Meta Platforms, Inc. $META Stock Holdings Lifted by Fortitude Family Office LLC

Key Points

• Fortitude Family Office LLC increased its holdings in Meta Platforms by 61.1% during Q2, owning 1,645 shares valued at approximately $1.21 million.
• Company insiders have sold 230,336 shares worth about $176.6 million in the last quarter, reflecting significant insider trading activity.
• Meta Platforms announced a quarterly dividend of $0.525 per share, with a record date of September 22nd, indicating a yield of 0.3%.

Fortitude Family Office LLC lifted its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 61.1% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 1,645 shares of the social networking company's stock after buying an additional 624 shares during the quarter. Fortitude Family Office LLC's holdings in Meta Platforms were worth $1,214,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Hofer & Associates. Inc bought a new position in shares of Meta Platforms in the 2nd quarter worth about $568,000. Bank of Stockton lifted its position in shares of Meta Platforms by 0.5% in the 2nd quarter. Bank of Stockton now owns 4,543 shares of the social networking company's stock worth $3,353,000 after buying an additional 23 shares during the last quarter. ACT Advisors LLC. lifted its position in shares of Meta Platforms by 8.5% in the 2nd quarter. ACT Advisors LLC. now owns 1,215 shares of the social networking company's stock worth $897,000 after buying an additional 95 shares during the last quarter. CGN Advisors LLC lifted its position in shares of Meta Platforms by 3.9% in the 2nd quarter. CGN Advisors LLC now owns 9,615 shares of the social networking company's stock worth $7,097,000 after buying an additional 362 shares during the last quarter. Finally, Wealth Advisory Solutions LLC bought a new position in shares of Meta Platforms in the 2nd quarter worth about $203,000. 79.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Meta Platforms

In other news, insider Christopher K. Cox sold 60,000 shares of the firm's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $775.95, for a total transaction of $46,557,000.00. Following the completion of the transaction, the insider owned 237,205 shares in the company, valued at approximately $184,059,219.75. This trade represents a 20.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CTO Andrew Bosworth sold 11,694 shares of the firm's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $775.00, for a total transaction of $9,062,850.00. Following the transaction, the chief technology officer owned 1,799 shares of the company's stock, valued at approximately $1,394,225. This trade represents a 86.67% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 230,336 shares of company stock worth $176,625,049. Company insiders own 13.61% of the company's stock.

Meta Platforms Stock Down 0.7%

Meta Platforms stock opened at $743.75 on Friday. The stock has a market cap of $1.87 trillion, a price-to-earnings ratio of 26.93, a PEG ratio of 1.56 and a beta of 1.24. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15. The company's 50-day moving average price is $751.74 and its two-hundred day moving average price is $670.49. Meta Platforms, Inc. has a 52 week low of $479.80 and a 52 week high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last released its earnings results 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. The firm had revenue of $47.52 billion for the quarter, compared to analysts' expectations of $44.55 billion. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. Meta Platforms's quarterly revenue was up 21.6% on a year-over-year basis. During the same quarter last year, the company earned $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. On average, analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

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

Analyst Ratings Changes

A number of research firms have recently issued reports on META. Piper Sandler raised their price target on shares of Meta Platforms from $808.00 to $880.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. JPMorgan Chase & Co. increased their price objective on shares of Meta Platforms from $795.00 to $875.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Robert W. Baird increased their price objective on shares of Meta Platforms from $635.00 to $740.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. Pivotal Research increased their price objective on shares of Meta Platforms from $830.00 to $930.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Finally, HSBC raised shares of Meta Platforms from a "hold" rating to a "buy" rating and increased their price objective for the stock from $610.00 to $900.00 in a report on Thursday, July 31st. Three equities 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 company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $826.05.

Meta Platforms Company 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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