Addenda Capital Inc. Has $9.42 Million Stock Holdings in Meta Platforms, Inc. $META

Addenda Capital Inc. decreased its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 22.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,757 shares of the social networking company's stock after selling 3,759 shares during the period. Addenda Capital Inc.'s holdings in Meta Platforms were worth $9,417,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Inlight Wealth Management LLC acquired a new position in shares of Meta Platforms during the first quarter valued at about $25,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in Meta Platforms in the first quarter valued at approximately $28,000. Evergreen Private Wealth LLC grew its stake in Meta Platforms by 237.5% in the second quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company's stock valued at $40,000 after acquiring an additional 38 shares during the period. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Meta Platforms in the first quarter valued at approximately $33,000. Finally, Maseco LLP acquired a new stake in Meta Platforms in the second quarter valued at approximately $54,000. Institutional investors and hedge funds own 79.91% of the company's stock.

Insider Activity

In other news, insider Jennifer Newstead sold 519 shares of the business's stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $741.50, for a total value of $384,838.50. Following the completion of the sale, the insider owned 29,832 shares of the company's stock, valued at approximately $22,120,428. The trade was a 1.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Javier Olivan sold 517 shares of the business's stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $748.72, for a total value of $387,088.24. Following the completion of the sale, the chief operating officer directly owned 10,026 shares of the company's stock, valued at approximately $7,506,666.72. This trade represents a 4.90% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 214,182 shares of company stock valued at $164,955,168. Insiders own 13.61% of the company's stock.

Meta Platforms Trading Down 2.3%

Shares of META stock opened at $710.56 on Friday. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.15. The business has a 50-day moving average price of $753.21 and a two-hundred day moving average price of $674.82. Meta Platforms, Inc. has a 12-month low of $479.80 and a 12-month high of $796.25. The firm has a market cap of $1.79 trillion, a P/E ratio of 25.73, a price-to-earnings-growth ratio of 1.52 and a beta of 1.20.

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

Meta Platforms Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were paid a dividend of $0.525 per share. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.10 annualized dividend and a yield of 0.3%. Meta Platforms's payout ratio is 7.60%.

Wall Street Analyst Weigh In

A number of brokerages have commented on META. Scotiabank raised their price objective on Meta Platforms from $675.00 to $685.00 and gave the company a "sector perform" rating in a research note on Thursday, July 31st. Monness Crespi & Hardt raised their price objective on Meta Platforms from $780.00 to $860.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Oppenheimer raised their target price on Meta Platforms from $775.00 to $870.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. JPMorgan Chase & Co. raised their target price on Meta Platforms from $795.00 to $875.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Finally, Sanford C. Bernstein raised their target price on Meta Platforms from $775.00 to $900.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $830.02.

Meta Platforms 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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