Thurston Springer Miller Herd & Titak Inc. Buys 1,229 Shares of Meta Platforms, Inc. $META

Key Points

• Thurston Springer Miller Herd & Titak Inc. increased its holdings in Meta Platforms by 13.5% during Q2, now owning 10,342 shares valued at approximately $7.63 million.
• Meta Platforms reported $7.14 EPS for the last quarter, significantly outperforming analysts' estimates of $5.75, with revenues reaching $47.52 billion.
• The company announced a quarterly dividend of $0.525, which will be paid on September 29, reflecting a 0.3% annual yield and a payout ratio of 7.60%.

Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 13.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,342 shares of the social networking company's stock after acquiring an additional 1,229 shares during the period. Meta Platforms comprises 1.0% of Thurston Springer Miller Herd & Titak Inc.'s portfolio, making the stock its 12th largest holding. Thurston Springer Miller Herd & Titak Inc.'s holdings in Meta Platforms were worth $7,634,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Lantern Wealth Advisors LLC raised its position in shares of Meta Platforms by 0.5% in the fourth quarter. Lantern Wealth Advisors LLC now owns 2,976 shares of the social networking company's stock valued at $1,743,000 after buying an additional 14 shares during the last quarter. ABLE Financial Group LLC raised its position 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 last quarter. Cedar Point Capital Partners LLC grew its holdings in 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 purchasing an additional 16 shares during the period. Mosaic Family Wealth Partners LLC grew its holdings in 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 purchasing an additional 17 shares during the period. Finally, Orin Green Financial LLC grew its holdings in 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 purchasing an additional 17 shares during the period. Institutional investors and hedge funds own 79.91% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on META. Canaccord Genuity Group boosted their target price on shares of Meta Platforms from $825.00 to $850.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. Monness Crespi & Hardt increased their price objective on shares of Meta Platforms from $780.00 to $860.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Raymond James Financial increased their price objective on shares of Meta Platforms from $750.00 to $900.00 and gave the stock a "strong-buy" rating in a research report on Thursday, July 31st. Barclays increased their price objective on shares of Meta Platforms from $640.00 to $810.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $920.00 target price on shares of Meta Platforms in a research note on Wednesday, August 13th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, Meta Platforms has a consensus rating of "Moderate Buy" and an average target price of $822.41.

Insider Activity at Meta Platforms

In related news, COO Javier Olivan sold 517 shares of the business's stock in a transaction on Monday, September 8th. The shares were sold at an average price of $755.65, for a total transaction of $390,671.05. Following the transaction, the chief operating officer owned 11,577 shares of the company's stock, valued at approximately $8,748,160.05. The trade was a 4.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Susan J. Li sold 18,332 shares of Meta Platforms stock in a transaction on Monday, August 18th. The stock was sold at an average price of $764.71, for a total transaction of $14,018,663.72. Following the sale, the chief financial officer owned 84,141 shares in the company, valued at $64,343,464.11. This represents a 17.89% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 259,674 shares of company stock valued at $197,549,274. 13.61% of the stock is owned by company insiders.

Meta Platforms Stock Up 1.7%

NASDAQ META traded up $12.65 during trading hours on Tuesday, reaching $777.35. 7,531,129 shares of the company traded hands, compared to its average volume of 14,685,106. 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 50 day moving average of $742.75 and a two-hundred day moving average of $662.53. The stock has a market capitalization of $1.95 trillion, a PE ratio of 28.08, a PEG ratio of 1.56 and a beta of 1.24. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last released its earnings results 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 firm 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%. Meta Platforms's quarterly revenue was up 21.6% on a year-over-year basis. During the same quarter last year, the company earned $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, equities analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Dividend Announcement

The business also recently declared 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 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Monday, September 22nd. Meta Platforms's dividend payout ratio (DPR) is currently 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.