RPG Investment Advisory LLC Acquires 337 Shares of Meta Platforms, Inc. $META

Key Points

• RPG Investment Advisory LLC increased its holdings in Meta Platforms, Inc. by 92.8% during Q1, now owning 700 shares valued at $404,000.
• Meta Platforms reported a quarterly EPS of $7.14, surpassing analyst expectations by $1.39, with revenues of $47.52 billion, up 21.6% year-over-year.
• Several analysts have raised their price targets for Meta Platforms, with Royal Bank of Canada setting a new target at $840.00 and TD Cowen at $875.00, reflecting growing investor confidence.

RPG Investment Advisory LLC increased its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 92.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 700 shares of the social networking company's stock after acquiring an additional 337 shares during the quarter. RPG Investment Advisory LLC's holdings in Meta Platforms were worth $404,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Valley Financial Group Inc. lifted its holdings in shares of Meta Platforms by 2.4% during the fourth quarter. Valley Financial Group Inc. now owns 588 shares of the social networking company's stock worth $344,000 after buying an additional 14 shares during the last quarter. Lantern Wealth Advisors LLC grew its holdings in shares of Meta Platforms by 0.5% during the 4th quarter. Lantern Wealth Advisors LLC now owns 2,976 shares of the social networking company's stock worth $1,743,000 after purchasing an additional 14 shares in the last quarter. ABLE Financial Group LLC boosted its stake in Meta Platforms by 0.7% during the fourth 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. Mosaic Family Wealth Partners LLC increased its holdings in Meta Platforms by 1.2% in the 4th quarter. Mosaic Family Wealth Partners LLC now owns 1,435 shares of the social networking company's stock valued at $840,000 after buying an additional 17 shares during the period. Finally, Orin Green Financial LLC lifted its holdings in shares of Meta Platforms by 2.2% during the 4th quarter. Orin Green Financial LLC now owns 795 shares of the social networking company's stock worth $465,000 after acquiring an additional 17 shares during the period. 79.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

META has been the topic of a number of recent research reports. The Goldman Sachs Group lifted their price objective on Meta Platforms from $685.00 to $690.00 and gave the company a "buy" rating in a report on Thursday, May 1st. BMO Capital Markets increased their price objective on Meta Platforms from $610.00 to $710.00 and gave the stock a "market perform" rating in a research note on Thursday, July 31st. Susquehanna decreased their price objective on shares of Meta Platforms from $800.00 to $700.00 and set a "positive" rating on the stock in a research note on Thursday, May 1st. 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 research note on Thursday, July 31st. Finally, Needham & Company LLC upgraded Meta Platforms from an "underperform" rating to a "hold" rating in a research report on Thursday, July 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $822.41.

Meta Platforms Trading Up 2.1%

Shares of NASDAQ META traded up $15.69 during midday trading on Friday, hitting $754.79. The stock had a trading volume of 10,590,214 shares, compared to its average volume of 13,655,942. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.97 and a quick ratio of 1.97. 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 $1.90 trillion, a P/E ratio of 27.33, a price-to-earnings-growth ratio of 1.56 and a beta of 1.27. The company's 50-day simple moving average is $730.31 and its 200 day simple moving average is $656.98.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the company earned $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. Research analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Monday, June 16th were given a dividend of $0.525 per share. The ex-dividend date was Monday, June 16th. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. Meta Platforms's payout ratio is presently 7.60%.

Insider Activity

In other Meta Platforms news, CFO Susan J. Li sold 18,332 shares of Meta Platforms stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $764.71, for a total value of $14,018,663.72. Following the transaction, the chief financial officer owned 84,141 shares of the company's stock, valued at approximately $64,343,464.11. The trade was a 17.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Mark Zuckerberg sold 15,847 shares of the stock in a transaction on Friday, August 1st. The stock was sold at an average price of $753.43, for a total transaction of $11,939,605.21. The disclosure for this sale can be found here. Insiders have sold a total of 313,803 shares of company stock valued at $235,276,424 in the last 90 days. 13.61% of the stock is owned by company insiders.

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.