Groupama Asset Managment Raises Stock Position in Meta Platforms, Inc. $META

Key Points

• Groupama Asset Management increased its holdings in Meta Platforms by 19.8%, owning 192,614 shares valued at approximately $111 million, making it the 26th largest position in their portfolio.
• Insiders at Meta, including CEO Mark Zuckerberg, sold significant shares recently, with Zuckerberg selling 15,847 shares for over $11.9 million and insider Christopher K. Cox selling 60,000 shares for about $46.6 million.
• Meta Platforms exceeded analysts' expectations in their latest quarterly earnings, reporting earnings per share of $7.14 on revenue of $47.52 billion, up 21.6% year-over-year.

Groupama Asset Managment raised its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 19.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 192,614 shares of the social networking company's stock after purchasing an additional 31,897 shares during the period. Meta Platforms comprises 0.9% of Groupama Asset Managment's portfolio, making the stock its 26th biggest position. Groupama Asset Managment's holdings in Meta Platforms were worth $111,088,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Csenge Advisory Group raised its holdings in shares of Meta Platforms by 12.0% in the 1st quarter. Csenge Advisory Group now owns 9,539 shares of the social networking company's stock valued at $5,498,000 after purchasing an additional 1,019 shares in the last quarter. Suvretta Capital Management LLC boosted its stake in shares of Meta Platforms by 1.1% during the fourth quarter. Suvretta Capital Management LLC now owns 170,338 shares of the social networking company's stock valued at $99,735,000 after purchasing an additional 1,850 shares in the last quarter. Skye Global Management LP increased its holdings in Meta Platforms by 130.9% during the fourth quarter. Skye Global Management LP now owns 76,200 shares of the social networking company's stock valued at $44,616,000 after buying an additional 43,200 shares during the period. ARQ Wealth Advisors LLC raised its stake in Meta Platforms by 4.5% in the first quarter. ARQ Wealth Advisors LLC now owns 785 shares of the social networking company's stock worth $452,000 after buying an additional 34 shares in the last quarter. Finally, JMG Financial Group Ltd. bought a new position in Meta Platforms in the first quarter worth approximately $284,000. 79.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on META. Rosenblatt Securities boosted their price target on Meta Platforms from $846.00 to $918.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Oppenheimer boosted their target price on Meta Platforms from $775.00 to $870.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Citizens Jmp boosted their target price on Meta Platforms from $750.00 to $900.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. JPMorgan Chase & Co. boosted their target price on Meta Platforms from $795.00 to $875.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Finally, Evercore ISI boosted their target price on Meta Platforms from $725.00 to $750.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $822.41.

Meta Platforms Stock Performance

NASDAQ META traded up $15.69 on Friday, reaching $754.79. 10,590,214 shares of the company's stock traded hands, compared to its average volume of 13,538,896. Meta Platforms, Inc. has a fifty-two week low of $479.80 and a fifty-two 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. The firm has a market cap of $1.90 trillion, a price-to-earnings ratio of 27.33, a P/E/G ratio of 1.57 and a beta of 1.27. The stock has a 50 day moving average price of $730.31 and a 200-day moving average price of $657.36.

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 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 analyst estimates of $44.55 billion. During the same quarter last year, the business posted $5.16 EPS. The company's revenue was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. Equities research analysts predict 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 Thursday, June 26th. Shareholders of record on Monday, June 16th were issued a $0.525 dividend. The ex-dividend date of this dividend was Monday, June 16th. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. Meta Platforms's payout ratio is presently 7.60%.

Insiders Place Their Bets

In other news, Director Robert M. Kimmitt sold 465 shares of the firm's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $784.32, for a total transaction of $364,708.80. Following the sale, the director owned 8,877 shares of the company's stock, valued at $6,962,408.64. This trade represents a 4.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Andrew Bosworth sold 11,694 shares of Meta Platforms stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $775.00, for a total transaction of $9,062,850.00. Following the transaction, the chief technology officer directly owned 1,799 shares of the company's stock, valued at approximately $1,394,225. This trade represents a 86.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 313,803 shares of company stock worth $235,276,424. Corporate insiders own 13.61% of the company's stock.

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.