Accurate Wealth Management LLC Buys 1,060 Shares of Meta Platforms, Inc. $META

Key Points

• Accurate Wealth Management LLC increased its holdings in Meta Platforms by 10.6%, acquiring an additional 1,060 shares to total 11,081, now making up 1.2% of its portfolio.
• Meta's stock has garnered positive attention, with analysts from Bank of America and JPMorgan boosting their price targets to $900.00 and $875.00, respectively, indicating strong confidence in its growth.
• The company recently declared a quarterly dividend of $0.525 per share, with an annualized yield of 0.3%, reflecting a payout ratio of 7.60%.

Accurate Wealth Management LLC boosted its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 10.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,081 shares of the social networking company's stock after acquiring an additional 1,060 shares during the quarter. Meta Platforms accounts for 1.2% of Accurate Wealth Management LLC's portfolio, making the stock its 12th largest position. Accurate Wealth Management LLC's holdings in Meta Platforms were worth $8,060,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Csenge Advisory Group lifted its position in Meta Platforms by 12.0% in the 1st quarter. Csenge Advisory Group now owns 9,539 shares of the social networking company's stock valued at $5,498,000 after acquiring an additional 1,019 shares in the last quarter. ARQ Wealth Advisors LLC lifted its position in Meta Platforms by 4.5% in the 1st quarter. ARQ Wealth Advisors LLC now owns 785 shares of the social networking company's stock valued at $452,000 after acquiring an additional 34 shares in the last quarter. JMG Financial Group Ltd. bought a new stake in Meta Platforms in the 1st quarter valued at $284,000. Infusive Asset Management Inc. lifted its position in Meta Platforms by 10.7% in the 1st quarter. Infusive Asset Management Inc. now owns 23,620 shares of the social networking company's stock valued at $13,614,000 after acquiring an additional 2,285 shares in the last quarter. Finally, Aspire Growth Partners LLC lifted its position in Meta Platforms by 7.3% in the 1st quarter. Aspire Growth Partners LLC now owns 662 shares of the social networking company's stock valued at $395,000 after acquiring an additional 45 shares in the last quarter. 79.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Bank of America boosted their price target on shares of Meta Platforms from $775.00 to $900.00 and gave the stock a "buy" rating in a research 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 report 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 report on Thursday, July 31st. Scotiabank boosted their price target on shares of Meta Platforms from $675.00 to $685.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 31st. Finally, Zacks Research cut shares of Meta Platforms from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Three 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 company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $826.05.

Insider Transactions at Meta Platforms

In other news, insider Jennifer Newstead sold 519 shares of the firm's stock in a transaction on Tuesday, September 23rd. The shares were 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert M. Kimmitt sold 465 shares of the firm's stock in a transaction on Monday, September 15th. The shares were sold at an average price of $757.47, for a total transaction of $352,223.55. Following the transaction, the director directly owned 8,412 shares of the company's stock, valued at $6,371,837.64. The trade was a 5.24% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 230,336 shares of company stock valued at $176,625,049. Company insiders own 13.61% of the company's stock.

Meta Platforms Stock Performance

Shares of NASDAQ:META opened at $743.75 on Friday. The company's 50 day moving average price is $751.74 and its two-hundred day moving average price is $670.84. Meta Platforms, Inc. has a 12-month low of $479.80 and a 12-month high of $796.25. The firm has a market cap of $1.87 trillion, a PE ratio of 26.93, a PEG ratio of 1.55 and a beta of 1.24. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.15.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, topping 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 quarter in the prior year, the business posted $5.16 EPS. The business's revenue was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. Equities research analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Dividend Announcement

The company also recently declared 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. 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 dividend payout ratio is 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.

Want to see what other hedge funds are holding META? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Meta Platforms, Inc. (NASDAQ:META - Free Report).

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.