Meta Platforms, Inc. $META Position Lifted by Perfromance Wealth Partners LLC

Key Points

• Performance Wealth Partners LLC increased its stake in Meta Platforms by 0.9% during the second quarter, now holding nearly $51.6 million worth of the stock, making it the fund's 12th largest position.
• An array of analysts have given strong ratings for Meta, with target prices ranging from $800 to $920, as the stock maintains a consensus rating of "Buy."
• Meta Platforms recently announced a quarterly dividend of $0.525 per share, reflecting a low annual yield of 0.3% and revealing a strong dividend payout ratio of 7.60%.

Perfromance Wealth Partners LLC raised its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 0.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 69,927 shares of the social networking company's stock after acquiring an additional 609 shares during the quarter. Meta Platforms makes up 1.7% of Perfromance Wealth Partners LLC's portfolio, making the stock its 12th biggest position. Perfromance Wealth Partners LLC's holdings in Meta Platforms were worth $51,612,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the stock. Moran Wealth Management LLC boosted its stake in Meta Platforms by 1.5% during the 2nd quarter. Moran Wealth Management LLC now owns 30,525 shares of the social networking company's stock valued at $22,530,000 after acquiring an additional 449 shares during the last quarter. Cutler Investment Counsel LLC boosted its stake in Meta Platforms by 7.7% during the 2nd quarter. Cutler Investment Counsel LLC now owns 445 shares of the social networking company's stock valued at $328,000 after acquiring an additional 32 shares during the last quarter. Broad Peak Investment Advisers Pte Ltd bought a new position in Meta Platforms during the 2nd quarter valued at $47,238,000. Jag Capital Management LLC boosted its stake in Meta Platforms by 6.0% during the 2nd quarter. Jag Capital Management LLC now owns 77,788 shares of the social networking company's stock valued at $57,415,000 after acquiring an additional 4,385 shares during the last quarter. Finally, Cornerstone Wealth Group LLC raised its holdings in shares of Meta Platforms by 4.9% during the second quarter. Cornerstone Wealth Group LLC now owns 18,995 shares of the social networking company's stock worth $14,020,000 after purchasing an additional 882 shares during the period. 79.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on META shares. Cantor Fitzgerald reissued an "overweight" rating and set a $920.00 target price on shares of Meta Platforms in a report on Thursday, October 16th. Citizens Jmp increased their target price on shares of Meta Platforms from $750.00 to $900.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Piper Sandler increased their target price on shares of Meta Platforms from $808.00 to $880.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Citigroup reissued an "outperform" rating on shares of Meta Platforms in a report on Thursday, July 31st. Finally, Truist Financial set a $880.00 target price on shares of Meta Platforms in a report on Thursday, September 18th. Five equities research 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 stock. Based on data from MarketBeat, Meta Platforms presently has a consensus rating of "Buy" and an average target price of $829.66.

Meta Platforms Stock Up 0.1%

META stock opened at $734.00 on Friday. 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, Inc. has a fifty-two week low of $479.80 and a fifty-two week high of $796.25. The firm's 50-day simple moving average is $743.05 and its 200 day simple moving average is $688.52. The stock has a market cap of $1.84 trillion, a PE ratio of 26.57, a price-to-earnings-growth ratio of 1.53 and a beta of 1.20.

Meta Platforms (NASDAQ:META - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 earnings per share for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $44.55 billion. During the same quarter last year, the company earned $5.16 EPS. The company'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. As a group, sell-side analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, September 22nd. Meta Platforms's dividend payout ratio (DPR) is 7.60%.

Insider Buying and Selling

In other Meta Platforms news, COO Javier Olivan sold 517 shares of the firm's stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $721.30, for a total transaction of $372,912.10. Following the transaction, the chief operating officer owned 8,475 shares of the company's stock, valued at approximately $6,113,017.50. This trade represents a 5.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jennifer Newstead sold 519 shares of the firm's stock in a transaction dated Tuesday, October 21st. The shares were sold at an average price of $736.37, for a total transaction of $382,176.03. Following the transaction, the insider directly owned 28,275 shares in the company, valued at approximately $20,820,861.75. The trade was a 1.80% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 214,182 shares of company stock valued at $164,951,541 in the last quarter. Company insiders own 13.61% of the company's stock.

About Meta Platforms

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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