Meta Platforms, Inc. $META Shares Acquired by Wealthcare Advisory Partners LLC

Key Points

• Wealthcare Advisory Partners LLC increased its stake in Meta Platforms, Inc. by 7.2%, holding a total of 14,898 shares worth approximately $10.99 million.
• Insider transactions revealed significant stock sales: CTO Andrew Bosworth sold 11,694 shares while another insider, Christopher K. Cox, sold 60,000 shares, indicating changes in ownership dynamics.
• Equities research analysts have raised their price targets for Meta Platforms, with estimates ranging from $800 to $900, reflecting a bullish outlook for the company's performance.

Wealthcare Advisory Partners LLC grew its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 7.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,898 shares of the social networking company's stock after acquiring an additional 1,001 shares during the quarter. Wealthcare Advisory Partners LLC's holdings in Meta Platforms were worth $10,996,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Inlight Wealth Management LLC acquired a new stake in shares of Meta Platforms in the first quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Meta Platforms in the first quarter valued at approximately $28,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Meta Platforms in the first quarter valued at approximately $33,000. Evergreen Private Wealth LLC boosted its holdings in shares of Meta Platforms by 237.5% in the second quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company's stock valued at $40,000 after acquiring an additional 38 shares during the period. Finally, JCIC Asset Management Inc. lifted its holdings in shares of Meta Platforms by 102.6% during the first quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company's stock worth $46,000 after purchasing an additional 40 shares during the period. 79.91% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Meta Platforms

In other news, CTO Andrew Bosworth sold 11,694 shares of the firm's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $775.00, for a total value of $9,062,850.00. Following the completion of the transaction, the chief technology officer owned 1,799 shares in the company, valued at $1,394,225. This trade represents a 86.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Christopher K. Cox sold 60,000 shares of the firm's stock in a transaction on 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 completion of the transaction, the insider owned 237,205 shares of the company's stock, valued at approximately $184,059,219.75. This represents a 20.19% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 213,665 shares of company stock worth $164,575,272. Corporate insiders own 13.61% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. DA Davidson increased their price target on Meta Platforms from $650.00 to $825.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Robert W. Baird increased their price target on Meta Platforms from $635.00 to $740.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. Guggenheim reaffirmed a "buy" rating and set a $800.00 price target (up from $725.00) on shares of Meta Platforms in a report on Monday, July 28th. JMP Securities increased their price target on Meta Platforms from $750.00 to $900.00 and gave the stock a "market outperform" rating in a report on Thursday, July 31st. Finally, Truist Financial set a $880.00 price target on Meta Platforms in a report on Thursday, September 18th. Four research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $830.68.

Meta Platforms Trading Down 3.8%

NASDAQ:META opened at $705.30 on Monday. The stock has a fifty day moving average price of $752.20 and a two-hundred day moving average price of $679.78. The stock has a market capitalization of $1.77 trillion, a price-to-earnings ratio of 25.54, a PEG ratio of 1.47 and a beta of 1.20. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.97. Meta Platforms, Inc. has a 1 year low of $479.80 and a 1 year high of $796.25.

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 (EPS) for the quarter, topping the consensus estimate of $5.75 by $1.39. The firm had revenue of $47.52 billion during the quarter, compared to analysts' expectations of $44.55 billion. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.Meta Platforms's revenue was up 21.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, sell-side analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were given a $0.525 dividend. The ex-dividend date was 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 (DPR) is currently 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.

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