Affinity Capital Advisors LLC Grows Stake in Meta Platforms, Inc. $META

Key Points

• Affinity Capital Advisors LLC increased its stake in Meta Platforms by 21.9%, acquiring an additional 1,300 shares, bringing their total to 7,228 shares valued at $5.33 million.
• Meta Platforms reported $7.14 earnings per share for the last quarter, significantly exceeding analysts' expectations of $5.75, while also achieving 21.6% year-over-year revenue growth to $47.52 billion.
• The company recently announced a quarterly dividend of $0.525 per share, set to be paid on September 29th, reflecting a modest annual yield of 0.3%.

Affinity Capital Advisors LLC increased its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 21.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,228 shares of the social networking company's stock after acquiring an additional 1,300 shares during the quarter. Meta Platforms makes up 0.9% of Affinity Capital Advisors LLC's investment portfolio, making the stock its 21st largest position. Affinity Capital Advisors LLC's holdings in Meta Platforms were worth $5,335,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. ABLE Financial Group LLC raised its position in shares of Meta Platforms by 0.7% in the 4th quarter. ABLE Financial Group LLC now owns 2,136 shares of the social networking company's stock worth $1,251,000 after purchasing an additional 15 shares during the last quarter. Cedar Point Capital Partners LLC lifted its holdings in Meta Platforms by 2.2% in the first quarter. Cedar Point Capital Partners LLC now owns 752 shares of the social networking company's stock valued at $433,000 after acquiring an additional 16 shares during the period. IAM Advisory LLC raised its stake in shares of Meta Platforms by 0.9% in the second quarter. IAM Advisory LLC now owns 1,844 shares of the social networking company's stock worth $1,361,000 after buying an additional 16 shares during the period. Mosaic Family Wealth Partners LLC lifted its position in shares of Meta Platforms by 1.2% during the 4th quarter. Mosaic Family Wealth Partners LLC now owns 1,435 shares of the social networking company's stock valued at $840,000 after buying an additional 17 shares in the last quarter. Finally, Orin Green Financial LLC grew its position in shares of Meta Platforms by 2.2% during the fourth quarter. Orin Green Financial LLC now owns 795 shares of the social networking company's stock worth $465,000 after purchasing an additional 17 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors.

Meta Platforms Price Performance

META stock traded down $1.87 during midday trading on Friday, reaching $778.38. The stock had a trading volume of 22,494,703 shares, compared to its average volume of 9,174,566. The company's fifty day simple moving average is $747.06 and its 200 day simple moving average is $665.93. 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 company has a market cap of $1.96 trillion, a price-to-earnings ratio of 28.18, a price-to-earnings-growth ratio of 1.63 and a beta of 1.24. Meta Platforms, Inc. has a 52-week low of $479.80 and a 52-week high of $796.25.

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. The company had revenue of $47.52 billion for the quarter, compared to analyst estimates of $44.55 billion. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The firm's revenue for the quarter was up 21.6% on a year-over-year basis. During the same quarter last year, the firm posted $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, sell-side analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 22nd will be given 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 (DPR) is presently 7.60%.

Insider Buying and Selling

In other Meta Platforms news, COO Javier Olivan sold 517 shares of the company's stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $757.47, for a total transaction of $391,611.99. Following the sale, the chief operating officer owned 11,060 shares in the company, valued at $8,377,618.20. This represents a 4.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Robert M. Kimmitt sold 465 shares of the company's stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $757.47, for a total value of $352,223.55. Following the sale, the director owned 8,412 shares in the company, valued at approximately $6,371,837.64. This trade represents a 5.24% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 257,922 shares of company stock valued at $196,412,792. 13.61% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on META. Raymond James Financial boosted their target price on Meta Platforms from $750.00 to $900.00 and gave the company a "strong-buy" rating in a research report on Thursday, July 31st. JMP Securities increased their price target on Meta Platforms from $750.00 to $900.00 and gave the company a "market outperform" rating in a research note on Thursday, July 31st. Royal Bank Of Canada increased their price target on Meta Platforms from $740.00 to $840.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Hsbc Global Res upgraded shares of Meta Platforms from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 31st. Finally, DA Davidson increased their price target on shares of Meta Platforms from $650.00 to $825.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Three 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. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $826.05.

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.