Prosperity Financial Group Inc. Buys 207 Shares of Meta Platforms, Inc. $META

Prosperity Financial Group Inc. boosted its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 5.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,822 shares of the social networking company’s stock after buying an additional 207 shares during the period. Prosperity Financial Group Inc.’s holdings in Meta Platforms were worth $2,821,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Brighton Jones LLC boosted its stake in Meta Platforms by 1.7% during the 4th quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company’s stock valued at $20,230,000 after purchasing an additional 570 shares during the last quarter. Revolve Wealth Partners LLC boosted its stake in Meta Platforms by 10.2% during the 4th quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company’s stock valued at $5,537,000 after purchasing an additional 875 shares during the last quarter. 1776 Wealth LLC boosted its stake in Meta Platforms by 137.2% during the 1st quarter. 1776 Wealth LLC now owns 1,167 shares of the social networking company’s stock valued at $673,000 after purchasing an additional 675 shares during the last quarter. J.Safra Asset Management Corp boosted its stake in Meta Platforms by 73.1% during the 1st quarter. J.Safra Asset Management Corp now owns 4,652 shares of the social networking company’s stock valued at $2,681,000 after purchasing an additional 1,964 shares during the last quarter. Finally, Koshinski Asset Management Inc. boosted its stake in Meta Platforms by 2.1% during the 1st quarter. Koshinski Asset Management Inc. now owns 9,887 shares of the social networking company’s stock valued at $5,699,000 after purchasing an additional 201 shares during the last quarter. Institutional investors own 79.91% of the company’s stock.

Meta Platforms Price Performance

NASDAQ META opened at $648.35 on Friday. The company has a market capitalization of $1.63 trillion, a PE ratio of 28.64, a price-to-earnings-growth ratio of 1.38 and a beta of 1.20. 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 fifty day moving average is $738.28 and its 200 day moving average is $697.96. Meta Platforms, Inc. has a fifty-two week low of $479.80 and a fifty-two week high of $796.25.

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

Meta Platforms Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were issued a dividend of $0.525 per share. 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 9.28%.

Analyst Ratings Changes

Several analysts have commented on the company. Truist Financial cut their target price on Meta Platforms from $900.00 to $875.00 and set a “buy” rating on the stock in a research note on Thursday. Piper Sandler dropped their price target on Meta Platforms from $880.00 to $840.00 and set an “overweight” rating on the stock in a research note on Thursday. KeyCorp dropped their price target on Meta Platforms from $905.00 to $875.00 and set an “overweight” rating on the stock in a research note on Thursday. Oppenheimer downgraded Meta Platforms from an “outperform” rating to a “market perform” rating in a research note on Thursday. Finally, BMO Capital Markets raised their price target on Meta Platforms from $610.00 to $710.00 and gave the stock a “market perform” rating in a research note on Thursday, July 31st. Four investment analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $827.60.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, Director Robert M. Kimmitt sold 465 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $5,697,760.59. This trade represents a 5.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Javier Olivan sold 517 shares of the firm’s stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $749.57, for a total value of $387,527.69. Following the sale, the chief operating officer directly owned 7,958 shares in the company, valued at approximately $5,965,078.06. This represents a 6.10% 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 currently owned by company insiders.

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.