Index Fund Advisors Inc. Grows Stock Holdings in Meta Platforms, Inc. $META

Key Points

• Index Fund Advisors Inc. increased its holdings in Meta Platforms by 145.6% during the second quarter, after acquiring an additional 2,737 shares.
• Meta Platforms reported $7.14 earnings per share in its last quarterly results, exceeding analysts' expectations of $5.75.
• The firm recently announced a quarterly dividend of $0.525 per share, with an annualized yield of 0.3%.

Index Fund Advisors Inc. grew its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 145.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,617 shares of the social networking company's stock after buying an additional 2,737 shares during the quarter. Meta Platforms accounts for 0.2% of Index Fund Advisors Inc.'s portfolio, making the stock its 26th largest position. Index Fund Advisors Inc.'s holdings in Meta Platforms were worth $3,408,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. M3 Advisory Group LLC grew its stake in Meta Platforms by 7.6% during the second quarter. M3 Advisory Group LLC now owns 1,321 shares of the social networking company's stock worth $975,000 after buying an additional 93 shares during the period. Yarger Wealth Strategies LLC grew its stake in Meta Platforms by 17.2% during the second quarter. Yarger Wealth Strategies LLC now owns 1,199 shares of the social networking company's stock worth $885,000 after buying an additional 176 shares during the period. Sharp Financial Services LLC grew its stake in Meta Platforms by 3.3% during the second quarter. Sharp Financial Services LLC now owns 3,712 shares of the social networking company's stock worth $2,740,000 after buying an additional 120 shares during the period. Libra Wealth LLC lifted its position in shares of Meta Platforms by 27.9% during the second quarter. Libra Wealth LLC now owns 615 shares of the social networking company's stock worth $454,000 after purchasing an additional 134 shares in the last quarter. Finally, CCG Wealth Management LLC lifted its position in shares of Meta Platforms by 1.6% during the second quarter. CCG Wealth Management LLC now owns 2,406 shares of the social networking company's stock worth $1,775,000 after purchasing an additional 38 shares in the last quarter. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Meta Platforms Trading Up 0.0%

META opened at $733.41 on Thursday. The stock has a market capitalization of $1.84 trillion, a PE ratio of 26.55, a P/E/G ratio of 1.53 and a beta of 1.20. The firm's fifty day moving average price is $744.01 and its 200 day moving average price is $687.02. 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 12-month low of $479.80 and a 12-month high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.75 by $1.39. The firm 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 firm's quarterly revenue was up 21.6% on a year-over-year basis. During the same period in the prior year, the company posted $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, research analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were paid a dividend of $0.525 per share. The ex-dividend date was Monday, September 22nd. This represents a $2.10 annualized dividend and a yield of 0.3%. Meta Platforms's payout ratio is presently 7.60%.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, Director Robert M. Kimmitt sold 465 shares of the business's stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $716.97, for a total transaction of $333,391.05. Following the completion of the sale, the director owned 7,947 shares in the company, valued at $5,697,760.59. The trade was a 5.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Javier Olivan sold 517 shares of the business's stock in a transaction on Monday, October 20th. The shares were sold at an average price of $721.30, for a total transaction of $372,912.10. Following the sale, the chief operating officer owned 8,475 shares of the company's stock, valued at approximately $6,113,017.50. The trade was a 5.75% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 213,663 shares of company stock worth $164,569,365 over the last 90 days. Insiders own 13.61% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on META. Wells Fargo & Company boosted their target price on shares of Meta Platforms from $811.00 to $837.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 7th. Needham & Company LLC raised shares of Meta Platforms from an "underperform" rating to a "hold" rating in a research report on Thursday, July 3rd. Citigroup reissued an "outperform" rating on shares of Meta Platforms in a research report on Thursday, July 31st. BMO Capital Markets boosted their target price on shares of Meta Platforms from $610.00 to $710.00 and gave the stock a "market perform" rating in a research report on Thursday, July 31st. Finally, Monness Crespi & Hardt boosted their target price on shares of Meta Platforms from $780.00 to $860.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Five investment analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $829.66.

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.

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