Phillips Financial Management LLC Buys 96 Shares of Meta Platforms, Inc. $META

Phillips Financial Management LLC grew its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 9.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,158 shares of the social networking company’s stock after purchasing an additional 96 shares during the quarter. Phillips Financial Management LLC’s holdings in Meta Platforms were worth $855,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of META. Barnes Dennig Private Wealth Management LLC bought a new stake in Meta Platforms during the first quarter valued at $28,000. Evergreen Private Wealth LLC lifted its stake in shares of Meta Platforms by 237.5% in the 2nd quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company’s stock valued at $40,000 after purchasing an additional 38 shares during the period. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Meta Platforms during the 1st quarter valued at about $33,000. Maseco LLP bought a new stake in shares of Meta Platforms during the 2nd quarter valued at about $54,000. Finally, Piscataqua Savings Bank grew its stake in Meta Platforms by 433.3% during the second quarter. Piscataqua Savings Bank now owns 80 shares of the social networking company’s stock worth $59,000 after purchasing an additional 65 shares during the period. Institutional investors and hedge funds own 79.91% of the company’s stock.

Meta Platforms Stock Down 2.7%

Meta Platforms stock opened at $648.35 on Friday. Meta Platforms, Inc. has a 1-year low of $479.80 and a 1-year high of $796.25. The firm has a market capitalization 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. The company has a current ratio of 1.98, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15. The firm has a 50 day simple moving average of $738.28 and a 200 day simple moving average of $696.73.

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

Meta Platforms Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Monday, September 22nd. Meta Platforms’s dividend payout ratio (DPR) is 9.28%.

Insider Activity

In related news, CEO Mark Zuckerberg sold 15,847 shares of Meta Platforms stock in a transaction on Monday, August 4th. The stock was sold at an average price of $769.38, for a total transaction of $12,192,364.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Susan J. Li sold 18,332 shares of the business’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $764.71, for a total value of $14,018,663.72. Following the transaction, the chief financial officer owned 84,141 shares of the company’s stock, valued at approximately $64,343,464.11. The trade was a 17.89% decrease in their ownership of the stock. 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 over the last ninety days. 13.61% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

META has been the topic of a number of research analyst reports. Wall Street Zen cut Meta Platforms from a “buy” rating to a “hold” rating in a report on Saturday. Pivotal Research boosted their target price on shares of Meta Platforms from $830.00 to $930.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Wedbush restated an “outperform” rating and issued a $920.00 price target on shares of Meta Platforms in a report on Thursday. Rosenblatt Securities lifted their price target on shares of Meta Platforms from $1,086.00 to $1,117.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Meta Platforms in a report on Thursday. Four investment 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.