Leo Wealth LLC Buys 3,433 Shares of Meta Platforms, Inc. $META

Key Points

• Leo Wealth LLC increased its stake in Meta Platforms by 69.7%, acquiring an additional 3,433 shares, bringing its total holdings to 8,358 shares worth approximately $6.15 million.
• Several brokerages have recently raised their target prices for Meta Platforms, including Benchmark and UBS Group, with price targets now ranging from $800 to $900 and a consensus rating of "Moderate Buy".
• Meta reported impressive quarterly earnings, with $7.14 EPS exceeding estimates, and a revenue of $47.52 billion, reflecting a 21.6% increase from the previous year.

Leo Wealth LLC increased its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 69.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,358 shares of the social networking company's stock after purchasing an additional 3,433 shares during the quarter. Leo Wealth LLC's holdings in Meta Platforms were worth $6,152,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Copperwynd Financial LLC raised its holdings in shares of Meta Platforms by 2.0% in the 2nd quarter. Copperwynd Financial LLC now owns 8,433 shares of the social networking company's stock worth $6,224,000 after purchasing an additional 164 shares during the period. E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of Meta Platforms by 4.9% in the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 722 shares of the social networking company's stock worth $533,000 after purchasing an additional 34 shares during the period. US Bancorp DE raised its holdings in Meta Platforms by 1.9% during the 2nd quarter. US Bancorp DE now owns 926,610 shares of the social networking company's stock valued at $683,923,000 after acquiring an additional 17,478 shares during the period. Baxter Bros Inc. raised its holdings in Meta Platforms by 2.9% during the 2nd quarter. Baxter Bros Inc. now owns 37,793 shares of the social networking company's stock valued at $27,895,000 after acquiring an additional 1,062 shares during the period. Finally, Armstrong Fleming & Moore Inc bought a new stake in Meta Platforms during the 2nd quarter valued at $303,000. Institutional investors own 79.91% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on META. Benchmark boosted their target price on shares of Meta Platforms from $800.00 to $890.00 and gave the company a "buy" rating in a report on Thursday, July 31st. UBS Group boosted their target price on shares of Meta Platforms from $897.00 to $900.00 and gave the company a "buy" rating in a report on Thursday, October 9th. JPMorgan Chase & Co. boosted their target price on shares of Meta Platforms from $795.00 to $875.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. KeyCorp boosted their target price on shares of Meta Platforms from $800.00 to $905.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Finally, Barclays boosted their target price on shares of Meta Platforms from $640.00 to $810.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Four equities 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 stock. According to data from MarketBeat, Meta Platforms presently has a consensus rating of "Moderate Buy" and a consensus target price of $830.68.

Meta Platforms Stock Up 0.7%

Shares of NASDAQ:META opened at $716.91 on Friday. Meta Platforms, Inc. has a 52-week low of $479.80 and a 52-week high of $796.25. The firm has a fifty day moving average of $746.75 and a 200 day moving average of $683.03. The firm has a market capitalization of $1.80 trillion, a PE ratio of 25.96, a price-to-earnings-growth ratio of 1.49 and a beta of 1.20. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.97.

Meta Platforms (NASDAQ:META - Get Free Report) last announced 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 during the quarter, compared to analyst estimates of $44.55 billion. During the same period in the previous year, the business earned $5.16 earnings per share. The firm's quarterly revenue was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, research analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Announces Dividend

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

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, insider Jennifer Newstead sold 519 shares of the company's stock in a transaction dated Tuesday, October 14th. The shares were sold at an average price of $707.85, for a total transaction of $367,374.15. Following the completion of the sale, the insider directly owned 28,794 shares in the company, valued at $20,381,832.90. This represents a 1.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Javier Olivan sold 517 shares of the company's stock in a transaction dated Monday, October 13th. The shares were sold at an average price of $713.34, for a total transaction of $368,796.78. Following the sale, the chief operating officer owned 8,992 shares of the company's stock, valued at approximately $6,414,353.28. The trade was a 5.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 214,182 shares of company stock worth $164,933,323 over the last three months. Company insiders own 13.61% of the company's stock.

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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