Topel & Distasi Wealth Management LLC Purchases 128 Shares of Meta Platforms, Inc. $META

Topel & Distasi Wealth Management LLC increased its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 15.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 963 shares of the social networking company’s stock after buying an additional 128 shares during the period. Topel & Distasi Wealth Management LLC’s holdings in Meta Platforms were worth $711,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mosaic Financial Group LLC increased its holdings in Meta Platforms by 65.6% in the second quarter. Mosaic Financial Group LLC now owns 1,038 shares of the social networking company’s stock valued at $766,000 after purchasing an additional 411 shares during the period. Alpha Cubed Investments LLC raised its position in shares of Meta Platforms by 18.4% during the second quarter. Alpha Cubed Investments LLC now owns 121,183 shares of the social networking company’s stock worth $89,444,000 after acquiring an additional 18,791 shares during the last quarter. Allworth Financial LP boosted its holdings in Meta Platforms by 57.0% in the second quarter. Allworth Financial LP now owns 75,742 shares of the social networking company’s stock valued at $55,905,000 after acquiring an additional 27,492 shares during the last quarter. Addison Advisors LLC increased its position in Meta Platforms by 3.8% during the 2nd quarter. Addison Advisors LLC now owns 931 shares of the social networking company’s stock valued at $688,000 after purchasing an additional 34 shares during the period. Finally, Cypress Capital LLC raised its holdings in Meta Platforms by 14.8% during the 2nd quarter. Cypress Capital LLC now owns 930 shares of the social networking company’s stock worth $686,000 after purchasing an additional 120 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Meta Platforms Stock Up 0.9%

META stock opened at $594.25 on Friday. The firm has a market capitalization of $1.50 trillion, a PE ratio of 26.25, a P/E/G ratio of 1.23 and a beta of 1.20. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.15. Meta Platforms, Inc. has a twelve month low of $479.80 and a twelve month high of $796.25. The stock’s 50 day moving average is $697.66 and its 200-day moving average is $704.84.

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

Meta Platforms Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Monday, September 22nd. Meta Platforms’s dividend payout ratio (DPR) is 9.28%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Citizens Jmp boosted their target price on shares of Meta Platforms from $750.00 to $900.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. JPMorgan Chase & Co. decreased their target price on Meta Platforms from $875.00 to $800.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Zacks Research cut Meta Platforms from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Truist Financial dropped their target price on shares of Meta Platforms from $900.00 to $875.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. Finally, Raymond James Financial reiterated a “strong-buy” rating and set a $825.00 price objective (down previously from $900.00) on shares of Meta Platforms in a report on Thursday, October 30th. Three analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $825.05.

Insider Transactions at Meta Platforms

In other Meta Platforms news, Director Robert M. Kimmitt sold 600 shares of Meta Platforms stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $609.35, for a total value of $365,610.00. Following the sale, the director owned 7,347 shares of the company’s stock, valued at approximately $4,476,894.45. The trade was a 7.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Susan J. Li sold 6,875 shares of the firm’s stock in a transaction that occurred on Saturday, November 15th. The stock was sold at an average price of $609.46, for a total transaction of $4,190,037.50. Following the sale, the chief financial officer owned 88,370 shares of the company’s stock, valued at approximately $53,857,980.20. The trade was a 7.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 41,959 shares of company stock worth $26,906,323. Company insiders own 13.61% of the company’s stock.

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.