Meta Platforms, Inc. $META is Narwhal Capital Management's 8th Largest Position

Key Points

• Narwhal Capital Management increased its stake in Meta Platforms, Inc. by 11.5% during the second quarter, making it the company's 8th largest holding with a value of approximately $36.9 million.
• Wall Street analysts show strong confidence in Meta, with an average rating of "Moderate Buy" and a consensus target price of $830.68, following multiple upgrades from firms like DA Davidson and Bank of America.
• Meta Platforms recently reported earnings that exceeded expectations, achieving $7.14 EPS on revenues of $47.52 billion, reflecting a 21.6% increase compared to the previous year.

Narwhal Capital Management lifted its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 11.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 49,989 shares of the social networking company's stock after acquiring an additional 5,144 shares during the period. Meta Platforms accounts for approximately 3.0% of Narwhal Capital Management's holdings, making the stock its 8th biggest holding. Narwhal Capital Management's holdings in Meta Platforms were worth $36,896,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Pachira Investments Inc. grew its position in Meta Platforms by 3.0% during the 2nd quarter. Pachira Investments Inc. now owns 488 shares of the social networking company's stock worth $360,000 after purchasing an additional 14 shares during the last quarter. Shelton Wealth Management LLC grew its holdings in shares of Meta Platforms by 0.9% during the second quarter. Shelton Wealth Management LLC now owns 1,764 shares of the social networking company's stock worth $1,302,000 after buying an additional 15 shares in the last quarter. Myecfo LLC grew 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 purchasing an additional 15 shares during the period. Kooman & Associates grew 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 purchasing an additional 15 shares during the period. Finally, Nabity Jensen Investment Management Inc grew its stake in Meta Platforms by 1.1% during the second quarter. Nabity Jensen Investment Management Inc now owns 1,378 shares of the social networking company's stock worth $1,017,000 after buying an additional 15 shares during the period. Institutional investors own 79.91% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on META. DA Davidson boosted their target price on shares of Meta Platforms from $650.00 to $825.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Royal Bank Of Canada upped their price target on shares of Meta Platforms from $740.00 to $840.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Hsbc Global Res upgraded shares of Meta Platforms from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 31st. Bank of America raised their price objective on shares of Meta Platforms from $775.00 to $900.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Finally, Needham & Company LLC raised shares of Meta Platforms from an "underperform" rating to a "hold" rating in a research report on Thursday, July 3rd. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $830.68.

Meta Platforms Trading Down 0.8%

NASDAQ:META opened at $712.07 on Friday. The company has a market cap of $1.79 trillion, a P/E ratio of 25.78, a price-to-earnings-growth ratio of 1.50 and a beta of 1.20. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.15. Meta Platforms, Inc. has a twelve month low of $479.80 and a twelve month high of $796.25. The business has a 50 day moving average price of $747.80 and a two-hundred day moving average price of $682.13.

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, beating 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 quarter in the prior year, the firm posted $5.16 EPS. The firm'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, analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were given a $0.525 dividend. The ex-dividend date was Monday, September 22nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. Meta Platforms's dividend payout ratio (DPR) is presently 7.60%.

Insider Activity

In related news, COO Javier Olivan sold 517 shares of the firm's stock in a transaction dated Monday, October 13th. The stock was sold at an average price of $713.34, for a total value of $368,796.78. Following the sale, the chief operating officer directly owned 8,992 shares of the company's stock, valued at $6,414,353.28. This trade represents a 5.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Jennifer Newstead sold 519 shares of Meta Platforms stock in a transaction dated Tuesday, October 14th. The shares were sold at an average price of $707.85, for a total value of $367,374.15. Following the sale, the insider directly owned 28,794 shares in the company, valued at $20,381,832.90. The trade was a 1.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 213,717 shares of company stock worth $164,599,932 over the last ninety days. 13.61% of the stock is currently owned by insiders.

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.

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