408 Shares in Meta Platforms, Inc. $META Acquired by Family Legacy Financial Solutions LLC

Key Points

• Family Legacy Financial Solutions LLC has initiated a new investment in Meta Platforms, buying 408 shares valued at approximately $301,000 during the 2nd quarter, as per their 13F filing with the SEC.
• Meta Platforms has received multiple upgrades from analysts, with key firms raising their price targets significantly; for instance, KeyCorp increased its target from $800.00 to $905.00.
• Insider trading activity has been notable, with CEO Mark Zuckerberg selling 15,847 shares worth about $11.9 million, reflecting active trading by company insiders in recent months.

Family Legacy Financial Solutions LLC purchased a new stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The fund purchased 408 shares of the social networking company's stock, valued at approximately $301,000.

Several other hedge funds have also added to or reduced their stakes in the business. Csenge Advisory Group raised its position in shares of Meta Platforms by 12.0% during the 1st quarter. Csenge Advisory Group now owns 9,539 shares of the social networking company's stock valued at $5,498,000 after purchasing an additional 1,019 shares during the period. ARQ Wealth Advisors LLC raised its holdings in Meta Platforms by 4.5% in the first quarter. ARQ Wealth Advisors LLC now owns 785 shares of the social networking company's stock worth $452,000 after purchasing an additional 34 shares in the last quarter. JMG Financial Group Ltd. purchased a new stake in Meta Platforms in the first quarter valued at about $284,000. Infusive Asset Management Inc. increased 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 purchasing an additional 2,285 shares in the last quarter. Finally, Aspire Growth Partners LLC raised its holdings in Meta Platforms by 7.3% in 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 during the last quarter. 79.91% of the stock is owned by institutional investors.

Meta Platforms Trading Down 0.2%

Shares of Meta Platforms stock traded down $1.87 during mid-day trading on Friday, hitting $778.38. 22,494,703 shares of the stock were exchanged, compared to its average volume of 9,828,774. The company has a 50-day simple moving average of $747.06 and a 200 day simple moving average of $666.27. The stock has a market capitalization of $1.96 trillion, a price-to-earnings ratio of 28.18, a price-to-earnings-growth ratio of 1.62 and a beta of 1.24. 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, Inc. has a twelve month low of $479.80 and a twelve month high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last released 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 firm had revenue of $47.52 billion during the quarter, compared to the consensus estimate of $44.55 billion. During the same quarter in the previous year, the company posted $5.16 earnings per share. The firm's revenue was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. Research analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current 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 dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Monday, September 22nd. Meta Platforms's dividend payout ratio is presently 7.60%.

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 dated Tuesday, August 5th. The stock was sold at an average price of $775.95, for a total value of $46,557,000.00. Following the completion of the sale, the insider owned 237,205 shares of the company's stock, valued at approximately $184,059,219.75. The trade was a 20.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Susan J. Li sold 18,332 shares of the company's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $764.71, for a total value of $14,018,663.72. Following the completion of the transaction, the chief financial officer directly owned 84,141 shares in the company, valued at $64,343,464.11. This trade represents a 17.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 257,922 shares of company stock worth $196,412,792. 13.61% of the stock is currently owned by insiders.

Analyst Ratings Changes

META has been the subject of several recent research reports. TD Cowen increased their price target on Meta Platforms from $800.00 to $875.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Royal Bank Of Canada increased their price objective on Meta Platforms from $740.00 to $840.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Scotiabank raised their price target on Meta Platforms from $675.00 to $685.00 and gave the company a "sector perform" rating in a report on Thursday, July 31st. Bank of America lifted their target price on Meta Platforms from $775.00 to $900.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Finally, BMO Capital Markets raised their target price on Meta Platforms from $610.00 to $710.00 and gave the company a "market perform" rating in a report on Thursday, July 31st. Three investment analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, Meta Platforms currently has an average rating of "Moderate Buy" and an average target price of $826.05.

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.