Heritage Investment Group Inc. Has $653,000 Stake in Meta Platforms, Inc. $META

Heritage Investment Group Inc. lifted its position in Meta Platforms, Inc. (NASDAQ:META) by 29.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 885 shares of the social networking company’s stock after purchasing an additional 200 shares during the quarter. Heritage Investment Group Inc.’s holdings in Meta Platforms were worth $653,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of META. Brighton Jones LLC raised its stake in shares of Meta Platforms by 1.7% in the fourth quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company’s stock valued at $20,230,000 after purchasing an additional 570 shares in the last quarter. Revolve Wealth Partners LLC raised its stake in shares of Meta Platforms by 10.2% in the fourth quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company’s stock valued at $5,537,000 after purchasing an additional 875 shares in the last quarter. Matrix Trust Co raised its stake in shares of Meta Platforms by 26.4% in the first quarter. Matrix Trust Co now owns 359 shares of the social networking company’s stock valued at $207,000 after purchasing an additional 75 shares in the last quarter. Annex Advisory Services LLC raised its stake in Meta Platforms by 40.0% during the first quarter. Annex Advisory Services LLC now owns 117,040 shares of the social networking company’s stock worth $67,457,000 after acquiring an additional 33,445 shares in the last quarter. Finally, Vest Financial LLC raised its stake in Meta Platforms by 801.3% during the first quarter. Vest Financial LLC now owns 84,599 shares of the social networking company’s stock worth $48,759,000 after acquiring an additional 75,213 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Robert M. Kimmitt sold 465 shares of the stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $757.47, for a total transaction of $352,223.55. Following the completion of the sale, the director directly owned 8,412 shares of the company’s stock, valued at approximately $6,371,837.64. This represents a 5.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jennifer Newstead sold 519 shares of the stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $741.50, for a total value of $384,838.50. Following the sale, the insider directly owned 29,832 shares of the company’s stock, valued at approximately $22,120,428. The trade was a 1.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 214,182 shares of company stock valued at $164,955,168. 13.61% of the stock is owned by corporate insiders.

Meta Platforms Trading Down 2.3%

NASDAQ:META opened at $710.56 on Friday. Meta Platforms, Inc. has a 1-year low of $479.80 and a 1-year high of $796.25. The business’s 50-day moving average price is $753.21 and its two-hundred day moving average price is $674.82. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $1.79 trillion, a price-to-earnings ratio of 25.73, a PEG ratio of 1.52 and a beta of 1.20.

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

Meta Platforms Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on META shares. Loop Capital reiterated a “buy” rating and set a $980.00 price objective (up from $888.00) on shares of Meta Platforms in a research note on Tuesday, August 5th. Sanford C. Bernstein increased their price objective on Meta Platforms from $775.00 to $900.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. Raymond James Financial increased their price objective on Meta Platforms from $750.00 to $900.00 and gave the stock a “strong-buy” rating in a research note on Thursday, July 31st. Zacks Research lowered Meta Platforms from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 19th. Finally, Wells Fargo & Company increased their price objective on Meta Platforms from $783.00 to $811.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. Four research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $830.02.

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.