Edge Wealth Management LLC Has $334,000 Stock Holdings in Meta Platforms, Inc. $META

Edge Wealth Management LLC lessened its stake in Meta Platforms, Inc. (NASDAQ:META) by 35.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 452 shares of the social networking company’s stock after selling 250 shares during the quarter. Edge Wealth Management LLC’s holdings in Meta Platforms were worth $334,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in META. Inlight Wealth Management LLC acquired a new position in Meta Platforms during the first quarter worth approximately $25,000. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Meta Platforms during the 1st quarter worth approximately $28,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Meta Platforms during the 1st quarter worth approximately $33,000. JCIC Asset Management Inc. raised its stake in 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 acquiring an additional 40 shares during the period. Finally, Piscataqua Savings Bank lifted its holdings in Meta Platforms by 433.3% during the 2nd quarter. Piscataqua Savings Bank now owns 80 shares of the social networking company’s stock valued at $59,000 after purchasing an additional 65 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Meta Platforms Trading Up 0.7%

Shares of META stock opened at $760.66 on Thursday. The stock has a market cap of $1.91 trillion, a P/E ratio of 27.54, a price-to-earnings-growth ratio of 1.58 and a beta of 1.24. Meta Platforms, Inc. has a 1 year low of $479.80 and a 1 year 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 stock has a 50 day simple moving average of $750.00 and a 200 day simple moving average of $668.49.

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

Meta Platforms Dividend Announcement

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

Insider Buying and Selling at Meta Platforms

In other news, CFO Susan J. Li sold 18,332 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $764.71, for a total value of $14,018,663.72. Following the completion of the transaction, the chief financial officer directly owned 84,141 shares in the company, valued at approximately $64,343,464.11. The trade was a 17.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Christopher K. Cox sold 60,000 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $775.95, for a total transaction of $46,557,000.00. Following the sale, the insider owned 237,205 shares in the company, valued at $184,059,219.75. This represents a 20.19% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 243,610 shares of company stock valued at $186,301,207 in the last ninety days. 13.61% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on META shares. KeyCorp upped their price objective on shares of Meta Platforms from $800.00 to $905.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Hsbc Global Res upgraded shares of Meta Platforms from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 31st. Royal Bank Of Canada increased their price target on shares of Meta Platforms from $740.00 to $840.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Oppenheimer raised their price objective on shares of Meta Platforms from $775.00 to $870.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Finally, Wedbush upped their target price on Meta Platforms from $750.00 to $920.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. Three investment analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $826.05.

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.