Bruce G. Allen Investments LLC Acquires 361 Shares of Meta Platforms, Inc. $META

Key Points

• Bruce G. Allen Investments LLC increased its holdings in Meta Platforms, Inc. by 221.5% during the 2nd quarter, bringing their total value to $387,000.
• Meta Platforms recently disclosed a quarterly dividend of $0.525 per share, with a yield of 0.3% and a dividend payout ratio of 7.60%.
• Analysts have given Meta Platforms a consensus target price of $826.05, with three analysts rating it a Strong Buy and 39 rating it a Buy.

Bruce G. Allen Investments LLC increased its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 221.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 524 shares of the social networking company's stock after buying an additional 361 shares during the quarter. Bruce G. Allen Investments LLC's holdings in Meta Platforms were worth $387,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of META. Inlight Wealth Management LLC bought a new stake in shares of Meta Platforms in the 1st quarter worth approximately $25,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in Meta Platforms during the first quarter valued at $28,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Meta Platforms in the first quarter worth about $33,000. JCIC Asset Management Inc. lifted its position in shares of Meta Platforms by 102.6% in the first 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 last quarter. Finally, Principia Wealth Advisory LLC lifted its position in shares of Meta Platforms by 53.6% during the 1st 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 last quarter. Institutional investors and hedge funds own 79.91% of the company's stock.

Meta Platforms Trading Down 0.2%

Shares of NASDAQ:META traded down $1.87 during midday trading on Friday, hitting $778.38. The company had a trading volume of 22,494,703 shares, compared to its average volume of 9,174,566. The stock has a market cap of $1.96 trillion, a price-to-earnings ratio of 28.18, a PEG ratio of 1.63 and a beta of 1.24. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25. 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 firm has a fifty day simple moving average of $747.06 and a 200 day simple moving average of $665.93.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, topping the consensus estimate of $5.75 by $1.39. The business had revenue of $47.52 billion for 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 firm's revenue was up 21.6% compared to the same quarter last year. During the same quarter last year, the business posted $5.16 EPS. 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 year.

Meta Platforms Dividend Announcement

The company also recently announced 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. The ex-dividend date is Monday, September 22nd. This represents a $2.10 annualized dividend and a yield of 0.3%. Meta Platforms's payout ratio is presently 7.60%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on META. Needham & Company LLC raised Meta Platforms from an "underperform" rating to a "hold" rating in a research report on Thursday, July 3rd. JPMorgan Chase & Co. upped their price target on Meta Platforms from $795.00 to $875.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Hsbc Global Res raised Meta Platforms from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 31st. Raymond James Financial upped their price target on Meta Platforms from $750.00 to $900.00 and gave the company a "strong-buy" rating in a report on Thursday, July 31st. Finally, UBS Group upped their price target on Meta Platforms from $812.00 to $897.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Three analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $826.05.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, Director Robert M. Kimmitt sold 465 shares of the business's stock in a transaction that occurred on 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. The trade was a 5.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Javier Olivan sold 517 shares of the business's 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 $391,611.99. Following the completion of the sale, the chief operating officer owned 11,060 shares in the company, valued at $8,377,618.20. The trade was a 4.47% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 257,922 shares of company stock worth $196,412,792. Corporate insiders own 13.61% of the company's stock.

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.