Simplicity Wealth LLC Increases Holdings in Meta Platforms, Inc. $META

Simplicity Wealth LLC increased its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 69.1% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 27,738 shares of the social networking company’s stock after acquiring an additional 11,332 shares during the quarter. Meta Platforms makes up about 0.9% of Simplicity Wealth LLC’s investment portfolio, making the stock its 21st largest position. Simplicity Wealth LLC’s holdings in Meta Platforms were worth $20,472,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in META. Kingstone Capital Partners Texas LLC lifted its position in Meta Platforms by 608,429.2% during the second quarter. Kingstone Capital Partners Texas LLC now owns 59,775,823 shares of the social networking company’s stock worth $44,119,937,000 after buying an additional 59,766,000 shares in the last quarter. Nuveen LLC acquired a new stake in Meta Platforms during the first quarter worth $2,990,544,000. Amundi increased its stake in Meta Platforms by 23.5% during the first quarter. Amundi now owns 7,733,061 shares of the social networking company’s stock worth $4,111,050,000 after acquiring an additional 1,470,070 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Meta Platforms by 8.8% during the first quarter. Goldman Sachs Group Inc. now owns 15,575,962 shares of the social networking company’s stock worth $8,977,361,000 after acquiring an additional 1,255,546 shares during the last quarter. Finally, Strs Ohio acquired a new stake in Meta Platforms during the first quarter worth $571,086,000. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Insider Buying and Selling

In related news, insider Christopher K. Cox sold 60,000 shares of the business’s stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $775.95, for a total transaction of $46,557,000.00. Following the completion of the transaction, the insider directly owned 237,205 shares of the company’s stock, valued at $184,059,219.75. The trade was a 20.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Susan J. Li sold 18,332 shares of the business’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $764.71, for a total value of $14,018,663.72. Following the transaction, the chief financial officer directly owned 84,141 shares of the company’s stock, valued at $64,343,464.11. The trade was a 17.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 213,665 shares of company stock valued at $164,575,272. Company insiders own 13.61% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on META. Oppenheimer raised their target price on Meta Platforms from $775.00 to $870.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. Mizuho set a $925.00 target price on Meta Platforms and gave the stock an “outperform” rating in a research note on Monday, September 29th. Citigroup reissued an “outperform” rating on shares of Meta Platforms in a research note on Thursday, July 31st. Zacks Research cut Meta Platforms from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 19th. Finally, Roth Capital raised their target price on Meta Platforms from $620.00 to $740.00 and gave the stock a “buy” rating in a research note on Tuesday, July 8th. Four investment 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 data from MarketBeat.com, Meta Platforms currently has a consensus rating of “Moderate Buy” and an average price target of $830.68.

Meta Platforms Trading Down 3.8%

Shares of NASDAQ META opened at $705.30 on Monday. Meta Platforms, Inc. has a twelve month low of $479.80 and a twelve month high of $796.25. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15. The stock has a fifty day simple moving average of $752.20 and a 200-day simple moving average of $679.78. The stock has a market capitalization of $1.77 trillion, a PE ratio of 25.54, a PEG ratio of 1.47 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 earnings per share 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 business had revenue of $47.52 billion during the quarter, compared to analysts’ expectations of $44.55 billion. During the same period in the previous year, the firm posted $5.16 earnings per share. The company’s revenue was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. On average, equities analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Dividend Announcement

The business 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 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Monday, September 22nd. Meta Platforms’s payout ratio is presently 7.60%.

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.