Meta Platforms, Inc. $META Shares Acquired by BNC Wealth Management LLC

BNC Wealth Management LLC increased its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 0.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,437 shares of the social networking company’s stock after purchasing an additional 29 shares during the quarter. Meta Platforms accounts for approximately 3.4% of BNC Wealth Management LLC’s investment portfolio, making the stock its 7th largest holding. BNC Wealth Management LLC’s holdings in Meta Platforms were worth $11,394,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of META. Inlight Wealth Management LLC acquired a new stake in shares of Meta Platforms during the first quarter worth about $25,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Meta Platforms during the first quarter worth about $28,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Meta Platforms during the first quarter worth about $33,000. JCIC Asset Management Inc. lifted its holdings in shares of Meta Platforms by 102.6% during the first quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company’s stock worth $46,000 after purchasing an additional 40 shares during the period. Finally, Principia Wealth Advisory LLC lifted its holdings in shares of Meta Platforms by 53.6% during the first quarter. Principia Wealth Advisory LLC now owns 86 shares of the social networking company’s stock worth $50,000 after purchasing an additional 30 shares during the period. Institutional investors and hedge funds own 79.91% of the company’s stock.

Meta Platforms Stock Down 0.7%

Meta Platforms stock opened at $743.75 on Friday. The stock has a market capitalization of $1.87 trillion, a PE ratio of 26.93, a price-to-earnings-growth ratio of 1.56 and a beta of 1.24. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25. The business has a 50 day simple moving average of $751.74 and a 200-day simple moving average of $670.49. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.97 and a quick ratio of 1.97.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, beating analysts’ consensus estimates of $5.75 by $1.39. The business had revenue of $47.52 billion during the quarter, compared to analysts’ expectations of $44.55 billion. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The business’s revenue was up 21.6% compared to the same quarter last year. During the same period in the previous year, the business earned $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. On average, analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Announces Dividend

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

Analysts Set New Price Targets

META has been the subject of several recent research reports. Oppenheimer lifted their price target on Meta Platforms from $775.00 to $870.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. Pivotal Research lifted their price target on Meta Platforms from $830.00 to $930.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Robert W. Baird lifted their price target on Meta Platforms from $635.00 to $740.00 and gave the company an “outperform” rating in a research report on Wednesday, July 2nd. Loop Capital reiterated a “buy” rating and set a $980.00 price target (up from $888.00) on shares of Meta Platforms in a research report on Tuesday, August 5th. Finally, KeyCorp lifted their price target on Meta Platforms from $800.00 to $905.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. Three investment analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Meta Platforms presently has a consensus rating of “Moderate Buy” and a consensus price target of $826.05.

Insider Activity

In other news, Director Robert M. Kimmitt sold 465 shares of Meta Platforms stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $757.47, for a total value of $352,223.55. Following the sale, the director directly owned 8,412 shares of the company’s stock, valued at $6,371,837.64. The trade was a 5.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jennifer Newstead sold 519 shares of Meta Platforms stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $769.20, for a total value of $399,214.80. Following the completion of the sale, the insider directly owned 30,351 shares in the company, valued at $23,345,989.20. This represents a 1.68% 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 three months. 13.61% of the stock is currently owned by corporate insiders.

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.