IMG Wealth Management Inc. Invests $98,000 in Meta Platforms, Inc. $META

IMG Wealth Management Inc. purchased a new position in Meta Platforms, Inc. (NASDAQ:META) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 133 shares of the social networking company’s stock, valued at approximately $98,000.

Several other institutional investors and hedge funds also recently modified their holdings of META. Pachira Investments Inc. raised its position in Meta Platforms by 3.0% during the second quarter. Pachira Investments Inc. now owns 488 shares of the social networking company’s stock valued at $360,000 after buying an additional 14 shares during the period. Hemington Wealth Management raised its position in Meta Platforms by 0.6% during the second quarter. Hemington Wealth Management now owns 2,223 shares of the social networking company’s stock valued at $1,641,000 after buying an additional 14 shares during the period. Shelton Wealth Management LLC raised its position in Meta Platforms by 0.9% during the second quarter. Shelton Wealth Management LLC now owns 1,764 shares of the social networking company’s stock valued at $1,302,000 after buying an additional 15 shares during the period. Myecfo LLC raised its position in Meta Platforms by 2.0% during the second quarter. Myecfo LLC now owns 776 shares of the social networking company’s stock valued at $573,000 after buying an additional 15 shares during the period. Finally, Kooman & Associates raised its position in Meta Platforms by 2.8% during the second quarter. Kooman & Associates now owns 544 shares of the social networking company’s stock valued at $402,000 after buying an additional 15 shares during the period. Institutional investors own 79.91% of the company’s stock.

Wall Street Analysts Forecast Growth

META has been the topic of several recent analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Meta Platforms in a research report on Wednesday, October 8th. Mizuho cut their price objective on Meta Platforms from $925.00 to $815.00 and set an “outperform” rating for the company in a report on Thursday. Bank of America cut their price objective on Meta Platforms from $900.00 to $810.00 and set a “buy” rating for the company in a report on Thursday. Needham & Company LLC reaffirmed a “hold” rating on shares of Meta Platforms in a research note on Thursday. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $870.00 price target (down from $900.00) on shares of Meta Platforms in a research note on Thursday. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $827.60.

Insider Activity at Meta Platforms

In other news, COO Javier Olivan sold 517 shares of the business’s stock in a transaction on Monday, October 27th. The stock was sold at an average price of $749.57, for a total transaction of $387,527.69. Following the completion of the sale, the chief operating officer owned 7,958 shares in the company, valued at $5,965,078.06. The trade was 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 link. Also, Director Robert M. Kimmitt sold 465 shares of the business’s stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $716.97, for a total value of $333,391.05. Following the sale, the director owned 7,947 shares of the company’s stock, valued at approximately $5,697,760.59. The trade was a 5.53% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 198,335 shares of company stock valued at $153,047,009 in the last 90 days. 13.61% of the stock is owned by corporate insiders.

Meta Platforms Stock Performance

Shares of NASDAQ META opened at $648.35 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.98. The business’s 50-day simple moving average is $738.28 and its 200-day simple moving average is $696.73. The firm has a market cap of $1.63 trillion, a price-to-earnings ratio of 28.64, a P/E/G ratio of 1.41 and a beta of 1.20. Meta Platforms, Inc. has a 52 week low of $479.80 and a 52 week high of $796.25.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings data on Wednesday, October 29th. The social networking company reported $7.25 EPS for the quarter, topping analysts’ consensus estimates of $6.74 by $0.51. The business had revenue of $51.24 billion for the quarter, compared to analyst estimates of $49.34 billion. Meta Platforms had a return on equity of 39.35% and a net margin of 30.89%.The firm’s revenue for the quarter was up 26.2% on a year-over-year basis. During the same period in the previous year, the company posted $6.03 earnings per share. Meta Platforms has set its Q4 2025 guidance at EPS. As a group, equities research analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

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 annualized dividend and a yield of 0.3%. Meta Platforms’s payout ratio is currently 9.28%.

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.