Harbour Investments Inc. Has $9.80 Million Stock Position in Meta Platforms, Inc. $META

Harbour Investments Inc. increased its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 16.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,283 shares of the social networking company's stock after buying an additional 1,883 shares during the period. Harbour Investments Inc.'s holdings in Meta Platforms were worth $9,804,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Barnes Dennig Private Wealth Management LLC acquired a new position in Meta Platforms during the 1st quarter valued at about $28,000. Evergreen Private Wealth LLC lifted its position in Meta Platforms by 237.5% during the 2nd quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company's stock valued at $40,000 after purchasing an additional 38 shares during the period. MJT & Associates Financial Advisory Group Inc. acquired a new position in Meta Platforms during the 1st quarter valued at about $33,000. Maseco LLP acquired a new position in Meta Platforms during the 2nd quarter valued at about $54,000. Finally, JCIC Asset Management Inc. lifted its position in Meta Platforms by 102.6% during the 1st quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company's stock valued at $46,000 after purchasing an additional 40 shares during the period. Institutional investors and hedge funds own 79.91% of the company's stock.

Analysts Set New Price Targets

META has been the topic of a number of research reports. JPMorgan Chase & Co. upped their target price on shares of Meta Platforms from $795.00 to $875.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Canaccord Genuity Group upped their target price on shares of Meta Platforms from $825.00 to $850.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Scotiabank upped their target price on shares of Meta Platforms from $675.00 to $685.00 and gave the company a "sector perform" rating in a research report on Thursday, July 31st. TD Cowen upped their target price on shares of Meta Platforms from $800.00 to $875.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Finally, Raymond James Financial upped their price target on Meta Platforms from $750.00 to $900.00 and gave the company a "strong-buy" rating in a research note on Thursday, July 31st. Five research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Meta Platforms presently has an average rating of "Buy" and an average price target of $829.66.

Insider Buying and Selling

In related news, Director Robert M. Kimmitt sold 465 shares of the stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $716.97, for a total transaction of $333,391.05. Following the completion of the sale, the director directly owned 7,947 shares of the company's stock, valued at approximately $5,697,760.59. This represents a 5.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jennifer Newstead sold 519 shares of the stock in a transaction that occurred on Tuesday, October 21st. The stock was sold at an average price of $736.37, for a total value of $382,176.03. Following the sale, the insider directly owned 28,275 shares of the company's stock, valued at approximately $20,820,861.75. The trade was a 1.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 214,182 shares of company stock valued at $164,951,541. 13.61% of the stock is owned by corporate insiders.

Meta Platforms Stock Performance

Shares of META stock opened at $738.36 on Friday. 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 stock has a market cap of $1.85 trillion, a PE ratio of 26.73, a price-to-earnings-growth ratio of 1.56 and a beta of 1.20. The stock has a 50-day moving average of $742.11 and a 200-day moving average of $690.10. 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 posted its earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.75 by $1.39. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The business had revenue of $47.52 billion during the quarter, compared to analysts' expectations of $44.55 billion. During the same period in the prior year, the business earned $5.16 EPS. Meta Platforms's revenue for the quarter was up 21.6% compared to the same quarter last year. 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 earnings per share for the current year.

Meta Platforms Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Monday, September 22nd. Meta Platforms's dividend payout ratio is presently 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.

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