Gilman Hill Asset Management LLC Buys 676 Shares of Meta Platforms, Inc. $META

Key Points

• Gilman Hill Asset Management LLC increased its stake in Meta Platforms by 7.4%, acquiring an additional 676 shares, bringing their total to 9,800 shares valued at approximately $7.23 million.
• Several hedge funds have significantly raised their positions in Meta, with GAMMA Investing LLC increasing its stake by over 67,000% to own 23.45 million shares, valued at $13.52 billion.
• Analysts have set new price targets for Meta shares, with ratings such as "buy" and "outperform" from various firms, including DA Davidson raising its target from $650 to $825.

Gilman Hill Asset Management LLC grew its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 7.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,800 shares of the social networking company's stock after acquiring an additional 676 shares during the quarter. Meta Platforms comprises about 1.2% of Gilman Hill Asset Management LLC's portfolio, making the stock its 25th biggest position. Gilman Hill Asset Management LLC's holdings in Meta Platforms were worth $7,233,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Inlight Wealth Management LLC purchased a new position in shares of Meta Platforms in the 1st quarter valued at about $25,000. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Meta Platforms in the 1st quarter valued at about $28,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Meta Platforms in the 1st quarter valued at about $33,000. JCIC Asset Management Inc. increased its stake in shares of Meta Platforms by 102.6% in 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 in the last quarter. Finally, Principia Wealth Advisory LLC increased its stake in Meta Platforms by 53.6% during the 1st quarter. Principia Wealth Advisory LLC now owns 86 shares of the social networking company's stock worth $50,000 after buying an additional 30 shares in the last quarter. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Jennifer Newstead sold 519 shares of the company's stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $767.16, for a total transaction of $398,156.04. Following the completion of the sale, the insider directly owned 30,870 shares of the company's stock, valued at approximately $23,682,229.20. This represents a 1.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert M. Kimmitt sold 465 shares of the business's stock in a transaction on 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 transaction, the director owned 8,412 shares in the company, valued at $6,371,837.64. This represents a 5.24% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 257,922 shares of company stock valued at $196,412,792. Company insiders own 13.61% of the company's stock.

Meta Platforms Stock Performance

Shares of META 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 9,174,566. The stock's fifty day simple moving average is $747.06 and its two-hundred day simple moving average is $665.93. The stock has a market capitalization of $1.96 trillion, a price-to-earnings ratio of 28.18, a P/E/G ratio of 1.63 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 company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.97.

Meta Platforms (NASDAQ:META - Get Free Report) last announced 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. 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 the consensus estimate of $44.55 billion. During the same quarter in the prior year, the firm earned $5.16 earnings per share. The business's quarterly revenue was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. On average, analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Citizens Jmp boosted their price objective on Meta Platforms from $750.00 to $900.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Truist Financial set a $880.00 price objective on Meta Platforms in a research note on Thursday. Royal Bank Of Canada upped their price target on Meta Platforms from $740.00 to $840.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Cantor Fitzgerald reiterated an "overweight" rating and issued a $920.00 price objective on shares of Meta Platforms in a research note on Wednesday. Finally, Pivotal Research increased their price objective on Meta Platforms from $830.00 to $930.00 and gave the company a "buy" rating in a research note 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target 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.