FCG Investment Co Purchases 1,430 Shares of Meta Platforms, Inc. $META

Key Points

• FCG Investment Co increased its stake in Meta Platforms by 17.4%, now holding 9,640 shares, which makes it the 6th largest position in their portfolio.
• Meta Platforms reported a quarterly revenue of $47.52 billion, significantly surpassing analysts' expectations of $44.55 billion, and achieved an EPS of $7.14, exceeding estimates by $1.39.
• Several analysts upgraded their ratings for Meta Platforms, with Benchmark raising its price target from $800 to $890, while maintaining a "buy" rating.

FCG Investment Co boosted its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 17.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,640 shares of the social networking company's stock after acquiring an additional 1,430 shares during the quarter. Meta Platforms accounts for about 3.5% of FCG Investment Co's investment portfolio, making the stock its 6th biggest position. FCG Investment Co's holdings in Meta Platforms were worth $5,556,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Valley Financial Group Inc. increased its stake in Meta Platforms by 2.4% in the fourth quarter. Valley Financial Group Inc. now owns 588 shares of the social networking company's stock valued at $344,000 after acquiring an additional 14 shares during the period. Lantern Wealth Advisors LLC increased its stake in Meta Platforms by 0.5% in the fourth quarter. Lantern Wealth Advisors LLC now owns 2,976 shares of the social networking company's stock valued at $1,743,000 after acquiring an additional 14 shares during the period. ABLE Financial Group LLC increased its stake in Meta Platforms by 0.7% in the fourth quarter. ABLE Financial Group LLC now owns 2,136 shares of the social networking company's stock valued at $1,251,000 after acquiring an additional 15 shares during the period. Mosaic Family Wealth Partners LLC grew its stake in Meta Platforms by 1.2% during the fourth quarter. Mosaic Family Wealth Partners LLC now owns 1,435 shares of the social networking company's stock worth $840,000 after buying an additional 17 shares during the last quarter. Finally, Orin Green Financial LLC grew its stake in Meta Platforms by 2.2% during the fourth quarter. Orin Green Financial LLC now owns 795 shares of the social networking company's stock worth $465,000 after buying an additional 17 shares during the last quarter. Institutional investors own 79.91% of the company's stock.

Meta Platforms Trading Down 2.1%

NASDAQ META traded down $15.89 during trading hours on Tuesday, hitting $751.48. The company's stock had a trading volume of 12,216,778 shares, compared to its average volume of 13,316,512. The stock has a fifty day moving average of $726.88 and a 200 day moving average of $656.42. Meta Platforms, Inc. has a twelve month low of $479.80 and a twelve month high of $796.25. The firm has a market capitalization of $1.89 trillion, a P/E ratio of 27.21, a PEG ratio of 1.59 and a beta of 1.27. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.15.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 earnings per share 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 for the quarter, compared to analyst estimates of $44.55 billion. During the same period in the prior year, the business posted $5.16 earnings per share. Meta Platforms's revenue was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. Equities research analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Monday, June 16th were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 0.3%. The ex-dividend date was Monday, June 16th. Meta Platforms's dividend payout ratio is currently 7.60%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. 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 research note on Thursday, July 31st. Stifel Nicolaus upped their price objective 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. Truist Financial upped their price objective on shares of Meta Platforms from $700.00 to $720.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Barclays upped their price objective on shares of Meta Platforms from $640.00 to $810.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Finally, Royal Bank Of Canada upped their price objective on shares of Meta Platforms from $740.00 to $840.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Three analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $822.41.

Insider Activity at Meta Platforms

In related news, CEO Mark Zuckerberg sold 15,847 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $753.43, for a total value of $11,939,605.21. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Christopher K. Cox sold 60,000 shares of the stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $775.95, for a total transaction of $46,557,000.00. Following the completion of the transaction, the insider owned 237,205 shares in the company, valued at $184,059,219.75. This represents a 20.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 313,803 shares of company stock worth $235,276,424 over the last ninety days. 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.