Brooklyn Investment Group Acquires 5,085 Shares of Meta Platforms, Inc. $META

Key Points

• Brooklyn Investment Group increased its stake in Meta Platforms by 55.1%, making it the 5th largest position in their portfolio, worth approximately $8.25 million.
• Meta Platforms' stock has received several target price increases from analysts, with JPMorgan raising it to $875.00, reflecting strong confidence in the company's performance.
• The company recently announced a quarterly dividend of $0.525 per share, which represents a yield of 0.3% and indicates ongoing financial stability.

Brooklyn Investment Group boosted its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 55.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,307 shares of the social networking company's stock after buying an additional 5,085 shares during the period. Meta Platforms accounts for about 1.8% of Brooklyn Investment Group's investment portfolio, making the stock its 5th biggest holding. Brooklyn Investment Group's holdings in Meta Platforms were worth $8,246,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares 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 shares of Meta Platforms during the 1st quarter valued at $28,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Meta Platforms during the 1st quarter valued at $33,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of Meta Platforms during the 4th quarter valued at $45,000. Finally, JCIC Asset Management Inc. lifted its holdings in shares of 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 purchasing an additional 40 shares during the last quarter. Hedge funds and other institutional investors own 79.91% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on META shares. HSBC upgraded Meta Platforms from a "hold" rating to a "buy" rating and increased their price objective for the company from $610.00 to $900.00 in a report on Thursday, July 31st. Pivotal Research increased their price objective on Meta Platforms from $830.00 to $930.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Royal Bank Of Canada increased their price objective on Meta Platforms from $740.00 to $840.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Wells Fargo & Company increased their price objective on Meta Platforms from $783.00 to $811.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Finally, Scotiabank increased their price objective on Meta Platforms from $675.00 to $685.00 and gave the company a "sector perform" rating in a report on Thursday, July 31st. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $822.41.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, CEO Mark Zuckerberg sold 15,847 shares of Meta Platforms stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $753.43, for a total transaction of $11,939,605.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Christopher K. Cox sold 60,000 shares of Meta Platforms stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $775.95, for a total value of $46,557,000.00. Following the transaction, the insider owned 237,205 shares of the company's stock, valued at $184,059,219.75. The trade was a 20.19% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 313,803 shares of company stock worth $235,276,424. Insiders own 13.61% of the company's stock.

Meta Platforms Stock Performance

META traded up $15.69 on Friday, reaching $754.79. 10,590,214 shares of the stock were exchanged, compared to its average volume of 13,655,942. The company's 50-day moving average price is $730.31 and its 200 day moving average price is $656.98. Meta Platforms, Inc. has a fifty-two week low of $479.80 and a fifty-two week high of $796.25. 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 firm has a market capitalization of $1.90 trillion, a PE ratio of 27.33, a PEG ratio of 1.56 and a beta of 1.27.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $44.55 billion. During the same quarter in the previous year, the firm posted $5.16 EPS. The firm's 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, sell-side analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Monday, June 16th were paid a dividend of $0.525 per share. The ex-dividend date was Monday, June 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. Meta Platforms's dividend payout ratio (DPR) is presently 7.60%.

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.