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Meta Platforms, Inc. $META Shares Acquired by Norden Group LLC

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Key Points

  • Norden Group LLC increased its holdings in Meta Platforms by 9.7%, now owning 12,256 shares valued at approximately $9.05 million, making it the firm's 14th largest position.
  • Meta Platforms reported a Q2 EPS of $7.14, significantly exceeding analysts' expectations and demonstrating a 21.6% year-over-year revenue growth to $47.52 billion.
  • A recently declared quarterly dividend of $0.525 per share is set to be paid on September 29th, representing an annual yield of 0.3%.
  • Interested in Meta Platforms? Here are five stocks we like better.

Norden Group LLC lifted its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 9.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,256 shares of the social networking company's stock after buying an additional 1,088 shares during the quarter. Meta Platforms makes up approximately 1.0% of Norden Group LLC's investment portfolio, making the stock its 14th largest position. Norden Group LLC's holdings in Meta Platforms were worth $9,047,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Pachira Investments Inc. raised its stake in shares of 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 buying an additional 14 shares during the period. Myecfo LLC raised its stake in Meta Platforms by 2.0% in the 2nd 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 last quarter. Shelton Wealth Management LLC raised its stake in Meta Platforms by 0.9% in the 2nd quarter. Shelton Wealth Management LLC now owns 1,764 shares of the social networking company's stock valued at $1,302,000 after purchasing an additional 15 shares during the last quarter. Kooman & Associates raised its stake in Meta Platforms by 2.8% in the 2nd 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 last quarter. Finally, Cedar Point Capital Partners LLC raised its stake in Meta Platforms by 2.2% in the 1st quarter. Cedar Point Capital Partners LLC now owns 752 shares of the social networking company's stock valued at $433,000 after purchasing an additional 16 shares during the last quarter. 79.91% of the stock is owned by institutional investors and hedge funds.

Meta Platforms Stock Performance

Shares of Meta Platforms stock opened at $743.75 on Friday. The business has a 50-day moving average of $751.74 and a 200 day moving average of $670.84. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25. The stock has a market capitalization of $1.87 trillion, a price-to-earnings ratio of 26.93, a price-to-earnings-growth ratio of 1.55 and a beta of 1.24. 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 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 company had revenue of $47.52 billion during the quarter, compared to analysts' expectations of $44.55 billion. During the same period last year, the business posted $5.16 EPS. Meta Platforms's revenue for the quarter was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, sell-side analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts recently commented on META shares. Barclays increased their price objective on Meta Platforms from $640.00 to $810.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. JPMorgan Chase & Co. increased their price objective on Meta Platforms from $795.00 to $875.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Oppenheimer upped their target price on Meta Platforms from $775.00 to $870.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Pivotal Research upped their target price on Meta Platforms from $830.00 to $930.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Finally, Hsbc Global Res upgraded Meta Platforms from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 31st. Three 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 company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $826.05.

Check Out Our Latest Research Report on Meta Platforms

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, COO Javier Olivan sold 517 shares of the stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $781.33, for a total value of $403,947.61. Following the sale, the chief operating officer owned 10,543 shares of the company's stock, valued at $8,237,562.19. This trade represents a 4.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert M. Kimmitt sold 465 shares of the stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $757.47, for a total value of $352,223.55. Following the completion of the sale, the director directly owned 8,412 shares in the company, valued at $6,371,837.64. This represents a 5.24% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 230,336 shares of company stock valued at $176,625,049 in the last quarter. Corporate insiders own 13.61% of the company's stock.

Meta Platforms Profile

(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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Want to see what other hedge funds are holding META? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Meta Platforms, Inc. (NASDAQ:META - Free Report).

Institutional Ownership by Quarter for Meta Platforms (NASDAQ:META)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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