Financial Harvest LLC Makes New $544,000 Investment in Meta Platforms, Inc. $META

Key Points

• Financial Harvest LLC has made a new investment of $544,000 in Meta Platforms, acquiring 737 shares, which now represents 0.4% of its portfolio.
• Meta Platforms recently reported earnings of $7.14 per share, exceeding estimates and reflecting a 21.6% year-over-year revenue increase.
• Insiders have sold 243,610 shares of Meta stock valued at approximately $186 million in the past 90 days, indicating notable insider activity.

Financial Harvest LLC acquired a new stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 737 shares of the social networking company's stock, valued at approximately $544,000. Meta Platforms makes up approximately 0.4% of Financial Harvest LLC's portfolio, making the stock its 28th biggest holding.

Several other hedge funds have also recently modified their holdings of META. Brighton Jones LLC increased its holdings in shares of Meta Platforms by 1.7% during the fourth quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock valued at $20,230,000 after acquiring an additional 570 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of Meta Platforms by 10.2% during the fourth quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company's stock valued at $5,537,000 after acquiring an additional 875 shares in the last quarter. Jefferies Financial Group Inc. increased its holdings in shares of Meta Platforms by 6.9% during the fourth quarter. Jefferies Financial Group Inc. now owns 1,646 shares of the social networking company's stock valued at $964,000 after acquiring an additional 106 shares in the last quarter. Wood Tarver Financial Group LLC acquired a new position in shares of Meta Platforms during the fourth quarter valued at about $178,000. Finally, Copia Wealth Management acquired a new position in shares of Meta Platforms during the fourth quarter valued at about $108,000. Institutional investors and hedge funds own 79.91% of the company's stock.

Insider Transactions at Meta Platforms

In other news, COO Javier Olivan sold 517 shares of the stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $781.33, for a total transaction of $403,947.61. Following the transaction, the chief operating officer owned 10,543 shares in the company, valued at $8,237,562.19. This trade represents a 4.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robert M. Kimmitt sold 465 shares of the stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $757.47, for a total value of $352,223.55. Following the transaction, the director owned 8,412 shares in the company, valued at $6,371,837.64. This trade represents a 5.24% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 243,610 shares of company stock valued at $186,301,207 in the last 90 days. 13.61% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on META shares. Hsbc Global Res upgraded shares of Meta Platforms from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 31st. JPMorgan Chase & Co. upped their target price on Meta Platforms from $795.00 to $875.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Robert W. Baird upped their target price on Meta Platforms from $635.00 to $740.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. Monness Crespi & Hardt upped their target price on Meta Platforms from $780.00 to $860.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Finally, UBS Group upped their target price on Meta Platforms from $812.00 to $897.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Three equities research 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. According to data from MarketBeat.com, Meta Platforms currently has an average rating of "Moderate Buy" and an average target price of $826.05.

Meta Platforms Price Performance

Shares of NASDAQ META opened at $760.66 on Thursday. The stock has a market capitalization of $1.91 trillion, a price-to-earnings ratio of 27.54, a PEG ratio of 1.58 and a beta of 1.24. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25. The firm's 50 day simple moving average is $750.00 and its 200-day simple moving average is $668.49. 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 EPS for the quarter, topping analysts' consensus estimates of $5.75 by $1.39. The business had revenue of $47.52 billion for the quarter, compared to analysts' expectations of $44.55 billion. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The business's revenue was up 21.6% on a year-over-year basis. During the same quarter last year, the company earned $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. Analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Stockholders 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 dividend payout ratio (DPR) 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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