Family Investment Center Inc. Takes Position in Meta Platforms, Inc. $META

Key Points

• Family Investment Center Inc. acquired 814 shares of Meta Platforms, Inc., with a total value of approximately $601,000, during the second quarter, reflecting increased institutional interest in the company.
• Research firms have raised their target prices for Meta, with Loop Capital setting it at $980.00, indicating confidence in the company's stock performance.
• Meta Platforms announced a quarterly dividend of $0.525 per share, which will be paid to stockholders of record, representing an annualized dividend yield of 0.3%.

Family Investment Center Inc. acquired a new stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 814 shares of the social networking company's stock, valued at approximately $601,000.

Other institutional investors also recently made changes to their positions in the company. Csenge Advisory Group raised its stake in shares of Meta Platforms by 12.0% in the 1st quarter. Csenge Advisory Group now owns 9,539 shares of the social networking company's stock valued at $5,498,000 after acquiring an additional 1,019 shares during the period. ARQ Wealth Advisors LLC lifted its holdings in shares of Meta Platforms by 4.5% during the 1st quarter. ARQ Wealth Advisors LLC now owns 785 shares of the social networking company's stock valued at $452,000 after acquiring an additional 34 shares in the last quarter. JMG Financial Group Ltd. acquired a new position in shares of Meta Platforms during the 1st quarter valued at $284,000. Infusive Asset Management Inc. lifted its holdings in shares of Meta Platforms by 10.7% during the 1st quarter. Infusive Asset Management Inc. now owns 23,620 shares of the social networking company's stock valued at $13,614,000 after acquiring an additional 2,285 shares in the last quarter. Finally, Aspire Growth Partners LLC lifted its holdings in shares of Meta Platforms by 7.3% during the 1st quarter. Aspire Growth Partners LLC now owns 662 shares of the social networking company's stock valued at $395,000 after acquiring an additional 45 shares in the last quarter. 79.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on META. Loop Capital restated a "buy" rating and set a $980.00 target price (up previously from $888.00) on shares of Meta Platforms in a report on Tuesday, August 5th. Royal Bank Of Canada lifted their target price on shares of Meta Platforms from $740.00 to $840.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Cantor Fitzgerald reissued an "overweight" rating and set a $920.00 target price on shares of Meta Platforms in a research report on Wednesday, September 17th. Citizens Jmp boosted their target price on shares of Meta Platforms from $750.00 to $900.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Finally, Barclays lifted their price target on shares of Meta Platforms from $640.00 to $810.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $826.05.

Insider Transactions at Meta Platforms

In other news, insider Jennifer Newstead sold 519 shares of the business's stock in a transaction dated 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 sale, the insider owned 30,351 shares of the company's stock, valued at approximately $23,345,989.20. The trade was a 1.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert M. Kimmitt sold 465 shares of the business's stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $757.47, for a total transaction of $352,223.55. Following the completion of the sale, the director directly owned 8,412 shares of the company's stock, valued at $6,371,837.64. The trade was a 5.24% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 230,336 shares of company stock valued at $176,625,049. Insiders own 13.61% of the company's stock.

Meta Platforms Stock Performance

Meta Platforms stock opened at $743.75 on Friday. The stock has a 50 day moving average of $751.74 and a 200-day moving average of $670.49. The stock has a market cap of $1.87 trillion, a P/E ratio of 26.93, a price-to-earnings-growth ratio of 1.56 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 current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15.

Meta Platforms (NASDAQ:META - Get Free Report) last released its earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share for the quarter, topping the consensus estimate of $5.75 by $1.39. The company had revenue of $47.52 billion during the quarter, compared to the consensus estimate of $44.55 billion. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The company's revenue was up 21.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. On average, analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 22nd will be given a $0.525 dividend. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. Meta Platforms's payout ratio is presently 7.60%.

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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