Invst LLC Acquires 1,934 Shares of Meta Platforms, Inc. $META

Key Points

• Invst LLC increased its holdings in Meta Platforms by 38.7% during the first quarter, bringing its total shares to 6,937, valued at approximately $3,998,000.
• Several other institutional investors, including Cim Investment Management and Hodges Capital Management, also boosted their stakes, contributing to a total of 79.91% institutional ownership in the company.
• Meta Platforms announced a quarterly dividend of $0.525 per share, set to be paid on September 29th, with the ex-dividend date on September 22nd.

Invst LLC raised its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 38.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,937 shares of the social networking company's stock after purchasing an additional 1,934 shares during the period. Invst LLC's holdings in Meta Platforms were worth $3,998,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Cim Investment Management Inc. increased its stake in shares of Meta Platforms by 8.5% during the first quarter. Cim Investment Management Inc. now owns 9,440 shares of the social networking company's stock valued at $5,441,000 after purchasing an additional 736 shares in the last quarter. Hodges Capital Management Inc. increased its stake in shares of Meta Platforms by 24.1% during the first quarter. Hodges Capital Management Inc. now owns 10,598 shares of the social networking company's stock valued at $6,108,000 after purchasing an additional 2,056 shares in the last quarter. Modern Wealth Management LLC increased its position in shares of Meta Platforms by 30.7% during the first quarter. Modern Wealth Management LLC now owns 8,537 shares of the social networking company's stock valued at $4,921,000 after acquiring an additional 2,004 shares in the last quarter. Nova Wealth Management Inc. increased its position in shares of Meta Platforms by 357.1% during the first quarter. Nova Wealth Management Inc. now owns 160 shares of the social networking company's stock valued at $92,000 after acquiring an additional 125 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its position in shares of Meta Platforms by 38.6% during the first quarter. Jones Financial Companies Lllp now owns 283,481 shares of the social networking company's stock valued at $163,479,000 after acquiring an additional 78,963 shares in the last quarter. Institutional investors own 79.91% of the company's stock.

Analyst Upgrades and Downgrades

META has been the subject of several analyst reports. Needham & Company LLC raised shares of Meta Platforms from an "underperform" rating to a "hold" rating in a research report on Thursday, July 3rd. Morgan Stanley raised their price target on shares of Meta Platforms from $750.00 to $850.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. JMP Securities raised their price target on shares of Meta Platforms from $750.00 to $900.00 and gave the company a "market outperform" rating in a research report on Thursday, July 31st. Citigroup reissued an "outperform" rating on shares of Meta Platforms in a research report on Thursday, July 31st. Finally, Monness Crespi & Hardt raised their price target on shares of Meta Platforms from $780.00 to $860.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Three research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $822.41.

Insider Transactions at Meta Platforms

In other news, insider Christopher K. Cox sold 60,000 shares of Meta Platforms stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $775.95, for a total transaction of $46,557,000.00. Following the transaction, the insider owned 237,205 shares in the company, valued at $184,059,219.75. This trade represents a 20.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Mark Zuckerberg sold 15,847 shares of Meta Platforms stock in a transaction 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 disclosure for this sale can be found here. Insiders have sold 283,280 shares of company stock worth $214,119,908 in the last 90 days. 13.61% of the stock is currently owned by insiders.

Meta Platforms Trading Down 0.1%

Shares of META stock opened at $750.90 on Friday. Meta Platforms, Inc. has a 12-month low of $479.80 and a 12-month high of $796.25. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15. The firm's 50 day moving average is $741.05 and its 200 day moving average is $661.24. The stock has a market capitalization of $1.89 trillion, a P/E ratio of 27.19, a P/E/G ratio of 1.55 and a beta of 1.24.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, topping 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 company had revenue of $47.52 billion for the quarter, compared to analysts' expectations of $44.55 billion. During the same quarter last year, the company posted $5.16 earnings per share. The firm's quarterly revenue was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. Research analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Announces Dividend

The firm also recently declared 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 is Monday, September 22nd. Meta Platforms's dividend payout ratio (DPR) is currently 7.60%.

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.

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