Avity Investment Management Inc. Has $67.34 Million Stock Holdings in Meta Platforms, Inc. $META

Key Points

• Avity Investment Management Inc. holds $67.34 million in Meta Platforms, Inc. stock, which constitutes about 5.0% of its portfolio after reducing its holdings by 2.4% in the second quarter.
• Institutional investors own 79.91% of Meta's stock, with several firms recently increasing their positions, reflecting ongoing confidence in the company's prospects.
• Equities analysts have raised their price targets for Meta, with estimates reaching as high as $900 and a consensus rating of "Moderate Buy."

Avity Investment Management Inc. lessened its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 2.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 91,228 shares of the social networking company's stock after selling 2,272 shares during the quarter. Meta Platforms comprises approximately 5.0% of Avity Investment Management Inc.'s portfolio, making the stock its biggest holding. Avity Investment Management Inc.'s holdings in Meta Platforms were worth $67,335,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Inlight Wealth Management LLC bought a new position in Meta Platforms during the first quarter worth about $25,000. Barnes Dennig Private Wealth Management LLC bought a new position in Meta Platforms during the first quarter worth about $28,000. MJT & Associates Financial Advisory Group Inc. bought a new position in Meta Platforms during the first quarter worth about $33,000. JCIC Asset Management Inc. boosted its position 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 worth $46,000 after purchasing an additional 40 shares during the period. Finally, Principia Wealth Advisory LLC boosted its position in Meta Platforms by 53.6% during the first quarter. Principia Wealth Advisory LLC now owns 86 shares of the social networking company's stock worth $50,000 after purchasing an additional 30 shares during the period. Institutional investors own 79.91% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Raymond James Financial increased their target price on shares of Meta Platforms from $750.00 to $900.00 and gave the stock a "strong-buy" rating in a research report on Thursday, July 31st. Citizens Jmp increased their price target on shares of Meta Platforms from $750.00 to $900.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. UBS Group increased their price target on shares of Meta Platforms from $812.00 to $897.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Robert W. Baird increased their price target on shares of Meta Platforms from $635.00 to $740.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. Finally, TD Cowen increased their price target on shares of Meta Platforms from $800.00 to $875.00 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 given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Meta Platforms presently has a consensus rating of "Moderate Buy" and an average target price of $822.41.

Insiders Place Their Bets

In other Meta Platforms news, CFO Susan J. Li sold 18,332 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the chief financial officer owned 84,141 shares of the company's stock, valued at $64,343,464.11. The trade was a 17.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Christopher K. Cox sold 60,000 shares of Meta Platforms stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $775.95, for a total transaction of $46,557,000.00. Following the transaction, the insider directly owned 237,205 shares in the company, valued at $184,059,219.75. This trade represents a 20.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 259,674 shares of company stock valued at $197,549,274 in the last quarter. Corporate insiders own 13.61% of the company's stock.

Meta Platforms Price Performance

META stock opened at $764.70 on Tuesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.97 and a quick ratio of 1.97. Meta Platforms, Inc. has a one year low of $479.80 and a one year high of $796.25. The stock has a market cap of $1.92 trillion, a PE ratio of 27.69, a P/E/G ratio of 1.56 and a beta of 1.24. The firm has a 50 day simple moving average of $742.75 and a two-hundred day simple moving average of $662.53.

Meta Platforms (NASDAQ:META - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 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 business had revenue of $47.52 billion during the quarter, compared to analysts' expectations of $44.55 billion. During the same quarter in the previous year, the company earned $5.16 EPS. The business's quarterly revenue was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. On average, analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 22nd will be 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 of this dividend is Monday, September 22nd. Meta Platforms's payout ratio is currently 7.60%.

Meta Platforms 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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