Westend Capital Management LLC Has $21.18 Million Holdings in Meta Platforms, Inc. $META

Westend Capital Management LLC boosted its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 2.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 28,699 shares of the social networking company’s stock after buying an additional 615 shares during the quarter. Meta Platforms accounts for about 6.5% of Westend Capital Management LLC’s holdings, making the stock its 2nd largest position. Westend Capital Management LLC’s holdings in Meta Platforms were worth $21,182,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of META. Kingstone Capital Partners Texas LLC lifted its position in Meta Platforms by 608,429.2% during 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. GAMMA Investing LLC lifted its position in Meta Platforms by 67,172.9% during the first quarter. GAMMA Investing LLC now owns 23,452,665 shares of the social networking company’s stock valued at $13,517,178,000 after purchasing an additional 23,417,803 shares in the last quarter. Nuveen LLC purchased a new position in Meta Platforms during the first quarter valued at $2,990,544,000. Assenagon Asset Management S.A. lifted its position in Meta Platforms by 712.2% during the first quarter. Assenagon Asset Management S.A. now owns 2,537,631 shares of the social networking company’s stock valued at $1,462,589,000 after purchasing an additional 2,225,186 shares in the last quarter. Finally, Amundi lifted its position in Meta Platforms by 23.5% during the first quarter. Amundi now owns 7,733,061 shares of the social networking company’s stock valued at $4,111,050,000 after purchasing an additional 1,470,070 shares in the last quarter. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Meta Platforms Trading Up 0.7%

Shares of META stock opened at $760.66 on Thursday. 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 stock’s 50-day moving average price is $750.00 and its 200-day moving average price is $668.49. The stock has a market capitalization of $1.91 trillion, a price-to-earnings ratio of 27.54, a price-to-earnings-growth ratio of 1.58 and a beta of 1.24.

Meta Platforms (NASDAQ:META) last issued its earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) 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 firm 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 business’s revenue was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. Equities research analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

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

Insiders Place Their Bets

In other Meta Platforms news, Director Robert M. Kimmitt sold 465 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $757.47, for a total transaction of $352,223.55. Following the sale, 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jennifer Newstead sold 519 shares of the business’s stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $767.16, for a total value of $398,156.04. Following the sale, the insider directly owned 30,870 shares in the company, valued at $23,682,229.20. The trade was a 1.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 243,610 shares of company stock valued at $186,301,207 over the last ninety days. 13.61% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on META. Benchmark boosted their price objective on Meta Platforms from $800.00 to $890.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. KeyCorp boosted their price objective on Meta Platforms from $800.00 to $905.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. Stifel Nicolaus boosted their price objective on Meta Platforms from $845.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Monness Crespi & Hardt boosted their price objective on Meta Platforms from $780.00 to $860.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Finally, Pivotal Research boosted their price objective on Meta Platforms from $830.00 to $930.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Three research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average 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.