Truvestments Capital LLC Has $1.19 Million Stock Position in Meta Platforms, Inc. $META

Truvestments Capital LLC lifted its position in Meta Platforms, Inc. (NASDAQ:META) by 28.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,062 shares of the social networking company’s stock after buying an additional 454 shares during the quarter. Truvestments Capital LLC’s holdings in Meta Platforms were worth $1,189,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Csenge Advisory Group lifted its stake in shares of Meta Platforms by 12.0% in the first quarter. Csenge Advisory Group now owns 9,539 shares of the social networking company’s stock worth $5,498,000 after buying an additional 1,019 shares during the last quarter. Suvretta Capital Management LLC boosted its stake in Meta Platforms by 1.1% during the fourth quarter. Suvretta Capital Management LLC now owns 170,338 shares of the social networking company’s stock worth $99,735,000 after buying an additional 1,850 shares in the last quarter. Skye Global Management LP boosted its stake in Meta Platforms by 130.9% during the fourth quarter. Skye Global Management LP now owns 76,200 shares of the social networking company’s stock worth $44,616,000 after buying an additional 43,200 shares in the last quarter. ARQ Wealth Advisors LLC boosted its stake 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. Finally, JMG Financial Group Ltd. acquired a new stake in Meta Platforms during the first quarter worth $284,000. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Meta Platforms

In other news, CFO Susan J. Li sold 18,332 shares of the company’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $764.71, for a total transaction of $14,018,663.72. Following the completion of the transaction, the chief financial officer directly owned 84,141 shares of the company’s stock, valued at $64,343,464.11. This represents a 17.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mark Zuckerberg sold 15,847 shares of the company’s stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $753.43, for a total value of $11,939,605.21. The disclosure for this sale can be found here. Insiders sold 312,767 shares of company stock valued at $234,618,139 over the last three months. Company insiders own 13.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. UBS Group lifted their price target on shares of Meta Platforms from $812.00 to $897.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Needham & Company LLC upgraded shares of Meta Platforms from an “underperform” rating to a “hold” rating in a research note on Thursday, July 3rd. Evercore ISI lifted their price target on shares of Meta Platforms from $725.00 to $750.00 and gave the stock an “outperform” rating in a research note on Thursday, May 1st. TD Cowen lifted their price objective on Meta Platforms from $800.00 to $875.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Finally, Royal Bank Of Canada lifted their price objective on Meta Platforms from $740.00 to $840.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Three 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, Meta Platforms presently has an average rating of “Moderate Buy” and a consensus target price of $822.41.

Meta Platforms Trading Up 0.1%

NASDAQ:META opened at $754.10 on Wednesday. Meta Platforms, Inc. has a 1-year low of $479.80 and a 1-year high of $796.25. The business’s 50-day moving average price is $732.47 and its two-hundred day moving average price is $657.92. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $1.89 trillion, a price-to-earnings ratio of 27.30, a PEG ratio of 1.56 and a beta of 1.27.

Meta Platforms (NASDAQ:META) last released its 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. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The firm had revenue of $47.52 billion for the quarter, compared to analyst estimates of $44.55 billion. During the same quarter in the prior year, the firm posted $5.16 earnings per share. The company’s quarterly revenue was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. On average, equities analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Dividend Announcement

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

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.