Channel Wealth LLC Purchases 544 Shares of Meta Platforms, Inc. $META

Channel Wealth LLC grew its holdings in Meta Platforms, Inc. (NASDAQ:META) by 11.4% in the second quarter, HoldingsChannel reports. The fund owned 5,297 shares of the social networking company’s stock after buying an additional 544 shares during the period. Meta Platforms accounts for 1.1% of Channel Wealth LLC’s portfolio, making the stock its 28th largest position. Channel Wealth LLC’s holdings in Meta Platforms were worth $3,910,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Csenge Advisory Group increased its holdings in shares of Meta Platforms by 12.0% during the first quarter. Csenge Advisory Group now owns 9,539 shares of the social networking company’s stock worth $5,498,000 after purchasing an additional 1,019 shares during the period. ARQ Wealth Advisors LLC grew its position in Meta Platforms by 4.5% during the first quarter. ARQ Wealth Advisors LLC now owns 785 shares of the social networking company’s stock worth $452,000 after buying an additional 34 shares in the last quarter. JMG Financial Group Ltd. bought a new position in Meta Platforms during the 1st quarter worth $284,000. Infusive Asset Management Inc. raised its holdings in Meta Platforms by 10.7% in the 1st quarter. Infusive Asset Management Inc. now owns 23,620 shares of the social networking company’s stock valued at $13,614,000 after acquiring an additional 2,285 shares in the last quarter. Finally, Aspire Growth Partners LLC lifted its position in shares of Meta Platforms by 7.3% during the 1st quarter. Aspire Growth Partners LLC now owns 662 shares of the social networking company’s stock valued at $395,000 after acquiring an additional 45 shares during the period. 79.91% of the stock is owned by institutional investors.

Insider Buying and Selling at Meta Platforms

In other news, insider Jennifer Newstead sold 519 shares of the company’s stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $767.16, for a total transaction of $398,156.04. Following the transaction, the insider owned 30,870 shares in the company, valued at approximately $23,682,229.20. This represents a 1.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Javier Olivan sold 517 shares of the business’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $757.47, for a total value of $391,611.99. Following the completion of the sale, the chief operating officer directly owned 11,060 shares of the company’s stock, valued at $8,377,618.20. The trade was a 4.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 257,922 shares of company stock valued at $196,412,792. Corporate insiders own 13.61% of the company’s stock.

Meta Platforms Price Performance

META stock opened at $780.25 on Friday. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.15. The firm has a market cap of $1.96 trillion, a price-to-earnings ratio of 28.25, a PEG ratio of 1.60 and a beta of 1.24. The company’s fifty day simple moving average is $745.84 and its 200 day simple moving average is $664.98. 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 earnings results on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, beating the consensus estimate of $5.75 by $1.39. The company had revenue of $47.52 billion for the quarter, compared to analyst estimates 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 in the prior year, the company earned $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. On average, analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 22nd will be issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Monday, September 22nd. Meta Platforms’s dividend payout ratio (DPR) is presently 7.60%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on META shares. 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 report on Thursday, July 31st. Loop Capital reissued a “buy” rating and issued a $980.00 target price (up from $888.00) on shares of Meta Platforms in a report on Tuesday, August 5th. DA Davidson increased their price target on shares of Meta Platforms from $650.00 to $825.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Bank of America lifted their price objective on shares of Meta Platforms from $775.00 to $900.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Finally, Wells Fargo & Company raised their target price on Meta Platforms from $783.00 to $811.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $826.05.

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.