TruWealth Advisors LLC Has $14.52 Million Stock Position in Meta Platforms, Inc. $META

Key Points

• TruWealth Advisors LLC increased its stake in Meta Platforms, Inc. by 6.6%, owning a total of 19,668 shares worth approximately $14.5 million.
• Several analysts have raised their price targets for Meta Platforms, with Piper Sandler increasing their target from $808.00 to $880.00 and giving the stock an "overweight" rating.
• Meta Platforms reported strong quarterly earnings, with $7.14 EPS exceeding analysts' estimates by $1.39 and achieving revenue of $47.52 billion, a 21.6% increase year-over-year.

TruWealth Advisors LLC boosted its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 6.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,668 shares of the social networking company's stock after buying an additional 1,219 shares during the period. TruWealth Advisors LLC's holdings in Meta Platforms were worth $14,517,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC raised its stake in shares of Meta Platforms by 67,172.9% in the first quarter. GAMMA Investing LLC now owns 23,452,665 shares of the social networking company's stock valued at $13,517,178,000 after purchasing an additional 23,417,803 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Meta Platforms during the 1st quarter valued at about $2,990,544,000. Assenagon Asset Management S.A. raised its position in Meta Platforms by 712.2% in the first quarter. Assenagon Asset Management S.A. now owns 2,537,631 shares of the social networking company's stock worth $1,462,589,000 after purchasing an additional 2,225,186 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Meta Platforms in the 4th quarter valued at approximately $1,162,918,000. Finally, Amundi boosted its stake in Meta Platforms by 23.5% in the 1st quarter. Amundi now owns 7,733,061 shares of the social networking company's stock valued at $4,111,050,000 after buying an additional 1,470,070 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on META shares. Hsbc Global Res upgraded shares of Meta Platforms from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 31st. Canaccord Genuity Group boosted their target price on Meta Platforms from $825.00 to $850.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Benchmark boosted their target price on Meta Platforms from $800.00 to $890.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Piper Sandler boosted their target price on Meta Platforms from $808.00 to $880.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Finally, Needham & Company LLC upgraded Meta Platforms from an "underperform" rating to a "hold" rating in a research report on Thursday, July 3rd. Three investment analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have issued 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

In related news, CTO Andrew Bosworth sold 11,694 shares of the company's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $775.00, for a total transaction of $9,062,850.00. Following the completion of the transaction, the chief technology officer directly owned 1,799 shares in the company, valued at $1,394,225. This represents a 86.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jennifer Newstead sold 519 shares of the company's stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $757.50, for a total transaction of $393,142.50. Following the transaction, the insider owned 31,389 shares of the company's stock, valued at approximately $23,777,167.50. This represents a 1.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 259,674 shares of company stock worth $197,549,274. 13.61% of the stock is owned by company insiders.

Meta Platforms Stock Performance

Shares of NASDAQ:META traded up $10.17 on Tuesday, hitting $774.87. The company had a trading volume of 7,121,851 shares, compared to its average volume of 14,683,210. Meta Platforms, Inc. has a 1-year low of $479.80 and a 1-year high of $796.25. The stock has a market cap of $1.95 trillion, a price-to-earnings ratio of 28.04, a P/E/G ratio of 1.56 and a beta of 1.24. The stock has a 50 day moving average price of $742.75 and a 200 day moving average price of $662.53. 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 announced its earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.75 by $1.39. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The firm had revenue of $47.52 billion for the quarter, compared to analyst estimates of $44.55 billion. During the same quarter in the prior year, the business posted $5.16 EPS. The business's revenue was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. Analysts expect that Meta Platforms, Inc. will post 26.7 EPS 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 paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Monday, September 22nd. Meta Platforms's payout ratio is 7.60%.

About Meta Platforms

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.