Journey Advisory Group LLC Purchases 356 Shares of Meta Platforms, Inc. $META

Journey Advisory Group LLC boosted its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 2.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,233 shares of the social networking company’s stock after purchasing an additional 356 shares during the period. Journey Advisory Group LLC’s holdings in Meta Platforms were worth $9,767,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Meta Platforms in the first quarter worth about $28,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Meta Platforms in the first quarter worth about $33,000. Evergreen Private Wealth LLC raised its stake in shares of Meta Platforms by 237.5% in the second quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company’s stock worth $40,000 after acquiring an additional 38 shares during the last quarter. Maseco LLP bought a new position in shares of Meta Platforms in the second quarter worth about $54,000. Finally, eCIO Inc. bought a new position in shares of Meta Platforms in the first quarter worth about $58,000. 79.91% of the stock is owned by institutional investors.

Meta Platforms Stock Down 11.3%

Meta Platforms stock opened at $666.47 on Friday. The stock has a market capitalization of $1.67 trillion, a PE ratio of 29.44, a price-to-earnings-growth ratio of 1.60 and a beta of 1.20. Meta Platforms, Inc. has a twelve month low of $479.80 and a twelve month high of $796.25. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.15. The company has a 50 day moving average of $740.41 and a 200-day moving average of $695.92.

Meta Platforms (NASDAQ:META) last announced its earnings results on Wednesday, October 29th. The social networking company reported $7.25 EPS for the quarter, topping the consensus estimate of $6.74 by $0.51. Meta Platforms had a net margin of 30.89% and a return on equity of 39.69%. The business had revenue of $51.24 billion during the quarter, compared to analysts’ expectations of $49.34 billion. During the same quarter in the prior year, the company posted $6.03 earnings per share. The firm’s revenue was up 26.2% on a year-over-year basis. Meta Platforms has set its Q4 2025 guidance at EPS. On average, equities research analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Monday, September 22nd. Meta Platforms’s dividend payout ratio is 9.28%.

Insiders Place Their Bets

In other Meta Platforms news, COO Javier Olivan sold 517 shares of the company’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of $749.57, for a total transaction of $387,527.69. Following the sale, the chief operating officer directly owned 7,958 shares of the company’s stock, valued at approximately $5,965,078.06. This represents a 6.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robert M. Kimmitt sold 465 shares of the company’s stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $716.97, for a total transaction of $333,391.05. Following the sale, the director directly owned 7,947 shares in the company, valued at $5,697,760.59. This trade represents a 5.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 198,335 shares of company stock valued at $153,047,009. 13.61% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

META has been the subject of a number of research analyst reports. DA Davidson set a $825.00 target price on shares of Meta Platforms in a research note on Thursday. Truist Financial dropped their target price on shares of Meta Platforms from $900.00 to $875.00 and set a “buy” rating for the company in a research note on Thursday. BMO Capital Markets boosted their target price on shares of Meta Platforms from $610.00 to $710.00 and gave the stock a “market perform” rating in a research note on Thursday, July 31st. Zacks Research raised shares of Meta Platforms from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 20th. Finally, TD Cowen dropped their price target on shares of Meta Platforms from $875.00 to $810.00 and set a “buy” rating for the company in a research note on Thursday. Four research analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $827.60.

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.