Roffman Miller Associates Inc. PA Has $4.75 Million Position in Meta Platforms, Inc. $META

Roffman Miller Associates Inc. PA grew its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 13.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,436 shares of the social networking company’s stock after acquiring an additional 1,022 shares during the period. Roffman Miller Associates Inc. PA’s holdings in Meta Platforms were worth $4,752,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of META. Parkside Investments LLC raised its holdings in shares of Meta Platforms by 904.2% during the second quarter. Parkside Investments LLC now owns 24,100 shares of the social networking company’s stock worth $13,575,000 after acquiring an additional 21,700 shares in the last quarter. Broadway Wealth Solutions Inc. grew its stake in Meta Platforms by 6.3% in the second quarter. Broadway Wealth Solutions Inc. now owns 989 shares of the social networking company’s stock valued at $557,000 after purchasing an additional 59 shares in the last quarter. Wealth Intelligence LLC increased its position in Meta Platforms by 2.3% in the 2nd quarter. Wealth Intelligence LLC now owns 1,355 shares of the social networking company’s stock worth $763,000 after purchasing an additional 31 shares during the last quarter. V. M. Manning & CO. Inc. acquired a new position in Meta Platforms in the 2nd quarter worth about $216,000. Finally, Red Door Wealth Management LLC increased its position in Meta Platforms by 2.9% in the 2nd quarter. Red Door Wealth Management LLC now owns 26,606 shares of the social networking company’s stock worth $14,987,000 after purchasing an additional 738 shares during the last quarter. 79.91% of the stock is owned by institutional investors and hedge funds.

Meta Platforms Stock Performance

META opened at $594.97 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.23 and a current ratio of 2.23. The company has a market cap of $1.52 trillion, a PE ratio of 22.41, a price-to-earnings-growth ratio of 0.99 and a beta of 1.25. The stock has a 50-day moving average of $596.01 and a 200-day moving average of $620.62. Meta Platforms, Inc. has a 52-week low of $520.26 and a 52-week high of $796.25.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings data on Wednesday, July 29th. The social networking company reported $6.18 earnings per share for the quarter, missing analysts’ consensus estimates of $7.19 by ($1.01). Meta Platforms had a net margin of 29.83% and a return on equity of 33.18%. The company had revenue of $60.80 billion during the quarter, compared to the consensus estimate of $60.22 billion. During the same period in the previous year, the business posted $7.14 earnings per share. The firm’s revenue was up 28.0% on a year-over-year basis. As a group, equities research analysts forecast that Meta Platforms, Inc. will post 28.5 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Monday, June 15th were issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, June 15th. Meta Platforms’s dividend payout ratio (DPR) is 7.91%.

More Meta Platforms News

Here are the key news stories impacting Meta Platforms this week:

• Positive Sentiment: Investors are viewing Meta’s roughly $145 billion AI infrastructure commitment as a potentially valuable long-term investment. The company’s data-center buildout and open-weight AI models could strengthen advertising performance, user engagement and future products. Meta and Nvidia plant “very firm flag” in open-weight AI race
• Positive Sentiment: Meta’s rollout of a standalone Facebook Creator Studio app with AI-powered audience-growth and engagement tools may support creator activity and platform monetization. Facebook officially rolls out its standalone Creator Studio app with AI tools for creators
• Positive Sentiment: Analysts continue to see substantial upside in META, with consensus price targets well above recent trading levels. The bullish view is supported by strong revenue growth and expectations that AI investments will reinforce Meta’s core advertising business. Meta remains a deeply discounted giant
• Positive Sentiment: Meta’s partnership with the North America’s Building Trades Unions is intended to expand access to skilled workers for construction and maintenance of U.S. AI infrastructure, supporting execution of its ambitious capacity expansion. Meta taps skilled trades workers to power America’s AI infrastructure boom
• Neutral Sentiment: Meta removed approximately 756,000 suspected under-16 accounts in Australia—462,000 Instagram accounts and 294,000 Facebook accounts—as it responds to the country’s youth-social-media restrictions. The move demonstrates compliance but may increase moderation and enforcement costs. Meta says it has taken down 756,000 Australian teen accounts
• Negative Sentiment: Meta is defending itself in a major trial brought by 29 U.S. states alleging that Facebook and Instagram were designed to addict children. An adverse outcome could bring significant damages and require costly platform changes. Meta, 29 states head to court over youth social media litigation
• Negative Sentiment: AI spending is pressuring profitability and cash flow, while a German privacy complaint over Meta’s AI glasses adds regulatory risk to its wearable-AI strategy. German advocacy group lodges criminal complaint over Meta AI glasses
• Negative Sentiment: COO Javier Olivan’s recent sales under a pre-arranged Rule 10b5-1 plan, along with some institutional stake reductions, may weigh on sentiment, although the transactions do not necessarily indicate weaker fundamentals.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on META shares. Wedbush reduced their price target on Meta Platforms from $671.00 to $595.00 and set a “neutral” rating for the company in a report on Thursday, July 30th. Robert W. Baird dropped their price objective on Meta Platforms from $830.00 to $750.00 and set an “outperform” rating on the stock in a report on Thursday, July 30th. TD Cowen cut their price objective on shares of Meta Platforms from $800.00 to $750.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. UBS Group reduced their target price on shares of Meta Platforms from $766.00 to $715.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Finally, Guggenheim reissued a “buy” rating and issued a $800.00 target price on shares of Meta Platforms in a research report on Tuesday, July 28th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Meta Platforms currently has an average rating of “Moderate Buy” and a consensus target price of $785.32.

Insider Activity

In other news, insider Curtis J. Mahoney sold 2,079 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $609.92, for a total value of $1,268,023.68. Following the completion of the sale, the insider directly owned 1,118 shares in the company, valued at approximately $681,890.56. The trade was a 65.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Susan J. Li sold 9,195 shares of the company’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $607.84, for a total transaction of $5,589,088.80. Following the sale, the chief financial officer directly owned 13,186 shares of the company’s stock, valued at approximately $8,014,978.24. This represents a 41.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 36,280 shares of company stock worth $22,075,696. 13.53% of the stock is owned by company insiders.

Meta Platforms Company Profile

Meta Platforms, Inc (NASDAQ: META), formerly Facebook, Inc, is a global technology company best known for building social networking services and immersive computing platforms. Founded in 2004 and headquartered in Menlo Park, California, the company operates a family of consumer-facing products and services that connect users, creators and businesses. In October 2021 the company rebranded as Meta to reflect an expanded strategic focus on augmented and virtual reality technologies alongside its social media businesses.

Meta’s core consumer products include Facebook, Instagram, WhatsApp and Messenger, which enable social networking, messaging, content sharing and community building across mobile and desktop devices.