Summit Financial LLC Acquires 1,436 Shares of Meta Platforms, Inc. $META

Key Points

• Summit Financial LLC has increased its stake in Meta Platforms, Inc. by 2.5%, owning a total of 59,085 shares valued at approximately $34 million after acquiring an additional 1,436 shares in the first quarter.
• The stock recently traded down 1.2% at $739.10, with a market capitalization of $1.86 trillion and an EPS of $7.14, surpassing analysts' expectations.
• Institutional investors hold about 79.91% of Meta's shares, with several firms recently increasing their positions, indicating strong institutional interest in the company.

Summit Financial LLC boosted its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 2.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,085 shares of the social networking company's stock after purchasing an additional 1,436 shares during the period. Meta Platforms comprises 1.0% of Summit Financial LLC's portfolio, making the stock its 17th biggest holding. Summit Financial LLC's holdings in Meta Platforms were worth $34,054,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC increased its holdings in shares of Meta Platforms by 1.7% in the fourth quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock valued at $20,230,000 after purchasing an additional 570 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of Meta Platforms by 10.2% in the fourth quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company's stock valued at $5,537,000 after purchasing an additional 875 shares in the last quarter. Bank Pictet & Cie Europe AG increased its holdings in shares of Meta Platforms by 3.5% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 221,459 shares of the social networking company's stock valued at $129,666,000 after purchasing an additional 7,587 shares in the last quarter. Highview Capital Management LLC DE increased its holdings in shares of Meta Platforms by 3.7% in the fourth quarter. Highview Capital Management LLC DE now owns 6,189 shares of the social networking company's stock valued at $3,624,000 after purchasing an additional 218 shares in the last quarter. Finally, Benchstone Capital Management LP acquired a new stake in shares of Meta Platforms in the fourth quarter valued at approximately $23,749,000. Institutional investors own 79.91% of the company's stock.

Meta Platforms Trading Down 1.2%

META opened at $739.10 on Friday. The stock has a market capitalization of $1.86 trillion, a P/E ratio of 26.76, a P/E/G ratio of 1.55 and a beta of 1.27. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25. The firm's fifty day simple moving average is $728.87 and its 200 day simple moving average is $657.34. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, beating the consensus estimate of $5.75 by $1.39. The business had revenue of $47.52 billion for the quarter, compared to analysts' expectations of $44.55 billion. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The firm's revenue was up 21.6% compared to the same quarter last year. During the same period 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 anticipate 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 was paid on Thursday, June 26th. Investors of record on Monday, June 16th were given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Monday, June 16th. Meta Platforms's payout ratio is currently 7.60%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on META shares. Bank of America raised their price target on shares of Meta Platforms from $775.00 to $900.00 and gave the company a "buy" rating in a report on Thursday, July 31st. HSBC raised shares of Meta Platforms from a "hold" rating to a "buy" rating and lifted their target price for the stock from $610.00 to $900.00 in a report on Thursday, July 31st. Wells Fargo & Company lifted their target price on shares of Meta Platforms from $783.00 to $811.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Roth Capital lifted their target price on shares of Meta Platforms from $620.00 to $740.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Finally, Wedbush lifted their target price on shares of Meta Platforms from $750.00 to $920.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Three investment analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $822.41.

Insiders Place Their Bets

In other news, insider Jennifer Newstead sold 519 shares of the company's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $775.00, for a total value of $402,225.00. Following the sale, the insider directly owned 32,946 shares of the company's stock, valued at approximately $25,533,150. This represents a 1.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert M. Kimmitt sold 465 shares of the company's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $784.32, for a total transaction of $364,708.80. Following the completion of the sale, the director directly owned 8,877 shares in the company, valued at approximately $6,962,408.64. The trade was a 4.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 313,803 shares of company stock worth $235,276,424 in the last ninety days. 13.61% of the stock is owned by 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.

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