New Insight Wealth Advisors Raises Holdings in Meta Platforms, Inc. $META

Key Points

• New Insight Wealth Advisors increased its holdings in Meta Platforms, Inc. by 9.1% during the second quarter, owning a total of 5,668 shares, which are valued at approximately $4,183,000.
• Wall Street analysts are bullish on Meta, with several firms, including Bank of America and Loop Capital, raising their price targets significantly, with consensus estimates around $830.02.
• In recent insider activity, CTO Andrew Bosworth and CFO Susan J. Li sold substantial amounts of Meta stock, indicating a combined decrease in ownership of about 17.89% and 86.67%, respectively.

New Insight Wealth Advisors increased its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 9.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,668 shares of the social networking company's stock after buying an additional 471 shares during the period. Meta Platforms comprises approximately 1.7% of New Insight Wealth Advisors' investment portfolio, making the stock its 16th biggest holding. New Insight Wealth Advisors' holdings in Meta Platforms were worth $4,183,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Csenge Advisory Group boosted its stake in Meta Platforms by 12.0% in the first quarter. Csenge Advisory Group now owns 9,539 shares of the social networking company's stock valued at $5,498,000 after acquiring an additional 1,019 shares in the last quarter. ARQ Wealth Advisors LLC boosted its position in shares of Meta Platforms by 4.5% in the 1st quarter. ARQ Wealth Advisors LLC now owns 785 shares of the social networking company's stock worth $452,000 after purchasing an additional 34 shares in the last quarter. JMG Financial Group Ltd. purchased a new position in Meta Platforms during the 1st quarter worth $284,000. Infusive Asset Management Inc. increased its position in Meta Platforms by 10.7% during the 1st quarter. Infusive Asset Management Inc. now owns 23,620 shares of the social networking company's stock valued at $13,614,000 after buying an additional 2,285 shares in the last quarter. Finally, Aspire Growth Partners LLC raised its stake in Meta Platforms by 7.3% in the first quarter. Aspire Growth Partners LLC now owns 662 shares of the social networking company's stock valued at $395,000 after buying an additional 45 shares during the last quarter. Institutional investors own 79.91% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Loop Capital restated a "buy" rating and set a $980.00 price objective (up previously from $888.00) on shares of Meta Platforms in a report on Tuesday, August 5th. Hsbc Global Res upgraded shares of Meta Platforms from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 31st. Bank of America raised their price target on shares of Meta Platforms from $775.00 to $900.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. TD Cowen boosted their price objective on shares of Meta Platforms from $800.00 to $875.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Finally, Monness Crespi & Hardt raised their target price on Meta Platforms from $780.00 to $860.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Three 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. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $830.02.

Insider Activity

In related news, CTO Andrew Bosworth sold 11,694 shares of the stock in a transaction on 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 sale, the chief technology officer directly owned 1,799 shares of the company's stock, valued at approximately $1,394,225. This represents a 86.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Susan J. Li sold 18,332 shares of Meta Platforms stock in a transaction on Monday, August 18th. The shares were sold at an average price of $764.71, for a total transaction of $14,018,663.72. Following the completion of the transaction, the chief financial officer directly owned 84,141 shares of the company's stock, valued at $64,343,464.11. The trade was a 17.89% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 213,146 shares of company stock valued at $164,183,241. 13.61% of the stock is currently owned by company insiders.

Meta Platforms Price Performance

Shares of META opened at $734.38 on Wednesday. The business's 50-day moving average is $752.94 and its two-hundred day moving average is $672.78. The company has a market capitalization of $1.84 trillion, a P/E ratio of 26.59, a P/E/G ratio of 1.55 and a beta of 1.24. Meta Platforms, Inc. has a fifty-two week low of $479.80 and a fifty-two week high of $796.25. 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 analysts' consensus estimates of $5.75 by $1.39. The firm had revenue of $47.52 billion for the quarter, compared to the consensus estimate of $44.55 billion. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The company's revenue was up 21.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. Research analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, September 22nd. Meta Platforms's payout ratio is 7.60%.

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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