Westside Investment Management Inc. Acquires 879 Shares of Meta Platforms, Inc. $META

Westside Investment Management Inc. increased its holdings in Meta Platforms, Inc. (NASDAQ:META) by 6.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 15,016 shares of the social networking company’s stock after buying an additional 879 shares during the period. Meta Platforms comprises approximately 2.0% of Westside Investment Management Inc.’s holdings, making the stock its 9th biggest position. Westside Investment Management Inc.’s holdings in Meta Platforms were worth $11,036,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of META. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Meta Platforms in the 1st quarter worth approximately $33,000. Evergreen Private Wealth LLC increased its position in Meta Platforms by 237.5% in the second quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company’s stock worth $40,000 after buying an additional 38 shares during the period. Briaud Financial Planning Inc bought a new stake in Meta Platforms in the second quarter valued at $42,000. WFA Asset Management Corp boosted its holdings in shares of Meta Platforms by 42.6% during the second quarter. WFA Asset Management Corp now owns 67 shares of the social networking company’s stock valued at $49,000 after acquiring an additional 20 shares during the period. Finally, Maseco LLP acquired a new position in shares of Meta Platforms during the second quarter valued at $54,000. Institutional investors own 79.91% of the company’s stock.

Meta Platforms Stock Up 0.1%

Shares of META stock opened at $609.89 on Friday. Meta Platforms, Inc. has a 1 year low of $479.80 and a 1 year high of $796.25. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.98 and a current ratio of 1.98. The business’s fifty day moving average is $716.58 and its 200-day moving average is $703.72. The stock has a market cap of $1.54 trillion, a PE ratio of 26.94, a price-to-earnings-growth ratio of 1.35 and a beta of 1.20.

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

Meta Platforms Dividend Announcement

The firm 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. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.10 annualized dividend and a yield of 0.3%. Meta Platforms’s dividend payout ratio is currently 9.28%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on META shares. Wall Street Zen cut shares of Meta Platforms from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Wedbush restated an “outperform” rating and issued a $920.00 price target on shares of Meta Platforms in a research note on Thursday, October 30th. Citigroup reduced their price objective on Meta Platforms from $915.00 to $850.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Piper Sandler decreased their price objective on Meta Platforms from $880.00 to $840.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $900.00 target price on shares of Meta Platforms in a research note on Thursday, October 30th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $827.60.

Insider Buying and Selling

In other Meta Platforms news, COO Javier Olivan sold 517 shares of the company’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $631.00, for a total value of $326,227.00. Following the transaction, the chief operating officer owned 6,924 shares of the company’s stock, valued at approximately $4,369,044. This represents a 6.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jennifer Newstead sold 516 shares of the firm’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $631.00, for a total value of $325,596.00. Following the sale, the insider directly owned 26,721 shares of the company’s stock, valued at approximately $16,860,951. This represents a 1.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 44,421 shares of company stock worth $33,573,980. Corporate insiders own 13.61% of the company’s stock.

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.