Refined Wealth Management Makes New $272,000 Investment in Meta Platforms, Inc. $META

Key Points

• Refined Wealth Management has made a new investment of approximately $272,000 in Meta Platforms, acquiring 368 shares, which now represents 0.2% of its portfolio.
• Meta Platforms has seen significant increases in institutional ownership, with 79.91% of its stock held by institutional investors, as various hedge funds adjusted their positions in the second quarter.
• Meta Platforms recently announced a quarterly dividend of $0.525, translating to an annualized yield of 0.3%, following a strong earnings report that surpassed analysts' expectations.

Refined Wealth Management acquired a new position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 368 shares of the social networking company's stock, valued at approximately $272,000. Meta Platforms makes up approximately 0.2% of Refined Wealth Management's portfolio, making the stock its 24th biggest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Covenant Asset Management LLC increased its stake in shares of Meta Platforms by 123.5% in the second quarter. Covenant Asset Management LLC now owns 19,425 shares of the social networking company's stock valued at $14,337,000 after buying an additional 10,732 shares in the last quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH increased its stake in shares of Meta Platforms by 21.4% in the second quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 3,742 shares of the social networking company's stock valued at $2,762,000 after buying an additional 660 shares in the last quarter. Moss Adams Wealth Advisors LLC increased its stake in shares of Meta Platforms by 5.2% in the second quarter. Moss Adams Wealth Advisors LLC now owns 10,075 shares of the social networking company's stock valued at $7,437,000 after buying an additional 495 shares in the last quarter. GC Wealth Management RIA LLC increased its stake in shares of Meta Platforms by 871.8% in the second quarter. GC Wealth Management RIA LLC now owns 95,033 shares of the social networking company's stock valued at $70,143,000 after buying an additional 85,254 shares in the last quarter. Finally, Albion Financial Group UT increased its stake in shares of Meta Platforms by 0.7% in the second quarter. Albion Financial Group UT now owns 24,151 shares of the social networking company's stock valued at $17,826,000 after buying an additional 169 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Meta Platforms

In related news, insider Jennifer Newstead sold 519 shares of Meta Platforms stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $741.50, for a total value of $384,838.50. Following the sale, the insider owned 29,832 shares of the company's stock, valued at approximately $22,120,428. This trade represents a 1.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert M. Kimmitt sold 465 shares of the business's stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $757.47, for a total value of $352,223.55. Following the transaction, the director directly owned 8,412 shares in the company, valued at $6,371,837.64. This trade represents a 5.24% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 214,182 shares of company stock valued at $164,955,168. 13.61% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on META. HSBC upgraded Meta Platforms from a "hold" rating to a "buy" rating and raised their target price for the company from $610.00 to $900.00 in a research note on Thursday, July 31st. Citigroup restated an "outperform" rating on shares of Meta Platforms in a research note on Thursday, July 31st. Monness Crespi & Hardt raised their target price on Meta Platforms from $780.00 to $860.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Loop Capital restated a "buy" rating and issued a $980.00 target price (up from $888.00) on shares of Meta Platforms in a research note on Tuesday, August 5th. Finally, Needham & Company LLC upgraded Meta Platforms from an "underperform" rating to a "hold" rating in a report on Thursday, July 3rd. Four research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $830.02.

Meta Platforms Stock Down 2.3%

Shares of Meta Platforms stock opened at $710.56 on Friday. The business's 50 day simple moving average is $753.21 and its 200 day simple moving average is $675.45. Meta Platforms, Inc. has a 52-week low of $479.80 and a 52-week high of $796.25. The firm has a market cap of $1.79 trillion, a PE ratio of 25.73, a P/E/G ratio of 1.48 and a beta of 1.20. 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 announced 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 return on equity of 39.33% and a net margin of 39.99%.The business had revenue of $47.52 billion for the quarter, compared to analyst estimates of $44.55 billion. During the same quarter last year, the firm earned $5.16 EPS. Meta Platforms's revenue for the quarter was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. On average, analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis 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 currently 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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