Advance Capital Management Inc. Raises Position in Meta Platforms, Inc. $META

Advance Capital Management Inc. lifted its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 4.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,130 shares of the social networking company’s stock after purchasing an additional 43 shares during the period. Advance Capital Management Inc.’s holdings in Meta Platforms were worth $834,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Persium Advisors LLC boosted its holdings in Meta Platforms by 5.7% in the 2nd quarter. Persium Advisors LLC now owns 1,090 shares of the social networking company’s stock valued at $805,000 after purchasing an additional 59 shares during the period. Webster Bank N. A. increased its position in shares of Meta Platforms by 4.2% in the second quarter. Webster Bank N. A. now owns 16,874 shares of the social networking company’s stock valued at $12,455,000 after acquiring an additional 681 shares during the period. MRA Advisory Group boosted its stake in shares of Meta Platforms by 12.1% during the 2nd quarter. MRA Advisory Group now owns 5,837 shares of the social networking company’s stock valued at $4,308,000 after purchasing an additional 628 shares in the last quarter. Richard P Slaughter Associates Inc lifted its holdings in Meta Platforms by 9.4% in the second quarter. Richard P Slaughter Associates Inc now owns 5,733 shares of the social networking company’s stock worth $4,231,000 after buying an additional 494 shares during the period. Finally, Allen Mooney & Barnes Investment Advisors LLC boosted its stake in Meta Platforms by 89.0% during the second quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 38,617 shares of the social networking company’s stock worth $28,503,000 after acquiring an additional 18,184 shares in the last quarter. 79.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Robert W. Baird upped their target price on shares of Meta Platforms from $635.00 to $740.00 and gave the company an “outperform” rating in a report on Wednesday, July 2nd. Monness Crespi & Hardt raised their target price on shares of Meta Platforms from $780.00 to $860.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Citigroup reissued an “outperform” rating on shares of Meta Platforms in a research report on Thursday, July 31st. Piper Sandler raised their price target on shares of Meta Platforms from $808.00 to $880.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Finally, Scotiabank lifted their price objective on shares of Meta Platforms from $675.00 to $685.00 and gave the company a “sector perform” rating in a research note on Thursday, July 31st. Three research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Meta Platforms has a consensus rating of “Moderate Buy” and an average target price of $822.41.

Insider Buying and Selling

In other Meta Platforms news, CTO Andrew Bosworth sold 11,694 shares of the firm’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $775.00, for a total value of $9,062,850.00. Following the completion of the sale, the chief technology officer owned 1,799 shares of the company’s stock, valued at approximately $1,394,225. This trade represents a 86.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Javier Olivan sold 517 shares of Meta Platforms stock in a transaction on Monday, September 8th. The stock was sold at an average price of $755.65, for a total value of $390,671.05. Following the transaction, the chief operating officer directly owned 11,577 shares of the company’s stock, valued at $8,748,160.05. This trade represents a 4.27% decrease in their position. The disclosure for this sale can be found here. Insiders sold 259,674 shares of company stock valued at $197,549,274 in the last ninety days. Company insiders own 13.61% of the company’s stock.

Meta Platforms Stock Up 1.2%

Shares of META opened at $764.70 on Tuesday. The stock has a market capitalization of $1.92 trillion, a PE ratio of 27.69, a P/E/G ratio of 1.56 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 debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.97. The company’s 50-day simple moving average is $742.75 and its 200-day simple moving average is $662.53.

Meta Platforms (NASDAQ:META) last released its earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share for the quarter, topping analysts’ consensus estimates of $5.75 by $1.39. The firm had revenue of $47.52 billion for the quarter, compared to analyst estimates of $44.55 billion. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The business’s quarterly revenue was up 21.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. Analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

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

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.