Kellett Wealth Advisors LLC Makes New $320,000 Investment in Meta Platforms, Inc. $META

Kellett Wealth Advisors LLC bought a new position in Meta Platforms, Inc. (NASDAQ:META) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 434 shares of the social networking company’s stock, valued at approximately $320,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Meta Platforms in the first quarter worth about $28,000. Evergreen Private Wealth LLC increased its holdings in shares of Meta Platforms by 237.5% in the 2nd quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company’s stock valued at $40,000 after purchasing an additional 38 shares during the period. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Meta Platforms in the 1st quarter valued at about $33,000. Maseco LLP acquired a new position in shares of Meta Platforms in the 2nd quarter valued at about $54,000. Finally, JCIC Asset Management Inc. increased its holdings in shares of Meta Platforms by 102.6% in the 1st quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company’s stock valued at $46,000 after purchasing an additional 40 shares during the period. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on META shares. Oppenheimer dropped their target price on Meta Platforms from $870.00 to $825.00 and set an “outperform” rating on the stock in a report on Monday. Benchmark upped their target price on Meta Platforms from $800.00 to $890.00 and gave the company a “buy” rating in a report on Thursday, July 31st. JMP Securities upped their target price on Meta Platforms from $750.00 to $900.00 and gave the company a “market outperform” rating in a report on Thursday, July 31st. BMO Capital Markets upped their target price on Meta Platforms from $610.00 to $710.00 and gave the company a “market perform” rating in a report on Thursday, July 31st. Finally, Zacks Research upgraded Meta Platforms from a “hold” rating to a “strong-buy” rating in a report on Monday. Five investment analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $829.66.

Meta Platforms Trading Up 0.1%

NASDAQ:META opened at $734.00 on Friday. The stock’s 50 day moving average price is $743.05 and its 200 day moving average price is $688.52. Meta Platforms, Inc. has a 52 week low of $479.80 and a 52 week high of $796.25. The company has a market capitalization of $1.84 trillion, a P/E ratio of 26.57, a P/E/G ratio of 1.53 and a beta of 1.20. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.97.

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

Meta Platforms Announces Dividend

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

Insiders Place Their Bets

In other Meta Platforms news, Director Robert M. Kimmitt sold 465 shares of the company’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $716.97, for a total transaction of $333,391.05. Following the completion of the sale, the director owned 7,947 shares of the company’s stock, valued at $5,697,760.59. This represents a 5.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Javier Olivan sold 517 shares of the company’s stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $721.30, for a total value of $372,912.10. Following the sale, the chief operating officer directly owned 8,475 shares of the company’s stock, valued at $6,113,017.50. The trade was a 5.75% decrease in their position. The disclosure for this sale can be found here. Insiders sold 214,182 shares of company stock valued at $164,951,541 over the last 90 days. 13.61% of the stock is currently owned by company 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.