Meta Platforms, Inc. $META Stock Holdings Increased by Modern Wealth Management LLC

Key Points

• Modern Wealth Management LLC increased its holdings in Meta Platforms by 30.7% during Q1, owning a total of 8,537 shares valued at approximately $4.92 million.
• Several large investors significantly boosted their stakes in Meta, including GAMMA Investing LLC, which raised its holdings by an astonishing 67,172.9%, now owning over 23 million shares valued at approximately $13.52 billion.
• Meta Platforms reported $7.14 EPS for the latest quarter, exceeding analyst expectations by $1.39, with a revenue of $47.52 billion, marking a 21.6% year-over-year increase.

Modern Wealth Management LLC increased its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 30.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,537 shares of the social networking company's stock after acquiring an additional 2,004 shares during the quarter. Modern Wealth Management LLC's holdings in Meta Platforms were worth $4,921,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in META. GAMMA Investing LLC raised its holdings in shares of Meta Platforms by 67,172.9% during the first quarter. GAMMA Investing LLC now owns 23,452,665 shares of the social networking company's stock valued at $13,517,178,000 after acquiring an additional 23,417,803 shares during the period. Nuveen LLC acquired a new stake in shares of Meta Platforms during the first quarter valued at approximately $2,990,544,000. Assenagon Asset Management S.A. raised its holdings in shares of Meta Platforms by 712.2% during the first quarter. Assenagon Asset Management S.A. now owns 2,537,631 shares of the social networking company's stock valued at $1,462,589,000 after acquiring an additional 2,225,186 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Meta Platforms during the fourth quarter valued at approximately $1,162,918,000. Finally, Amundi raised its holdings in shares of Meta Platforms by 23.5% during the first quarter. Amundi now owns 7,733,061 shares of the social networking company's stock valued at $4,111,050,000 after acquiring an additional 1,470,070 shares during the period. Institutional investors and hedge funds own 79.91% of the company's stock.

Analyst Ratings Changes

META has been the topic of a number of recent analyst reports. UBS Group boosted their price target on shares of Meta Platforms from $812.00 to $897.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Cantor Fitzgerald reiterated an "overweight" rating and issued a $920.00 price objective on shares of Meta Platforms in a research note on Wednesday, August 13th. Raymond James Financial upped 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. Canaccord Genuity Group upped their price objective on shares of Meta Platforms from $825.00 to $850.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Finally, Piper Sandler upped their price objective on shares of Meta Platforms from $808.00 to $880.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Three analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $822.41.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, COO Javier Olivan sold 517 shares of the business's stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $755.65, for a total value of $390,671.05. Following the completion of the sale, the chief operating officer directly owned 11,577 shares of the company's stock, valued at $8,748,160.05. The trade was a 4.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jennifer Newstead sold 519 shares of the business's stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $757.50, for a total transaction of $393,142.50. Following the completion of the sale, the insider directly owned 31,389 shares of the company's stock, valued at $23,777,167.50. This represents a 1.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 283,280 shares of company stock valued at $214,119,908. 13.61% of the stock is currently owned by insiders.

Meta Platforms Stock Performance

META stock opened at $750.90 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. The company has a market capitalization of $1.89 trillion, a price-to-earnings ratio of 27.19, a P/E/G ratio of 1.55 and a beta of 1.24. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25. The firm has a 50 day moving average of $741.05 and a two-hundred day moving average of $661.24.

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

Meta Platforms Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 22nd will be given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Monday, September 22nd. Meta Platforms's payout ratio is currently 7.60%.

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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