GM Advisory Group LLC Purchases 392 Shares of Meta Platforms, Inc. $META

Key Points

• GM Advisory Group LLC increased its stake in Meta Platforms by 2.6% during Q1, acquiring an additional 392 shares, bringing their total holdings to 15,307 shares valued at approximately $8.82 million.
• Meta reported a quarterly earnings per share (EPS) of $7.14, surpassing analysts' expectations of $5.75, and achieved revenues of $47.52 billion, up 21.6% year-over-year.
• Insiders, including CEO Mark Zuckerberg, sold significant shares recently, with total insider sales exceeding $235 million in the last three months, indicating potential shifts in ownership dynamics.

GM Advisory Group LLC lifted its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 2.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,307 shares of the social networking company's stock after buying an additional 392 shares during the period. GM Advisory Group LLC's holdings in Meta Platforms were worth $8,822,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Valley Financial Group Inc. increased its stake in Meta Platforms by 2.4% in the 4th quarter. Valley Financial Group Inc. now owns 588 shares of the social networking company's stock worth $344,000 after buying an additional 14 shares during the period. Lantern Wealth Advisors LLC increased its position in Meta Platforms by 0.5% during the 4th quarter. Lantern Wealth Advisors LLC now owns 2,976 shares of the social networking company's stock valued at $1,743,000 after purchasing an additional 14 shares during the period. ABLE Financial Group LLC grew its position in shares of Meta Platforms by 0.7% in the 4th quarter. ABLE Financial Group LLC now owns 2,136 shares of the social networking company's stock worth $1,251,000 after buying an additional 15 shares during the last quarter. Mosaic Family Wealth Partners LLC grew its position in shares of Meta Platforms by 1.2% in the 4th quarter. Mosaic Family Wealth Partners LLC now owns 1,435 shares of the social networking company's stock worth $840,000 after buying an additional 17 shares during the last quarter. Finally, Orin Green Financial LLC grew its position in shares of Meta Platforms by 2.2% in the 4th quarter. Orin Green Financial LLC now owns 795 shares of the social networking company's stock worth $465,000 after buying an additional 17 shares during the last quarter. Institutional investors own 79.91% of the company's stock.

Meta Platforms Stock Performance

Shares of NASDAQ META opened at $739.10 on Friday. 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 12 month low of $479.80 and a 12 month high of $796.25. The company has a 50 day simple moving average of $728.87 and a two-hundred day simple moving average of $657.34. The stock has a market cap of $1.86 trillion, a price-to-earnings ratio of 26.76, a PEG ratio of 1.55 and a beta of 1.27.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, beating 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 analysts' expectations of $44.55 billion. During the same period in the previous year, the business posted $5.16 EPS. 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. As a group, analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Monday, June 16th were issued 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 of this dividend was Monday, June 16th. Meta Platforms's payout ratio is 7.60%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on META. Benchmark lifted their target price on shares of Meta Platforms from $800.00 to $890.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Guggenheim reiterated a "buy" rating and issued a $800.00 target price (up from $725.00) on shares of Meta Platforms in a research note on Monday, July 28th. KeyCorp lifted their target price on shares of Meta Platforms from $800.00 to $905.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Scotiabank lifted their target price on shares of Meta Platforms from $675.00 to $685.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 31st. Finally, Cantor Fitzgerald reiterated an "overweight" rating and issued a $920.00 target price on shares of Meta Platforms in a research note on Wednesday, August 13th. Three investment 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's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $822.41.

Insider Activity

In other news, CEO Mark Zuckerberg sold 15,847 shares of Meta Platforms stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $753.43, for a total transaction of $11,939,605.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Susan J. Li sold 18,332 shares of Meta Platforms stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $764.71, for a total transaction of $14,018,663.72. Following the transaction, the chief financial officer directly owned 84,141 shares of the company's stock, valued at approximately $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. Insiders sold a total of 313,803 shares of company stock valued at $235,276,424 in the last three months. 13.61% of the stock is currently owned by corporate insiders.

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.

Want to see what other hedge funds are holding META? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Meta Platforms, Inc. (NASDAQ:META - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.