American Money Management LLC Purchases 455 Shares of Meta Platforms, Inc. $META

Key Points

• American Money Management LLC increased its stake in Meta Platforms, Inc. by 3.8%, acquiring an additional 455 shares to total 12,323 shares worth approximately $7.1 million.
• CEO Mark Zuckerberg sold 1,037 shares for over $814,000, while insider Christopher K. Cox sold 15,000 shares valued at approximately $11.5 million.
• Meta recently reported strong earnings, with $7.14 EPS for the quarter, beating estimates and showing a year-over-year revenue increase of 21.6%.

American Money Management LLC boosted its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 3.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,323 shares of the social networking company's stock after acquiring an additional 455 shares during the quarter. Meta Platforms accounts for 1.3% of American Money Management LLC's portfolio, making the stock its 24th largest position. American Money Management LLC's holdings in Meta Platforms were worth $7,102,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of META. Inlight Wealth Management LLC purchased a new stake in shares of Meta Platforms in the 1st quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Meta Platforms during the 1st quarter valued at about $28,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in Meta Platforms during the first quarter valued at approximately $33,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of Meta Platforms during the fourth quarter worth $45,000. Finally, JCIC Asset Management Inc. raised its stake in Meta Platforms by 102.6% during the first quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company's stock valued at $46,000 after purchasing an additional 40 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, insider Christopher K. Cox sold 60,000 shares of Meta Platforms stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $775.95, for a total transaction of $46,557,000.00. Following the completion of the transaction, the insider owned 237,205 shares in the company, valued at approximately $184,059,219.75. The trade was a 20.19% 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, CEO Mark Zuckerberg sold 15,847 shares of the business's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $753.43, for a total transaction of $11,939,605.21. The disclosure for this sale can be found here. Insiders sold 267,732 shares of company stock worth $199,652,003 over the last ninety days. Corporate insiders own 13.61% of the company's stock.

Analysts Set New Price Targets

META has been the subject of several research analyst reports. Bank of America increased their price objective on shares of Meta Platforms from $775.00 to $900.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Scotiabank upped their target price on shares of Meta Platforms from $675.00 to $685.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 31st. Cantor Fitzgerald reissued an "overweight" rating and issued a $920.00 price objective on shares of Meta Platforms in a report on Wednesday, August 13th. Royal Bank Of Canada raised their price target on Meta Platforms from $740.00 to $840.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Finally, KeyCorp lifted their price objective on Meta Platforms from $800.00 to $905.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $822.41.

Meta Platforms Stock Down 2.2%

Shares of META stock traded down $17.1430 on Tuesday, hitting $750.2270. 8,934,642 shares of the stock were exchanged, compared to its average volume of 15,298,904. The firm has a market capitalization of $1.88 trillion, a P/E ratio of 27.16, a price-to-earnings-growth ratio of 1.63 and a beta of 1.27. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15. Meta Platforms, Inc. has a fifty-two week low of $479.80 and a fifty-two week high of $796.25. The business has a 50-day moving average of $725.90 and a 200 day moving average of $655.75.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its earnings results on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, beating analysts' consensus estimates of $5.75 by $1.39. The business had revenue of $47.52 billion during 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 was up 21.6% compared to the same quarter last year. During the same period in the previous year, the company posted $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. Equities analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Monday, June 16th were issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Monday, June 16th. Meta Platforms's dividend payout ratio (DPR) 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.