Invesco LLC Purchases 713 Shares of Meta Platforms, Inc. $META

Key Points

• Invesco LLC increased its stake in Meta Platforms by 19.5%, purchasing an additional 713 shares, bringing its total holdings to 4,367 shares valued at approximately $3.22 million.
• Insider sales included notable transactions by Christopher K. Cox and Andrew Bosworth, who sold 60,000 and 11,694 shares respectively, totaling over $55 million in stock sales.
• Meta Platforms recently reported an impressive quarterly earnings result with earnings per share of $7.14, significantly surpassing analyst expectations and showing a revenue increase of 21.6% year-over-year.

Invesco LLC boosted its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 19.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,367 shares of the social networking company's stock after buying an additional 713 shares during the quarter. Meta Platforms makes up 1.2% of Invesco LLC's investment portfolio, making the stock its 21st largest holding. Invesco LLC's holdings in Meta Platforms were worth $3,223,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC increased its holdings in Meta Platforms by 1.7% in the 4th quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock worth $20,230,000 after acquiring an additional 570 shares during the last quarter. Revolve Wealth Partners LLC boosted its position in shares of Meta Platforms by 10.2% during the 4th quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company's stock valued at $5,537,000 after acquiring an additional 875 shares during the last quarter. Permanent Capital Management LP boosted its position in shares of Meta Platforms by 4.9% during the 1st quarter. Permanent Capital Management LP now owns 1,891 shares of the social networking company's stock valued at $1,090,000 after acquiring an additional 89 shares during the last quarter. Procyon Advisors LLC lifted its position in Meta Platforms by 10.1% in the 1st quarter. Procyon Advisors LLC now owns 56,338 shares of the social networking company's stock worth $32,471,000 after buying an additional 5,154 shares during the last quarter. Finally, Prospect Financial Services LLC lifted its position in Meta Platforms by 0.7% in the 1st quarter. Prospect Financial Services LLC now owns 5,895 shares of the social networking company's stock worth $3,397,000 after buying an additional 39 shares during the last quarter. 79.91% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Christopher K. Cox sold 60,000 shares of the company's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $775.95, for a total value of $46,557,000.00. Following the completion of the transaction, the insider owned 237,205 shares of the company's stock, valued at approximately $184,059,219.75. This represents a 20.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Andrew Bosworth sold 11,694 shares of the company's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $775.00, for a total value of $9,062,850.00. Following the completion of the transaction, the chief technology officer directly owned 1,799 shares of the company's stock, valued at $1,394,225. The trade was a 86.67% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 214,182 shares of company stock worth $164,955,168. 13.61% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

META has been the topic of several research analyst reports. Cantor Fitzgerald reissued an "overweight" rating and set a $920.00 target price on shares of Meta Platforms in a research note on Wednesday, September 17th. Truist Financial set a $880.00 target price on Meta Platforms in a report on Thursday, September 18th. Benchmark raised their price objective on Meta Platforms from $800.00 to $890.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Zacks Research cut Meta Platforms from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Finally, Morgan Stanley raised their price target on Meta Platforms from $750.00 to $850.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Four research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $830.02.

Meta Platforms Stock Down 2.3%

Shares of META stock opened at $710.56 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.97 and a quick ratio of 1.97. The stock's fifty day moving average price is $753.21 and its 200 day moving average price is $675.45. The company has a market cap of $1.79 trillion, a price-to-earnings ratio of 25.73, a price-to-earnings-growth ratio of 1.48 and a beta of 1.20. Meta Platforms, Inc. has a 1-year low of $479.80 and a 1-year 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 for the quarter, beating the consensus estimate of $5.75 by $1.39. The business had revenue of $47.52 billion for the quarter, compared to the consensus estimate of $44.55 billion. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The company's quarterly revenue was up 21.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. On average, research analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, September 22nd. Meta Platforms's payout ratio is 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.

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