Invst LLC raised its stake in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 38.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,937 shares of the social networking company’s stock after acquiring an additional 1,934 shares during the period. Invst LLC’s holdings in Meta Platforms were worth $3,998,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in META. Inlight Wealth Management LLC purchased a new position in shares of Meta Platforms during the 1st quarter worth about $25,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in Meta Platforms in the 1st quarter valued at about $28,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Meta Platforms in the 1st quarter worth approximately $33,000. JCIC Asset Management Inc. lifted its position in shares of Meta Platforms by 102.6% in the 1st quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company’s stock worth $46,000 after purchasing an additional 40 shares during the period. Finally, Stuart Chaussee & Associates Inc. purchased a new stake in shares of Meta Platforms in the 4th quarter worth approximately $47,000. 79.91% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several research firms recently commented on META. Morgan Stanley boosted their price objective on shares of Meta Platforms from $750.00 to $850.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. Zacks Research downgraded shares of Meta Platforms from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. Citizens Jmp increased their price objective on shares of Meta Platforms from $750.00 to $900.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $920.00 price objective on shares of Meta Platforms in a report on Wednesday, August 13th. Finally, Wedbush raised their price target on shares of Meta Platforms from $750.00 to $920.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. Three equities 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’s stock. According to MarketBeat.com, Meta Platforms currently has an average rating of “Moderate Buy” and an average price target of $822.41.
Meta Platforms Stock Performance
Shares of Meta Platforms stock opened at $750.90 on Friday. The firm’s fifty day simple moving average is $741.05 and its 200-day simple moving average is $661.24. The stock has a market capitalization of $1.89 trillion, a price-to-earnings ratio of 27.19, a PEG ratio of 1.55 and a beta of 1.24. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.97 and a quick ratio of 1.97.
Meta Platforms (NASDAQ:META – Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.75 by $1.39. The company had revenue of $47.52 billion for the quarter, compared to analysts’ expectations of $44.55 billion. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. Meta Platforms’s revenue was up 21.6% compared to the same quarter last year. During the same period in the previous year, the company posted $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, equities analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.
Meta Platforms Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 22nd will be given a $0.525 dividend. The ex-dividend date is Monday, September 22nd. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. Meta Platforms’s payout ratio is currently 7.60%.
Insider Buying and Selling at Meta Platforms
In other news, COO Javier Olivan sold 517 shares of the company’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $755.65, for a total transaction of $390,671.05. Following the completion of the transaction, the chief operating officer owned 11,577 shares of the company’s stock, valued at $8,748,160.05. This represents a 4.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jennifer Newstead sold 519 shares of the stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $757.50, for a total transaction of $393,142.50. Following the sale, the insider directly owned 31,389 shares of the company’s stock, valued at approximately $23,777,167.50. This trade represents a 1.63% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 283,280 shares of company stock valued at $214,119,908 over the last 90 days. 13.61% of the stock is currently owned by corporate insiders.
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.
Recommended Stories
- Five stocks we like better than Meta Platforms
- What Are Treasury Bonds?
- High-Flyers Near Resistance: 3 Stocks to Watch for a Dip
- Conference Calls and Individual Investors
- Seagate Technology Leads S&P 500: What’s Behind Its 120% Gain?
- About the Markup Calculator
- Vanguard’s VUG ETF: The Ultimate Growth ETF for Your Portfolio
Want to see what other hedge funds are holding META? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Meta Platforms, Inc. (NASDAQ:META – Free Report).
Receive News & Ratings for Meta Platforms Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meta Platforms and related companies with MarketBeat.com's FREE daily email newsletter.