Hudson Value Partners LLC grew its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 26.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,343 shares of the social networking company's stock after buying an additional 704 shares during the quarter. Hudson Value Partners LLC's holdings in Meta Platforms were worth $2,467,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pachira Investments Inc. boosted its holdings in Meta Platforms by 3.0% in the second quarter. Pachira Investments Inc. now owns 488 shares of the social networking company's stock valued at $360,000 after acquiring an additional 14 shares during the last quarter. Shelton Wealth Management LLC boosted its holdings in Meta Platforms by 0.9% in the second quarter. Shelton Wealth Management LLC now owns 1,764 shares of the social networking company's stock valued at $1,302,000 after acquiring an additional 15 shares during the last quarter. Myecfo LLC boosted its holdings in Meta Platforms by 2.0% in the second quarter. Myecfo LLC now owns 776 shares of the social networking company's stock valued at $573,000 after acquiring an additional 15 shares during the last quarter. Kooman & Associates boosted its holdings in Meta Platforms by 2.8% in the second quarter. Kooman & Associates now owns 544 shares of the social networking company's stock valued at $402,000 after acquiring an additional 15 shares during the last quarter. Finally, Nabity Jensen Investment Management Inc boosted its holdings in Meta Platforms by 1.1% in the second quarter. Nabity Jensen Investment Management Inc now owns 1,378 shares of the social networking company's stock valued at $1,017,000 after acquiring an additional 15 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on META. Citizens Jmp raised their price target on Meta Platforms from $750.00 to $900.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. DA Davidson raised their target price on Meta Platforms from $650.00 to $825.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Bank of America raised their target price on Meta Platforms from $775.00 to $900.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Oppenheimer raised their target price on Meta Platforms from $775.00 to $870.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Finally, Needham & Company LLC upgraded Meta Platforms from an "underperform" rating to a "hold" rating in a report on Thursday, July 3rd. Four analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Meta Platforms presently has an average rating of "Moderate Buy" and a consensus target price of $830.61.
Check Out Our Latest Stock Report on META
Insider Activity at Meta Platforms
In related news, Director Robert M. Kimmitt sold 465 shares of Meta Platforms stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $757.47, for a total value of $352,223.55. Following the sale, the director owned 8,412 shares of the company's stock, valued at approximately $6,371,837.64. This trade represents a 5.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Javier Olivan sold 517 shares of Meta Platforms stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $704.81, for a total value of $364,386.77. Following the completion of the sale, the chief operating officer directly owned 9,509 shares in the company, valued at approximately $6,702,038.29. This represents a 5.16% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 213,663 shares of company stock valued at $164,574,107. 13.61% of the stock is owned by insiders.
Meta Platforms Trading Up 0.7%
NASDAQ:META opened at $717.84 on Thursday. The business's 50-day simple moving average is $753.89 and its 200-day simple moving average is $677.44. Meta Platforms, Inc. has a fifty-two week low of $479.80 and a fifty-two week high of $796.25. The stock has a market capitalization of $1.80 trillion, a PE ratio of 25.99, a price-to-earnings-growth ratio of 1.49 and a beta of 1.20. 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 announced its earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $44.55 billion. During the same quarter last year, the firm 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. Sell-side analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.
Meta Platforms Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were given a $0.525 dividend. 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 (DPR) is currently 7.60%.
About Meta Platforms
(
Free Report)
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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