Meta Platforms, Inc. $META is Allen Mooney & Barnes Investment Advisors LLC's Largest Position

Key Points

• Allen Mooney & Barnes Investment Advisors LLC increased its holdings in Meta Platforms by 89.0% in the second quarter, making it the firm's largest position at approximately $28.5 million.
• A number of institutional investors have made changes to their positions in META, with 79.91% of the company's stock now owned by hedge funds and institutional investors.
• Meta Platforms reported $7.14 earnings per share for the last quarter, exceeding analyst estimates, and announced a quarterly dividend of $0.525 per share to be paid on September 29th.

Allen Mooney & Barnes Investment Advisors LLC increased its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 89.0% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 38,617 shares of the social networking company's stock after purchasing an additional 18,184 shares during the period. Meta Platforms makes up about 4.7% of Allen Mooney & Barnes Investment Advisors LLC's holdings, making the stock its biggest holding. Allen Mooney & Barnes Investment Advisors LLC's holdings in Meta Platforms were worth $28,503,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in META. Inlight Wealth Management LLC purchased a new stake in Meta Platforms during the 1st quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in Meta Platforms during the 1st quarter valued at $28,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Meta Platforms during the 1st quarter valued at $33,000. JCIC Asset Management Inc. boosted its position in Meta Platforms by 102.6% during the 1st quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company's stock valued at $46,000 after buying an additional 40 shares during the period. Finally, Principia Wealth Advisory LLC boosted its position in Meta Platforms by 53.6% during the 1st quarter. Principia Wealth Advisory LLC now owns 86 shares of the social networking company's stock valued at $50,000 after buying an additional 30 shares during the period. Hedge funds and other institutional investors own 79.91% of the company's stock.

Insider Activity

In related news, insider Jennifer Newstead sold 519 shares of the stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $757.50, for a total transaction of $393,142.50. Following the sale, the insider directly owned 31,389 shares of the company's stock, valued at approximately $23,777,167.50. This represents a 1.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Andrew Bosworth sold 11,694 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $775.00, for a total transaction of $9,062,850.00. Following the sale, the chief technology officer directly owned 1,799 shares in the company, valued at $1,394,225. This trade represents a 86.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 259,674 shares of company stock valued at $197,549,274. Company insiders own 13.61% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on META. Citigroup reissued an "outperform" rating on shares of Meta Platforms in a research report on Thursday, July 31st. Roth Capital upped their price objective on shares of Meta Platforms from $620.00 to $740.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Oppenheimer upped their price objective on shares of Meta Platforms from $775.00 to $870.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. JMP Securities upped their price objective on shares of Meta Platforms from $750.00 to $900.00 and gave the stock a "market outperform" rating in a report on Thursday, July 31st. Finally, Bank of America upped their price objective on shares of Meta Platforms from $775.00 to $900.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Three research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $822.41.

Meta Platforms Stock Up 1.2%

Shares of Meta Platforms stock opened at $764.70 on Tuesday. 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 moving average of $742.75 and a 200 day moving average of $662.53. The firm has a market cap of $1.92 trillion, a price-to-earnings ratio of 27.69, a PEG ratio of 1.56 and a beta of 1.24. Meta Platforms, Inc. has a 1 year low of $479.80 and a 1 year high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its quarterly 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. The company had revenue of $47.52 billion during the quarter, compared to analyst estimates of $44.55 billion. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. Meta Platforms's quarterly revenue was up 21.6% compared to the same quarter last year. During the same period last year, the business earned $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, sell-side analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

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

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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