Traction Financial Partners LLC Makes New $255,000 Investment in Meta Platforms, Inc. $META

Key Points

• Traction Financial Partners LLC has made a new investment of $255,000 in Meta Platforms, acquiring 345 shares during the second quarter according to their SEC filing.
• Meta Platforms reported a strong quarterly earnings performance, with an EPS of $7.14, exceeding analysts' expectations by $1.39 and a revenue increase of 21.6% year-over-year.
• Numerous analysts have raised their price targets for Meta Platforms, with consensus estimates ranging significantly, boosting investor confidence and reflecting a 'Moderate Buy' rating overall.

Traction Financial Partners LLC acquired a new position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 345 shares of the social networking company's stock, valued at approximately $255,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Csenge Advisory Group boosted its stake in Meta Platforms by 12.0% during the first quarter. Csenge Advisory Group now owns 9,539 shares of the social networking company's stock worth $5,498,000 after buying an additional 1,019 shares during the last quarter. ARQ Wealth Advisors LLC lifted its stake in shares of Meta Platforms by 4.5% in the 1st 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 during the last quarter. JMG Financial Group Ltd. acquired a new position in shares of Meta Platforms in the 1st quarter valued at $284,000. Infusive Asset Management Inc. lifted its stake in shares of Meta Platforms by 10.7% in the 1st quarter. Infusive Asset Management Inc. now owns 23,620 shares of the social networking company's stock valued at $13,614,000 after purchasing an additional 2,285 shares during the last quarter. Finally, Aspire Growth Partners LLC lifted its stake in shares of Meta Platforms by 7.3% in the 1st quarter. Aspire Growth Partners LLC now owns 662 shares of the social networking company's stock valued at $395,000 after purchasing an additional 45 shares during the last quarter. Institutional investors and hedge funds own 79.91% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Royal Bank Of Canada upped their price target on Meta Platforms from $740.00 to $840.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $920.00 price target on shares of Meta Platforms in a research note on Wednesday, September 17th. Morgan Stanley upped their price target on Meta Platforms from $750.00 to $850.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Scotiabank upped their price target on Meta Platforms from $675.00 to $685.00 and gave the company a "sector perform" rating in a research note on Thursday, July 31st. Finally, TD Cowen upped their price target on Meta Platforms from $800.00 to $875.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Three research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Meta Platforms presently has a consensus rating of "Moderate Buy" and an average target price of $826.05.

Meta Platforms Trading Down 0.7%

META opened at $743.75 on Friday. Meta Platforms, Inc. has a one year low of $479.80 and a one year high of $796.25. The company has a market cap of $1.87 trillion, a P/E ratio of 26.93, a PEG ratio of 1.55 and a beta of 1.24. 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 business's 50-day simple moving average is $751.74 and its 200-day simple moving average is $670.84.

Meta Platforms (NASDAQ:META - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $44.55 billion. During the same quarter in the prior year, the business posted $5.16 EPS. The business's revenue for the quarter was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, equities research analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.3%. Meta Platforms's dividend payout ratio is presently 7.60%.

Insiders Place Their Bets

In other news, insider Christopher K. Cox sold 60,000 shares of the stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $775.95, for a total value of $46,557,000.00. Following the transaction, the insider owned 237,205 shares in the company, valued at approximately $184,059,219.75. This represents a 20.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Andrew Bosworth sold 11,694 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $775.00, for a total value of $9,062,850.00. Following the completion of the transaction, the chief technology officer owned 1,799 shares in the company, valued at approximately $1,394,225. The trade was a 86.67% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 230,336 shares of company stock worth $176,625,049. Insiders own 13.61% of the company's stock.

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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