Requisite Capital Management LLC Makes New $297,000 Investment in Meta Platforms, Inc. $META

Requisite Capital Management LLC purchased a new stake in shares of Meta Platforms, Inc. (NASDAQ:META) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 402 shares of the social networking company’s stock, valued at approximately $297,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Inlight Wealth Management LLC bought a new position in Meta Platforms in the 1st quarter worth $25,000. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Meta Platforms in the first quarter valued at about $28,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Meta Platforms in the first quarter worth about $33,000. Evergreen Private Wealth LLC grew its position 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 in the last quarter. Finally, JCIC Asset Management Inc. raised its stake in Meta Platforms by 102.6% during 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 owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Meta Platforms news, Director Robert M. Kimmitt sold 465 shares of Meta Platforms stock in a transaction on Monday, September 15th. The shares were sold at an average price of $757.47, for a total transaction of $352,223.55. Following the completion of the transaction, the director directly owned 8,412 shares of the company’s stock, valued at $6,371,837.64. The trade was a 5.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jennifer Newstead sold 519 shares of the business’s stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $741.50, for a total transaction of $384,838.50. Following the transaction, the insider owned 29,832 shares in the company, valued at $22,120,428. This trade represents a 1.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 213,146 shares of company stock worth $164,209,720 over the last three months. 13.61% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on META. Citizens Jmp upped their price target on Meta Platforms from $750.00 to $900.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. TD Cowen raised their target price on shares of Meta Platforms from $800.00 to $875.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Barclays lifted their price target on shares of Meta Platforms from $640.00 to $810.00 and gave the company an “overweight” rating in a report on Friday, August 1st. BMO Capital Markets increased their price objective on shares of Meta Platforms from $610.00 to $710.00 and gave the company a “market perform” rating in a report on Thursday, July 31st. Finally, Scotiabank lifted their target price on Meta Platforms from $675.00 to $685.00 and gave the stock a “sector perform” rating in a report on Thursday, July 31st. Four analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $830.02.

Meta Platforms Stock Up 0.7%

Shares of NASDAQ:META opened at $715.66 on Tuesday. The company has a market cap of $1.80 trillion, a price-to-earnings ratio of 25.91, a PEG ratio of 1.48 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 current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15. The company has a 50-day moving average price of $753.17 and a 200 day moving average price of $676.91.

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, topping the consensus estimate of $5.75 by $1.39. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The company had revenue of $47.52 billion for 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 firm’s revenue for the quarter was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, equities research analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Announces Dividend

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

Meta Platforms 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.