Lord & Richards Wealth Management LLC Buys 114 Shares of Meta Platforms, Inc. $META

Lord & Richards Wealth Management LLC raised its position in Meta Platforms, Inc. (NASDAQ:META) by 22.2% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 628 shares of the social networking company’s stock after buying an additional 114 shares during the period. Lord & Richards Wealth Management LLC’s holdings in Meta Platforms were worth $464,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC raised its holdings in Meta Platforms by 1.7% during the 4th quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company’s stock worth $20,230,000 after purchasing an additional 570 shares during the last quarter. Revolve Wealth Partners LLC boosted its stake in shares of Meta Platforms by 10.2% in the 4th quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company’s stock valued at $5,537,000 after purchasing an additional 875 shares during the last quarter. 1776 Wealth LLC grew its position in shares of Meta Platforms by 137.2% during the 1st quarter. 1776 Wealth LLC now owns 1,167 shares of the social networking company’s stock worth $673,000 after buying an additional 675 shares during the period. Smart Money Group LLC raised its stake in shares of Meta Platforms by 20.4% during the first quarter. Smart Money Group LLC now owns 2,052 shares of the social networking company’s stock worth $1,182,000 after buying an additional 348 shares during the last quarter. Finally, Pittenger & Anderson Inc. raised its stake in shares of Meta Platforms by 9.8% during the first quarter. Pittenger & Anderson Inc. now owns 46,320 shares of the social networking company’s stock worth $26,697,000 after buying an additional 4,142 shares during the last quarter. Institutional investors own 79.91% of the company’s stock.

Insiders Place Their Bets

In related news, Director Robert M. Kimmitt sold 465 shares of the firm’s stock in a transaction on Wednesday, October 15th. The shares were 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 in the company, valued at $5,697,760.59. This trade represents a 5.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jennifer Newstead sold 516 shares of the business’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $631.00, for a total transaction of $325,596.00. Following the completion of the sale, the insider directly 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 SEC filing for this sale provides additional information. In the last three months, insiders have sold 44,421 shares of company stock worth $33,573,980. Company insiders own 13.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on META. JMP Securities raised their price objective on shares of Meta Platforms from $750.00 to $900.00 and gave the company a “market outperform” rating in a research note on Thursday, July 31st. Truist Financial cut their price target on Meta Platforms from $900.00 to $875.00 and set a “buy” rating on the stock in a research note on Thursday, October 30th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $900.00 price objective on shares of Meta Platforms in a research note on Thursday, October 30th. Scotiabank upped their price objective on Meta Platforms from $675.00 to $685.00 and gave the company a “sector perform” rating in a report on Thursday, July 31st. Finally, Wedbush reissued an “outperform” rating and issued a $920.00 target price on shares of Meta Platforms in a research note on Thursday, October 30th. Four research analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $827.60.

Meta Platforms Stock Performance

Shares of Meta Platforms stock opened at $609.46 on Friday. The stock’s fifty day simple moving average is $713.72 and its 200 day simple moving average is $704.14. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $1.54 trillion, a PE ratio of 26.92, a PEG 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.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.74 by $0.51. The company had revenue of $51.24 billion during the quarter, compared to the consensus estimate of $49.34 billion. Meta Platforms had a return on equity of 39.35% and a net margin of 30.89%.The company’s revenue for the quarter was up 26.2% compared to the same quarter last year. During the same period in the prior year, the company earned $6.03 earnings per share. Meta Platforms has set its Q4 2025 guidance at EPS. On average, research analysts predict that Meta Platforms, Inc. will post 26.7 EPS 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%.

Meta Platforms Company 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.