Meitav Investment House Ltd. Grows Stake in Meta Platforms, Inc. $META

Key Points

• Meitav Investment House Ltd. increased its stake in Meta Platforms by 13.6%, acquiring an additional 26,612 shares, bringing its total ownership to 221,926 shares valued at approximately $163.8 million.
• Meta Platforms recently declared a quarterly dividend of $0.525 per share, yielding about 0.3%, with a payout ratio of 7.60%.
• Analysts have raised their price targets for Meta Platforms, with Barclays increasing their target from $640 to $810, indicating a broadly positive outlook on the company's stock performance.

Meitav Investment House Ltd. lifted its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 13.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 221,926 shares of the social networking company's stock after purchasing an additional 26,612 shares during the period. Meta Platforms accounts for about 2.5% of Meitav Investment House Ltd.'s investment portfolio, making the stock its 10th biggest position. Meitav Investment House Ltd.'s holdings in Meta Platforms were worth $163,839,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of META. Inlight Wealth Management LLC purchased a new stake in Meta Platforms during the first quarter worth $25,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in Meta Platforms during the first quarter worth $28,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Meta Platforms during the first quarter worth $33,000. Evergreen Private Wealth LLC lifted its holdings in Meta Platforms by 237.5% during the second quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company's stock worth $40,000 after buying an additional 38 shares during the period. Finally, JCIC Asset Management Inc. lifted its holdings in Meta Platforms by 102.6% during the first quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company's stock worth $46,000 after buying an additional 40 shares during the period. Hedge funds and other institutional investors own 79.91% of the company's stock.

Insiders Place Their Bets

In other Meta Platforms news, COO Javier Olivan sold 517 shares of the stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $704.81, for a total transaction of $364,386.77. Following the sale, the chief operating officer directly owned 9,509 shares of the company's stock, valued at approximately $6,702,038.29. This trade represents a 5.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert M. Kimmitt sold 465 shares of the stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $757.47, for a total value of $352,223.55. Following the sale, the director directly owned 8,412 shares in the company, valued at $6,371,837.64. This represents a 5.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 212,681 shares of company stock valued at $163,863,761. Company insiders own 13.61% of the company's stock.

Meta Platforms Price Performance

NASDAQ META opened at $708.65 on Wednesday. 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 $749.89 and its 200 day moving average price is $680.94. Meta Platforms, Inc. has a 1 year low of $479.80 and a 1 year high of $796.25. The company has a market cap of $1.78 trillion, a price-to-earnings ratio of 25.66, a PEG ratio of 1.49 and a beta of 1.20.

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 (EPS) for the quarter, beating the consensus estimate of $5.75 by $1.39. The firm 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 firm's revenue was up 21.6% on a year-over-year basis. During the same period in the prior year, the firm earned $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, equities research analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Announces Dividend

The business 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 of this dividend was Monday, September 22nd. Meta Platforms's dividend payout ratio (DPR) is currently 7.60%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Barclays upped their target price on Meta Platforms from $640.00 to $810.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Citizens Jmp upped their target price on Meta Platforms from $750.00 to $900.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Morgan Stanley upped their target price on Meta Platforms from $750.00 to $850.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Roth Capital increased their price objective on Meta Platforms from $620.00 to $740.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Finally, JMP Securities increased their price objective on Meta Platforms from $750.00 to $900.00 and gave the company a "market outperform" rating in a report on Thursday, July 31st. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, Meta Platforms has an average rating of "Moderate Buy" and an average target price of $830.68.

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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