shares of the social networking company’s stock worth $5,498,000 after purchasing an additional 1,019 shares during the last quarter. ARQ Wealth Advisors LLC raised its holdings in shares of Meta Platforms by 4.5% during the 1st quarter. ARQ Wealth Advisors LLC now owns 785 shares of the social networking company’s stock worth $452,000 after buying an additional 34 shares in the last quarter. JMG Financial Group Ltd. bought a new stake in shares of Meta Platforms during the 1st quarter worth $284,000. Infusive Asset Management Inc. boosted its stake in Meta Platforms by 10.7% in the first quarter. Infusive Asset Management Inc. now owns 23,620 shares of the social networking company’s stock valued at $13,614,000 after buying an additional 2,285 shares in the last quarter. Finally, Spirepoint Private Client LLC grew its position in Meta Platforms by 2.7% in the second quarter. Spirepoint Private Client LLC now owns 4,080 shares of the social networking company’s stock valued at $3,011,000 after acquiring an additional 109 shares during the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on META shares. Jefferies Financial Group dropped their target price on shares of Meta Platforms from $950.00 to $910.00 and set a “buy” rating for the company in a report on Thursday, October 30th. Erste Group Bank cut shares of Meta Platforms from a “buy” rating to a “hold” rating in a research report on Monday. Citizens Jmp raised their target price on shares of Meta Platforms from $750.00 to $900.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. Weiss Ratings reiterated a “buy (b)” rating on shares of Meta Platforms in a report on Wednesday, October 8th. Finally, Guggenheim reissued a “buy” rating and set a $800.00 price objective (up previously from $725.00) on shares of Meta Platforms in a report on Monday, July 28th. Four research analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $827.60.

Insiders Place Their Bets

In related news, CTO Andrew Bosworth sold 11,694 shares of the company’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $775.00, for a total transaction of $9,062,850.00. Following the sale, the chief technology officer owned 1,799 shares in the company, valued at $1,394,225. This represents a 86.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jennifer Newstead sold 519 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $775.00, for a total value of $402,225.00. Following the sale, the insider directly owned 32,946 shares of the company’s stock, valued at $25,533,150. This represents a 1.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 59,434 shares of company stock valued at $45,476,396 over the last quarter. Company insiders own 13.61% of the company’s stock.

Meta Platforms Trading Up 1.6%

Shares of META stock opened at $631.76 on Tuesday. Meta Platforms, Inc. has a 1-year low of $479.80 and a 1-year high of $796.25. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.15. The stock has a market cap of $1.59 trillion, a price-to-earnings ratio of 27.90, a PEG ratio of 1.38 and a beta of 1.20. The stock has a 50-day moving average of $724.08 and a 200-day moving average of $704.49.

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

Meta Platforms Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis 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 currently 9.28%.

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.