MinichMacGregor Wealth Management LLC Boosts Stock Position in Meta Platforms, Inc. $META

MinichMacGregor Wealth Management LLC increased its stake in Meta Platforms, Inc. (NASDAQ:META) by 22.9% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,083 shares of the social networking company’s stock after buying an additional 202 shares during the period. MinichMacGregor Wealth Management LLC’s holdings in Meta Platforms were worth $799,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Csenge Advisory Group raised its position in Meta Platforms by 12.0% in the 1st quarter. Csenge Advisory Group now owns 9,539 shares of the social networking company’s stock worth $5,498,000 after buying an additional 1,019 shares during the last quarter. ARQ Wealth Advisors LLC grew its stake in shares of Meta Platforms by 4.5% in the first quarter. ARQ Wealth Advisors LLC now owns 785 shares of the social networking company’s stock worth $452,000 after acquiring an additional 34 shares during the period. JMG Financial Group Ltd. purchased a new position in shares of Meta Platforms during the first quarter valued at approximately $284,000. Infusive Asset Management Inc. raised its holdings in shares of Meta Platforms by 10.7% during the first quarter. Infusive Asset Management Inc. now owns 23,620 shares of the social networking company’s stock valued at $13,614,000 after purchasing an additional 2,285 shares during the last quarter. Finally, Aspire Growth Partners LLC lifted its position in Meta Platforms by 7.3% during the first quarter. Aspire Growth Partners LLC now owns 662 shares of the social networking company’s stock valued at $395,000 after purchasing an additional 45 shares during the period. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Meta Platforms news, insider Jennifer Newstead sold 519 shares of the stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $769.20, for a total value of $399,214.80. Following the completion of the sale, the insider owned 30,351 shares in the company, valued at approximately $23,345,989.20. This represents a 1.68% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Javier Olivan sold 517 shares of the stock in a transaction on Monday, September 29th. The stock was sold at an average price of $748.72, for a total value of $387,088.24. Following the completion of the sale, the chief operating officer owned 10,026 shares of the company’s stock, valued at $7,506,666.72. The trade was a 4.90% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 213,663 shares of company stock worth $164,570,329. Corporate insiders own 13.61% of the company’s stock.

Meta Platforms Price Performance

Shares of Meta Platforms stock opened at $717.34 on Thursday. Meta Platforms, Inc. has a one year low of $479.80 and a one year high of $796.25. The stock’s fifty day moving average is $753.01 and its 200 day moving average is $673.09. The stock has a market cap of $1.80 trillion, a P/E ratio of 25.97, a P/E/G ratio of 1.53 and a beta of 1.20. 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 announced its earnings results on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, topping analysts’ consensus estimates of $5.75 by $1.39. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The company had revenue of $47.52 billion for the quarter, compared to analysts’ expectations of $44.55 billion. During the same period last year, the firm earned $5.16 EPS. Meta Platforms’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. Sell-side analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Monday, September 22nd. Meta Platforms’s dividend payout ratio is presently 7.60%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on META shares. DA Davidson lifted their target price 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. TD Cowen raised their price target on Meta Platforms from $800.00 to $875.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Wedbush lifted their price objective on Meta Platforms from $750.00 to $920.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. Raymond James Financial increased their target price on Meta Platforms from $750.00 to $900.00 and gave the company a “strong-buy” rating in a report on Thursday, July 31st. Finally, JPMorgan Chase & Co. boosted their price target on Meta Platforms from $795.00 to $875.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Four research analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $830.02.

Meta Platforms Company 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.