Meta Platforms, Inc. $META Shares Acquired by Truist Financial Corp

Truist Financial Corp boosted its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 1.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 941,299 shares of the social networking company's stock after acquiring an additional 17,364 shares during the quarter. Meta Platforms accounts for 1.0% of Truist Financial Corp's holdings, making the stock its 15th largest position. Truist Financial Corp's holdings in Meta Platforms were worth $694,763,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock. Kingstone Capital Partners Texas LLC increased its stake in shares of Meta Platforms by 608,429.2% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 59,775,823 shares of the social networking company's stock valued at $44,119,937,000 after purchasing an additional 59,766,000 shares in the last quarter. Nuveen LLC purchased a new position in Meta Platforms during the first quarter worth approximately $2,990,544,000. Assenagon Asset Management S.A. grew its holdings in Meta Platforms by 712.2% in the first quarter. Assenagon Asset Management S.A. now owns 2,537,631 shares of the social networking company's stock valued at $1,462,589,000 after purchasing an additional 2,225,186 shares during the period. Amundi increased its position in shares of Meta Platforms by 23.5% in the first quarter. Amundi now owns 7,733,061 shares of the social networking company's stock valued at $4,111,050,000 after buying an additional 1,470,070 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Meta Platforms by 8.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 15,575,962 shares of the social networking company's stock worth $8,977,361,000 after buying an additional 1,255,546 shares during the period. Hedge funds and other institutional investors own 79.91% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. TD Cowen boosted their price target on shares of Meta Platforms from $800.00 to $875.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Cantor Fitzgerald reissued an "overweight" rating and set a $920.00 target price on shares of Meta Platforms in a research note on Wednesday, September 17th. Citizens Jmp upped their price target on shares of Meta Platforms from $750.00 to $900.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Guggenheim reiterated a "buy" rating and issued a $800.00 price objective (up from $725.00) on shares of Meta Platforms in a report on Monday, July 28th. Finally, Hsbc Global Res upgraded Meta Platforms from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 31st. Four analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $830.02.

Meta Platforms Price Performance

Shares of META stock opened at $715.66 on Tuesday. 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 company has a market capitalization of $1.80 trillion, a PE ratio of 25.91, a price-to-earnings-growth ratio of 1.48 and a beta of 1.20. The firm's 50-day moving average is $753.17 and its two-hundred day moving average is $676.91. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its quarterly 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 net margin of 39.99% and a return on equity of 39.33%. The business had revenue of $47.52 billion during the quarter, compared to the consensus estimate of $44.55 billion. During the same quarter last year, the firm earned $5.16 EPS. The business's revenue was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. Analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Announces Dividend

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

Insider Activity at Meta Platforms

In other Meta Platforms news, Director Robert M. Kimmitt sold 465 shares of the business's 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 $6,371,837.64. The trade was a 5.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jennifer Newstead sold 519 shares of the firm's stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $741.50, for a total value of $384,838.50. Following the transaction, the insider owned 29,832 shares of the company's stock, valued at approximately $22,120,428. This represents a 1.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 213,146 shares of company stock worth $164,209,720. Company insiders own 13.61% of the company's stock.

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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