Weil Company Inc. Has $6.42 Million Stock Position in Meta Platforms, Inc. $META

Weil Company Inc. decreased its position in Meta Platforms, Inc. (NASDAQ:META) by 8.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,691 shares of the social networking company’s stock after selling 793 shares during the period. Meta Platforms accounts for 1.7% of Weil Company Inc.’s portfolio, making the stock its 17th largest position. Weil Company Inc.’s holdings in Meta Platforms were worth $6,415,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. MJT & Associates Financial Advisory Group Inc. bought a new position in Meta Platforms in the first quarter valued at approximately $33,000. Evergreen Private Wealth LLC grew its stake in shares of Meta Platforms by 237.5% during the second quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company’s stock worth $40,000 after purchasing an additional 38 shares during the period. Briaud Financial Planning Inc bought a new stake in Meta Platforms in the second quarter valued at about $42,000. WFA Asset Management Corp boosted its holdings in Meta Platforms by 42.6% during the second quarter. WFA Asset Management Corp now owns 67 shares of the social networking company’s stock worth $49,000 after buying an additional 20 shares during the last quarter. Finally, Maseco LLP acquired a new position in shares of Meta Platforms during the 2nd quarter worth about $54,000. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, COO Javier Olivan sold 517 shares of Meta Platforms stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $604.23, for a total value of $312,386.91. Following the completion of the transaction, the chief operating officer owned 15,302 shares of the company’s stock, valued at $9,245,927.46. This trade represents a 3.27% decrease in their position. 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 the company’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $591.60, for a total transaction of $307,040.40. Following the completion of the sale, the insider directly owned 34,631 shares in the company, valued at approximately $20,487,699.60. The trade was a 1.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 41,959 shares of company stock valued at $26,906,323. 13.61% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Rosenblatt Securities boosted their price objective on shares of Meta Platforms from $1,086.00 to $1,117.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Meta Platforms in a report on Thursday, November 13th. Wells Fargo & Company lowered their price target on Meta Platforms from $837.00 to $802.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Morgan Stanley boosted their price objective on Meta Platforms from $750.00 to $850.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. Finally, Hsbc Global Res upgraded shares of Meta Platforms from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 31st. Three investment analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $825.05.

Meta Platforms Stock Performance

Shares of META stock opened at $594.25 on Friday. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25. The company’s fifty day simple moving average is $697.66 and its 200-day simple moving average is $704.84. The firm has a market cap of $1.50 trillion, a PE ratio of 26.25, a P/E/G ratio of 1.23 and a beta of 1.20. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.15.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings results on Wednesday, October 29th. The social networking company reported $7.25 EPS for the quarter, topping the consensus estimate of $6.74 by $0.51. The firm had revenue of $51.24 billion for the quarter, compared to analysts’ expectations of $49.34 billion. Meta Platforms had a net margin of 30.89% and a return on equity of 39.35%. The company’s revenue for the quarter was up 26.2% on a year-over-year basis. During the same period in the previous year, the firm posted $6.03 EPS. Meta Platforms has set its Q4 2025 guidance at EPS. Equities research analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Monday, September 22nd. Meta Platforms’s payout ratio is presently 9.28%.

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.