Clear Creek Financial Management LLC Boosts Position in Meta Platforms, Inc. $META

Key Points

• Clear Creek Financial Management LLC increased its holdings in Meta Platforms by 38.5% in Q2, owning 6,394 shares valued at nearly $4.72 million.
• Insiders sold a total of 213,717 shares worth approximately $164.6 million in the last three months, indicating a strategic movement among company executives.
• Meta Platforms reported a strong Q2 earnings performance, with $7.14 EPS and a revenue of $47.52 billion, surpassing analysts' expectations.

Clear Creek Financial Management LLC boosted its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 38.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,394 shares of the social networking company's stock after buying an additional 1,778 shares during the quarter. Clear Creek Financial Management LLC's holdings in Meta Platforms were worth $4,719,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. IMZ Advisory Inc raised its position in Meta Platforms by 22.2% during the 2nd quarter. IMZ Advisory Inc now owns 902 shares of the social networking company's stock worth $636,000 after buying an additional 164 shares during the last quarter. Narwhal Capital Management raised its position in Meta Platforms by 11.5% during the 2nd quarter. Narwhal Capital Management now owns 49,989 shares of the social networking company's stock worth $36,896,000 after buying an additional 5,144 shares during the last quarter. GGM Financials LLC purchased a new position in Meta Platforms during the 2nd quarter worth approximately $14,641,000. Ignite Planners LLC raised its position in Meta Platforms by 0.7% during the 2nd quarter. Ignite Planners LLC now owns 8,539 shares of the social networking company's stock worth $6,014,000 after buying an additional 61 shares during the last quarter. Finally, Valmark Advisers Inc. raised its position in Meta Platforms by 4.0% during the 2nd quarter. Valmark Advisers Inc. now owns 7,928 shares of the social networking company's stock worth $5,852,000 after buying an additional 305 shares during the last quarter. 79.91% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Meta Platforms news, insider Jennifer Newstead sold 519 shares of Meta Platforms stock in a transaction on Tuesday, October 14th. The shares were sold at an average price of $707.85, for a total transaction of $367,374.15. Following the sale, the insider owned 28,794 shares of the company's stock, valued at $20,381,832.90. The trade was a 1.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Javier Olivan sold 517 shares of Meta Platforms stock in a transaction on Monday, October 13th. The stock was sold at an average price of $713.34, for a total transaction of $368,796.78. Following the sale, the chief operating officer directly owned 8,992 shares in the company, valued at approximately $6,414,353.28. This trade represents a 5.44% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 213,717 shares of company stock worth $164,599,932 in the last three months. 13.61% of the stock is owned by corporate insiders.

Meta Platforms Price Performance

Meta Platforms stock opened at $712.07 on Friday. The company's fifty day moving average price is $747.80 and its 200 day moving average price is $682.13. Meta Platforms, Inc. has a 1 year low of $479.80 and a 1 year high of $796.25. The stock has a market capitalization of $1.79 trillion, a P/E ratio of 25.78, 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.

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 (EPS) for the quarter, beating 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 firm had revenue of $47.52 billion for the quarter, compared to analysts' expectations of $44.55 billion. During the same quarter last year, the company earned $5.16 EPS. The firm's revenue for the quarter was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, equities research 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 declared 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 of this dividend 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 currently 7.60%.

Analyst Ratings Changes

META has been the subject of a number of recent research reports. JPMorgan Chase & Co. raised their price target on shares of Meta Platforms from $795.00 to $875.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Monness Crespi & Hardt raised their price objective on shares of Meta Platforms from $780.00 to $860.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Loop Capital reaffirmed a "buy" rating and set a $980.00 price objective (up previously from $888.00) on shares of Meta Platforms in a research note on Tuesday, August 5th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $920.00 price objective on shares of Meta Platforms in a research note on Thursday. Finally, KeyCorp raised their price objective on shares of Meta Platforms from $800.00 to $905.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Four investment 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. Based on data from MarketBeat.com, Meta Platforms has a consensus rating of "Moderate Buy" and an average target price of $830.68.

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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