McGuire Investment Group LLC Purchases 100 Shares of Meta Platforms, Inc. $META

McGuire Investment Group LLC increased its position in Meta Platforms, Inc. (NASDAQ:META) by 13.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 821 shares of the social networking company’s stock after buying an additional 100 shares during the period. McGuire Investment Group LLC’s holdings in Meta Platforms were worth $606,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Warren Street Wealth Advisors LLC boosted its holdings in Meta Platforms by 5.2% in the 2nd quarter. Warren Street Wealth Advisors LLC now owns 3,159 shares of the social networking company’s stock worth $2,332,000 after buying an additional 155 shares during the period. Naples Global Advisors LLC boosted its holdings in Meta Platforms by 13.1% in the 2nd quarter. Naples Global Advisors LLC now owns 11,491 shares of the social networking company’s stock worth $8,482,000 after buying an additional 1,332 shares during the period. Parsons Capital Management Inc. RI boosted its holdings in Meta Platforms by 29.0% in the 2nd quarter. Parsons Capital Management Inc. RI now owns 10,019 shares of the social networking company’s stock worth $7,395,000 after buying an additional 2,254 shares during the period. Pure Financial Advisors LLC boosted its holdings in Meta Platforms by 19.3% in the 2nd quarter. Pure Financial Advisors LLC now owns 5,267 shares of the social networking company’s stock worth $3,887,000 after buying an additional 851 shares during the period. Finally, Consolidated Planning Corp boosted its holdings in Meta Platforms by 1.9% in the 2nd quarter. Consolidated Planning Corp now owns 13,711 shares of the social networking company’s stock worth $10,120,000 after buying an additional 259 shares during the period. Institutional investors own 79.91% of the company’s stock.

Meta Platforms Stock Up 0.7%

Shares of NASDAQ META opened at $717.84 on Thursday. The firm’s 50-day moving average price is $753.89 and its 200-day moving average price is $677.44. 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 has a market capitalization of $1.80 trillion, a price-to-earnings ratio of 25.99, a P/E/G ratio of 1.49 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 earnings results 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 firm 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%. The business’s revenue was up 21.6% compared to the same quarter last year. During the same period in the prior year, the company earned $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. On average, equities research analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Pivotal Research upped their target price on shares of Meta Platforms from $830.00 to $930.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. JPMorgan Chase & Co. boosted their price target on shares of Meta Platforms from $795.00 to $875.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. BMO Capital Markets boosted their price target on shares of Meta Platforms from $610.00 to $710.00 and gave the stock a “market perform” rating in a research note on Thursday, July 31st. TD Cowen boosted their price target on shares of Meta Platforms from $800.00 to $875.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Finally, Oppenheimer boosted their price target on shares of Meta Platforms from $775.00 to $870.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. Four investment 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 stock. According to MarketBeat, Meta Platforms has a consensus rating of “Moderate Buy” and a consensus price target of $830.61.

Insider Activity

In related news, insider Jennifer Newstead sold 519 shares of the stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $741.50, for a total value of $384,838.50. Following the sale, the insider directly owned 29,832 shares of the company’s stock, valued at $22,120,428. This represents a 1.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert M. Kimmitt sold 465 shares of the company’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $757.47, for a total transaction of $352,223.55. Following the completion of the transaction, the director owned 8,412 shares in the company, valued at $6,371,837.64. This represents a 5.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 213,663 shares of company stock worth $164,574,107. 13.61% of the stock is currently owned by corporate insiders.

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.