Folger Nolan Fleming Douglas Capital Management Inc. Purchases 385 Shares of Meta Platforms, Inc. $META

Key Points

• Folger Nolan Fleming Douglas Capital Management Inc. increased its stake in Meta Platforms by 3.1%, now holding 12,807 shares worth approximately $9.45 million, making it the fund's 24th largest investment.
• Recent insider trading included CFO Susan J. Li selling 18,332 shares and CEO Mark Zuckerberg selling 15,847 shares, with insiders collectively selling over $164 million in shares in the last 90 days.
• Meta Platforms recently reported strong quarterly earnings of $7.14 per share, significantly above analysts' expectations, with revenues of $47.52 billion, marking a 21.6% year-over-year increase.

Folger Nolan Fleming Douglas Capital Management Inc. boosted its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 3.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,807 shares of the social networking company's stock after acquiring an additional 385 shares during the period. Meta Platforms accounts for 1.0% of Folger Nolan Fleming Douglas Capital Management Inc.'s investment portfolio, making the stock its 24th biggest position. Folger Nolan Fleming Douglas Capital Management Inc.'s holdings in Meta Platforms were worth $9,453,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC boosted its stake in shares of 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 valued at $44,119,937,000 after purchasing an additional 59,766,000 shares in the last quarter. Nuveen LLC bought a new stake in shares of Meta Platforms during the 1st quarter valued at about $2,990,544,000. Amundi boosted its stake in shares of Meta Platforms by 23.5% during the 1st quarter. Amundi now owns 7,733,061 shares of the social networking company's stock valued at $4,111,050,000 after purchasing an additional 1,470,070 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of 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 valued at $8,977,361,000 after purchasing an additional 1,255,546 shares in the last quarter. Finally, Strs Ohio bought a new stake in shares of Meta Platforms during the 1st quarter valued at about $571,086,000. Institutional investors own 79.91% of the company's stock.

Insider Activity at Meta Platforms

In other news, CFO Susan J. Li sold 18,332 shares of the business's stock in a transaction that occurred 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mark Zuckerberg sold 15,847 shares of the business's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $769.38, for a total transaction of $12,192,364.86. The disclosure for this sale can be found here. Insiders sold 213,146 shares of company stock valued at $164,196,453 over the last ninety days. Company insiders own 13.61% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on META shares. Truist Financial set a $880.00 target price on shares of Meta Platforms in a research note on Thursday, September 18th. JPMorgan Chase & Co. boosted their price objective on shares of Meta Platforms from $795.00 to $875.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. UBS Group boosted their price objective on shares of Meta Platforms from $897.00 to $900.00 and gave the stock a "buy" rating in a research note on Thursday, October 9th. Needham & Company LLC raised shares of Meta Platforms from an "underperform" rating to a "hold" rating in a research note on Thursday, July 3rd. Finally, Bank of America boosted their price objective on shares of Meta Platforms from $775.00 to $900.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $829.66.

Meta Platforms Trading Up 2.1%

Shares of NASDAQ META opened at $732.17 on Tuesday. The firm's 50 day moving average price is $746.08 and its 200-day moving average price is $686.38. The company has a market cap of $1.84 trillion, a PE ratio of 26.51, a P/E/G ratio of 1.50 and a beta of 1.20. Meta Platforms, Inc. has a 52-week low of $479.80 and a 52-week high of $796.25. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current 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 earnings per share for the quarter, beating the consensus estimate of $5.75 by $1.39. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The firm had revenue of $47.52 billion during the quarter, compared to analysts' expectations of $44.55 billion. During the same period in the previous year, the company earned $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. On average, equities research analysts expect 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 was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were issued a dividend of $0.525 per share. 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 payout ratio is presently 7.60%.

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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