Meta Platforms, Inc. $META Shares Purchased by CreativeOne Wealth LLC

Key Points

• CreativeOne Wealth LLC increased its stake in Meta Platforms, Inc. by 17.0% during the first quarter, holding 35,097 shares worth approximately $20.2 million.
• Institutional investors and hedge funds now own 79.91% of Meta Platforms' stock, indicating strong confidence in the company's future.
• Meta reported $7.14 EPS for the last quarter, surpassing the consensus estimate by $1.39, with revenue reaching $47.52 billion.

CreativeOne Wealth LLC raised its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 17.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,097 shares of the social networking company's stock after acquiring an additional 5,093 shares during the quarter. CreativeOne Wealth LLC's holdings in Meta Platforms were worth $20,228,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Inlight Wealth Management LLC purchased a new stake in Meta Platforms in the 1st quarter worth approximately $25,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Meta Platforms in the first quarter valued at $28,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in Meta Platforms in the first quarter valued at $33,000. JCIC Asset Management Inc. lifted its position in 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 buying an additional 40 shares during the period. Finally, Stuart Chaussee & Associates Inc. purchased a new stake in Meta Platforms in the 4th quarter valued at about $47,000. Institutional investors and hedge funds own 79.91% of the company's stock.

Insider Activity at Meta Platforms

In other news, CEO Mark Zuckerberg sold 15,847 shares of the company's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $753.43, for a total transaction of $11,939,605.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Susan J. Li sold 18,332 shares of Meta Platforms stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $764.71, for a total value of $14,018,663.72. Following the completion of the transaction, the chief financial officer directly owned 84,141 shares in the company, valued at $64,343,464.11. This represents a 17.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold 312,767 shares of company stock worth $234,618,139 in the last 90 days. Corporate insiders own 13.61% of the company's stock.

Meta Platforms Trading Up 0.1%

NASDAQ META opened at $754.10 on Wednesday. The company's fifty day moving average price is $732.47 and its two-hundred day moving average price is $657.92. The company has a market capitalization of $1.89 trillion, a price-to-earnings ratio of 27.30, a price-to-earnings-growth ratio of 1.56 and a beta of 1.27. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.97 and a quick ratio of 1.97.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, topping analysts' consensus estimates of $5.75 by $1.39. The business had revenue of $47.52 billion during the quarter, compared to the consensus estimate of $44.55 billion. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The company's revenue for the quarter was up 21.6% compared to the same quarter last year. During the same period last year, the firm earned $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, research analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The business 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. The ex-dividend date of this dividend was Monday, June 16th. This represents a $2.10 annualized dividend and a yield of 0.3%. Meta Platforms's dividend payout ratio is presently 7.60%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on META. Royal Bank Of Canada increased their price objective on shares of Meta Platforms from $740.00 to $840.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Raymond James Financial boosted their price objective on shares of Meta Platforms from $750.00 to $900.00 and gave the company a "strong-buy" rating in a research note on Thursday, July 31st. Guggenheim restated a "buy" rating and set a $800.00 price objective (up from $725.00) on shares of Meta Platforms in a report on Monday, July 28th. Stifel Nicolaus lifted their target price on Meta Platforms from $845.00 to $900.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Finally, TD Securities dropped their target price on shares of Meta Platforms from $725.00 to $700.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Three research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $822.41.

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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