Meta Platforms, Inc. $META Shares Bought by Montz Harcus Wealth Management LLC

Montz Harcus Wealth Management LLC increased its stake in Meta Platforms, Inc. (NASDAQ:META) by 0.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,712 shares of the social networking company’s stock after purchasing an additional 37 shares during the period. Meta Platforms accounts for about 1.7% of Montz Harcus Wealth Management LLC’s portfolio, making the stock its 16th largest position. Montz Harcus Wealth Management LLC’s holdings in Meta Platforms were worth $3,478,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of META. Pachira Investments Inc. increased its stake in shares of Meta Platforms by 3.0% in the 2nd quarter. Pachira Investments Inc. now owns 488 shares of the social networking company’s stock valued at $360,000 after purchasing an additional 14 shares in the last quarter. Shelton Wealth Management LLC boosted its position in shares of Meta Platforms by 0.9% during the 2nd quarter. Shelton Wealth Management LLC now owns 1,764 shares of the social networking company’s stock worth $1,302,000 after purchasing an additional 15 shares during the period. Myecfo LLC grew its position in Meta Platforms by 2.0% in the 2nd quarter. Myecfo LLC now owns 776 shares of the social networking company’s stock valued at $573,000 after acquiring an additional 15 shares in the last quarter. Kooman & Associates increased its position in shares of Meta Platforms by 2.8% during the second quarter. Kooman & Associates now owns 544 shares of the social networking company’s stock worth $402,000 after acquiring an additional 15 shares during the period. Finally, Nabity Jensen Investment Management Inc raised its holdings in Meta Platforms by 1.1% in the second quarter. Nabity Jensen Investment Management Inc now owns 1,378 shares of the social networking company’s stock valued at $1,017,000 after acquiring an additional 15 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Insider Activity at Meta Platforms

In other news, insider Jennifer Newstead sold 519 shares of the stock in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of $716.98, for a total value of $372,112.62. Following the completion of the sale, the insider directly owned 29,313 shares of the company’s stock, valued at $21,016,834.74. This represents a 1.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Javier Olivan sold 517 shares of the business’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of $704.81, for a total transaction of $364,386.77. Following the transaction, the chief operating officer owned 9,509 shares in the company, valued at approximately $6,702,038.29. This represents a 5.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 214,182 shares of company stock worth $164,946,219. 13.61% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Scotiabank boosted their price target on shares of Meta Platforms from $675.00 to $685.00 and gave the company a “sector perform” rating in a research report on Thursday, July 31st. Mizuho set a $925.00 price objective on shares of Meta Platforms and gave the company an “outperform” rating in a research note on Monday, September 29th. Zacks Research downgraded shares of Meta Platforms from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. Loop Capital reaffirmed a “buy” rating and issued a $980.00 target price (up from $888.00) on shares of Meta Platforms in a research note on Tuesday, August 5th. Finally, Roth Capital upped their price objective on Meta Platforms from $620.00 to $740.00 and gave the stock a “buy” rating in a report on Tuesday, July 8th. Four 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $830.68.

Meta Platforms Stock Performance

Shares of META opened at $705.30 on Friday. Meta Platforms, Inc. has a 52-week low of $479.80 and a 52-week high of $796.25. The firm has a market capitalization of $1.77 trillion, a PE ratio of 25.54, a P/E/G ratio of 1.53 and a beta of 1.20. The firm has a 50-day moving average price of $752.20 and a 200 day moving average price of $678.77. 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 announced 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. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The business had revenue of $47.52 billion during the quarter, compared to analysts’ expectations of $44.55 billion. During the same quarter last year, the business posted $5.16 earnings per share. The company’s quarterly revenue was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. On average, sell-side analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

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

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.