Aviso Financial Inc. increased its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 21.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,426 shares of the social networking company's stock after buying an additional 2,221 shares during the quarter. Aviso Financial Inc.'s holdings in Meta Platforms were worth $7,162,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Inlight Wealth Management LLC acquired a new position in Meta Platforms during the 1st quarter worth approximately $25,000. Barnes Dennig Private Wealth Management LLC acquired a new position in Meta Platforms during the 1st quarter worth approximately $28,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in Meta Platforms during the 1st quarter worth approximately $33,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in Meta Platforms during the 4th quarter worth approximately $45,000. Finally, JCIC Asset Management Inc. raised its stake in Meta Platforms by 102.6% during the 1st quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company's stock worth $46,000 after buying an additional 40 shares during the period. 79.91% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Meta Platforms
In other Meta Platforms news, CEO Mark Zuckerberg sold 15,847 shares of the stock in a transaction on Friday, August 1st. The stock was sold at an average price of $753.43, for a total transaction of $11,939,605.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Susan J. Li sold 18,332 shares of the stock in a transaction on Monday, August 18th. The shares were sold at an average price of $764.71, for a total value of $14,018,663.72. Following the transaction, the chief financial officer directly owned 84,141 shares of the company's stock, valued at approximately $64,343,464.11. This trade represents a 17.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 313,803 shares of company stock worth $235,276,424 in the last quarter. 13.61% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
A number of brokerages have commented on META. Monness Crespi & Hardt boosted their price objective on Meta Platforms from $780.00 to $860.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Pivotal Research boosted their price objective on Meta Platforms from $830.00 to $930.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Barclays boosted their price objective on Meta Platforms from $640.00 to $810.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Piper Sandler boosted their price objective on Meta Platforms from $808.00 to $880.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Finally, JPMorgan Chase & Co. boosted their price objective on Meta Platforms from $795.00 to $875.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Three investment analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Meta Platforms has a consensus rating of "Moderate Buy" and a consensus target price of $822.41.
Get Our Latest Stock Report on Meta Platforms
Meta Platforms Stock Down 2.1%
Shares of NASDAQ:META opened at $751.48 on Wednesday. The company has a market capitalization of $1.89 trillion, a PE ratio of 27.21, a price-to-earnings-growth ratio of 1.59 and a beta of 1.27. 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 business has a fifty day moving average price of $726.88 and a two-hundred day moving average price of $656.42. Meta Platforms, Inc. has a 1 year low of $479.80 and a 1 year 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 (EPS) for the quarter, beating analysts' consensus estimates of $5.75 by $1.39. The firm had revenue of $47.52 billion during the quarter, compared to the consensus estimate of $44.55 billion. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The business's revenue for the quarter was up 21.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. Analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.
Meta Platforms Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Monday, June 16th were paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Monday, June 16th. Meta Platforms's dividend payout ratio is 7.60%.
Meta Platforms Profile
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Free Report)
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.
Further Reading
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