Meta Platforms, Inc. $META Shares Purchased by DLK Investment Management LLC

Key Points

• DLK Investment Management LLC significantly increased its stake in Meta Platforms by purchasing an additional 6,271 shares, bringing its total holdings to 8,125 shares valued at approximately $5.997 million.
• In the second quarter, major investors showed strong interest in Meta, with multiple firms, including Pines Wealth Management LLC and Sapient Capital LLC, increasing their positions in the company.
• Meta has announced a quarterly dividend of $0.525 per share, to be paid at the end of September, reflecting a 0.3% yield with a modest payout ratio of 7.60%.

DLK Investment Management LLC grew its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 338.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,125 shares of the social networking company's stock after buying an additional 6,271 shares during the period. Meta Platforms accounts for 2.3% of DLK Investment Management LLC's holdings, making the stock its 16th biggest position. DLK Investment Management LLC's holdings in Meta Platforms were worth $5,997,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. ABLE Financial Group LLC increased its holdings in Meta Platforms by 0.7% in the 4th quarter. ABLE Financial Group LLC now owns 2,136 shares of the social networking company's stock worth $1,251,000 after buying an additional 15 shares during the period. Cedar Point Capital Partners LLC increased its stake in shares of Meta Platforms by 2.2% in the first quarter. Cedar Point Capital Partners LLC now owns 752 shares of the social networking company's stock worth $433,000 after acquiring an additional 16 shares during the period. IAM Advisory LLC raised its holdings in shares of Meta Platforms by 0.9% during the second quarter. IAM Advisory LLC now owns 1,844 shares of the social networking company's stock worth $1,361,000 after purchasing an additional 16 shares during the last quarter. Mosaic Family Wealth Partners LLC lifted its position in Meta Platforms by 1.2% during the fourth quarter. Mosaic Family Wealth Partners LLC now owns 1,435 shares of the social networking company's stock valued at $840,000 after purchasing an additional 17 shares during the period. Finally, Orin Green Financial LLC boosted its holdings in Meta Platforms by 2.2% in the fourth quarter. Orin Green Financial LLC now owns 795 shares of the social networking company's stock valued at $465,000 after purchasing an additional 17 shares during the last quarter. 79.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on META. Monness Crespi & Hardt raised their target price on Meta Platforms from $780.00 to $860.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Hsbc Global Res upgraded Meta Platforms from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 31st. Morgan Stanley raised their price objective on Meta Platforms from $750.00 to $850.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Raymond James Financial upped their target price on Meta Platforms from $750.00 to $900.00 and gave the stock a "strong-buy" rating in a research note on Thursday, July 31st. Finally, Truist Financial set a $880.00 price target on shares of Meta Platforms in a research note on Thursday. Three research 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. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $826.05.

Insider Buying and Selling at Meta Platforms

In other news, insider Christopher K. Cox sold 60,000 shares of the business's 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 sale, the insider owned 237,205 shares of the company's stock, valued at $184,059,219.75. The trade was a 20.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mark Zuckerberg sold 15,847 shares of Meta Platforms stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $753.43, for a total transaction of $11,939,605.21. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 257,405 shares of company stock worth $196,059,438. 13.61% of the stock is currently owned by insiders.

Meta Platforms Trading Down 1.7%

NASDAQ:META traded down $13.22 on Monday, reaching $765.16. 11,659,363 shares of the company's stock were exchanged, compared to its average volume of 9,828,774. The firm has a market capitalization of $1.92 trillion, a price-to-earnings ratio of 27.70, a price-to-earnings-growth ratio of 1.62 and a beta of 1.24. Meta Platforms, Inc. has a 52-week low of $479.80 and a 52-week high of $796.25. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.15. The business has a fifty day moving average of $747.94 and a 200-day moving average of $667.24.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $47.52 billion during 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 business's revenue for the quarter was up 21.6% on a year-over-year basis. During the same period in the previous year, the company posted $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. Meta Platforms's dividend payout ratio (DPR) is currently 7.60%.

Meta Platforms Company 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.