Meta Platforms, Inc. $META Stock Position Raised by Diversify Advisory Services LLC

Key Points

• Diversify Advisory Services LLC increased its holdings in Meta Platforms, Inc. by 10.4% in Q2, now owning 55,431 shares worth $43.79 million.
• Meta Platforms recently reported earnings of $7.14 per share for the last quarter, exceeding analyst expectations and showing a 21.6% year-over-year revenue growth.
• The company announced a quarterly dividend of $0.525, resulting in an annualized payout and yield of 0.3%.

Diversify Advisory Services LLC grew its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 10.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 55,431 shares of the social networking company's stock after purchasing an additional 5,224 shares during the period. Meta Platforms makes up about 1.7% of Diversify Advisory Services LLC's holdings, making the stock its 9th biggest position. Diversify Advisory Services LLC's holdings in Meta Platforms were worth $43,790,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Kingstone Capital Partners Texas LLC increased its stake in Meta Platforms by 608,429.2% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 59,775,823 shares of the social networking company's stock valued at $44,119,937,000 after purchasing an additional 59,766,000 shares in the last quarter. Norges Bank acquired a new stake in Meta Platforms in the second quarter valued at $23,155,393,000. Laurel Wealth Advisors LLC increased its position in shares of Meta Platforms by 73,443.1% in the second quarter. Laurel Wealth Advisors LLC now owns 8,417,003 shares of the social networking company's stock valued at $6,212,506,000 after buying an additional 8,405,558 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Meta Platforms in the 1st quarter worth about $2,990,544,000. Finally, Assenagon Asset Management S.A. boosted its position in shares of Meta Platforms by 712.2% in the 1st quarter. Assenagon Asset Management S.A. now owns 2,537,631 shares of the social networking company's stock worth $1,462,589,000 after buying an additional 2,225,186 shares in the last quarter. 79.91% of the stock is owned by institutional investors and hedge funds.

Meta Platforms Trading Down 2.3%

META opened at $710.56 on Monday. The firm has a market capitalization of $1.79 trillion, a P/E ratio of 25.73, a P/E/G ratio of 1.48 and a beta of 1.20. The firm's 50 day moving average is $753.21 and its 200-day moving average is $676.07. Meta Platforms, Inc. has a 52-week low of $479.80 and a 52-week high of $796.25. 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 (NASDAQ:META - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share for the quarter, beating analysts' consensus estimates of $5.75 by $1.39. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The business had revenue of $47.52 billion during the quarter, compared to analyst estimates of $44.55 billion. During the same period last year, the business earned $5.16 EPS. The business's revenue was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. Analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The business also recently announced 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 of this dividend was Monday, September 22nd. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. Meta Platforms's payout ratio is presently 7.60%.

Insider Activity

In related news, COO Javier Olivan sold 517 shares of the company's stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $748.72, for a total transaction of $387,088.24. Following the sale, the chief operating officer directly owned 10,026 shares of the company's stock, valued at approximately $7,506,666.72. This represents a 4.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robert M. Kimmitt sold 465 shares of Meta Platforms stock in a transaction 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 directly owned 8,412 shares of the company's stock, valued at approximately $6,371,837.64. This represents a 5.24% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 213,665 shares of company stock worth $164,584,215. 13.61% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have issued reports on META. Hsbc Global Res raised shares of Meta Platforms from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 31st. Mizuho set a $925.00 target price on Meta Platforms and gave the company an "outperform" rating in a report on Monday, September 29th. Weiss Ratings reissued a "buy (b)" rating on shares of Meta Platforms in a report on Saturday, September 27th. BMO Capital Markets upped their price objective on Meta Platforms from $610.00 to $710.00 and gave the company a "market perform" rating in a research report on Thursday, July 31st. Finally, Loop Capital reiterated a "buy" rating and set a $980.00 price objective (up previously from $888.00) on shares of Meta Platforms in a research report on Tuesday, August 5th. Four analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $830.02.

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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