Bridges Investment Management Inc. Acquires 11,911 Shares of Meta Platforms, Inc. $META

Bridges Investment Management Inc. increased its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 6.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 184,759 shares of the social networking company's stock after purchasing an additional 11,911 shares during the period. Meta Platforms makes up 1.8% of Bridges Investment Management Inc.'s investment portfolio, making the stock its 16th biggest holding. Bridges Investment Management Inc.'s holdings in Meta Platforms were worth $136,369,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Kingstone Capital Partners Texas LLC lifted its position in Meta Platforms by 608,429.2% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 59,775,823 shares of the social networking company's stock worth $44,119,937,000 after acquiring an additional 59,766,000 shares during the last quarter. Invesco Ltd. lifted its position in Meta Platforms by 2.3% during the 1st quarter. Invesco Ltd. now owns 17,669,795 shares of the social networking company's stock worth $10,184,163,000 after acquiring an additional 400,927 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Meta Platforms by 8.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 15,575,962 shares of the social networking company's stock worth $8,977,361,000 after acquiring an additional 1,255,546 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Meta Platforms by 4.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 12,543,468 shares of the social networking company's stock worth $7,229,553,000 after acquiring an additional 536,160 shares during the last quarter. Finally, Wellington Management Group LLP lifted its position in Meta Platforms by 2.5% during the 1st quarter. Wellington Management Group LLP now owns 10,041,171 shares of the social networking company's stock worth $5,787,329,000 after acquiring an additional 247,850 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors.

Insider Transactions at Meta Platforms

In other news, Director Robert M. Kimmitt sold 465 shares of the firm's stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $716.97, for a total transaction of $333,391.05. Following the completion of the sale, the director owned 7,947 shares of the company's stock, valued at approximately $5,697,760.59. This trade represents a 5.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Javier Olivan sold 517 shares of the firm's stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $721.30, for a total transaction of $372,912.10. Following the sale, the chief operating officer directly owned 8,475 shares of the company's stock, valued at approximately $6,113,017.50. The trade was a 5.75% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 214,182 shares of company stock valued at $164,951,541. Corporate insiders own 13.61% of the company's stock.

Meta Platforms Stock Performance

NASDAQ META opened at $738.36 on Friday. The firm has a market cap of $1.85 trillion, a price-to-earnings ratio of 26.73, a PEG ratio of 1.57 and a beta of 1.20. The company has a 50 day moving average of $742.11 and a 200-day moving average of $691.34. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15. Meta Platforms, Inc. has a 1-year low of $479.80 and a 1-year high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings data 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 analyst estimates of $44.55 billion. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The company's revenue was up 21.6% on a year-over-year basis. 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, equities analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were issued 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 dividend yield of 0.3%. Meta Platforms's dividend payout ratio (DPR) is presently 7.60%.

Analyst Ratings Changes

A number of research firms have weighed in on META. HSBC raised shares of Meta Platforms from a "hold" rating to a "buy" rating and boosted their target price for the stock from $610.00 to $900.00 in a research report on Thursday, July 31st. Robert W. Baird upped their price objective on shares of Meta Platforms from $635.00 to $740.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. Citigroup reaffirmed an "outperform" rating on shares of Meta Platforms in a research report on Thursday, July 31st. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Meta Platforms in a research report on Tuesday, October 14th. Finally, Raymond James Financial upped their price objective on shares of Meta Platforms from $750.00 to $900.00 and gave the company a "strong-buy" rating in a research report on Thursday, July 31st. Five analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $829.66.

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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