Golden State Equity Partners Grows Stock Position in Meta Platforms, Inc. $META

Golden State Equity Partners grew its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 32.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,323 shares of the social networking company’s stock after buying an additional 1,797 shares during the period. Meta Platforms accounts for 1.0% of Golden State Equity Partners’ investment portfolio, making the stock its 15th largest position. Golden State Equity Partners’ holdings in Meta Platforms were worth $5,405,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Cherrydale Wealth Management LLC increased its holdings in Meta Platforms by 3.4% in the 2nd quarter. Cherrydale Wealth Management LLC now owns 2,532 shares of the social networking company’s stock worth $1,869,000 after acquiring an additional 84 shares during the last quarter. CRA Financial Services LLC boosted its position in Meta Platforms by 1.4% during the second quarter. CRA Financial Services LLC now owns 14,406 shares of the social networking company’s stock worth $10,633,000 after purchasing an additional 201 shares during the period. Oliver Luxxe Assets LLC boosted its position in Meta Platforms by 0.5% during the second quarter. Oliver Luxxe Assets LLC now owns 12,607 shares of the social networking company’s stock worth $9,305,000 after purchasing an additional 64 shares during the period. Founders Capital Management LLC increased its stake in shares of Meta Platforms by 0.3% in the second quarter. Founders Capital Management LLC now owns 93,585 shares of the social networking company’s stock worth $69,074,000 after purchasing an additional 274 shares in the last quarter. Finally, Chris Bulman Inc raised its position in shares of Meta Platforms by 19.3% in the second quarter. Chris Bulman Inc now owns 724 shares of the social networking company’s stock valued at $534,000 after purchasing an additional 117 shares during the period. Institutional investors own 79.91% of the company’s stock.

Insider Activity at Meta Platforms

In other news, CEO Mark Zuckerberg sold 15,847 shares of the firm’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $753.43, for a total transaction of $11,939,605.21. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CTO Andrew Bosworth sold 11,694 shares of Meta Platforms stock in a transaction on 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 directly owned 1,799 shares of the company’s stock, valued at $1,394,225. This represents a 86.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 230,336 shares of company stock worth $176,625,049 over the last quarter. 13.61% of the stock is currently owned by corporate insiders.

Meta Platforms Price Performance

Shares of NASDAQ META opened at $748.91 on Friday. The firm has a market capitalization of $1.88 trillion, a P/E ratio of 27.11, a P/E/G ratio of 1.59 and a beta of 1.24. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.15. The stock’s 50-day simple moving average is $750.95 and its two-hundred day simple moving average is $669.54. Meta Platforms, Inc. has a twelve month low of $479.80 and a twelve month high of $796.25.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.75 by $1.39. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The firm had revenue of $47.52 billion during the quarter, compared to the consensus estimate of $44.55 billion. During the same quarter last year, the company posted $5.16 EPS. The company’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. As a group, equities analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 22nd will be paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Monday, September 22nd. Meta Platforms’s payout ratio is currently 7.60%.

Analyst Ratings Changes

META has been the subject of several analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $920.00 price objective on shares of Meta Platforms in a report on Wednesday, September 17th. KeyCorp increased their target price on Meta Platforms from $800.00 to $905.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Loop Capital reaffirmed a “buy” rating and issued a $980.00 price target (up from $888.00) on shares of Meta Platforms in a report on Tuesday, August 5th. Barclays lifted their price target on Meta Platforms from $640.00 to $810.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Finally, Needham & Company LLC raised Meta Platforms from an “underperform” rating to a “hold” rating in a report on Thursday, July 3rd. Three research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $826.05.

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.