RDA Financial Network Has $10.63 Million Holdings in Meta Platforms, Inc. $META

RDA Financial Network raised its stake in Meta Platforms, Inc. (NASDAQ:META) by 33.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 18,877 shares of the social networking company’s stock after buying an additional 4,774 shares during the period. Meta Platforms accounts for 2.3% of RDA Financial Network’s holdings, making the stock its 8th largest holding. RDA Financial Network’s holdings in Meta Platforms were worth $10,633,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of META. First National Bank Sioux Falls boosted its holdings in shares of Meta Platforms by 0.7% during the 4th quarter. First National Bank Sioux Falls now owns 2,001 shares of the social networking company’s stock worth $1,321,000 after buying an additional 14 shares during the period. Levin Capital Strategies L.P. raised its holdings in Meta Platforms by 1.4% in the 4th quarter. Levin Capital Strategies L.P. now owns 984 shares of the social networking company’s stock valued at $649,000 after acquiring an additional 14 shares during the period. Vista Capital Partners Inc. raised its holdings in Meta Platforms by 1.3% in the 2nd quarter. Vista Capital Partners Inc. now owns 1,075 shares of the social networking company’s stock valued at $794,000 after acquiring an additional 14 shares during the period. Arcataur Capital Management LLC lifted its position in Meta Platforms by 0.9% during the fourth quarter. Arcataur Capital Management LLC now owns 1,736 shares of the social networking company’s stock worth $1,146,000 after acquiring an additional 15 shares during the last quarter. Finally, Acorn Creek Capital LLC lifted its position in Meta Platforms by 0.7% during the fourth quarter. Acorn Creek Capital LLC now owns 2,118 shares of the social networking company’s stock worth $1,398,000 after acquiring an additional 15 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Meta Platforms Stock Performance

Shares of NASDAQ:META opened at $587.94 on Wednesday. The company’s 50 day moving average price is $600.27 and its two-hundred day moving average price is $622.36. Meta Platforms, Inc. has a 12-month low of $520.26 and a 12-month high of $796.25. The firm has a market cap of $1.49 trillion, a PE ratio of 22.14, a PEG ratio of 1.00 and a beta of 1.25. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.32.

Meta Platforms (NASDAQ:META) last announced its earnings results on Wednesday, July 29th. The social networking company reported $6.18 EPS for the quarter, missing the consensus estimate of $7.19 by ($1.01). Meta Platforms had a return on equity of 33.18% and a net margin of 29.83%.The business had revenue of $60.80 billion for the quarter, compared to the consensus estimate of $60.22 billion. During the same period in the prior year, the business posted $7.14 earnings per share. The firm’s revenue for the quarter was up 28.0% compared to the same quarter last year. Equities research analysts predict that Meta Platforms, Inc. will post 28.7 earnings per share for the current year.

Meta Platforms Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Monday, June 15th were given a dividend of $0.525 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $2.10 dividend on an annualized basis and a yield of 0.4%. Meta Platforms’s dividend payout ratio is currently 7.91%.

Insider Buying and Selling

In other news, insider Curtis J. Mahoney sold 2,079 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $609.92, for a total transaction of $1,268,023.68. Following the sale, the insider directly owned 1,118 shares of the company’s stock, valued at approximately $681,890.56. This represents a 65.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Javier Olivan sold 3,348 shares of the firm’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $600.97, for a total value of $2,012,047.56. Following the completion of the transaction, the chief operating officer owned 9,498 shares in the company, valued at $5,708,013.06. The trade was a 26.06% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 37,770 shares of company stock worth $23,034,051 in the last quarter. Insiders own 13.53% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on META. Cantor Fitzgerald decreased their target price on Meta Platforms from $770.00 to $680.00 and set an “overweight” rating on the stock in a research report on Thursday, July 30th. DA Davidson dropped their price target on Meta Platforms from $850.00 to $700.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Mizuho set a $750.00 price target on Meta Platforms in a research note on Thursday, July 30th. Citigroup reduced their price target on Meta Platforms from $850.00 to $800.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Meta Platforms in a report on Wednesday, July 8th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $785.32.

Key Stories Impacting Meta Platforms

Here are the key news stories impacting Meta Platforms this week:

• Positive Sentiment: Meta’s second-quarter revenue rose 28% year over year to $60.8 billion, exceeding expectations, while AI-powered recommendations and ad tools are improving user engagement and monetization. Some analysts and investors view the post-earnings selloff as an attractive entry point because the core advertising business remains strong. META Q2 Deep Dive: AI Investment Drives Engagement as Margins Face Pressure
• Positive Sentiment: Several commentaries argue that Meta’s large AI investment could support longer-term growth rather than represent wasteful spending. Optimistic analysts point to the company’s scale, advertising cash flow and potential for AI to strengthen recommendations, ad targeting and new products. 28% Revenue Growth Ignored: Why Panic-Selling Meta Stock Over Infrastructure Spend Is a Mistake
• Neutral Sentiment: Meta is scheduled to participate in White House discussions with other leading AI companies about voluntary safety testing for advanced models following concerns about rogue AI agents. The meeting could improve regulatory relations, although it also highlights growing oversight risks for Meta’s AI initiatives. Meta, Anthropic, Google, OpenAI to Meet With Trump White House
• Negative Sentiment: Investors remain concerned about the scale and duration of Meta’s AI infrastructure commitments. Meta and other Big Tech companies have roughly $1.09 trillion in future payments under data-center leases, increasing fixed obligations before the spending generates returns. Meta also missed quarterly EPS expectations and issued revenue guidance below consensus, raising concerns about margin pressure and execution. AI Data-Centre Race Builds $1 Trillion Lease Burden for Big Tech

Meta Platforms Profile

Meta Platforms, Inc (NASDAQ: META), formerly Facebook, Inc, is a global technology company best known for building social networking services and immersive computing platforms. Founded in 2004 and headquartered in Menlo Park, California, the company operates a family of consumer-facing products and services that connect users, creators and businesses. In October 2021 the company rebranded as Meta to reflect an expanded strategic focus on augmented and virtual reality technologies alongside its social media businesses.

Meta’s core consumer products include Facebook, Instagram, WhatsApp and Messenger, which enable social networking, messaging, content sharing and community building across mobile and desktop devices.