Spartan Planning & Wealth Management Acquires 1,945 Shares of Meta Platforms, Inc. $META

Key Points

• Spartan Planning & Wealth Management increased its holdings in Meta Platforms by 80.1%, acquiring an additional 1,945 shares to total 4,372 shares, which are now valued at approximately $3.2 million.
• Meta Platforms received several upgrades from analysts, including a price target increase from $825.00 to $900.00 by multiple brokerages, reflecting a consensus rating of "Moderate Buy."
• Insider transactions showed notable selling activity, with director Robert M. Kimmitt selling 465 shares at an average price of $757.47, indicating a 5.24% decrease in his position.

Spartan Planning & Wealth Management boosted its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 80.1% in the second quarter, according to its most recent filing with the SEC. The firm owned 4,372 shares of the social networking company's stock after acquiring an additional 1,945 shares during the period. Meta Platforms accounts for 2.8% of Spartan Planning & Wealth Management's portfolio, making the stock its 12th largest position. Spartan Planning & Wealth Management's holdings in Meta Platforms were worth $3,227,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in META. Csenge Advisory Group boosted its stake in Meta Platforms by 12.0% during the 1st quarter. Csenge Advisory Group now owns 9,539 shares of the social networking company's stock worth $5,498,000 after acquiring an additional 1,019 shares during the last quarter. ARQ Wealth Advisors LLC increased its stake in Meta Platforms by 4.5% in the first quarter. ARQ Wealth Advisors LLC now owns 785 shares of the social networking company's stock valued at $452,000 after purchasing an additional 34 shares in the last quarter. JMG Financial Group Ltd. acquired a new stake in Meta Platforms in the first quarter worth $284,000. Infusive Asset Management Inc. boosted its position in shares of Meta Platforms by 10.7% during the first quarter. Infusive Asset Management Inc. now owns 23,620 shares of the social networking company's stock worth $13,614,000 after purchasing an additional 2,285 shares in the last quarter. Finally, Spirepoint Private Client LLC grew its holdings in shares of Meta Platforms by 2.7% in the 2nd quarter. Spirepoint Private Client LLC now owns 4,080 shares of the social networking company's stock valued at $3,011,000 after buying an additional 109 shares during the period. Institutional investors and hedge funds own 79.91% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on META. Hsbc Global Res raised Meta Platforms from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 31st. Canaccord Genuity Group raised their price target on Meta Platforms from $825.00 to $850.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Citizens Jmp boosted their price objective on Meta Platforms from $750.00 to $900.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Raymond James Financial increased their target price on Meta Platforms from $750.00 to $900.00 and gave the stock a "strong-buy" rating in a research note on Thursday, July 31st. Finally, Bank of America lifted their price target on shares of Meta Platforms from $775.00 to $900.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Four 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. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $830.02.

Insider Buying and Selling

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 transaction of $352,223.55. Following the completion of the sale, the director owned 8,412 shares of the company's stock, valued at approximately $6,371,837.64. This represents a 5.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jennifer Newstead sold 519 shares of Meta Platforms stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $741.50, for a total transaction of $384,838.50. Following the completion of the transaction, the insider directly owned 29,832 shares in the company, valued at $22,120,428. This trade represents a 1.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 213,665 shares of company stock valued at $164,584,215 over the last quarter. 13.61% of the stock is owned by company insiders.

Meta Platforms Stock Down 2.3%

NASDAQ META opened at $710.56 on Monday. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15. The company has a market cap of $1.79 trillion, a price-to-earnings ratio of 25.73, a PEG ratio of 1.48 and a beta of 1.20. The company has a 50 day moving average of $753.21 and a 200-day moving average of $676.07. Meta Platforms, Inc. has a 1-year low of $479.80 and a 1-year high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.75 by $1.39. The business had revenue of $47.52 billion for the quarter, compared to the consensus estimate of $44.55 billion. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The firm's quarterly revenue was up 21.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. On average, equities research analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently declared 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 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 payout ratio is 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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