AG2R LA Mondiale Gestion D Actifs Takes Position in Meta Platforms, Inc. $META

Key Points

• AG2R LA Mondiale Gestion D Actifs has acquired a new stake in Meta Platforms, Inc., purchasing 80,272 shares valued at approximately $46.26 million, making it the firm's fifth largest holding.
• Meta recently reported quarterly earnings of $7.14 EPS, exceeding analyst estimates and showing a 21.6% year-over-year revenue growth, with total revenue for the quarter reaching $47.52 billion.
• The company declared a quarterly dividend of $0.525 per share, which will be paid on September 29, reflecting an annualized dividend yield of 0.3%.

AG2R LA Mondiale Gestion D Actifs purchased a new stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 80,272 shares of the social networking company's stock, valued at approximately $46,266,000. Meta Platforms comprises about 2.6% of AG2R LA Mondiale Gestion D Actifs' investment portfolio, making the stock its 5th biggest holding.

Other hedge funds have also modified their holdings of the company. Inlight Wealth Management LLC acquired a new position in Meta Platforms in the first quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC acquired a new position in Meta Platforms in the first quarter valued at approximately $28,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in Meta Platforms in the first quarter valued at approximately $33,000. JCIC Asset Management Inc. lifted its holdings in Meta Platforms by 102.6% in the first quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company's stock valued at $46,000 after buying an additional 40 shares during the period. Finally, Stuart Chaussee & Associates Inc. acquired a new position in Meta Platforms in the fourth quarter valued at approximately $47,000. 79.91% of the stock is owned by institutional investors.

Meta Platforms Trading Down 0.1%

Shares of NASDAQ:META opened at $750.90 on Friday. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25. 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 company's fifty day simple moving average is $741.05 and its 200 day simple moving average is $661.24. The firm has a market cap of $1.89 trillion, a price-to-earnings ratio of 27.19, a PEG ratio of 1.55 and a beta of 1.24.

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

Meta Platforms Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 22nd will be issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Monday, September 22nd. Meta Platforms's dividend payout ratio (DPR) is presently 7.60%.

Insider Activity at Meta Platforms

In related news, CFO Susan J. Li sold 18,332 shares of the firm's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $764.71, for a total transaction of $14,018,663.72. Following the sale, the chief financial officer directly owned 84,141 shares in the company, valued at $64,343,464.11. This trade represents a 17.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jennifer Newstead sold 519 shares of the firm's stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $757.50, for a total transaction of $393,142.50. Following the sale, the insider owned 31,389 shares in the company, valued at approximately $23,777,167.50. The trade was a 1.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 283,280 shares of company stock valued at $214,119,908. Insiders own 13.61% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. DA Davidson increased their price objective on shares of Meta Platforms from $650.00 to $825.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Stifel Nicolaus increased their price objective on shares of Meta Platforms from $845.00 to $900.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Loop Capital restated a "buy" rating and issued a $980.00 price objective (up from $888.00) on shares of Meta Platforms in a report on Tuesday, August 5th. Scotiabank increased their target price on shares of Meta Platforms from $675.00 to $685.00 and gave the stock a "sector perform" rating in a report on Thursday, July 31st. Finally, BMO Capital Markets increased their target price on shares of Meta Platforms from $610.00 to $710.00 and gave the stock a "market perform" rating in a 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 assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $822.41.

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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