AMF Tjanstepension AB Grows Stake in Meta Platforms, Inc. $META

Key Points

• AMF Tjanstepension AB increased its stake in Meta Platforms, Inc. by 7.8%, owning 507,808 shares valued at approximately $374.8 million, making it the company's 12th largest investor.
• Meta recently reported earnings of $7.14 EPS, exceeding analyst estimates, with revenues reaching $47.52 billion for the quarter, indicating a year-over-year growth of 21.6%.
• The company also announced a quarterly dividend of $0.525 per share, which reflects an annualized yield of 0.3%.

AMF Tjanstepension AB lifted its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 7.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 507,808 shares of the social networking company's stock after buying an additional 36,617 shares during the period. Meta Platforms makes up about 2.5% of AMF Tjanstepension AB's investment portfolio, making the stock its 12th biggest position. AMF Tjanstepension AB's holdings in Meta Platforms were worth $374,831,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Inlight Wealth Management LLC purchased a new stake in Meta Platforms in the first quarter worth about $25,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in Meta Platforms in the first quarter worth about $28,000. Evergreen Private Wealth LLC increased its position 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 worth $40,000 after buying an additional 38 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Meta Platforms in the first quarter worth about $33,000. Finally, Maseco LLP purchased a new stake in Meta Platforms in the second quarter worth about $54,000. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Meta Platforms Price Performance

NASDAQ:META opened at $705.30 on Friday. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $1.77 trillion, a P/E ratio of 25.54, a P/E/G ratio of 1.47 and a beta of 1.20. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25. The business's 50-day moving average is $752.20 and its 200 day moving average is $679.24.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its earnings results 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. The company had revenue of $47.52 billion for 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%.The firm's revenue for the quarter was up 21.6% on a year-over-year basis. During the same period in the previous year, the business earned $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. On average, equities research analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were paid a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, September 22nd. Meta Platforms's dividend payout ratio (DPR) is presently 7.60%.

Analyst Ratings Changes

A number of analysts have commented on META shares. Robert W. Baird upped their price target on Meta Platforms from $635.00 to $740.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. Sanford C. Bernstein boosted their price objective on Meta Platforms from $775.00 to $900.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. BMO Capital Markets boosted their price objective on Meta Platforms from $610.00 to $710.00 and gave the company a "market perform" rating in a research 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 research report on Tuesday, August 5th. Finally, Wedbush boosted their price objective on Meta Platforms from $750.00 to $920.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Four investment analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $830.68.

Insider Buying and Selling

In other Meta Platforms news, CFO Susan J. Li sold 18,332 shares of Meta Platforms 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 completion of the transaction, the chief financial officer directly owned 84,141 shares of the company's stock, valued at $64,343,464.11. The trade was a 17.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Andrew Bosworth sold 11,694 shares of Meta Platforms stock in a transaction on Monday, August 18th. The stock was sold at an average price of $775.00, for a total transaction of $9,062,850.00. Following the transaction, the chief technology officer directly owned 1,799 shares of the company's stock, valued at $1,394,225. The trade was a 86.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 214,182 shares of company stock worth $164,946,219 in the last 90 days. Company insiders own 13.61% of the company's stock.

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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