Financial Gravity Companies Inc. Invests $4.87 Million in Meta Platforms, Inc. $META

Financial Gravity Companies Inc. acquired a new stake in Meta Platforms, Inc. (NASDAQ:META) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 6,599 shares of the social networking company’s stock, valued at approximately $4,870,000. Meta Platforms comprises 0.7% of Financial Gravity Companies Inc.’s investment portfolio, making the stock its 28th largest holding.

A number of other large investors have also recently bought and sold shares of the business. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Meta Platforms during the 1st quarter valued at about $33,000. Evergreen Private Wealth LLC boosted its position in Meta Platforms by 237.5% during the second quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company’s stock worth $40,000 after purchasing an additional 38 shares during the period. Briaud Financial Planning Inc acquired a new position in Meta Platforms during the second quarter valued at approximately $42,000. WFA Asset Management Corp grew its holdings in Meta Platforms by 42.6% during the second quarter. WFA Asset Management Corp now owns 67 shares of the social networking company’s stock valued at $49,000 after purchasing an additional 20 shares during the last quarter. Finally, Maseco LLP bought a new position in shares of Meta Platforms in the second quarter valued at approximately $54,000. 79.91% of the stock is currently owned by institutional investors.

Meta Platforms Trading Down 0.4%

Shares of META opened at $633.61 on Thursday. The stock’s 50-day moving average price is $688.93 and its 200 day moving average price is $706.33. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $1.60 trillion, a price-to-earnings ratio of 27.99, a P/E/G ratio of 1.33 and a beta of 1.20. Meta Platforms, Inc. has a 12-month low of $479.80 and a 12-month high of $796.25.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings data on Wednesday, October 29th. The social networking company reported $7.25 earnings per share for the quarter, topping the consensus estimate of $6.74 by $0.51. The company 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%.Meta Platforms’s revenue for the quarter was up 26.2% compared to the same quarter last year. During the same quarter last year, the firm earned $6.03 EPS. Meta Platforms has set its Q4 2025 guidance at EPS. As a group, research 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 disclosed a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were paid a $0.525 dividend. The ex-dividend date was Monday, September 22nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. Meta Platforms’s dividend payout ratio is currently 9.28%.

Analyst Ratings Changes

Several research firms recently issued reports on META. Roth Capital reaffirmed a “buy” rating on shares of Meta Platforms in a report on Thursday, October 30th. KeyCorp decreased their price target on shares of Meta Platforms from $905.00 to $875.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Wells Fargo & Company lowered their price target on Meta Platforms from $837.00 to $802.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Needham & Company LLC reissued a “hold” rating on shares of Meta Platforms in a research report on Thursday, October 30th. Finally, Erste Group Bank lowered Meta Platforms from a “buy” rating to a “hold” rating in a report on Monday, November 10th. Four analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $823.93.

Insider Activity at Meta Platforms

In other Meta Platforms news, CTO Andrew Bosworth sold 11,690 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $593.31, for a total transaction of $6,935,793.90. Following the completion of the transaction, the chief technology officer owned 2,415 shares in the company, valued at $1,432,843.65. This trade represents a 82.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Javier Olivan sold 2,610 shares of the company’s stock in a transaction that occurred on Saturday, November 15th. The shares were sold at an average price of $609.46, for a total value of $1,590,690.60. Following the completion of the sale, the chief operating officer owned 9,784 shares in the company, valued at approximately $5,962,956.64. This represents a 21.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 41,959 shares of company stock worth $26,759,811 in the last ninety days. Company insiders own 13.61% of the company’s stock.

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.