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Oak Associates Ltd. OH increased its holdings in Meta Platforms, Inc. by 1.2% in Q2, owning 105,296 shares valued at $77.7 million. Meta is the firm's 4th largest holding. Other investors also adjusted their positions in Meta. The company reported strong Q3 earnings, with a 26.2% revenue increase year-over-year. Meta announced a quarterly dividend of $0.525 per share. Insider trading included significant stock sales by CTO Andrew Bosworth and COO Javier Olivan.
SlateStone Wealth LLC reduced its holdings in Meta Platforms by 20.1% in Q2, selling 1,381 shares. Analysts have adjusted target prices for Meta, with Wells Fargo, JPMorgan, and others lowering their estimates. Insiders sold 41,959 shares worth $26.67 million last quarter. Meta's stock opened at $661.53, with a consensus target price of $819.43 and a "Moderate Buy" rating.
The article ranks Meta Platforms as the second-best 'Magnificent Seven' stock to buy for 2026, highlighting its growth potential and value. Despite being slightly more expensive than the S&P 500, Meta is cheaper than its peers and not priced for perfection. Its earnings are driven by advertising revenue, and it invests heavily in AI and Reality Labs. Meta's strong cash flow allows it to take risks without harming its core business, making it a high-conviction buy for the future.
JPMorgan Chase & Co. reduced its holdings in Assurant, Inc. by 27.5% in Q2, owning 108,605 shares worth $21.45 million. CEO Keith Demmings sold 13,725 shares, decreasing his ownership by 13.95%. Assurant's stock opened at $224.47, with a 1-year range of $174.97-$232.02. Analysts forecast growth, with several rating the stock as a 'buy'. Assurant increased its quarterly dividend to $0.88 per share, yielding 1.6%.
JPMorgan Chase & Co. reduced its holdings in Louisiana-Pacific Corporation by 23.5% in Q2, owning 249,257 shares worth $21.44 million. Other investors like 59 North Capital and Valeo Financial Advisors increased their stakes. Louisiana-Pacific's stock opened at $82.20, with a market cap of $5.72 billion. The company reported Q3 earnings of $0.36 per share, missing estimates, and announced a quarterly dividend of $0.28. Analysts have mixed ratings on the stock.
