E. Ohman J or Asset Management AB Sells 2,271 Shares of Meta Platforms, Inc. $META

E. Ohman J or Asset Management AB lessened its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 2.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 97,564 shares of the social networking company's stock after selling 2,271 shares during the quarter. Meta Platforms comprises 1.8% of E. Ohman J or Asset Management AB's investment portfolio, making the stock its 11th largest position. E. Ohman J or Asset Management AB's holdings in Meta Platforms were worth $72,011,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of META. Lantern Wealth Advisors LLC grew its stake in Meta Platforms by 0.5% in the 4th quarter. Lantern Wealth Advisors LLC now owns 2,976 shares of the social networking company's stock worth $1,743,000 after buying an additional 14 shares in the last quarter. ABLE Financial Group LLC lifted its holdings in shares of Meta Platforms by 0.7% during the 4th quarter. ABLE Financial Group LLC now owns 2,136 shares of the social networking company's stock worth $1,251,000 after acquiring an additional 15 shares during the last quarter. Cedar Point Capital Partners LLC grew its position in Meta Platforms by 2.2% in the first quarter. Cedar Point Capital Partners LLC now owns 752 shares of the social networking company's stock worth $433,000 after acquiring an additional 16 shares in the last quarter. Mosaic Family Wealth Partners LLC increased its stake in Meta Platforms by 1.2% in the fourth quarter. Mosaic Family Wealth Partners LLC now owns 1,435 shares of the social networking company's stock valued at $840,000 after acquiring an additional 17 shares during the last quarter. Finally, Orin Green Financial LLC raised its position in Meta Platforms by 2.2% during the fourth quarter. Orin Green Financial LLC now owns 795 shares of the social networking company's stock valued at $465,000 after purchasing an additional 17 shares in the last quarter. Hedge funds and other institutional investors own 79.91% of the company's stock.

Analyst Ratings Changes

META has been the subject of a number of research reports. Bank of America upped their price objective on Meta Platforms from $775.00 to $900.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Benchmark raised their price objective on Meta Platforms from $800.00 to $890.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Guggenheim reissued a "buy" rating and set a $800.00 price objective (up from $725.00) on shares of Meta Platforms in a report on Monday, July 28th. Roth Capital raised their price objective on Meta Platforms from $620.00 to $740.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Finally, Wells Fargo & Company raised their price objective on Meta Platforms from $783.00 to $811.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Three equities 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 stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $822.41.

Insiders Place Their Bets

In other news, CFO Susan J. Li sold 18,332 shares of Meta Platforms stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $764.71, for a total value of $14,018,663.72. Following the sale, the chief financial officer directly owned 84,141 shares in the company, valued at approximately $64,343,464.11. This trade represents a 17.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jennifer Newstead sold 519 shares of Meta Platforms stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $757.50, for a total value of $393,142.50. Following the completion of the sale, the insider owned 31,389 shares in the company, valued at approximately $23,777,167.50. This represents a 1.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 268,505 shares of company stock valued at $203,749,711 in the last 90 days. 13.61% of the stock is owned by corporate insiders.

Meta Platforms Price Performance

Shares of Meta Platforms stock opened at $755.59 on Monday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.97 and a quick ratio of 1.97. The business's 50 day simple moving average is $741.83 and its two-hundred day simple moving average is $661.86. The stock has a market capitalization of $1.90 trillion, a P/E ratio of 27.36, a price-to-earnings-growth ratio of 1.56 and a beta of 1.24. Meta Platforms, Inc. has a one year low of $479.80 and a one year high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its quarterly 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 business had revenue of $47.52 billion for the quarter, compared to analysts' expectations of $44.55 billion. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The business's quarterly revenue was up 21.6% on a year-over-year basis. During the same period in the previous year, the firm earned $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. Analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current 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. 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 currently 7.60%.

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.

Want to see what other hedge funds are holding META? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Meta Platforms, Inc. (NASDAQ:META - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.