Magnus Financial Group LLC Acquires 793 Shares of Meta Platforms, Inc. $META

Key Points

• Magnus Financial Group LLC boosted its holdings in Meta Platforms, Inc. by 8.0% in Q2, acquiring 793 additional shares, bringing its total to 10,661 shares valued at approximately $7.87 million.
• Several large investors reported increasing their stakes in META, with notable increases including Worth Asset Management LLC at 273.0% and NBC Securities Inc. at 105,800.0% in the first quarter.
• Meta Platforms recently announced a quarterly dividend of $0.525 per share, reflecting a $2.10 annualized dividend and a yield of 0.3% with a payout ratio of 7.60%.

Magnus Financial Group LLC increased its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 8.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,661 shares of the social networking company's stock after buying an additional 793 shares during the period. Magnus Financial Group LLC's holdings in Meta Platforms were worth $7,869,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in META. Brighton Jones LLC increased its holdings in Meta Platforms by 1.7% during the fourth quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock worth $20,230,000 after buying an additional 570 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in Meta Platforms by 10.2% during the fourth quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company's stock worth $5,537,000 after buying an additional 875 shares during the last quarter. Baker Tilly Wealth Management LLC increased its holdings in Meta Platforms by 3.4% during the first quarter. Baker Tilly Wealth Management LLC now owns 7,991 shares of the social networking company's stock worth $4,606,000 after buying an additional 266 shares during the last quarter. Worth Asset Management LLC increased its holdings in Meta Platforms by 273.0% during the first quarter. Worth Asset Management LLC now owns 3,051 shares of the social networking company's stock worth $1,759,000 after buying an additional 2,233 shares during the last quarter. Finally, NBC Securities Inc. increased its holdings in Meta Platforms by 105,800.0% during the first quarter. NBC Securities Inc. now owns 7,413 shares of the social networking company's stock worth $4,272,000 after buying an additional 7,406 shares during the last quarter. Hedge funds and other institutional investors own 79.91% of the company's stock.

Analysts Set New Price Targets

META has been the subject of several recent research reports. Needham & Company LLC upgraded shares of Meta Platforms from an "underperform" rating to a "hold" rating in a research note on Thursday, July 3rd. HSBC upgraded shares of Meta Platforms from a "hold" rating to a "buy" rating and lifted their target price for the stock from $610.00 to $900.00 in a research note on Thursday, July 31st. Raymond James Financial lifted their target price on shares of Meta Platforms from $750.00 to $900.00 and gave the stock a "strong-buy" rating in a research note on Thursday, July 31st. Stifel Nicolaus lifted their target price on shares of Meta Platforms from $845.00 to $900.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Finally, Benchmark lifted their target price on shares of Meta Platforms from $800.00 to $890.00 and gave the stock a "buy" rating in a research note 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 given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $826.05.

Meta Platforms Trading Down 0.0%

Shares of Meta Platforms stock opened at $743.40 on Tuesday. Meta Platforms, Inc. has a 1 year low of $479.80 and a 1 year high of $796.25. The firm has a market cap of $1.87 trillion, a PE ratio of 26.92, a PEG ratio of 1.55 and a beta of 1.24. 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 company has a 50 day simple moving average of $752.34 and a two-hundred day simple moving average of $672.35.

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, beating 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 business 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 posted $5.16 earnings per share. Meta Platforms's revenue for the quarter was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. 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 announced 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. 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, COO Javier Olivan sold 517 shares of Meta Platforms stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $781.33, for a total transaction of $403,947.61. Following the completion of the sale, the chief operating officer directly owned 10,543 shares in the company, valued at $8,237,562.19. The trade was a 4.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jennifer Newstead sold 519 shares of Meta Platforms stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $769.20, for a total transaction of $399,214.80. Following the sale, the insider owned 30,351 shares of the company's stock, valued at approximately $23,345,989.20. The trade was a 1.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 215,507 shares of company stock worth $165,874,850 over the last three months. 13.61% of the stock is owned by insiders.

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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