Seneca House Advisors Buys Shares of 460 Meta Platforms, Inc. $META

Key Points

• Seneca House Advisors acquired a new stake in Meta Platforms, buying 460 shares valued at approximately $340,000.
• Meta's recent earnings report showed an impressive $7.14 EPS, surpassing analysts' expectations and reflecting a year-over-year revenue increase of 21.6%.
• The company announced a quarterly dividend of $0.525 per share, resulting in an annual yield of 0.3% and a payout ratio of 7.60%.

Seneca House Advisors bought a new stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 460 shares of the social networking company's stock, valued at approximately $340,000.

Several other large investors also recently added to or reduced their stakes in META. ABLE Financial Group LLC lifted its stake in shares of Meta Platforms by 0.7% in the fourth quarter. ABLE Financial Group LLC now owns 2,136 shares of the social networking company's stock valued at $1,251,000 after buying an additional 15 shares during the period. Cedar Point Capital Partners LLC lifted its stake in shares of 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 buying an additional 16 shares during the period. IAM Advisory LLC lifted its stake in shares of Meta Platforms by 0.9% in the second quarter. IAM Advisory LLC now owns 1,844 shares of the social networking company's stock valued at $1,361,000 after buying an additional 16 shares during the period. Mosaic Family Wealth Partners LLC lifted its stake in shares of Meta Platforms by 1.2% in the fourth 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 stake 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 buying an additional 17 shares during the period. 79.91% of the stock is owned by institutional investors and hedge funds.

Meta Platforms Trading Down 0.4%

Shares of NASDAQ:META opened at $775.72 on Thursday. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25. 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 company's fifty day simple moving average is $744.78 and its 200 day simple moving average is $664.12. The firm has a market cap of $1.95 trillion, a price-to-earnings ratio of 28.09, a PEG ratio of 1.61 and a beta of 1.24.

Meta Platforms (NASDAQ:META - Get Free Report) last issued 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. 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 for the quarter, compared to analyst estimates of $44.55 billion. During the same period last year, the business posted $5.16 earnings per share. The firm's quarterly revenue was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, research analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Investors 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 dividend yield of 0.3%. The ex-dividend date is Monday, September 22nd. Meta Platforms's dividend payout ratio (DPR) is presently 7.60%.

Insider Activity at Meta Platforms

In related news, CTO Andrew Bosworth sold 11,694 shares of the firm's 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 in the company, valued at $1,394,225. This trade represents a 86.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Javier Olivan sold 517 shares of the firm's stock in a transaction on Monday, September 15th. The stock was sold at an average price of $757.47, for a total transaction of $391,611.99. Following the sale, the chief operating officer owned 11,060 shares in the company, valued at approximately $8,377,618.20. The trade was a 4.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 257,903 shares of company stock valued at $196,364,826. Insiders own 13.61% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. TD Cowen increased their target price on shares of Meta Platforms from $800.00 to $875.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Wedbush raised their price target on shares of Meta Platforms from $750.00 to $920.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Pivotal Research raised their price target on shares of Meta Platforms from $830.00 to $930.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Scotiabank raised their price target on shares of Meta Platforms from $675.00 to $685.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 31st. Finally, Stifel Nicolaus raised their price target on shares of Meta Platforms from $845.00 to $900.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Three 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 company. Based on data from MarketBeat, Meta Platforms currently has a consensus rating of "Moderate Buy" and an average price target of $822.41.

About Meta Platforms

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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