Financiere des Professionnels Fonds d investissement inc. Takes Position in Meta Platforms, Inc. $META

Key Points

• Financiere des Professionnels Fonds d investissement inc. has acquired 8,915 shares of Meta Platforms, Inc., valued at approximately $6.58 million.
• Meta Platforms reported $7.14 earnings per share for the last quarter, significantly beating analysts' estimates of $5.75, and had a revenue of $47.52 billion.
• The company will pay a quarterly dividend of $0.525 per share, which is set to be issued to stockholders on September 29th, representing a 0.3% dividend yield.

Financiere des Professionnels Fonds d investissement inc. purchased a new position in Meta Platforms, Inc. (NASDAQ:META - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 8,915 shares of the social networking company's stock, valued at approximately $6,580,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its position in Meta Platforms by 1.7% during the fourth quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock valued at $20,230,000 after buying an additional 570 shares during the period. Revolve Wealth Partners LLC lifted its position in Meta Platforms by 10.2% during the fourth quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company's stock valued at $5,537,000 after buying an additional 875 shares during the period. Bank Pictet & Cie Europe AG lifted its position in Meta Platforms by 3.5% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 221,459 shares of the social networking company's stock valued at $129,666,000 after buying an additional 7,587 shares during the period. Vermillion Wealth Management Inc. purchased a new position in Meta Platforms during the fourth quarter valued at $303,000. Finally, Perennial Advisors LLC purchased a new position in Meta Platforms during the fourth quarter valued at $2,294,000. Hedge funds and other institutional investors own 79.91% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on META. Piper Sandler raised their price objective on Meta Platforms from $808.00 to $880.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Loop Capital restated a "buy" rating and set a $980.00 price target (up from $888.00) on shares of Meta Platforms in a report on Tuesday, August 5th. Roth Capital raised their price target on Meta Platforms from $620.00 to $740.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Canaccord Genuity Group raised their price target on Meta Platforms from $825.00 to $850.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. Finally, Needham & Company LLC upgraded Meta Platforms from an "underperform" rating to a "hold" rating in a report on Thursday, July 3rd. Three investment analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $826.05.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, Director Robert M. Kimmitt sold 465 shares of the business's stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $757.47, for a total transaction of $352,223.55. Following the completion of the sale, the director directly owned 8,412 shares in the company, valued at $6,371,837.64. The trade was a 5.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jennifer Newstead sold 519 shares of the business's stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $767.16, for a total value of $398,156.04. Following the sale, the insider owned 30,870 shares of the company's stock, valued at approximately $23,682,229.20. This represents a 1.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 257,405 shares of company stock worth $196,059,438 in the last three months. 13.61% of the stock is currently owned by company insiders.

Meta Platforms Stock Performance

NASDAQ META traded down $13.22 during trading hours on Monday, hitting $765.16. The company's stock had a trading volume of 11,659,363 shares, compared to its average volume of 9,828,774. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25. The company's 50 day simple moving average is $747.06 and its two-hundred day simple moving average is $666.27. The company has a market cap of $1.92 trillion, a P/E ratio of 27.70, a price-to-earnings-growth ratio of 1.62 and a beta of 1.24. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.97 and a quick ratio of 1.97.

Meta Platforms (NASDAQ:META - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 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 company had revenue of $47.52 billion during the quarter, compared to the consensus estimate of $44.55 billion. During the same period last year, the company earned $5.16 EPS. Meta Platforms's revenue for the quarter was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, sell-side analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 22nd will be paid 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 payout ratio is currently 7.60%.

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.