Neville Rodie & Shaw Inc. Increases Stock Holdings in Meta Platforms, Inc. $META

Key Points

• Neville Rodie & Shaw Inc. increased its holdings in Meta Platforms by 1.5% during the 2nd quarter, acquiring an additional 415 shares, bringing their total shares to 27,483, valued at approximately $20.3 million.
• Insider Christopher K. Cox sold 60,000 shares for $46.6 million, marking a significant 20.19% decrease in their ownership, while CFO Susan J. Li also reduced her shares by 17.89% through a sale of 18,332 shares.
• Meta Platforms declared a quarterly dividend of $0.525, set to be paid on September 29th, reflecting an annualized dividend yield of 0.3% and a payout ratio of 7.60%.

Neville Rodie & Shaw Inc. lifted its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 1.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 27,483 shares of the social networking company's stock after purchasing an additional 415 shares during the quarter. Meta Platforms accounts for approximately 1.5% of Neville Rodie & Shaw Inc.'s investment portfolio, making the stock its 19th largest position. Neville Rodie & Shaw Inc.'s holdings in Meta Platforms were worth $20,286,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of META. GAMMA Investing LLC grew its holdings in shares of Meta Platforms by 67,172.9% in the first quarter. GAMMA Investing LLC now owns 23,452,665 shares of the social networking company's stock valued at $13,517,178,000 after purchasing an additional 23,417,803 shares in the last quarter. Nuveen LLC purchased a new position in shares of Meta Platforms in the first quarter valued at $2,990,544,000. Assenagon Asset Management S.A. boosted 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 buying an additional 2,225,186 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Meta Platforms during the fourth quarter worth $1,162,918,000. Finally, Amundi boosted 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 buying an additional 1,470,070 shares during the period. 79.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on META. Bank of America lifted their price objective on shares of Meta Platforms from $775.00 to $900.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Sanford C. Bernstein lifted their price objective on shares of Meta Platforms from $775.00 to $900.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. JPMorgan Chase & Co. lifted their target price on Meta Platforms from $795.00 to $875.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. TD Cowen lifted their target price on Meta Platforms from $800.00 to $875.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Finally, Scotiabank lifted their target price on Meta Platforms from $675.00 to $685.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 31st. Three investment analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $822.41.

Insiders Place Their Bets

In other Meta Platforms news, CFO Susan J. Li sold 18,332 shares of the business's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $764.71, for a total value of $14,018,663.72. Following the completion of the transaction, the chief financial officer directly owned 84,141 shares in the company, valued at approximately $64,343,464.11. The trade was a 17.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Mark Zuckerberg sold 15,847 shares of the business's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $753.43, for a total transaction of $11,939,605.21. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 283,280 shares of company stock worth $214,119,908. 13.61% of the stock is owned by corporate insiders.

Meta Platforms Stock Up 0.6%

Shares of META stock traded up $4.69 on Friday, hitting $755.59. The stock had a trading volume of 8,240,448 shares, compared to its average volume of 9,519,708. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.15. The business has a 50 day moving average price of $741.83 and a 200 day moving average price of $661.86. The company has a market cap of $1.90 trillion, a PE ratio of 27.36, a P/E/G ratio of 1.56 and a beta of 1.24. Meta Platforms, Inc. has a one year low of $479.80 and a one year high of $796.25.

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, topping analysts' consensus estimates of $5.75 by $1.39. The business had revenue of $47.52 billion during the quarter, compared to the consensus estimate of $44.55 billion. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The firm's revenue was up 21.6% on a year-over-year basis. During the same period in the previous year, the company posted $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. Research analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

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

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.