1,419 Shares in Meta Platforms, Inc. $META Bought by Strathmore Capital Advisors Inc.

Key Points

• Strathmore Capital Advisors Inc. recently acquired 1,419 shares of Meta Platforms, Inc. (NASDAQ:META) for approximately $1,040,000, making it the firm's 29th largest holding.
• Brokerages have upgraded Meta's stock rating, with HSBC Global Research raising it to "strong-buy" and several others increasing their price targets significantly.
• Meta Platforms has reported a 21.6% year-over-year revenue increase for the last quarter, achieving earnings of $7.14 per share, surpassing analysts' expectations.

Strathmore Capital Advisors Inc. purchased a new position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 1,419 shares of the social networking company's stock, valued at approximately $1,040,000. Meta Platforms accounts for approximately 0.5% of Strathmore Capital Advisors Inc.'s portfolio, making the stock its 29th biggest holding.

A number of other large investors have also bought and sold shares of META. GAMMA Investing LLC increased its position in Meta Platforms by 67,172.9% in the first quarter. GAMMA Investing LLC now owns 23,452,665 shares of the social networking company's stock worth $13,517,178,000 after buying an additional 23,417,803 shares during the last quarter. Nuveen LLC purchased a new stake in Meta Platforms in the first quarter worth $2,990,544,000. Assenagon Asset Management S.A. increased its position in Meta Platforms by 712.2% in the first quarter. Assenagon Asset Management S.A. now owns 2,537,631 shares of the social networking company's stock worth $1,462,589,000 after buying an additional 2,225,186 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Meta Platforms in the fourth quarter worth $1,162,918,000. Finally, Amundi grew its position in shares of Meta Platforms by 23.5% in the first quarter. Amundi now owns 7,733,061 shares of the social networking company's stock valued at $4,111,050,000 after purchasing an additional 1,470,070 shares in the last quarter. 79.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on META. Hsbc Global Res upgraded Meta Platforms from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 31st. Barclays lifted their price target on Meta Platforms from $640.00 to $810.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Oppenheimer lifted their price target on Meta Platforms from $775.00 to $870.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Benchmark lifted their price target on Meta Platforms from $800.00 to $890.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Finally, Zacks Research cut Meta Platforms from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Three 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's stock. According to MarketBeat, Meta Platforms currently has an average rating of "Moderate Buy" and a consensus price target of $826.05.

Meta Platforms Trading Down 0.2%

NASDAQ META opened at $778.38 on Friday. Meta Platforms, Inc. has a 1-year low of $479.80 and a 1-year high of $796.25. 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 50-day moving average of $747.06 and a 200-day moving average of $666.00. The firm has a market cap of $1.96 trillion, a PE ratio of 28.18, a price-to-earnings-growth ratio of 1.62 and a beta of 1.24.

Meta Platforms (NASDAQ:META - Get Free Report) last released its earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share for the quarter, beating analysts' consensus estimates of $5.75 by $1.39. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The company had revenue of $47.52 billion during the quarter, compared to analyst estimates of $44.55 billion. During the same quarter in the previous year, the company posted $5.16 EPS. Meta Platforms's revenue for the quarter was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, sell-side analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Dividend Announcement

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

Insider Activity

In other Meta Platforms news, COO Javier Olivan sold 517 shares of the company's stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $757.47, for a total transaction of $391,611.99. Following the completion of the transaction, the chief operating officer owned 11,060 shares of the company's stock, valued at $8,377,618.20. This represents a 4.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jennifer Newstead sold 519 shares of the company's stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $767.16, for a total value of $398,156.04. Following the transaction, the insider directly owned 30,870 shares of the company's stock, valued at $23,682,229.20. The trade was a 1.65% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 257,922 shares of company stock valued at $196,412,792. Insiders own 13.61% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.