Teamwork Financial Advisors LLC Increases Holdings in Meta Platforms, Inc. $META

Key Points

• Teamwork Financial Advisors LLC increased its holdings in Meta Platforms, Inc. by 1.4% during the second quarter, owning a total of 34,437 shares valued at approximately $25.5 million.
• Insider Jennifer Newstead sold 519 shares of Meta for over $393,000, while COO Javier Olivan also sold shares, indicating fluctuations in insider ownership.
• Meta's quarterly earnings exceeded expectations, reporting $7.14 EPS compared to a consensus estimate of $5.75, signaling strong financial performance.

Teamwork Financial Advisors LLC boosted its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 1.4% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,437 shares of the social networking company's stock after acquiring an additional 459 shares during the quarter. Meta Platforms accounts for about 3.0% of Teamwork Financial Advisors LLC's investment portfolio, making the stock its 9th largest position. Teamwork Financial Advisors LLC's holdings in Meta Platforms were worth $25,465,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Fox Hill Wealth Management increased its stake in Meta Platforms by 2.9% in the 2nd quarter. Fox Hill Wealth Management now owns 7,846 shares of the social networking company's stock worth $5,791,000 after acquiring an additional 222 shares during the last quarter. Value Partners Investments Inc. increased its stake in Meta Platforms by 10.1% in the 2nd quarter. Value Partners Investments Inc. now owns 698 shares of the social networking company's stock worth $514,000 after acquiring an additional 64 shares during the last quarter. Accelerate Investment Advisors LLC increased its stake in Meta Platforms by 3.1% in the 2nd quarter. Accelerate Investment Advisors LLC now owns 1,670 shares of the social networking company's stock worth $1,233,000 after acquiring an additional 50 shares during the last quarter. Wesbanco Bank Inc. increased its stake in Meta Platforms by 9.9% in the 2nd quarter. Wesbanco Bank Inc. now owns 84,919 shares of the social networking company's stock worth $62,678,000 after acquiring an additional 7,625 shares during the last quarter. Finally, Verde Capital Management bought a new position in shares of Meta Platforms during the 2nd quarter valued at about $290,000. 79.91% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Meta Platforms news, insider Jennifer Newstead sold 519 shares of the stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $757.50, for a total value of $393,142.50. Following the completion of the sale, the insider owned 31,389 shares in the company, valued at approximately $23,777,167.50. This trade represents a 1.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Javier Olivan sold 517 shares of the stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $755.65, for a total value of $390,671.05. Following the completion of the sale, the chief operating officer owned 11,577 shares of the company's stock, valued at approximately $8,748,160.05. This trade represents a 4.27% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 268,505 shares of company stock worth $203,749,711. Corporate insiders own 13.61% of the company's stock.

Meta Platforms Trading Up 0.6%

Shares of META stock opened at $755.59 on Monday. Meta Platforms, Inc. has a 1-year low of $479.80 and a 1-year high of $796.25. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.97 and a quick ratio of 1.97. The business has a 50-day moving average of $741.83 and a 200 day moving average of $661.86. The stock has a market capitalization of $1.90 trillion, a PE ratio of 27.36, a P/E/G ratio of 1.56 and a beta of 1.24.

Meta Platforms (NASDAQ:META - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 earnings per share for the quarter, topping the consensus estimate of $5.75 by $1.39. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The business had revenue of $47.52 billion during the quarter, compared to analysts' expectations of $44.55 billion. During the same quarter last year, the business posted $5.16 EPS. The business's revenue was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, sell-side analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 22nd will be issued a $0.525 dividend. The ex-dividend date is Monday, September 22nd. This represents a $2.10 annualized dividend and a yield of 0.3%. Meta Platforms's dividend payout ratio (DPR) is 7.60%.

Analyst Ratings Changes

Several equities analysts have recently commented on META shares. JMP Securities increased their price objective on Meta Platforms from $750.00 to $900.00 and gave the company a "market outperform" rating in a research report on Thursday, July 31st. Loop Capital reiterated a "buy" rating and set a $980.00 price objective (up from $888.00) on shares of Meta Platforms in a research report on Tuesday, August 5th. Raymond James Financial increased their price objective on Meta Platforms from $750.00 to $900.00 and gave the company a "strong-buy" rating in a research report on Thursday, July 31st. Sanford C. Bernstein increased their price objective on Meta Platforms from $775.00 to $900.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Finally, Bank of America increased their price objective on Meta Platforms from $775.00 to $900.00 and gave the company a "buy" rating in a research 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 presently has an average rating of "Moderate Buy" and a consensus price target of $822.41.

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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