Meta Platforms, Inc. $META Shares Purchased by Peregrine Investment Management Inc.

Key Points

• Peregrine Investment Management Inc. increased its stake in Meta Platforms by 22.4% during the second quarter, owning 16,390 shares valued at approximately $12 million.
• Meta Platforms reported earnings per share of $7.14 for the recent quarter, exceeding analyst estimates of $5.75, with revenue hitting $47.52 billion, an increase of 21.6% year-over-year.
• The company declared a quarterly dividend of $0.525 per share, resulting in an annualized yield of 0.3%, to be paid on September 29th.

Peregrine Investment Management Inc. boosted its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 22.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,390 shares of the social networking company's stock after purchasing an additional 3,000 shares during the period. Meta Platforms makes up approximately 7.7% of Peregrine Investment Management Inc.'s portfolio, making the stock its 3rd biggest holding. Peregrine Investment Management Inc.'s holdings in Meta Platforms were worth $12,097,000 at the end of the most recent reporting period.

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

Meta Platforms Trading Down 0.7%

NASDAQ META opened at $743.75 on Friday. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25. 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 $1.87 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's fifty day moving average price is $751.74 and its two-hundred day moving average price is $670.84.

Meta Platforms (NASDAQ:META - Get Free Report) last posted 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 company had revenue of $47.52 billion for the quarter, compared to the consensus estimate of $44.55 billion. During the same period last year, the firm posted $5.16 EPS. The company'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, research analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

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

Insider Buying and Selling

In related news, insider Jennifer Newstead sold 519 shares of the stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $769.20, for a total value of $399,214.80. Following the sale, the insider owned 30,351 shares of the company's stock, valued at $23,345,989.20. This trade represents a 1.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $403,947.61. Following the completion of the sale, the chief operating officer directly owned 10,543 shares in the company, valued at approximately $8,237,562.19. This trade represents a 4.67% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 230,336 shares of company stock valued at $176,625,049 in the last quarter. Company insiders own 13.61% of the company's stock.

Wall Street Analyst Weigh In

META has been the subject of several recent research reports. Pivotal Research increased their price objective on shares of Meta Platforms from $830.00 to $930.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Wedbush increased their price objective on shares of Meta Platforms from $750.00 to $920.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. JPMorgan Chase & Co. increased their price objective on shares of Meta Platforms from $795.00 to $875.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Roth Capital increased their price objective on shares of Meta Platforms from $620.00 to $740.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Finally, Citizens Jmp raised their price target on shares of Meta Platforms from $750.00 to $900.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Three investment 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's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $826.05.

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.

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