Meta Platforms, Inc. $META Shares Bought by Matrix Trust Co

Matrix Trust Co raised its holdings in Meta Platforms, Inc. (NASDAQ:META) by 35.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 488 shares of the social networking company’s stock after purchasing an additional 129 shares during the period. Matrix Trust Co’s holdings in Meta Platforms were worth $360,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in META. Inlight Wealth Management LLC purchased a new position in Meta Platforms during the first quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Meta Platforms during the 1st quarter worth about $28,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in Meta Platforms in the 1st quarter valued at about $33,000. JCIC Asset Management Inc. boosted its holdings in Meta Platforms by 102.6% in the 1st quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company’s stock worth $46,000 after buying an additional 40 shares during the last quarter. Finally, Piscataqua Savings Bank boosted its holdings in Meta Platforms by 433.3% in the 2nd quarter. Piscataqua Savings Bank now owns 80 shares of the social networking company’s stock worth $59,000 after buying an additional 65 shares during the last quarter. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on META. Guggenheim reiterated a “buy” rating and set a $800.00 price target (up from $725.00) on shares of Meta Platforms in a research report on Monday, July 28th. Roth Capital upped their target price on shares of Meta Platforms from $620.00 to $740.00 and gave the stock a “buy” rating in a report on Tuesday, July 8th. Pivotal Research increased their target price on shares of Meta Platforms from $830.00 to $930.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Barclays boosted their price target on shares of Meta Platforms from $640.00 to $810.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Finally, Morgan Stanley increased their price objective on shares of Meta Platforms from $750.00 to $850.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Three analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Meta Platforms presently has an average rating of “Moderate Buy” and a consensus price target of $826.05.

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 that occurred on Monday, September 15th. The stock was sold at an average price of $757.47, for a total value of $352,223.55. Following the transaction, the director owned 8,412 shares of the company’s stock, valued at approximately $6,371,837.64. The trade was a 5.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Javier Olivan sold 517 shares of the business’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $757.47, for a total transaction of $391,611.99. Following the completion of the transaction, the chief operating officer directly owned 11,060 shares in the company, valued at $8,377,618.20. This represents a 4.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 243,093 shares of company stock valued at $185,897,260 in the last ninety days. Insiders own 13.61% of the company’s stock.

Meta Platforms Price Performance

Shares of NASDAQ META opened at $755.40 on Wednesday. The stock’s 50-day simple moving average is $748.84 and its 200-day simple moving average is $667.85. The firm has a market capitalization 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. Meta Platforms, Inc. has a fifty-two week low of $479.80 and a fifty-two week high of $796.25. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.97.

Meta Platforms (NASDAQ:META) last issued its earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.75 by $1.39. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The business had revenue of $47.52 billion during the quarter, compared to analysts’ expectations of $44.55 billion. During the same quarter in the prior year, the business posted $5.16 EPS. The company’s revenue for the quarter was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, equities research analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Announces Dividend

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 given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 0.3%. The ex-dividend date is Monday, September 22nd. Meta Platforms’s payout ratio is 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.