Frisch Financial Group Inc. Sells 34 Shares of Meta Platforms, Inc. $META

Frisch Financial Group Inc. lowered its stake in Meta Platforms, Inc. (NASDAQ:META) by 0.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,529 shares of the social networking company’s stock after selling 34 shares during the quarter. Meta Platforms comprises 0.7% of Frisch Financial Group Inc.’s portfolio, making the stock its 28th biggest holding. Frisch Financial Group Inc.’s holdings in Meta Platforms were worth $2,610,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in META. Inlight Wealth Management LLC bought a new position in shares of Meta Platforms in the first quarter worth about $25,000. 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. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of Meta Platforms in the fourth quarter worth about $45,000. Finally, JCIC Asset Management Inc. grew its position in shares of Meta Platforms by 102.6% during the first quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company’s stock worth $46,000 after purchasing an additional 40 shares in the last quarter. Institutional investors own 79.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on META. Royal Bank Of Canada lifted their target price on Meta Platforms from $740.00 to $840.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. Rosenblatt Securities lifted their target price on Meta Platforms from $846.00 to $918.00 and gave the company a “buy” rating in a research note on Thursday, May 1st. Needham & Company LLC raised Meta Platforms from an “underperform” rating to a “hold” rating in a research note on Thursday, July 3rd. Canaccord Genuity Group lifted their target price on Meta Platforms from $825.00 to $850.00 and gave the company a “buy” rating in a research note on Wednesday, July 16th. Finally, Raymond James Financial lifted their target price on Meta Platforms from $750.00 to $900.00 and gave the company a “strong-buy” rating in a research note on Thursday, July 31st. Three investment analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $822.41.

Meta Platforms Stock Performance

NASDAQ META opened at $739.10 on Friday. The stock has a market capitalization of $1.86 trillion, a PE ratio of 26.76, a P/E/G ratio of 1.55 and a beta of 1.27. The business has a 50 day simple moving average of $728.87 and a two-hundred day simple moving average of $657.34. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.97 and a quick ratio of 1.97. Meta Platforms, Inc. has a 1-year low of $479.80 and a 1-year high of $796.25.

Meta Platforms (NASDAQ:META) last released its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share for the quarter, beating the consensus estimate of $5.75 by $1.39. The business had revenue of $47.52 billion during the quarter, compared to analysts’ expectations 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 last year, the business posted $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. On average, research analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Monday, June 16th were issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 0.3%. The ex-dividend date was Monday, June 16th. Meta Platforms’s dividend payout ratio (DPR) is currently 7.60%.

Insider Buying and Selling at Meta Platforms

In other news, CEO Mark Zuckerberg sold 15,847 shares of Meta Platforms stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $753.43, for a total value of $11,939,605.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $14,018,663.72. Following the completion of the transaction, the chief financial officer owned 84,141 shares of the company’s stock, valued at approximately $64,343,464.11. This trade represents a 17.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold 313,803 shares of company stock worth $235,276,424 in the last quarter. 13.61% of the stock is owned by corporate insiders.

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.