Meta Platforms, Inc. $META Shares Purchased by Caisse DE Depot ET Placement DU Quebec

Key Points

• Caisse DE Depot ET Placement DU Quebec has increased its stake in Meta Platforms, Inc. by 7.7%, now owning approximately 1,659,619 shares valued at $956.5 million.
• Meta reported a 21.6% year-over-year increase in revenue to $47.52 billion, with an EPS of $7.14 for the last quarter, exceeding analysts' estimates.
• The company announced a quarterly dividend of $0.525 per share, resulting in an annualized yield of 0.3% as of June 26th.

Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 7.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,659,619 shares of the social networking company's stock after purchasing an additional 118,895 shares during the quarter. Meta Platforms accounts for approximately 2.0% of Caisse DE Depot ET Placement DU Quebec's portfolio, making the stock its 6th biggest position. Caisse DE Depot ET Placement DU Quebec owned about 0.07% of Meta Platforms worth $956,538,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of META. Csenge Advisory Group boosted its stake 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 buying an additional 1,019 shares during the period. Suvretta Capital Management LLC raised its position in shares of Meta Platforms by 1.1% during the 4th quarter. Suvretta Capital Management LLC now owns 170,338 shares of the social networking company's stock worth $99,735,000 after acquiring an additional 1,850 shares in the last quarter. Skye Global Management LP raised its position in shares of Meta Platforms by 130.9% during the 4th quarter. Skye Global Management LP now owns 76,200 shares of the social networking company's stock worth $44,616,000 after acquiring an additional 43,200 shares in the last quarter. ARQ Wealth Advisors LLC raised its position in shares of Meta Platforms by 4.5% during the 1st quarter. ARQ Wealth Advisors LLC now owns 785 shares of the social networking company's stock worth $452,000 after acquiring an additional 34 shares in the last quarter. Finally, JMG Financial Group Ltd. acquired a new stake in shares of Meta Platforms during the 1st quarter worth about $284,000. 79.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Robert W. Baird lifted their price target on Meta Platforms from $635.00 to $740.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. UBS Group lifted their price target on Meta Platforms from $812.00 to $897.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Royal Bank Of Canada lifted their price target on Meta Platforms from $740.00 to $840.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Evercore ISI lifted their price target on Meta Platforms from $725.00 to $750.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Finally, Citizens Jmp lifted their price target on Meta Platforms from $750.00 to $900.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Three research analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $822.41.

Insiders Place Their Bets

In other news, COO Javier Olivan sold 517 shares of the company's stock in a transaction on Monday, August 25th. The stock was sold at an average price of $755.11, for a total value of $390,391.87. Following the sale, the chief operating officer directly owned 12,611 shares in the company, valued at $9,522,692.21. This represents a 3.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert M. Kimmitt sold 465 shares of the company's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $784.32, for a total value of $364,708.80. Following the completion of the sale, the director owned 8,877 shares in the company, valued at $6,962,408.64. This represents a 4.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 313,803 shares of company stock valued at $235,398,025. Insiders own 13.61% of the company's stock.

Meta Platforms Price Performance

META traded down $12.40 during trading on Friday, reaching $738.71. 5,111,465 shares of the stock were exchanged, compared to its average volume of 14,980,169. The business's 50 day moving average price is $734.61 and its two-hundred day moving average price is $658.77. 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 $1.86 trillion, a price-to-earnings ratio of 26.70, a P/E/G ratio of 1.54 and a beta of 1.27. Meta Platforms, Inc. has a 1 year low of $479.80 and a 1 year high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its earnings results on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $44.55 billion. During the same period in the previous year, the business earned $5.16 earnings per share. Meta Platforms's quarterly revenue was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, equities research analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Company 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.