Annex Advisory Services LLC Has $96.52 Million Stock Holdings in Meta Platforms, Inc. $META

Annex Advisory Services LLC raised its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 11.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 130,770 shares of the social networking company’s stock after acquiring an additional 13,730 shares during the quarter. Meta Platforms makes up approximately 2.3% of Annex Advisory Services LLC’s holdings, making the stock its 9th biggest position. Annex Advisory Services LLC’s holdings in Meta Platforms were worth $96,520,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Arthur M. Cohen & Associates LLC grew its stake in shares of Meta Platforms by 0.9% in the second quarter. Arthur M. Cohen & Associates LLC now owns 11,167 shares of the social networking company’s stock valued at $8,242,000 after buying an additional 102 shares in the last quarter. Congress Park Capital LLC grew its stake in shares of Meta Platforms by 3.6% in the second quarter. Congress Park Capital LLC now owns 13,965 shares of the social networking company’s stock valued at $10,307,000 after buying an additional 488 shares in the last quarter. Ullmann Wealth Partners Group LLC grew its stake in shares of Meta Platforms by 6.5% in the second quarter. Ullmann Wealth Partners Group LLC now owns 2,396 shares of the social networking company’s stock valued at $1,769,000 after buying an additional 146 shares in the last quarter. Lincoln Capital LLC grew its stake in shares of Meta Platforms by 4.8% in the second quarter. Lincoln Capital LLC now owns 1,109 shares of the social networking company’s stock valued at $819,000 after buying an additional 51 shares in the last quarter. Finally, Halter Ferguson Financial Inc. grew its stake in shares of Meta Platforms by 4.7% in the second quarter. Halter Ferguson Financial Inc. now owns 400 shares of the social networking company’s stock valued at $295,000 after buying an additional 18 shares in the last quarter. 79.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on META. Truist Financial set a $880.00 target price on shares of Meta Platforms in a research note on Thursday, September 18th. DA Davidson lifted their price objective on shares of Meta Platforms from $650.00 to $825.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Royal Bank Of Canada lifted their price objective on shares of Meta Platforms from $740.00 to $840.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Wedbush lifted their price objective on shares of Meta Platforms from $750.00 to $920.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Finally, Citigroup reaffirmed an “outperform” rating on shares of Meta Platforms in a research report on Thursday, July 31st. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Meta Platforms has an average rating of “Moderate Buy” and an average target price of $826.05.

Meta Platforms Stock Down 1.3%

META stock opened at $755.40 on Wednesday. The company has a market cap of $1.90 trillion, a PE ratio of 27.35, a price-to-earnings-growth ratio of 1.60 and a beta of 1.24. The business has a 50-day simple moving average of $748.84 and a 200 day simple moving average of $667.85. Meta Platforms, Inc. has a 52 week low of $479.80 and a 52 week high of $796.25. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.15.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings results 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. The business had revenue of $47.52 billion during the quarter, compared to the consensus estimate of $44.55 billion. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.Meta Platforms’s revenue for the quarter was up 21.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. Sell-side analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.10 annualized dividend and a yield of 0.3%. Meta Platforms’s payout ratio is presently 7.60%.

Insiders Place Their Bets

In other Meta Platforms news, CFO Susan J. Li sold 18,332 shares of the business’s stock in a transaction dated 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 owned 84,141 shares of the company’s stock, valued at approximately $64,343,464.11. The trade was a 17.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christopher K. Cox sold 60,000 shares of the business’s 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 directly owned 237,205 shares of the company’s stock, valued at approximately $184,059,219.75. The trade was a 20.19% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 243,093 shares of company stock valued at $185,897,260. 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.