Spectrum Strategic Capital Management LLC Buys Shares of 4,005 Meta Platforms, Inc. $META

Spectrum Strategic Capital Management LLC bought a new stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 4,005 shares of the social networking company's stock, valued at approximately $2,956,000. Meta Platforms makes up about 1.5% of Spectrum Strategic Capital Management LLC's portfolio, making the stock its 14th biggest position.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Eagle Bluffs Wealth Management LLC boosted its position in shares of Meta Platforms by 0.7% in the 2nd quarter. Eagle Bluffs Wealth Management LLC now owns 4,087 shares of the social networking company's stock worth $3,017,000 after purchasing an additional 30 shares in the last quarter. Robbins Farley boosted its position in shares of Meta Platforms by 9.9% in the 2nd quarter. Robbins Farley now owns 7,344 shares of the social networking company's stock worth $5,421,000 after purchasing an additional 660 shares in the last quarter. Mainsail Financial Group LLC acquired a new stake in shares of Meta Platforms in the 2nd quarter worth $242,000. Bluesphere Advisors LLC boosted its position in shares of Meta Platforms by 5.5% in the 2nd quarter. Bluesphere Advisors LLC now owns 2,101 shares of the social networking company's stock worth $1,551,000 after purchasing an additional 110 shares in the last quarter. Finally, Hamilton Capital Partners LLC boosted its position in shares of Meta Platforms by 6.3% in the 2nd quarter. Hamilton Capital Partners LLC now owns 24,760 shares of the social networking company's stock worth $18,275,000 after purchasing an additional 1,473 shares in the last quarter. Institutional investors own 79.91% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Pivotal Research raised their price objective on Meta Platforms from $830.00 to $930.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Truist Financial set a $880.00 price objective on Meta Platforms in a research report on Thursday, September 18th. Loop Capital reissued a "buy" rating and issued a $980.00 price objective (up previously from $888.00) on shares of Meta Platforms in a research report on Tuesday, August 5th. Monness Crespi & Hardt raised their price objective on Meta Platforms from $780.00 to $860.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Finally, Barclays raised their price objective on Meta Platforms from $640.00 to $810.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Four analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $830.02.

Insider Buying and Selling

In other Meta Platforms news, insider Christopher K. Cox sold 60,000 shares of Meta Platforms stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $775.95, for a total transaction of $46,557,000.00. Following the completion of the transaction, the insider owned 237,205 shares in the company, valued at approximately $184,059,219.75. This trade represents a 20.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Mark Zuckerberg sold 15,847 shares of Meta Platforms stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $769.38, for a total value of $12,192,364.86. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 213,146 shares of company stock worth $164,209,720. Corporate insiders own 13.61% of the company's stock.

Meta Platforms Stock Performance

Shares of META opened at $715.66 on Tuesday. The stock has a 50-day moving average of $753.17 and a two-hundred day moving average of $676.91. Meta Platforms, Inc. has a one year low of $479.80 and a one year high of $796.25. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.97. The stock has a market cap of $1.80 trillion, a P/E ratio of 25.91, a P/E/G ratio of 1.48 and a beta of 1.20.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $47.52 billion during the quarter, compared to analysts' expectations of $44.55 billion. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The firm's revenue was up 21.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, research analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were paid a dividend of $0.525 per share. The ex-dividend date was Monday, September 22nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. Meta Platforms's dividend payout ratio (DPR) is presently 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.

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