8,649 Shares in Meta Platforms, Inc. $META Acquired by IMS Capital Management

Key Points

• IMS Capital Management acquired 8,649 shares of Meta Platforms, Inc. ($META), valued at approximately $6.38 million, making it 3.0% of their investment portfolio.
• Recent analyst upgrades for Meta include a price target increase from $800 to $905, with a consensus rating of "Moderate Buy."
• Insider trading activity included significant sales by CTO Andrew Bosworth and CEO Mark Zuckerberg, totaling $21 million in shares sold over the past 90 days.

IMS Capital Management bought a new position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,649 shares of the social networking company's stock, valued at approximately $6,384,000. Meta Platforms makes up 3.0% of IMS Capital Management's investment portfolio, making the stock its 6th biggest holding.

A number of other large investors have also bought and sold shares of the business. Brighton Jones LLC grew its stake in shares of Meta Platforms by 1.7% during the 4th quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock worth $20,230,000 after acquiring an additional 570 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in shares of Meta Platforms by 10.2% during the 4th quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company's stock worth $5,537,000 after acquiring an additional 875 shares in the last quarter. Bath Savings Trust Co grew its stake in shares of Meta Platforms by 15.2% during the 1st quarter. Bath Savings Trust Co now owns 562 shares of the social networking company's stock worth $324,000 after acquiring an additional 74 shares in the last quarter. Doliver Advisors LP grew its stake in shares of Meta Platforms by 5.0% during the 1st quarter. Doliver Advisors LP now owns 9,816 shares of the social networking company's stock worth $5,658,000 after acquiring an additional 465 shares in the last quarter. Finally, Legacy Financial Strategies LLC grew its stake in shares of Meta Platforms by 1.2% during the 1st quarter. Legacy Financial Strategies LLC now owns 2,003 shares of the social networking company's stock worth $1,154,000 after acquiring an additional 23 shares in the last quarter. 79.91% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. KeyCorp raised their price target on shares of Meta Platforms from $800.00 to $905.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Hsbc Global Res raised shares of Meta Platforms from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 31st. Bank of America raised their price target on shares of Meta Platforms from $775.00 to $900.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Guggenheim reaffirmed a "buy" rating and set a $800.00 price target (up from $725.00) on shares of Meta Platforms in a research note on Monday, July 28th. Finally, BMO Capital Markets raised their target price on shares of Meta Platforms from $610.00 to $710.00 and gave the company a "market perform" rating in a research note on Thursday, July 31st. Three analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $826.05.

Insider Buying and Selling

In related news, CTO Andrew Bosworth sold 11,694 shares of the business's stock in a transaction dated 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 transaction, the chief technology officer owned 1,799 shares of the company's stock, valued at $1,394,225. The trade was a 86.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Mark Zuckerberg sold 15,847 shares of the business's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $753.43, for a total value of $11,939,605.21. The disclosure for this sale can be found here. Insiders sold 230,336 shares of company stock worth $176,625,049 in the last ninety days. 13.61% of the stock is owned by company insiders.

Meta Platforms Trading Down 0.7%

Shares of Meta Platforms stock opened at $743.75 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 debt-to-equity ratio of 0.15, a current ratio of 1.97 and a quick ratio of 1.97. The company has a market capitalization of $1.87 trillion, a price-to-earnings ratio of 26.93, a P/E/G ratio of 1.55 and a beta of 1.24. The business has a fifty day simple moving average of $751.74 and a two-hundred day simple moving average of $670.84.

Meta Platforms (NASDAQ:META - Get Free Report) last posted 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. 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 the consensus estimate of $44.55 billion. During the same quarter last year, the firm earned $5.16 earnings per share. The company's revenue was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. Research analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 22nd will be issued a dividend of $0.525 per share. The ex-dividend date of this dividend 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 currently 7.60%.

Meta Platforms 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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