Avior Wealth Management LLC Increases Stake in Meta Platforms, Inc. $META

Key Points

• Avior Wealth Management LLC increased its stake in Meta Platforms by 15.5% in Q2, holding 21,047 shares valued at $15,534,000.
• Multiple hedge funds, including Pachira Investments and Shelton Wealth Management, also raised their stakes in Meta, contributing to institutional ownership of nearly 80% of the company.
• Analysts have raised their price targets for Meta, with the consensus target now at $830.02, reflecting strong demand and positive performance for the company.

Avior Wealth Management LLC grew its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 15.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,047 shares of the social networking company's stock after acquiring an additional 2,822 shares during the quarter. Avior Wealth Management LLC's holdings in Meta Platforms were worth $15,534,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in META. Pachira Investments Inc. increased its stake in Meta Platforms by 3.0% in the 2nd quarter. Pachira Investments Inc. now owns 488 shares of the social networking company's stock worth $360,000 after buying an additional 14 shares during the period. Shelton Wealth Management LLC increased its stake in Meta Platforms by 0.9% in the 2nd quarter. Shelton Wealth Management LLC now owns 1,764 shares of the social networking company's stock worth $1,302,000 after buying an additional 15 shares during the period. Myecfo LLC increased its stake in Meta Platforms by 2.0% in the 2nd quarter. Myecfo LLC now owns 776 shares of the social networking company's stock worth $573,000 after buying an additional 15 shares during the period. Kooman & Associates increased its stake in Meta Platforms by 2.8% in the 2nd quarter. Kooman & Associates now owns 544 shares of the social networking company's stock worth $402,000 after buying an additional 15 shares during the period. Finally, Cedar Point Capital Partners LLC increased its stake in Meta Platforms by 2.2% in the 1st quarter. Cedar Point Capital Partners LLC now owns 752 shares of the social networking company's stock worth $433,000 after buying an additional 16 shares during the period. Hedge funds and other institutional investors own 79.91% of the company's stock.

Analyst Ratings Changes

META has been the topic of several recent analyst reports. Benchmark raised their price target on shares of Meta Platforms from $800.00 to $890.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Sanford C. Bernstein raised their price target on shares of Meta Platforms from $775.00 to $900.00 and gave the stock an "outperform" 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. Morgan Stanley raised their price target on shares of Meta Platforms from $750.00 to $850.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Finally, Citizens Jmp raised their target price on shares of Meta Platforms from $750.00 to $900.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Four analysts have rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $830.02.

Meta Platforms Stock Up 1.4%

NASDAQ:META opened at $727.05 on Friday. Meta Platforms, Inc. has a fifty-two week low of $479.80 and a fifty-two week high of $796.25. The stock has a market capitalization of $1.83 trillion, a P/E ratio of 26.32, a P/E/G ratio of 1.50 and a beta of 1.20. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.97. The company's 50-day simple moving average is $753.26 and its 200-day simple moving average is $673.93.

Meta Platforms (NASDAQ:META - Get Free Report) last released its quarterly earnings results 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 business had revenue of $47.52 billion for the quarter, compared to analysts' expectations of $44.55 billion. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The company's revenue was up 21.6% compared to the same quarter last year. During the same period last year, the business earned $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. On average, equities analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were paid a $0.525 dividend. The ex-dividend date was Monday, September 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. Meta Platforms's dividend payout ratio (DPR) is 7.60%.

Insider Buying and Selling

In related news, Director Robert M. Kimmitt sold 465 shares of Meta Platforms stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $757.47, for a total value of $352,223.55. Following the completion of the sale, the director directly owned 8,412 shares in the company, valued at $6,371,837.64. This trade represents a 5.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Javier Olivan sold 517 shares of Meta Platforms stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $748.72, for a total transaction of $387,088.24. Following the completion of the sale, the chief operating officer owned 10,026 shares of the company's stock, valued at $7,506,666.72. This trade represents a 4.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 214,182 shares of company stock worth $164,955,168 in the last three months. Corporate insiders own 13.61% of the company's stock.

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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