Pacific Point Advisors LLC Raises Stock Position in Meta Platforms, Inc. $META

Key Points

• Pacific Point Advisors LLC increased its stake in Meta Platforms, Inc. by 77.5% during the second quarter, holding a total of 2,290 shares worth approximately $1.69 million.
• Multiple analysts have boosted their price targets for Meta Platforms, with Citizens JMP raising their target from $750 to $900, indicating strong investor confidence in the stock.
• Insider transactions included CEO Mark Zuckerberg selling 15,847 shares at an average price of $769.38, highlighting ongoing stock activity among company leadership.

Pacific Point Advisors LLC grew its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 77.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,290 shares of the social networking company's stock after buying an additional 1,000 shares during the period. Meta Platforms accounts for 0.9% of Pacific Point Advisors LLC's investment portfolio, making the stock its 23rd largest holding. Pacific Point Advisors LLC's holdings in Meta Platforms were worth $1,690,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Inlight Wealth Management LLC purchased a new position in shares of Meta Platforms during the first quarter worth about $25,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Meta Platforms in the 1st quarter valued at about $28,000. Evergreen Private Wealth LLC boosted its position in shares of Meta Platforms by 237.5% in the 2nd quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company's stock valued at $40,000 after purchasing an additional 38 shares during the period. MJT & Associates Financial Advisory Group Inc. purchased a new position in Meta Platforms during the 1st quarter worth approximately $33,000. Finally, Maseco LLP acquired a new position in Meta Platforms during the second quarter worth approximately $54,000. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

META has been the subject of several research analyst reports. Citizens Jmp increased their price objective on Meta Platforms from $750.00 to $900.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Pivotal Research upped their price target on shares of Meta Platforms from $830.00 to $930.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Morgan Stanley increased their price target on shares of Meta Platforms from $750.00 to $850.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. JMP Securities lifted their price objective on shares of Meta Platforms from $750.00 to $900.00 and gave the company a "market outperform" rating in a research note on Thursday, July 31st. Finally, HSBC raised shares of Meta Platforms from a "hold" rating to a "buy" rating and upped their target price for the company from $610.00 to $900.00 in a report on Thursday, July 31st. Four equities research 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 stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $830.61.

Insider Transactions at Meta Platforms

In related news, insider Christopher K. Cox sold 60,000 shares of the business's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $775.95, for a total value of $46,557,000.00. Following the sale, the insider directly owned 237,205 shares in the company, valued at $184,059,219.75. The trade was a 20.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mark Zuckerberg sold 15,847 shares of the stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $769.38, for a total transaction of $12,192,364.86. The disclosure for this sale can be found here. In the last ninety days, insiders sold 213,146 shares of company stock valued at $164,209,720. Company insiders own 13.61% of the company's stock.

Meta Platforms Stock Down 0.4%

Shares of NASDAQ META opened at $713.08 on Wednesday. The stock has a market capitalization of $1.79 trillion, a price-to-earnings ratio of 25.82, a price-to-earnings-growth ratio of 1.49 and a beta of 1.20. Meta Platforms, Inc. has a 52 week low of $479.80 and a 52 week high of $796.25. The firm has a 50-day moving average price of $753.44 and a 200 day moving average price of $677.16. 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 issued its earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) 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 company had revenue of $47.52 billion during the quarter, compared to analysts' expectations of $44.55 billion. During the same period last year, the company posted $5.16 earnings per share. The firm's quarterly revenue was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. Equities research analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were paid a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Monday, September 22nd. Meta Platforms's dividend payout ratio (DPR) is presently 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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