Princeton Capital Management LLC Acquires 1,541 Shares of Meta Platforms, Inc. $META

Princeton Capital Management LLC boosted its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 57.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,203 shares of the social networking company’s stock after acquiring an additional 1,541 shares during the quarter. Meta Platforms makes up approximately 0.9% of Princeton Capital Management LLC’s holdings, making the stock its 18th biggest holding. Princeton Capital Management LLC’s holdings in Meta Platforms were worth $3,102,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of META. Kingstone Capital Partners Texas LLC increased its holdings in shares of Meta Platforms by 608,429.2% in the second quarter. Kingstone Capital Partners Texas LLC now owns 59,775,823 shares of the social networking company’s stock valued at $44,119,937,000 after purchasing an additional 59,766,000 shares in the last quarter. Invesco Ltd. boosted its position in Meta Platforms by 2.3% in the 1st quarter. Invesco Ltd. now owns 17,669,795 shares of the social networking company’s stock valued at $10,184,163,000 after buying an additional 400,927 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Meta Platforms by 8.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 15,575,962 shares of the social networking company’s stock valued at $8,977,361,000 after buying an additional 1,255,546 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Meta Platforms by 4.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 12,543,468 shares of the social networking company’s stock worth $7,229,553,000 after acquiring an additional 536,160 shares during the last quarter. Finally, Wellington Management Group LLP lifted its stake in shares of Meta Platforms by 2.5% during the first quarter. Wellington Management Group LLP now owns 10,041,171 shares of the social networking company’s stock valued at $5,787,329,000 after acquiring an additional 247,850 shares during the period. 79.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

META has been the subject of several recent research reports. Barclays dropped their price objective on Meta Platforms from $810.00 to $770.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Pivotal Research increased their price objective on shares of Meta Platforms from $830.00 to $930.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Needham & Company LLC reaffirmed a “hold” rating on shares of Meta Platforms in a report on Thursday, October 30th. Loop Capital reiterated a “buy” rating and set a $980.00 target price (up previously from $888.00) on shares of Meta Platforms in a research report on Tuesday, August 5th. Finally, Guggenheim restated a “buy” rating and issued a $800.00 price target (up from $725.00) on shares of Meta Platforms in a research report on Monday, July 28th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Meta Platforms currently has a consensus rating of “Moderate Buy” and an average price target of $827.60.

Insiders Place Their Bets

In other news, insider Jennifer Newstead sold 516 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $631.00, for a total value of $325,596.00. Following the completion of the transaction, the insider owned 26,721 shares in the company, valued at $16,860,951. This represents a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert M. Kimmitt sold 465 shares of the stock in a transaction 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 sale, the director directly owned 7,947 shares of the company’s stock, valued at $5,697,760.59. This represents a 5.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 13,359 shares of company stock worth $9,689,566. Company insiders own 13.61% of the company’s stock.

Meta Platforms Price Performance

Shares of META stock opened at $602.01 on Tuesday. The firm has a market capitalization of $1.52 trillion, a price-to-earnings ratio of 26.59, a price-to-earnings-growth ratio of 1.35 and a beta of 1.20. Meta Platforms, Inc. has a 12-month low of $479.80 and a 12-month high of $796.25. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.15. The firm has a fifty day moving average of $710.72 and a 200-day moving average of $706.49.

Meta Platforms (NASDAQ:META) last posted its earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.74 by $0.51. Meta Platforms had a return on equity of 39.35% and a net margin of 30.89%.The firm had revenue of $51.24 billion during the quarter, compared to analysts’ expectations of $49.34 billion. During the same period in the previous year, the firm earned $6.03 earnings per share. The company’s revenue was up 26.2% on a year-over-year basis. Meta Platforms has set its Q4 2025 guidance at EPS. On average, equities research 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. Shareholders of record on Monday, September 22nd were issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 0.3%. The ex-dividend date was Monday, September 22nd. Meta Platforms’s dividend payout ratio (DPR) is 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.