Grant Private Wealth Management Inc Has $7.43 Million Stock Position in Meta Platforms, Inc. $META

Key Points

• Grant Private Wealth Management Inc increased its stake in Meta Platforms, Inc. by 33.3%, now holding 10,069 shares valued at approximately $7.43 million, making it the firm's second-largest investment.
• Meta reported a record EPS of $7.14 for the most recent quarter, exceeding analyst expectations, with revenue also up 21.6% year-over-year to $47.52 billion.
• The company recently announced a quarterly dividend of $0.525 per share, providing a 0.3% yield, with an ex-dividend date set for September 22nd.

Grant Private Wealth Management Inc lifted its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 33.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,069 shares of the social networking company's stock after acquiring an additional 2,513 shares during the quarter. Meta Platforms accounts for approximately 4.2% of Grant Private Wealth Management Inc's investment portfolio, making the stock its 2nd largest holding. Grant Private Wealth Management Inc's holdings in Meta Platforms were worth $7,432,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in META. Kingstone Capital Partners Texas LLC raised its holdings in shares of Meta Platforms by 608,429.2% in the second quarter. Kingstone Capital Partners Texas LLC now owns 59,775,823 shares of the social networking company's stock valued at $44,119,937,000 after acquiring an additional 59,766,000 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Meta Platforms by 67,172.9% in the first quarter. GAMMA Investing LLC now owns 23,452,665 shares of the social networking company's stock valued at $13,517,178,000 after acquiring an additional 23,417,803 shares in the last quarter. Nuveen LLC bought a new stake in shares of Meta Platforms in the first quarter valued at about $2,990,544,000. Assenagon Asset Management S.A. grew its stake in Meta Platforms by 712.2% in the first quarter. Assenagon Asset Management S.A. now owns 2,537,631 shares of the social networking company's stock valued at $1,462,589,000 after purchasing an additional 2,225,186 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Meta Platforms in the fourth quarter valued at about $1,162,918,000. 79.91% of the stock is currently owned by institutional investors.

Meta Platforms Trading Down 1.7%

Shares of NASDAQ:META opened at $765.16 on Tuesday. Meta Platforms, Inc. has a 12-month low of $479.80 and a 12-month high of $796.25. The company has a market capitalization of $1.92 trillion, a PE ratio of 27.70, a PEG ratio of 1.62 and a beta of 1.24. The business has a 50 day moving average of $747.94 and a two-hundred day moving average of $667.24. 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 (NASDAQ:META - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.75 by $1.39. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The company had revenue of $47.52 billion during the quarter, compared to the consensus estimate of $44.55 billion. During the same period in the previous year, the company posted $5.16 earnings per share. Meta Platforms's revenue for the quarter was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Announces Dividend

The firm also recently announced 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. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, September 22nd. Meta Platforms's dividend payout ratio is presently 7.60%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on META shares. Scotiabank lifted their target price on Meta Platforms from $675.00 to $685.00 and gave the company a "sector perform" rating in a research note on Thursday, July 31st. JMP Securities lifted their target price on Meta Platforms from $750.00 to $900.00 and gave the company a "market outperform" rating in a research note on Thursday, July 31st. Benchmark lifted their target price on Meta Platforms from $800.00 to $890.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Cantor Fitzgerald reiterated an "overweight" rating and issued a $920.00 target price on shares of Meta Platforms in a research note on Wednesday, September 17th. Finally, Oppenheimer lifted their target price on Meta Platforms from $775.00 to $870.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Three 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 MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $826.05.

Insider Transactions at Meta Platforms

In other news, CEO Mark Zuckerberg sold 15,847 shares of the company's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $753.43, for a total transaction of $11,939,605.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Susan J. Li sold 18,332 shares of the company's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $764.71, for a total value 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. The trade was a 17.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 256,886 shares of company stock valued at $195,693,600 in the last three months. 13.61% of the stock is currently owned by company 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.

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.