Marco Investment Management LLC boosted its holdings in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 1.2% in the second quarter, HoldingsChannel.com reports. The firm owned 9,602 shares of the social networking company’s stock after acquiring an additional 116 shares during the period. Marco Investment Management LLC’s holdings in Meta Platforms were worth $7,087,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently bought and sold shares of the business. Csenge Advisory Group grew its position in shares of Meta Platforms by 12.0% during the first quarter. Csenge Advisory Group now owns 9,539 shares of the social networking company’s stock worth $5,498,000 after acquiring an additional 1,019 shares during the last quarter. ARQ Wealth Advisors LLC raised its stake in shares of Meta Platforms by 4.5% during the first quarter. ARQ Wealth Advisors LLC now owns 785 shares of the social networking company’s stock valued at $452,000 after purchasing an additional 34 shares in the last quarter. JMG Financial Group Ltd. acquired a new stake in Meta Platforms in the first quarter worth about $284,000. Infusive Asset Management Inc. lifted its stake in shares of Meta Platforms by 10.7% in the 1st quarter. Infusive Asset Management Inc. now owns 23,620 shares of the social networking company’s stock worth $13,614,000 after acquiring an additional 2,285 shares during the period. Finally, Spirepoint Private Client LLC lifted its position in Meta Platforms by 2.7% in the second quarter. Spirepoint Private Client LLC now owns 4,080 shares of the social networking company’s stock worth $3,011,000 after purchasing an additional 109 shares during the period. Institutional investors own 79.91% of the company’s stock.
Insiders Place Their Bets
In related news, COO Javier Olivan sold 517 shares of the business’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $604.23, for a total transaction of $312,386.91. Following the transaction, the chief operating officer owned 15,302 shares of the company’s stock, valued at approximately $9,245,927.46. The trade was a 3.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CTO Andrew Bosworth sold 5,063 shares of the stock in a transaction on Saturday, November 15th. The shares were sold at an average price of $609.46, for a total transaction of $3,085,695.98. Following the completion of the sale, the chief technology officer directly owned 6,936 shares of the company’s stock, valued at approximately $4,227,214.56. This trade represents a 42.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 28,424 shares of company stock worth $18,868,377 in the last 90 days. 13.61% of the stock is owned by company insiders.
Meta Platforms Stock Performance
Meta Platforms (NASDAQ:META – Get Free Report) last announced its earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.74 by $0.51. Meta Platforms had a return on equity of 39.35% and a net margin of 30.89%.The firm had revenue of $51.24 billion during the quarter, compared to analysts’ expectations of $49.34 billion. During the same quarter in the prior year, the business earned $6.03 earnings per share. The company’s revenue was up 26.2% on a year-over-year basis. Meta Platforms has set its Q4 2025 guidance at EPS. As a group, equities research analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.
Meta Platforms Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Monday, September 22nd. Meta Platforms’s dividend payout ratio is 9.28%.
Analyst Upgrades and Downgrades
META has been the topic of a number of research analyst reports. Morgan Stanley lifted their target price on Meta Platforms from $750.00 to $850.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Canaccord Genuity Group restated a “buy” rating and set a $900.00 price objective on shares of Meta Platforms in a report on Thursday, October 30th. Needham & Company LLC reiterated a “hold” rating on shares of Meta Platforms in a research report on Thursday, October 30th. Sanford C. Bernstein restated an “outperform” rating and issued a $870.00 target price (down previously from $900.00) on shares of Meta Platforms in a report on Thursday, October 30th. Finally, Bank of America reduced their price target on shares of Meta Platforms from $900.00 to $810.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Four analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $827.60.
Get Our Latest Stock Analysis on META
About Meta Platforms
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.
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