Meta Platforms, Inc. $META Position Increased by Riversedge Advisors LLC

Key Points

• Riversedge Advisors LLC has increased its stake in Meta Platforms, Inc. by 20.3%, holding 1,997 shares valued at approximately $1,474,000 as of the latest SEC filing.
• Several brokerages have raised their target prices for Meta Platforms, with Bank of America and Sanford C. Bernstein increasing theirs to $900.00, indicating a positive outlook on the stock.
• Meta Platforms announced a quarterly dividend of $0.525 per share, representing an annualized dividend of $2.10 and a dividend yield of 0.3%.

Riversedge Advisors LLC increased its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 20.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,997 shares of the social networking company's stock after purchasing an additional 337 shares during the period. Riversedge Advisors LLC's holdings in Meta Platforms were worth $1,474,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Inlight Wealth Management LLC bought a new stake in Meta Platforms during the 1st quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC bought a new stake in Meta Platforms during the 1st quarter valued at $28,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in Meta Platforms during the 1st quarter valued at $33,000. JCIC Asset Management Inc. raised its stake 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 acquiring an additional 40 shares in the last quarter. Finally, Principia Wealth Advisory LLC raised its stake 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 acquiring an additional 30 shares in the last quarter. Institutional investors own 79.91% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on META. Bank of America lifted their target price on Meta Platforms from $775.00 to $900.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Sanford C. Bernstein lifted their target price on Meta Platforms from $775.00 to $900.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. DA Davidson lifted their target price on Meta Platforms from $650.00 to $825.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Scotiabank lifted their target price on Meta Platforms from $675.00 to $685.00 and gave the company a "sector perform" rating in a research note on Thursday, July 31st. Finally, Barclays lifted their price target on Meta Platforms from $640.00 to $810.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Three equities 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 company. Based on data from MarketBeat, Meta Platforms currently has a consensus rating of "Moderate Buy" and an average target price of $822.41.

Insider Transactions at Meta Platforms

In related news, COO Javier Olivan sold 517 shares of Meta Platforms stock in a transaction on Monday, September 8th. The stock was sold at an average price of $755.65, for a total transaction of $390,671.05. Following the completion of the sale, the chief operating officer owned 11,577 shares of the company's stock, valued at approximately $8,748,160.05. This trade represents a 4.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jennifer Newstead sold 519 shares of Meta Platforms stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $757.50, for a total value 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. The trade was a 1.63% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 256,921 shares of company stock worth $195,620,990 in the last ninety days. Company insiders own 13.61% of the company's stock.

Meta Platforms Stock Performance

Shares of META stock opened at $779.00 on Wednesday. Meta Platforms, Inc. has a 1-year low of $479.80 and a 1-year high of $796.25. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $1.96 trillion, a price-to-earnings ratio of 28.20, a P/E/G ratio of 1.58 and a beta of 1.24. The stock's fifty day simple moving average is $743.92 and its 200-day simple moving average is $663.34.

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 for the quarter, beating 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 business had revenue of $47.52 billion for the quarter, compared to the consensus estimate of $44.55 billion. During the same quarter in the previous year, the company posted $5.16 earnings per share. Meta Platforms's revenue for the quarter was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. On average, sell-side analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 22nd will be issued a dividend of $0.525 per share. The ex-dividend date is Monday, September 22nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. Meta Platforms's payout ratio is currently 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.

Want to see what other hedge funds are holding META? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Meta Platforms, Inc. (NASDAQ:META - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.