Corepath Wealth Partners LLC Takes Position in Meta Platforms, Inc. $META

Corepath Wealth Partners LLC acquired a new position in Meta Platforms, Inc. (NASDAQ:META - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 397 shares of the social networking company's stock, valued at approximately $285,000. Meta Platforms accounts for approximately 0.2% of Corepath Wealth Partners LLC's investment portfolio, making the stock its 28th biggest holding.

Several other large investors have also recently bought and sold shares of the stock. Inlight Wealth Management LLC bought a new position in Meta Platforms during the 1st quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC bought a new position in Meta Platforms during the first quarter valued at about $28,000. MJT & Associates Financial Advisory Group Inc. bought a new position in Meta Platforms during the first quarter valued at about $33,000. JCIC Asset Management Inc. grew its holdings 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 acquiring an additional 40 shares during the period. Finally, Principia Wealth Advisory LLC raised its position in Meta Platforms by 53.6% in the first quarter. Principia Wealth Advisory LLC now owns 86 shares of the social networking company's stock worth $50,000 after acquiring an additional 30 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company's stock.

Meta Platforms Price Performance

NASDAQ META opened at $764.70 on Tuesday. Meta Platforms, Inc. has a fifty-two week low of $479.80 and a fifty-two week high of $796.25. The stock's 50-day moving average is $742.75 and its two-hundred day moving average is $662.53. The firm has a market cap of $1.92 trillion, a P/E ratio of 27.69, a price-to-earnings-growth ratio of 1.56 and a beta of 1.24. 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 (NASDAQ:META - Get Free Report) last issued its quarterly earnings data 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. 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 period last year, the business earned $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. On average, analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 22nd will be issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, September 22nd. Meta Platforms's dividend payout ratio is currently 7.60%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on META shares. JMP Securities raised their price objective on shares of Meta Platforms from $750.00 to $900.00 and gave the company a "market outperform" rating in a research report on Thursday, July 31st. Morgan Stanley raised their target price on shares of Meta Platforms from $750.00 to $850.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Pivotal Research upped their price target on Meta Platforms from $830.00 to $930.00 and gave the company a "buy" rating in a report on Thursday, July 31st. KeyCorp boosted their price objective on Meta Platforms from $800.00 to $905.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Finally, Royal Bank Of Canada increased their target price on Meta Platforms from $740.00 to $840.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $822.41.

Insider Activity

In other news, COO Javier Olivan sold 517 shares of the firm's stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $755.65, for a total value of $390,671.05. Following the sale, the chief operating officer directly owned 11,577 shares of the company's stock, valued at approximately $8,748,160.05. This trade represents a 4.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Susan J. Li sold 18,332 shares of the business's stock in a transaction dated Monday, August 18th. The stock was 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 $64,343,464.11. This represents a 17.89% decrease in their position. 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. 13.61% of the stock is currently owned by corporate insiders.

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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