Lake Hills Wealth Management LLC Increases Stake in Meta Platforms, Inc. $META

Key Points

• Lake Hills Wealth Management LLC increased its stake in Meta Platforms by 125.7%, owning a total of 1,212 shares valued at approximately $895,000, making it the firm's 23rd largest holding.
• Meta reported earnings of $7.14 per share, exceeding analysts' expectations and marking a 21.6% year-over-year revenue increase to $47.52 billion for the quarter.
• The company announced a quarterly dividend of $0.525, with a dividend yield of 0.3%, to be paid on September 29th.

Lake Hills Wealth Management LLC grew its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 125.7% during the second quarter, according to its most recent filing with the SEC. The firm owned 1,212 shares of the social networking company's stock after acquiring an additional 675 shares during the period. Meta Platforms comprises about 0.5% of Lake Hills Wealth Management LLC's holdings, making the stock its 23rd largest holding. Lake Hills Wealth Management LLC's holdings in Meta Platforms were worth $895,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in META. Csenge Advisory Group grew its holdings in Meta Platforms by 12.0% in the first quarter. Csenge Advisory Group now owns 9,539 shares of the social networking company's stock worth $5,498,000 after purchasing an additional 1,019 shares during the period. ARQ Wealth Advisors LLC grew its stake in shares of Meta Platforms by 4.5% in the first quarter. ARQ Wealth Advisors LLC now owns 785 shares of the social networking company's stock worth $452,000 after acquiring an additional 34 shares during the last quarter. JMG Financial Group Ltd. purchased a new stake in shares of Meta Platforms in the first quarter worth $284,000. Infusive Asset Management Inc. grew its position in Meta Platforms by 10.7% during the 1st quarter. Infusive Asset Management Inc. now owns 23,620 shares of the social networking company's stock valued at $13,614,000 after purchasing an additional 2,285 shares during the last quarter. Finally, Aspire Growth Partners LLC grew its position in Meta Platforms by 7.3% during the 1st quarter. Aspire Growth Partners LLC now owns 662 shares of the social networking company's stock valued at $395,000 after purchasing an additional 45 shares during the last quarter. Hedge funds and other institutional investors own 79.91% of the company's stock.

Meta Platforms Price Performance

NASDAQ META opened at $778.38 on Friday. The company has a market capitalization of $1.96 trillion, a PE ratio of 28.18, a price-to-earnings-growth ratio of 1.63 and a beta of 1.24. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.97. The business's fifty day moving average is $747.06 and its 200 day moving average is $665.93. Meta Platforms, Inc. has a fifty-two week low of $479.80 and a fifty-two week high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last released its 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. 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 for the quarter, compared to the consensus estimate of $44.55 billion. During the same period in the previous year, the business earned $5.16 earnings per share. Meta Platforms's quarterly revenue was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. Sell-side analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 22nd will be 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 is Monday, September 22nd. Meta Platforms's payout ratio is 7.60%.

Insiders Place Their Bets

In related news, Director Robert M. Kimmitt sold 465 shares of the stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $757.47, for a total transaction of $352,223.55. Following the completion of the transaction, the director directly owned 8,412 shares of the company's stock, valued at approximately $6,371,837.64. This represents a 5.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jennifer Newstead sold 519 shares of the stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $767.16, for a total value of $398,156.04. Following the transaction, the insider owned 30,870 shares of the company's stock, valued at $23,682,229.20. This represents a 1.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 257,922 shares of company stock worth $196,412,792 in the last 90 days. 13.61% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

META has been the topic of a number of recent analyst reports. Pivotal Research increased their price target on shares of Meta Platforms from $830.00 to $930.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Guggenheim reiterated a "buy" rating and set a $800.00 target price (up from $725.00) on shares of Meta Platforms in a research note on Monday, July 28th. Loop Capital reiterated a "buy" rating and set a $980.00 target price (up from $888.00) on shares of Meta Platforms in a research note on Tuesday, August 5th. Robert W. Baird increased their price objective on Meta Platforms from $635.00 to $740.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. Finally, Truist Financial set a $880.00 price objective on Meta Platforms in a research report on Thursday. Three investment analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Meta Platforms has an average rating of "Moderate Buy" and a consensus price target of $826.05.

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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