WealthPlan Investment Management LLC Buys 1,400 Shares of Meta Platforms, Inc. $META

Key Points

• WealthPlan Investment Management LLC increased its stake in Meta Platforms by 6.5%, acquiring an additional 1,400 shares, bringing their total to 22,939 shares valued at approximately $16.9 million.
• Several analysts have raised their price targets for Meta Platforms, with Bank of America and JMP Securities both setting targets as high as $900.00 and maintaining a "buy" rating.
• Insider trading activity included significant sales by CTO Andrew Bosworth and CEO Mark Zuckerberg, with a total of 214,182 shares sold valued at over $164 million in the last quarter.

WealthPlan Investment Management LLC raised its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 6.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,939 shares of the social networking company's stock after acquiring an additional 1,400 shares during the quarter. Meta Platforms comprises approximately 1.2% of WealthPlan Investment Management LLC's portfolio, making the stock its 18th biggest holding. WealthPlan Investment Management LLC's holdings in Meta Platforms were worth $16,931,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in META. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Meta Platforms in the first quarter worth $28,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Meta Platforms in the first quarter worth $33,000. Evergreen Private Wealth LLC increased its stake in Meta Platforms by 237.5% in the second quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company's stock valued at $40,000 after acquiring an additional 38 shares during the last quarter. JCIC Asset Management Inc. increased its stake in Meta Platforms by 102.6% in the first quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company's stock valued at $46,000 after acquiring an additional 40 shares during the last quarter. Finally, Maseco LLP bought a new position in Meta Platforms in the second quarter valued at $54,000. Hedge funds and other institutional investors own 79.91% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on META. Bank of America upped their price target on shares of Meta Platforms from $775.00 to $900.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. JMP Securities raised their price target on Meta Platforms from $750.00 to $900.00 and gave the stock a "market outperform" rating in a research note on Thursday, July 31st. Citizens Jmp raised their price objective on shares of Meta Platforms from $750.00 to $900.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Loop Capital restated a "buy" rating and issued a $980.00 price objective (up from $888.00) on shares of Meta Platforms in a report on Tuesday, August 5th. Finally, Royal Bank Of Canada lifted their target price on shares of Meta Platforms from $740.00 to $840.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Five investment analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $829.66.

Insider Buying and Selling at Meta Platforms

In other news, CTO Andrew Bosworth sold 11,694 shares of Meta Platforms stock in a transaction 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 transaction, the chief technology officer owned 1,799 shares in the company, valued at $1,394,225. This trade represents a 86.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Mark Zuckerberg sold 15,847 shares of Meta Platforms stock in a transaction on Monday, August 4th. The stock was sold at an average price of $769.38, for a total transaction of $12,192,364.86. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 214,182 shares of company stock worth $164,951,541. 13.61% of the stock is owned by insiders.

Meta Platforms Trading Up 0.6%

NASDAQ:META opened at $738.36 on Friday. 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, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25. The company has a market cap of $1.85 trillion, a PE ratio of 26.73, a price-to-earnings-growth ratio of 1.57 and a beta of 1.20. The company has a 50 day simple moving average of $742.11 and a two-hundred day simple moving average of $691.34.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its quarterly earnings results 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. The business 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%. The company's revenue was up 21.6% compared to the same quarter last year. During the same quarter last year, the company posted $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. Research analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were paid 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 was 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.

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