Meta Platforms, Inc. $META Stock Position Raised by Patriot Financial Group Insurance Agency LLC

Key Points

• Patriot Financial Group Insurance Agency LLC increased its stake in Meta Platforms by 18.5%, now holding 15,465 shares valued at approximately $11.4 million.
• Meta Platforms reported a Q2 EPS of $7.14, exceeding analyst estimates of $5.75, with a year-over-year revenue increase of 21.6% to $47.52 billion.
• The company recently announced a quarterly dividend of $0.525, representing an annualized dividend yield of 0.3% with a payout ratio of 7.60%.

Patriot Financial Group Insurance Agency LLC grew its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 18.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,465 shares of the social networking company's stock after buying an additional 2,417 shares during the quarter. Meta Platforms makes up approximately 1.3% of Patriot Financial Group Insurance Agency LLC's portfolio, making the stock its 11th largest position. Patriot Financial Group Insurance Agency LLC's holdings in Meta Platforms were worth $11,414,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Brighton Jones LLC boosted its stake in shares of Meta Platforms by 1.7% during the 4th quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock valued at $20,230,000 after buying an additional 570 shares during the period. Revolve Wealth Partners LLC lifted its position in shares of Meta Platforms by 10.2% during the 4th quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company's stock worth $5,537,000 after purchasing an additional 875 shares during the last quarter. GAMMA Investing LLC raised its stake in Meta Platforms by 16.7% during the 1st quarter. GAMMA Investing LLC now owns 40,691 shares of the social networking company's stock valued at $23,453,000 after purchasing an additional 5,829 shares during the last quarter. Trueblood Wealth Management LLC raised its position in shares of Meta Platforms by 32.7% during the first quarter. Trueblood Wealth Management LLC now owns 1,120 shares of the social networking company's stock valued at $646,000 after buying an additional 276 shares during the last quarter. Finally, MV Capital Management Inc. raised its stake in shares of Meta Platforms by 17.4% in the first quarter. MV Capital Management Inc. now owns 2,276 shares of the social networking company's stock valued at $1,312,000 after purchasing an additional 338 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Meta Platforms Price Performance

Shares of NASDAQ:META opened at $733.51 on Friday. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25. The stock has a market capitalization of $1.84 trillion, a PE ratio of 26.56, a PEG ratio of 1.50 and a beta of 1.20. 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 firm has a 50 day moving average of $753.09 and a 200-day moving average of $678.22.

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 company 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% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. On average, equities research analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were paid 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 dividend payout ratio is currently 7.60%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Roth Capital increased their price objective on Meta Platforms from $620.00 to $740.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. KeyCorp lifted their price objective on Meta Platforms from $800.00 to $905.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Barclays boosted their price target on shares of Meta Platforms from $640.00 to $810.00 and gave the company an "overweight" rating in a report on Friday, August 1st. BMO Capital Markets upped their target price on shares of Meta Platforms from $610.00 to $710.00 and gave the stock a "market perform" rating in a research note on Thursday, July 31st. Finally, Hsbc Global Res upgraded shares of Meta Platforms from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 31st. Four 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. According to MarketBeat.com, Meta Platforms presently has an average rating of "Moderate Buy" and a consensus target price of $830.68.

Insider Activity at Meta Platforms

In other news, Director Robert M. Kimmitt sold 465 shares of the stock in a transaction on Monday, September 15th. The shares were sold at an average price of $757.47, for a total transaction of $352,223.55. Following the completion of the sale, the director directly owned 8,412 shares in the company, valued at $6,371,837.64. This represents a 5.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jennifer Newstead sold 519 shares of the stock in a transaction dated Tuesday, October 7th. The stock was sold at an average price of $716.98, for a total value of $372,112.62. Following the sale, the insider owned 29,313 shares of the company's stock, valued at approximately $21,016,834.74. The trade was a 1.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 214,182 shares of company stock worth $164,946,219 over the last three months. Company insiders own 13.61% of the company's stock.

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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