RMG Wealth Management LLC Makes New $255,000 Investment in Meta Platforms, Inc. $META

RMG Wealth Management LLC bought a new stake in shares of Meta Platforms, Inc. (NASDAQ:META) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 365 shares of the social networking company’s stock, valued at approximately $255,000.

Several other large investors have also made changes to their positions in the company. Bingham Private Wealth LLC grew its stake in shares of Meta Platforms by 12.8% in the 2nd quarter. Bingham Private Wealth LLC now owns 2,220 shares of the social networking company’s stock valued at $1,639,000 after buying an additional 252 shares in the last quarter. Hardy Reed LLC grew its position in Meta Platforms by 29.9% in the second quarter. Hardy Reed LLC now owns 5,413 shares of the social networking company’s stock valued at $3,995,000 after acquiring an additional 1,246 shares during the period. Ameliora Wealth Management Ltd. grew its holdings in shares of Meta Platforms by 52.2% during the second quarter. Ameliora Wealth Management Ltd. now owns 2,409 shares of the social networking company’s stock worth $1,778,000 after purchasing an additional 826 shares during the last quarter. Meitav Investment House Ltd. boosted its holdings in Meta Platforms by 13.6% in the second quarter. Meitav Investment House Ltd. now owns 221,926 shares of the social networking company’s stock valued at $163,839,000 after acquiring an additional 26,612 shares during the last quarter. Finally, Foresight Capital Management Advisors Inc. lifted its stake in Meta Platforms by 4.5% in the second quarter. Foresight Capital Management Advisors Inc. now owns 468 shares of the social networking company’s stock valued at $345,000 after buying an additional 20 shares during the period. Institutional investors own 79.91% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on META shares. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Meta Platforms in a research report on Tuesday. Robert W. Baird lifted their price target on Meta Platforms from $635.00 to $740.00 and gave the stock an “outperform” rating in a report on Wednesday, July 2nd. Scotiabank boosted their price target on Meta Platforms from $675.00 to $685.00 and gave the stock a “sector perform” rating in a report on Thursday, July 31st. Loop Capital reissued a “buy” rating and set a $980.00 price target (up previously from $888.00) on shares of Meta Platforms in a report on Tuesday, August 5th. Finally, Truist Financial set a $880.00 price target on Meta Platforms in a report on Thursday, September 18th. Four investment 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 stock. According to MarketBeat, Meta Platforms has an average rating of “Moderate Buy” and an average price target of $830.68.

Insider Buying and Selling

In related news, CFO Susan J. Li sold 18,332 shares of Meta Platforms stock in a transaction that occurred on 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 transaction, the chief financial officer owned 84,141 shares of the company’s stock, valued at $64,343,464.11. The trade was a 17.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CTO Andrew Bosworth sold 11,694 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $775.00, for a total value of $9,062,850.00. Following the sale, the chief technology officer directly owned 1,799 shares of the company’s stock, valued at $1,394,225. The trade was a 86.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 212,681 shares of company stock worth $163,863,761 in the last ninety days. Corporate insiders own 13.61% of the company’s stock.

Meta Platforms Stock Down 1.0%

Shares of Meta Platforms stock opened at $708.65 on Wednesday. Meta Platforms, Inc. has a one year low of $479.80 and a one year high of $796.25. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.97 and a quick ratio of 1.97. The stock’s 50-day moving average is $749.89 and its 200 day moving average is $680.94. The firm has a market cap of $1.78 trillion, a price-to-earnings ratio of 25.66, a PEG ratio of 1.49 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last announced its earnings results on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, beating the consensus estimate of $5.75 by $1.39. The company 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 firm’s revenue for the quarter was up 21.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. Equities research analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Dividend Announcement

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