Crestwood Advisors Group LLC Boosts Position in Meta Platforms, Inc. $META

Crestwood Advisors Group LLC raised its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 2.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 196,093 shares of the social networking company’s stock after purchasing an additional 3,753 shares during the quarter. Meta Platforms accounts for about 2.6% of Crestwood Advisors Group LLC’s holdings, making the stock its 5th biggest holding. Crestwood Advisors Group LLC’s holdings in Meta Platforms were worth $144,734,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the stock. Evergreen Private Wealth LLC grew its position in Meta Platforms by 237.5% in the second quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company’s stock worth $40,000 after acquiring an additional 38 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. bought a new stake in Meta Platforms during the first quarter worth about $33,000. Briaud Financial Planning Inc purchased a new position in shares of Meta Platforms in the 2nd quarter worth about $42,000. WFA Asset Management Corp increased its position in shares of Meta Platforms by 42.6% during the 2nd quarter. WFA Asset Management Corp now owns 67 shares of the social networking company’s stock valued at $49,000 after purchasing an additional 20 shares during the last quarter. Finally, Maseco LLP purchased a new position in shares of Meta Platforms during the 2nd quarter valued at about $54,000. Institutional investors own 79.91% of the company’s stock.

Meta Platforms Stock Performance

Shares of NASDAQ:META opened at $609.46 on Friday. 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 50-day moving average price of $713.72 and a 200-day moving average price of $705.18. The company has a market cap of $1.54 trillion, a price-to-earnings ratio of 26.92, 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.

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, topping the consensus estimate of $6.74 by $0.51. The company had revenue of $51.24 billion for the quarter, compared to analysts’ expectations of $49.34 billion. Meta Platforms had a return on equity of 39.35% and a net margin of 30.89%.Meta Platforms’s quarterly revenue was up 26.2% on a year-over-year basis. During the same period last year, the firm earned $6.03 earnings per share. Meta Platforms has set its Q4 2025 guidance at EPS. As a group, equities analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were issued a $0.525 dividend. The ex-dividend date was Monday, September 22nd. This represents a $2.10 annualized dividend and a yield of 0.3%. Meta Platforms’s dividend payout ratio is 9.28%.

Analysts Set New Price Targets

META has been the subject of several research reports. Truist Financial cut their target price on Meta Platforms from $900.00 to $875.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. Morgan Stanley increased their target price on shares of Meta Platforms from $750.00 to $850.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Wedbush reiterated an “outperform” rating and issued a $920.00 target price on shares of Meta Platforms in a research report on Thursday, October 30th. Zacks Research upgraded shares of Meta Platforms from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 20th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $870.00 price objective (down from $900.00) on shares of Meta Platforms in a research note on Thursday, October 30th. Four 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 company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $827.60.

Insider Transactions at Meta Platforms

In related news, Director Robert M. Kimmitt sold 465 shares of the stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $716.97, for a total value of $333,391.05. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Javier Olivan sold 517 shares of Meta Platforms 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 $326,227.00. Following the sale, the chief operating officer directly owned 6,924 shares in the company, valued at approximately $4,369,044. The trade was a 6.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 44,421 shares of company stock valued at $33,573,980. Company insiders own 13.61% of the company’s stock.

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.