Iron Horse Wealth Management LLC Purchases 385 Shares of Meta Platforms, Inc. $META

Iron Horse Wealth Management LLC raised its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 222.5% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 558 shares of the social networking company’s stock after purchasing an additional 385 shares during the quarter. Iron Horse Wealth Management LLC’s holdings in Meta Platforms were worth $412,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Simplicity Wealth LLC increased its stake in Meta Platforms by 69.1% during the 2nd quarter. Simplicity Wealth LLC now owns 27,738 shares of the social networking company’s stock valued at $20,472,000 after purchasing an additional 11,332 shares in the last quarter. Chemung Canal Trust Co. increased its stake in Meta Platforms by 3.5% during the 2nd quarter. Chemung Canal Trust Co. now owns 9,764 shares of the social networking company’s stock valued at $7,207,000 after purchasing an additional 327 shares in the last quarter. OLD National Bancorp IN increased its stake in Meta Platforms by 17.8% during the 2nd quarter. OLD National Bancorp IN now owns 80,032 shares of the social networking company’s stock valued at $59,071,000 after purchasing an additional 12,091 shares in the last quarter. Olistico Wealth LLC increased its stake in Meta Platforms by 10.0% during the 2nd quarter. Olistico Wealth LLC now owns 2,126 shares of the social networking company’s stock valued at $1,569,000 after purchasing an additional 193 shares in the last quarter. Finally, MBL Wealth LLC increased its stake in Meta Platforms by 2.5% during the 2nd quarter. MBL Wealth LLC now owns 7,776 shares of the social networking company’s stock valued at $5,739,000 after purchasing an additional 190 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors.

Meta Platforms Stock Performance

META opened at $705.30 on Monday. 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 company has a market cap of $1.77 trillion, a price-to-earnings ratio of 25.54, a PEG ratio of 1.47 and a beta of 1.20. The company’s 50 day moving average is $752.20 and its 200 day moving average is $679.78. Meta Platforms, Inc. has a 12-month low of $479.80 and a 12-month high of $796.25.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.75 by $1.39. The company had revenue of $47.52 billion for the quarter, compared to the consensus estimate of $44.55 billion. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The firm’s revenue was up 21.6% compared to the same quarter last year. During the same quarter last year, the firm posted $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. On average, equities research analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were issued a $0.525 dividend. The ex-dividend date of this dividend 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 (DPR) is presently 7.60%.

Insider Buying and Selling at Meta Platforms

In related news, CFO Susan J. Li sold 18,332 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $764.71, for a total value of $14,018,663.72. Following 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Mark Zuckerberg sold 15,847 shares of the firm’s stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $769.38, for a total transaction of $12,192,364.86. The disclosure for this sale can be found here. In the last ninety days, insiders sold 213,665 shares of company stock worth $164,575,272. 13.61% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on META. KeyCorp raised their price objective on shares of Meta Platforms from $800.00 to $905.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. TD Cowen raised their price target on shares of Meta Platforms from $800.00 to $875.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Loop Capital reaffirmed a “buy” rating and set a $980.00 price target (up previously from $888.00) on shares of Meta Platforms in a report on Tuesday, August 5th. JPMorgan Chase & Co. raised their price target on shares of Meta Platforms from $795.00 to $875.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Finally, Mizuho set a $925.00 price target on shares of Meta Platforms and gave the company an “outperform” rating in a report on Monday, September 29th. Four research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $830.68.

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.