Wealth Alliance Advisory Group LLC Buys 564 Shares of Meta Platforms, Inc. $META

Key Points

• Wealth Alliance Advisory Group LLC increased its stake in Meta Platforms by 11.2%, acquiring an additional 564 shares, bringing their total to 5,600 shares worth approximately $4.13 million.
• Meta Platforms reported a significant earnings beat for the last quarter, with $7.14 EPS compared to the estimated $5.75, while revenue surged by 21.6% year-over-year to $47.52 billion.
• Meta recently declared a quarterly dividend of $0.525 per share, representing a 0.3% yield, with the ex-dividend date set for September 22nd.

Wealth Alliance Advisory Group LLC raised its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 11.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,600 shares of the social networking company's stock after buying an additional 564 shares during the quarter. Meta Platforms comprises 0.8% of Wealth Alliance Advisory Group LLC's investment portfolio, making the stock its 29th largest holding. Wealth Alliance Advisory Group LLC's holdings in Meta Platforms were worth $4,133,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Teamwork Financial Advisors LLC lifted its holdings in shares of Meta Platforms by 1.4% during the second quarter. Teamwork Financial Advisors LLC now owns 34,437 shares of the social networking company's stock worth $25,465,000 after buying an additional 459 shares during the last quarter. Fox Hill Wealth Management lifted its holdings in shares of Meta Platforms by 2.9% during the second quarter. Fox Hill Wealth Management now owns 7,846 shares of the social networking company's stock worth $5,791,000 after buying an additional 222 shares during the last quarter. Value Partners Investments Inc. lifted its holdings in shares of Meta Platforms by 10.1% during the second quarter. Value Partners Investments Inc. now owns 698 shares of the social networking company's stock worth $514,000 after buying an additional 64 shares during the last quarter. Accelerate Investment Advisors LLC lifted its holdings in shares of Meta Platforms by 3.1% during the second quarter. Accelerate Investment Advisors LLC now owns 1,670 shares of the social networking company's stock worth $1,233,000 after buying an additional 50 shares during the last quarter. Finally, Wesbanco Bank Inc. lifted its holdings in shares of Meta Platforms by 9.9% during the second quarter. Wesbanco Bank Inc. now owns 84,919 shares of the social networking company's stock worth $62,678,000 after buying an additional 7,625 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Meta Platforms Stock Performance

Meta Platforms stock opened at $755.59 on Monday. 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 stock has a fifty day moving average price of $741.83 and a two-hundred day moving average price of $661.86. Meta Platforms, Inc. has a 52-week low of $479.80 and a 52-week high of $796.25. The firm has a market capitalization of $1.90 trillion, a P/E 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 (EPS) 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 firm had revenue of $47.52 billion during the quarter, compared to analyst estimates of $44.55 billion. During the same period in the prior year, the company posted $5.16 earnings per share. The business's revenue for the quarter was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Citigroup reiterated an "outperform" rating on shares of Meta Platforms in a report on Thursday, July 31st. BMO Capital Markets upped their price target on Meta Platforms from $610.00 to $710.00 and gave the stock a "market perform" rating in a report on Thursday, July 31st. Zacks Research lowered Meta Platforms from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Wells Fargo & Company upped their target price on Meta Platforms from $783.00 to $811.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Finally, Scotiabank upped their target price 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. Three research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $822.41.

Insiders Place Their Bets

In other Meta Platforms news, CFO Susan J. Li sold 18,332 shares of the 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 completion of the transaction, the chief financial officer directly owned 84,141 shares in the company, valued at $64,343,464.11. This represents a 17.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Mark Zuckerberg sold 15,847 shares of the stock in a transaction on Friday, August 1st. The stock was sold at an average price of $753.43, for a total value of $11,939,605.21. The disclosure for this sale can be found here. Insiders sold 268,505 shares of company stock worth $203,749,711 over the last three months. 13.61% of the stock is currently owned by corporate insiders.

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.

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