CGN Advisors LLC Has $7.10 Million Stock Holdings in Meta Platforms, Inc. $META

Key Points

• CGN Advisors LLC increased its stake in Meta Platforms, Inc. by 3.9%, bringing their total holdings to approximately $7.10 million as of the latest SEC filing.
• Meta's recent quarterly earnings surpassed expectations, reporting $7.14 earnings per share and revenues of $47.52 billion for the quarter, marking a 21.6% year-over-year increase.
• Meta Platforms declared a quarterly dividend of $0.525 per share, with a yield of 0.3% and an upcoming ex-dividend date on September 22.

CGN Advisors LLC lifted its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 3.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 9,615 shares of the social networking company's stock after purchasing an additional 362 shares during the quarter. CGN Advisors LLC's holdings in Meta Platforms were worth $7,097,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of META. Inlight Wealth Management LLC bought a new stake in Meta Platforms in the 1st quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC bought a new stake in Meta Platforms in the 1st quarter valued at approximately $28,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in Meta Platforms in the 1st quarter valued at approximately $33,000. JCIC Asset Management Inc. lifted its stake in Meta Platforms by 102.6% in the 1st quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company's stock valued at $46,000 after acquiring an additional 40 shares in the last quarter. Finally, Principia Wealth Advisory LLC lifted its stake in Meta Platforms by 53.6% in the 1st quarter. Principia Wealth Advisory LLC now owns 86 shares of the social networking company's stock valued at $50,000 after acquiring an additional 30 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Meta Platforms Stock Down 0.7%

META opened at $743.75 on Friday. Meta Platforms, Inc. has a 1-year low of $479.80 and a 1-year high of $796.25. The stock's fifty day simple moving average is $751.74 and its 200 day simple moving average is $670.49. 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 stock has a market cap of $1.87 trillion, a PE ratio of 26.93, a price-to-earnings-growth ratio of 1.56 and a beta of 1.24.

Meta Platforms (NASDAQ:META - Get Free Report) last posted 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. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The business had revenue of $47.52 billion for the quarter, compared to analysts' expectations of $44.55 billion. During the same quarter in the prior year, the business earned $5.16 EPS. The firm's revenue for the quarter was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, research analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Investors 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 is Monday, September 22nd. Meta Platforms's dividend payout ratio is 7.60%.

Insider Activity at Meta Platforms

In other Meta Platforms news, Director Robert M. Kimmitt sold 465 shares of the company's stock in a transaction 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 transaction, the director directly owned 8,412 shares of the company's stock, valued at $6,371,837.64. This represents a 5.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Jennifer Newstead sold 519 shares of the company's stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $769.20, for a total value of $399,214.80. Following the completion of the transaction, the insider directly owned 30,351 shares in the company, valued at approximately $23,345,989.20. This represents a 1.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 230,336 shares of company stock worth $176,625,049. Company insiders own 13.61% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Citizens Jmp boosted their target price on Meta Platforms from $750.00 to $900.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. KeyCorp upped their price objective on Meta Platforms from $800.00 to $905.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Scotiabank upped their price objective on Meta Platforms from $675.00 to $685.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 31st. Stifel Nicolaus upped their price objective on Meta Platforms from $845.00 to $900.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Finally, Guggenheim reiterated a "buy" rating and set a $800.00 price objective (up previously from $725.00) on shares of Meta Platforms in a research note on Monday, July 28th. Three analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Meta Platforms presently has an average rating of "Moderate Buy" and a consensus target price of $826.05.

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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