RFG Holdings Inc. Acquires 481 Shares of Meta Platforms, Inc. $META

Key Points

• RFG Holdings Inc. increased its stake in Meta Platforms by 20.1%, acquiring an additional 481 shares during the second quarter, which now represents 0.6% of its investment portfolio.
• Several institutional investors, including GAMMA Investing LLC and Goldman Sachs, have also substantially increased their ownership of Meta, indicating strong institutional interest in the company with 79.91% of the stock now held by such investors.
• Meta Platforms reported earnings of $7.14 per share for the last quarter, significantly exceeding analysts' expectations, alongside a revenue of $47.52 billion, contributing to its strong financial performance.

RFG Holdings Inc. increased its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 20.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,870 shares of the social networking company's stock after purchasing an additional 481 shares during the quarter. Meta Platforms accounts for 0.6% of RFG Holdings Inc.'s holdings, making the stock its 21st biggest holding. RFG Holdings Inc.'s holdings in Meta Platforms were worth $2,119,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of META. ABLE Financial Group LLC grew its position in shares of Meta Platforms by 0.7% during the 4th quarter. ABLE Financial Group LLC now owns 2,136 shares of the social networking company's stock worth $1,251,000 after buying an additional 15 shares in the last quarter. Cedar Point Capital Partners LLC lifted its holdings in Meta Platforms by 2.2% in the first quarter. Cedar Point Capital Partners LLC now owns 752 shares of the social networking company's stock valued at $433,000 after acquiring an additional 16 shares during the period. IAM Advisory LLC increased its stake in shares of Meta Platforms by 0.9% in the 2nd quarter. IAM Advisory LLC now owns 1,844 shares of the social networking company's stock valued at $1,361,000 after purchasing an additional 16 shares in the last quarter. Orin Green Financial LLC grew its position in shares of Meta Platforms by 2.2% in the fourth quarter. Orin Green Financial LLC now owns 795 shares of the social networking company's stock valued at $465,000 after purchasing an additional 17 shares during the period. Finally, Sage Private Wealth Group LLC raised its stake in Meta Platforms by 3.9% in the 1st quarter. Sage Private Wealth Group LLC now owns 453 shares of the social networking company's stock valued at $261,000 after purchasing an additional 17 shares during the last quarter. Hedge funds and other institutional investors own 79.91% of the company's stock.

Insider Activity at Meta Platforms

In other news, Director Robert M. Kimmitt sold 465 shares of the company's stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $757.47, for a total value of $352,223.55. Following the completion of the transaction, the director 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 Securities & Exchange Commission, which is available through the SEC website. Also, COO Javier Olivan sold 517 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 $391,611.99. Following the completion of the sale, the chief operating officer owned 11,060 shares of the company's stock, valued at approximately $8,377,618.20. This represents a 4.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 257,922 shares of company stock worth $196,412,792 in the last ninety days. Company insiders own 13.61% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on META. DA Davidson increased their target price on shares of Meta Platforms from $650.00 to $825.00 and gave the stock a "buy" rating 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. Pivotal Research raised their price objective on Meta Platforms from $830.00 to $930.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Needham & Company LLC raised Meta Platforms from an "underperform" rating to a "hold" rating in a report on Thursday, July 3rd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Meta Platforms from $795.00 to $875.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $826.05.

Meta Platforms Stock Performance

META stock traded down $1.87 during midday trading on Friday, hitting $778.38. 22,494,703 shares of the company traded hands, compared to its average volume of 9,174,566. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.15. The business has a 50 day simple moving average of $747.06 and a 200-day simple moving average of $666.00. The stock has a market capitalization of $1.96 trillion, a price-to-earnings ratio of 28.18, a price-to-earnings-growth ratio of 1.62 and a beta of 1.24. Meta Platforms, Inc. has a twelve month low of $479.80 and a twelve month high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last released its earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share for the quarter, beating the consensus estimate of $5.75 by $1.39. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The business had revenue of $47.52 billion during the quarter, compared to analysts' expectations of $44.55 billion. During the same quarter last year, the company earned $5.16 earnings per share. The firm's revenue was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, equities research analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Announces Dividend

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

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.