GPM Growth Investors Inc. Purchases 93 Shares of Meta Platforms, Inc. $META

GPM Growth Investors Inc. boosted its position in Meta Platforms, Inc. (NASDAQ:META) by 1.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,819 shares of the social networking company’s stock after acquiring an additional 93 shares during the quarter. Meta Platforms accounts for 2.3% of GPM Growth Investors Inc.’s holdings, making the stock its 18th largest holding. GPM Growth Investors Inc.’s holdings in Meta Platforms were worth $5,771,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. May Hill Capital LLC boosted its holdings in shares of Meta Platforms by 6.7% in the 2nd quarter. May Hill Capital LLC now owns 5,285 shares of the social networking company’s stock valued at $3,901,000 after purchasing an additional 333 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd raised its holdings in shares of Meta Platforms by 63.8% during the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 12,556 shares of the social networking company’s stock worth $9,267,000 after buying an additional 4,889 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in shares of Meta Platforms by 21.0% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 426,598 shares of the social networking company’s stock worth $314,868,000 after buying an additional 73,900 shares during the last quarter. Alexander Labrunerie & CO. Inc. boosted its stake in Meta Platforms by 2.9% in the second quarter. Alexander Labrunerie & CO. Inc. now owns 1,631 shares of the social networking company’s stock valued at $1,204,000 after buying an additional 46 shares in the last quarter. Finally, Advisory Alpha LLC raised its stake in Meta Platforms by 13.0% during the second quarter. Advisory Alpha LLC now owns 9,530 shares of the social networking company’s stock worth $7,035,000 after acquiring an additional 1,095 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Meta Platforms

In other news, Director Robert M. Kimmitt sold 465 shares of the business’s stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $716.97, for a total value of $333,391.05. Following the transaction, the director directly owned 7,947 shares of the company’s stock, valued at $5,697,760.59. The trade was a 5.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Javier Olivan sold 517 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $656.00, for a total value of $339,152.00. Following the sale, the chief operating officer directly owned 7,441 shares of the company’s stock, valued at $4,881,296. This represents a 6.50% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 75,798 shares of company stock valued at $58,347,026. 13.61% of the stock is currently owned by insiders.

Meta Platforms Stock Performance

Shares of META stock opened at $621.71 on Friday. The stock has a market capitalization of $1.56 trillion, a PE ratio of 27.46, a PEG ratio of 1.37 and a beta of 1.20. The business’s 50 day simple moving average is $726.22 and its 200 day simple moving average is $701.11. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.98 and a quick ratio of 1.98. Meta Platforms, Inc. has a one year low of $479.80 and a one year high of $796.25.

Meta Platforms (NASDAQ:META) last released its quarterly earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.74 by $0.51. The firm had revenue of $51.24 billion during the quarter, compared to analyst estimates of $49.34 billion. Meta Platforms had a net margin of 30.89% and a return on equity of 39.35%. The company’s revenue was up 26.2% compared to the same quarter last year. During the same quarter last year, the business earned $6.03 EPS. Meta Platforms has set its Q4 2025 guidance at EPS. As a group, research analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were issued a $0.525 dividend. The ex-dividend date was Monday, September 22nd. This represents a $2.10 annualized dividend and a yield of 0.3%. Meta Platforms’s payout ratio is presently 9.28%.

Wall Street Analyst Weigh In

META has been the topic of a number of research analyst reports. KeyCorp reduced their price target on shares of Meta Platforms from $905.00 to $875.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Barclays cut their target price on shares of Meta Platforms from $810.00 to $770.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Oppenheimer cut Meta Platforms from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 30th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $870.00 target price (down from $900.00) on shares of Meta Platforms in a research report on Thursday, October 30th. Finally, Wedbush restated an “outperform” rating and set a $920.00 price target on shares of Meta Platforms in a report on Thursday, October 30th. Four research analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Meta Platforms has a consensus rating of “Moderate Buy” and an average target price of $827.60.

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.