My Legacy Advisors LLC Buys 533 Shares of Meta Platforms, Inc. $META

Key Points

• My Legacy Advisors LLC increased its stake in Meta Platforms by 25.4% during the 2nd quarter, resulting in a total of 2,630 shares valued at approximately $1.9 million.
• CEO Mark Zuckerberg sold 15,847 shares of Meta stock for over $11.9 million, while insider Christopher K. Cox sold 60,000 shares worth approximately $46.6 million.
• Meta Platforms announced a quarterly dividend of $0.525 per share, with an ex-dividend date of September 22nd, representing a 0.3% yield for shareholders.

My Legacy Advisors LLC boosted its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 25.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,630 shares of the social networking company's stock after acquiring an additional 533 shares during the period. My Legacy Advisors LLC's holdings in Meta Platforms were worth $1,913,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in META. Kingstone Capital Partners Texas LLC boosted its holdings in shares of Meta Platforms by 608,429.2% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 59,775,823 shares of the social networking company's stock worth $44,119,937,000 after buying an additional 59,766,000 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Meta Platforms by 67,172.9% during the 1st quarter. GAMMA Investing LLC now owns 23,452,665 shares of the social networking company's stock worth $13,517,178,000 after buying an additional 23,417,803 shares in the last quarter. Nuveen LLC bought a new position in shares of Meta Platforms during the 1st quarter worth approximately $2,990,544,000. Assenagon Asset Management S.A. raised its position 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 worth $1,462,589,000 after purchasing an additional 2,225,186 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Meta Platforms during the fourth quarter worth approximately $1,162,918,000. 79.91% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Meta Platforms news, CEO Mark Zuckerberg sold 15,847 shares of the firm's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $753.43, for a total value of $11,939,605.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Christopher K. Cox sold 60,000 shares of the firm's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $775.95, for a total value of $46,557,000.00. Following the completion of the transaction, the insider owned 237,205 shares of the company's stock, valued at approximately $184,059,219.75. This represents a 20.19% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 256,886 shares of company stock worth $195,693,600 in the last quarter. 13.61% of the stock is owned by company insiders.

Meta Platforms Trading Down 1.7%

Shares of META opened at $765.16 on Tuesday. The business has a 50-day moving average of $747.94 and a 200 day moving average of $667.24. Meta Platforms, Inc. has a fifty-two week low of $479.80 and a fifty-two week high of $796.25. The firm has a market cap of $1.92 trillion, a P/E ratio of 27.70, a price-to-earnings-growth ratio of 1.62 and a beta of 1.24. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.97.

Meta Platforms (NASDAQ:META - Get Free Report) last issued 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. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The business had revenue of $47.52 billion during the quarter, compared to the consensus estimate of $44.55 billion. During the same quarter last year, the company earned $5.16 EPS. The firm's revenue was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, research analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Announces Dividend

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 $0.525 dividend. The ex-dividend date 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 currently 7.60%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on META shares. DA Davidson upped their target price on Meta Platforms from $650.00 to $825.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. UBS Group upped their target price on Meta Platforms from $812.00 to $897.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Hsbc Global Res raised Meta Platforms from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 31st. Guggenheim reaffirmed a "buy" rating and set a $800.00 target price (up from $725.00) on shares of Meta Platforms in a research report on Monday, July 28th. Finally, Scotiabank upped their target price on Meta Platforms from $675.00 to $685.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 31st. Three investment 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 data from MarketBeat, Meta Platforms currently has an average rating of "Moderate Buy" and a consensus price target 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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