Abner Herrman & Brock LLC Acquires 929 Shares of Meta Platforms, Inc. $META

Key Points

• Abner Herrman & Brock LLC increased its holdings in Meta Platforms, Inc. by 2.4%, acquiring an additional 929 shares for a total of 40,287 shares valued at $29.74 million.
• Analysts have raised their price targets on Meta Platforms, with Royal Bank of Canada setting a new target of $840, while Wedbush increased theirs to $920, indicating a strong outlook on the stock.
• Insiders have recently sold shares worth over $214 million, with COO Javier Olivan and other executives reducing their ownership positions in the company.

Abner Herrman & Brock LLC grew its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 2.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,287 shares of the social networking company's stock after purchasing an additional 929 shares during the period. Meta Platforms makes up 3.3% of Abner Herrman & Brock LLC's investment portfolio, making the stock its 7th largest position. Abner Herrman & Brock LLC's holdings in Meta Platforms were worth $29,736,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of META. GAMMA Investing LLC lifted its stake in Meta Platforms by 67,172.9% during the 1st quarter. GAMMA Investing LLC now owns 23,452,665 shares of the social networking company's stock worth $13,517,178,000 after acquiring an additional 23,417,803 shares in the last quarter. Nuveen LLC acquired a new position in Meta Platforms during the 1st quarter worth about $2,990,544,000. Assenagon Asset Management S.A. lifted its stake in Meta Platforms by 712.2% during the 1st quarter. Assenagon Asset Management S.A. now owns 2,537,631 shares of the social networking company's stock worth $1,462,589,000 after acquiring an additional 2,225,186 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Meta Platforms during the 4th quarter worth about $1,162,918,000. Finally, Amundi lifted its stake in Meta Platforms by 23.5% during the 1st quarter. Amundi now owns 7,733,061 shares of the social networking company's stock worth $4,111,050,000 after acquiring an additional 1,470,070 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Royal Bank Of Canada upped their price target on Meta Platforms from $740.00 to $840.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. TD Cowen increased their price objective on Meta Platforms from $800.00 to $875.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Barclays increased their price objective on Meta Platforms from $640.00 to $810.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Sanford C. Bernstein raised their price target on Meta Platforms from $775.00 to $900.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Finally, Wedbush increased their price objective on Meta Platforms from $750.00 to $920.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Three research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $822.41.

Insiders Place Their Bets

In other news, COO Javier Olivan sold 517 shares of Meta Platforms stock in a transaction on Monday, September 8th. The stock was sold at an average price of $755.65, for a total value of $390,671.05. Following the completion of the sale, the chief operating officer owned 11,577 shares of the company's stock, valued at $8,748,160.05. The trade was a 4.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jennifer Newstead sold 519 shares of Meta Platforms stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $757.50, for a total value of $393,142.50. Following the completion of the transaction, the insider owned 31,389 shares in the company, valued at $23,777,167.50. The trade was a 1.63% decrease in their position. The disclosure for this sale can be found here. Insiders sold 283,280 shares of company stock worth $214,119,908 in the last three months. Company insiders own 13.61% of the company's stock.

Meta Platforms Stock Performance

Meta Platforms stock opened at $755.59 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.97. The stock has a fifty day moving average of $741.83 and a two-hundred day moving average of $661.83. The company has a market capitalization of $1.90 trillion, a price-to-earnings ratio of 27.36, a PEG ratio of 1.55 and a beta of 1.24. Meta Platforms, Inc. has a fifty-two week low of $479.80 and a fifty-two week high of $796.25.

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

Meta Platforms Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 22nd will be given a $0.525 dividend. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. Meta Platforms's payout ratio is currently 7.60%.

Meta Platforms Company 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.

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