Signal Advisors Wealth LLC Buys 2,222 Shares of Meta Platforms, Inc. $META

Key Points

• Signal Advisors Wealth LLC increased its stake in Meta Platforms by 45.0%, owning 7,162 shares valued at approximately $5.3 million.
• Meta Platforms reported earnings of $7.14 EPS for the latest quarter, exceeding expectations of $5.75, with the revenue reaching $47.52 billion.
• The company announced a quarterly dividend of $0.525 per share, resulting in a dividend yield of 0.3%, with an ex-dividend date set for September 22nd.

Signal Advisors Wealth LLC increased its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 45.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,162 shares of the social networking company's stock after purchasing an additional 2,222 shares during the quarter. Signal Advisors Wealth LLC's holdings in Meta Platforms were worth $5,286,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several research analysts have commented on META shares. Royal Bank Of Canada raised their price target on shares of Meta Platforms from $740.00 to $840.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Stifel Nicolaus raised their price target on shares of Meta Platforms from $845.00 to $900.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Raymond James Financial raised their price target on shares of Meta Platforms from $750.00 to $900.00 and gave the company a "strong-buy" rating in a report on Thursday, July 31st. Monness Crespi & Hardt raised their price target on shares of Meta Platforms from $780.00 to $860.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Finally, UBS Group lifted their price objective on shares of Meta Platforms from $812.00 to $897.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Three analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $826.05.

Insider Activity

In other Meta Platforms news, insider Jennifer Newstead sold 519 shares of the stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $767.16, for a total value of $398,156.04. Following the transaction, the insider directly owned 30,870 shares in the company, valued at approximately $23,682,229.20. This trade represents a 1.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert M. Kimmitt sold 465 shares of the stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $757.47, for a total transaction of $352,223.55. Following the completion of the transaction, the director owned 8,412 shares in the company, valued at $6,371,837.64. The trade was a 5.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 257,405 shares of company stock worth $196,059,438 over the last 90 days. 13.61% of the stock is currently owned by insiders.

Meta Platforms Trading Down 1.2%

Shares of NASDAQ:META traded down $9.06 during midday trading on Monday, hitting $768.80. 7,533,148 shares of the stock traded hands, compared to its average volume of 14,670,589. The stock has a market capitalization of $1.93 trillion, a PE ratio of 27.86, a P/E/G ratio of 1.62 and a beta of 1.24. The business's 50 day moving average is $747.06 and its two-hundred day moving average is $666.27. 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, Inc. has a one year low of $479.80 and a one year high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 EPS 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 firm had revenue of $47.52 billion during the quarter, compared to the consensus estimate of $44.55 billion. During the same period in the prior year, the firm posted $5.16 earnings per share. The company's quarterly 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, research analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Announces Dividend

The company 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 dividend payout ratio 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.