W.H. Cornerstone Investments Inc. Increases Holdings in Meta Platforms, Inc. $META

W.H. Cornerstone Investments Inc. lifted its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 10.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,045 shares of the social networking company’s stock after buying an additional 99 shares during the quarter. W.H. Cornerstone Investments Inc.’s holdings in Meta Platforms were worth $771,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in META. Thompson Davis & CO. Inc. grew its holdings in shares of Meta Platforms by 20.6% during the second quarter. Thompson Davis & CO. Inc. now owns 1,732 shares of the social networking company’s stock worth $1,278,000 after buying an additional 296 shares in the last quarter. Capital Investment Counsel Inc raised its stake in Meta Platforms by 4.4% during the second quarter. Capital Investment Counsel Inc now owns 10,857 shares of the social networking company’s stock worth $8,014,000 after purchasing an additional 453 shares during the period. Monetta Financial Services Inc. grew its position in Meta Platforms by 19.2% during the second quarter. Monetta Financial Services Inc. now owns 6,200 shares of the social networking company’s stock valued at $4,576,000 after acquiring an additional 1,000 shares during the period. ABN Amro Investment Solutions purchased a new position in Meta Platforms in the second quarter valued at approximately $28,745,000. Finally, Cherokee Insurance Co purchased a new stake in Meta Platforms during the 2nd quarter worth $3,321,000. Institutional investors and hedge funds own 79.91% of the company’s stock.

Meta Platforms Stock Performance

META opened at $594.25 on Monday. The stock has a 50-day moving average of $697.66 and a 200-day moving average of $706.43. Meta Platforms, Inc. has a 52-week low of $479.80 and a 52-week high of $796.25. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.98 and a current ratio of 1.98. The company has a market cap of $1.50 trillion, a PE ratio of 26.25, a price-to-earnings-growth ratio of 1.24 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last announced its quarterly 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 company had revenue of $51.24 billion for the quarter, compared to the consensus estimate of $49.34 billion. Meta Platforms had a return on equity of 39.35% and a net margin of 30.89%.The company’s revenue for the quarter was up 26.2% compared to the same quarter last year. During the same quarter last year, the company posted $6.03 earnings per share. Meta Platforms has set its Q4 2025 guidance at EPS. As a group, equities research analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, September 22nd. Meta Platforms’s dividend payout ratio (DPR) is currently 9.28%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on META shares. HSBC raised shares of Meta Platforms from a “hold” rating to a “buy” rating and lifted their price target for the stock from $610.00 to $900.00 in a research note on Thursday, July 31st. Citizens Jmp boosted their price objective on Meta Platforms from $750.00 to $900.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Royal Bank Of Canada lowered their target price on shares of Meta Platforms from $840.00 to $810.00 and set an “outperform” rating on the stock in a research note on Thursday, October 30th. KeyCorp cut their price target on shares of Meta Platforms from $905.00 to $875.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $900.00 target price on shares of Meta Platforms in a research report on Thursday, October 30th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $825.05.

Insider Activity

In other Meta Platforms news, CTO Andrew Bosworth sold 11,690 shares of the firm’s stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $593.31, for a total value of $6,935,793.90. Following the completion of the sale, the chief technology officer owned 2,415 shares in the company, valued at approximately $1,432,843.65. This trade represents a 82.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Susan J. Li sold 6,875 shares of the company’s stock in a transaction dated Saturday, November 15th. The shares were sold at an average price of $609.46, for a total transaction of $4,190,037.50. Following the completion of the sale, the chief financial officer directly owned 88,370 shares in the company, valued at approximately $53,857,980.20. The trade was a 7.22% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 41,442 shares of company stock valued at $26,515,931. Corporate 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.