Meta Platforms, Inc. $META Shares Bought by Axiom Financial Strategies LLC

Core Insights - Axiom Financial Strategies LLC increased its stake in Meta Platforms by 21.4% in Q2, owning 670 shares valued at $495,000, making it the 25th largest position in their portfolio [2] - Several hedge funds have also adjusted their holdings in Meta, with notable increases from Ethic Inc. (5.8%), Meadow Creek Wealth Advisors LLC (1.2%), BlueChip Wealth Advisors LLC (7.5%), Stephens Investment Management Group LLC (34.5%), and Parcion Private Wealth LLC (4.8%) [3] - Institutional investors and hedge funds collectively own 79.91% of Meta's stock [3] Analyst Ratings and Price Targets - Goldman Sachs reaffirmed a "buy" rating for Meta, while Benchmark downgraded it from "buy" to "hold" [4] - Stifel Nicolaus reduced its target price from $900 to $875, and Barclays lowered its target from $810 to $770, maintaining an "overweight" rating [4] - The consensus price target for Meta is $827.60, with an average rating of "Moderate Buy" [4] Insider Activity - Director Robert M. Kimmitt sold 465 shares at an average price of $716.97, totaling $333,391.05, reducing his ownership by 5.53% [5] - Insider Jennifer Newstead sold 519 shares at an average price of $753.00, totaling $390,807.00, representing a 1.84% decrease in her position [5] - Over the last 90 days, insiders have sold 198,335 shares worth $153,047,009, with company insiders owning 13.61% of the stock [5] Financial Performance - Meta reported Q3 earnings of $7.25 per share, exceeding estimates of $6.74, with revenue of $51.24 billion, surpassing expectations of $49.34 billion [7] - The company's quarterly revenue increased by 26.2% year-over-year, with a net margin of 30.89% and a return on equity of 39.35% [7] - Analysts predict an EPS of 26.7 for the current year [7] Dividend Information - Meta announced a quarterly dividend of $0.525 per share, paid on September 29, representing an annualized dividend of $2.10 and a yield of 0.3% [8] - The dividend payout ratio is currently 9.28% [8] Company Overview - Meta Platforms, Inc. develops products for social connectivity through various platforms, including Facebook, Instagram, Messenger, and WhatsApp [9]