Eaton Financial Holdings Company LLC Purchases 8,707 Shares of Meta Platforms, Inc. $META

Key Points

• Eaton Financial Holdings Company LLC significantly increased its stake in Meta Platforms, Inc. by 251.2%, purchasing an additional 8,707 shares, bringing its total holdings to 12,173 shares valued at $8.98 million.
• Recent insider sales include CTO Andrew Bosworth selling 11,694 shares for approximately $9.06 million and insider Christopher K. Cox selling 60,000 shares valued at around $46.56 million.
• Meta Platforms declared a quarterly dividend of $0.525 per share, with an annualized yield of 0.3%, as it continues to show robust performance with a recent earnings report exceeding expectations.

Eaton Financial Holdings Company LLC increased its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 251.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,173 shares of the social networking company's stock after purchasing an additional 8,707 shares during the period. Meta Platforms accounts for 2.8% of Eaton Financial Holdings Company LLC's portfolio, making the stock its 12th largest holding. Eaton Financial Holdings Company LLC's holdings in Meta Platforms were worth $8,985,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Inlight Wealth Management LLC bought a new stake in shares of Meta Platforms during the 1st quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Meta Platforms during the 1st quarter valued at $28,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Meta Platforms during the 1st quarter valued at $33,000. JCIC Asset Management Inc. raised its position in shares of Meta Platforms by 102.6% during the 1st quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company's stock valued at $46,000 after purchasing an additional 40 shares during the period. Finally, Piscataqua Savings Bank increased its holdings in Meta Platforms by 433.3% in the 2nd quarter. Piscataqua Savings Bank now owns 80 shares of the social networking company's stock valued at $59,000 after acquiring an additional 65 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CTO Andrew Bosworth sold 11,694 shares of Meta Platforms stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $775.00, for a total transaction of $9,062,850.00. Following the completion of the transaction, the chief technology officer directly owned 1,799 shares of the company's stock, valued at approximately $1,394,225. The trade was a 86.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christopher K. Cox sold 60,000 shares of Meta Platforms stock in a transaction dated 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 transaction, the insider directly owned 237,205 shares of the company's stock, valued at approximately $184,059,219.75. This represents a 20.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 230,336 shares of company stock valued at $176,625,049 in the last quarter. 13.61% of the stock is currently owned by company insiders.

Meta Platforms Stock Performance

Shares of NASDAQ:META opened at $743.75 on Friday. Meta Platforms, Inc. has a 52 week low of $479.80 and a 52 week high of $796.25. The stock has a market capitalization of $1.87 trillion, a P/E ratio of 26.93, a PEG ratio of 1.56 and a beta of 1.24. The firm has a fifty day simple moving average of $751.74 and a two-hundred day simple moving average of $670.49. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.15.

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 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 business had revenue of $47.52 billion during the quarter, compared to analysts' expectations of $44.55 billion. During the same period last year, the company posted $5.16 EPS. The business's revenue was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. On average, analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The company 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 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 payout ratio is currently 7.60%.

Wall Street Analyst Weigh In

META has been the topic of a number of research reports. Morgan Stanley lifted their price target on shares of Meta Platforms from $750.00 to $850.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Needham & Company LLC upgraded shares of Meta Platforms from an "underperform" rating to a "hold" rating in a report on Thursday, July 3rd. Citigroup reiterated an "outperform" rating on shares of Meta Platforms in a report on Thursday, July 31st. Citizens Jmp lifted their price target on shares of Meta Platforms from $750.00 to $900.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Finally, Roth Capital lifted their price target on shares of Meta Platforms from $620.00 to $740.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Three 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.com, the company has an average rating of "Moderate Buy" and an average target price of $826.05.

About Meta Platforms

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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