770 Shares in Meta Platforms, Inc. $META Acquired by Hofer & Associates. Inc

Key Points

• Hofer & Associates, Inc. acquired 770 shares of Meta Platforms, Inc., valued at approximately $568,000, indicating interest from institutional investors in the company's stock.
• Analysts have recently upgraded their price targets for Meta, with several firms increasing their estimates to around $900.00 or higher, reflecting a positive outlook for the company.
• Meta Platforms announced a quarterly dividend of $0.525 per share, representing a 0.3% yield, with the dividend set to be paid on September 29th.

Hofer & Associates. Inc acquired a new position in Meta Platforms, Inc. (NASDAQ:META - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 770 shares of the social networking company's stock, valued at approximately $568,000.

A number of other large investors also recently bought and sold shares of the business. Bank of Stockton raised its stake in Meta Platforms by 0.5% in the second quarter. Bank of Stockton now owns 4,543 shares of the social networking company's stock worth $3,353,000 after buying an additional 23 shares in the last quarter. ACT Advisors LLC. raised its stake in Meta Platforms by 8.5% in the second quarter. ACT Advisors LLC. now owns 1,215 shares of the social networking company's stock worth $897,000 after buying an additional 95 shares in the last quarter. CGN Advisors LLC increased its position in shares of Meta Platforms by 3.9% during the second quarter. CGN Advisors LLC now owns 9,615 shares of the social networking company's stock worth $7,097,000 after purchasing an additional 362 shares in the last quarter. Wealth Advisory Solutions LLC acquired a new position in shares of Meta Platforms during the second quarter worth $203,000. Finally, Argent Capital Management LLC increased its position in shares of Meta Platforms by 61.5% during the second quarter. Argent Capital Management LLC now owns 108,721 shares of the social networking company's stock worth $80,246,000 after purchasing an additional 41,418 shares in the last quarter. Institutional investors own 79.91% of the company's stock.

Analysts Set New Price Targets

META has been the topic of a number of recent analyst reports. Pivotal Research upped their price target on Meta Platforms from $830.00 to $930.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Benchmark upped their price target on Meta Platforms from $800.00 to $890.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Barclays upped their price target on Meta Platforms from $640.00 to $810.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Sanford C. Bernstein upped their price target on Meta Platforms from $775.00 to $900.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Finally, TD Cowen upped their price target on Meta Platforms from $800.00 to $875.00 and gave the stock a "buy" rating in a research report 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 assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $826.05.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, COO Javier Olivan sold 517 shares of the company's stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $781.33, for a total value of $403,947.61. Following the completion of the transaction, the chief operating officer owned 10,543 shares in the company, valued at approximately $8,237,562.19. This represents a 4.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jennifer Newstead sold 519 shares of the company's stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $769.20, for a total transaction of $399,214.80. Following the completion of the transaction, the insider owned 30,351 shares of the company's stock, valued at approximately $23,345,989.20. This trade represents a 1.68% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 230,336 shares of company stock valued at $176,625,049. 13.61% of the stock is owned by insiders.

Meta Platforms Price Performance

Shares of META opened at $743.75 on Friday. The firm has a market capitalization of $1.87 trillion, a PE ratio of 26.93, a price-to-earnings-growth ratio of 1.56 and a beta of 1.24. 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, Inc. has a 1-year low of $479.80 and a 1-year high of $796.25. The company's fifty day moving average price is $751.74 and its 200-day moving average price is $670.49.

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 for the quarter, beating analysts' consensus estimates of $5.75 by $1.39. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The firm had revenue of $47.52 billion for the quarter, compared to analyst estimates of $44.55 billion. During the same period in the previous year, the company earned $5.16 earnings per share. The business's quarterly revenue was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. On average, equities research analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Announces Dividend

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

Meta Platforms Company 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.

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