563 Shares in Meta Platforms, Inc. $META Acquired by Graves Light Lenhart Wealth Inc.

Key Points

• Graves Light Lenhart Wealth Inc. has acquired a new stake in Meta Platforms, Inc., investing approximately $416,000 in 563 shares during the second quarter.
• Meta Platforms reported impressive quarterly earnings, with an EPS of $7.14, exceeding estimates of $5.75 and showing a 21.6% year-over-year revenue increase.
• The company announced a quarterly dividend of $0.525 per share, to be paid on September 29th, representing an annualized yield of 0.3%.

Graves Light Lenhart Wealth Inc. purchased a new position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 563 shares of the social networking company's stock, valued at approximately $416,000.

A number of other hedge funds have also bought and sold shares of the business. Inlight Wealth Management LLC bought a new stake in shares of Meta Platforms during the 1st quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Meta Platforms during the 1st quarter valued at $28,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Meta Platforms during the 1st quarter valued at $33,000. JCIC Asset Management Inc. raised its stake in shares of Meta Platforms by 102.6% during 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 during the period. Finally, Principia Wealth Advisory LLC raised its stake in shares of Meta Platforms by 53.6% during the 1st quarter. Principia Wealth Advisory LLC now owns 86 shares of the social networking company's stock valued at $50,000 after purchasing an additional 30 shares during the period. 79.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Meta Platforms

In other news, CFO Susan J. Li sold 18,332 shares of the 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 completion of the transaction, the chief financial officer owned 84,141 shares of the company's stock, valued at approximately $64,343,464.11. This represents a 17.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mark Zuckerberg sold 15,847 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $753.43, for a total value of $11,939,605.21. The disclosure for this sale can be found here. Insiders sold 257,922 shares of company stock valued at $196,412,792 in the last 90 days. Insiders own 13.61% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on the company. JPMorgan Chase & Co. boosted their target price on Meta Platforms from $795.00 to $875.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Citizens Jmp boosted their target price on Meta Platforms from $750.00 to $900.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Hsbc Global Res upgraded Meta Platforms from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 31st. Roth Capital upped their price objective on Meta Platforms from $620.00 to $740.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Finally, Barclays upped their price objective on Meta Platforms from $640.00 to $810.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Three investment analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $826.05.

Meta Platforms Trading Down 0.2%

META traded down $1.87 during midday trading on Friday, reaching $778.38. 22,494,703 shares of the company's stock traded hands, compared to its average volume of 9,174,566. The firm has a fifty day moving average of $747.06 and a two-hundred day moving average of $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. 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, Inc. has a 52 week low of $479.80 and a 52 week high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, beating analysts' consensus estimates of $5.75 by $1.39. The business had revenue of $47.52 billion during the quarter, compared to analyst estimates of $44.55 billion. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.Meta Platforms's quarterly revenue was up 21.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. On average, equities analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 22nd will be given 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 yield of 0.3%. Meta Platforms's dividend payout ratio is presently 7.60%.

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.