Rockland Trust Co. Has $31.03 Million Position in Meta Platforms, Inc. $META

Key Points

• Rockland Trust Co. has reduced its holdings in Meta Platforms, Inc. by 28.6%, owning 42,041 shares valued at approximately $31 million, making it the fund's 19th largest position.
• Multiple hedge funds, including GAMMA Investing LLC and Invesco Ltd., have significantly increased their stakes in Meta, with GAMMA's position growing by an astounding 67,172.9% in Q1.
• Meta Platforms reported a quarterly earnings per share (EPS) of $7.14, exceeding analysts' expectations of $5.75, with a revenue of $47.52 billion for the quarter.

Rockland Trust Co. reduced its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 28.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 42,041 shares of the social networking company's stock after selling 16,829 shares during the quarter. Meta Platforms comprises 1.5% of Rockland Trust Co.'s portfolio, making the stock its 19th biggest position. Rockland Trust Co.'s holdings in Meta Platforms were worth $31,030,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the company. GAMMA Investing LLC lifted its holdings in shares of Meta Platforms by 67,172.9% during the 1st 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. Invesco Ltd. increased its position in shares of Meta Platforms by 2.3% during the first quarter. Invesco Ltd. now owns 17,669,795 shares of the social networking company's stock worth $10,184,163,000 after acquiring an additional 400,927 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Meta Platforms by 8.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 15,575,962 shares of the social networking company's stock valued at $8,977,361,000 after acquiring an additional 1,255,546 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Meta Platforms by 4.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 12,543,468 shares of the social networking company's stock worth $7,229,553,000 after purchasing an additional 536,160 shares during the period. Finally, Wellington Management Group LLP boosted its stake in Meta Platforms by 2.5% in the 1st quarter. Wellington Management Group LLP now owns 10,041,171 shares of the social networking company's stock worth $5,787,329,000 after purchasing an additional 247,850 shares during the period. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Meta Platforms Price Performance

Meta Platforms stock traded down $13.22 during mid-day trading on Monday, reaching $765.16. 11,659,363 shares of the company were exchanged, compared to its average volume of 14,694,495. The company has a fifty day simple moving average of $747.06 and a 200-day simple moving average of $666.27. The firm has a market cap of $1.92 trillion, a PE ratio of 27.70, a PEG ratio of 1.62 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, 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 released its earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $44.55 billion. During the same period in the prior year, the firm posted $5.16 EPS. Meta Platforms's quarterly revenue was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, equities research analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

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

Insider Transactions at Meta Platforms

In other Meta Platforms news, insider Christopher K. Cox sold 60,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $775.95, for a total value of $46,557,000.00. Following the sale, the insider owned 237,205 shares in the company, valued at $184,059,219.75. This trade represents a 20.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Susan J. Li sold 18,332 shares of the business's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $764.71, for a total value of $14,018,663.72. Following the sale, the chief financial officer owned 84,141 shares in the company, valued at $64,343,464.11. This represents a 17.89% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 257,405 shares of company stock valued at $196,059,438. Corporate insiders own 13.61% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on META. Raymond James Financial boosted their price target on Meta Platforms from $750.00 to $900.00 and gave the company a "strong-buy" rating in a report on Thursday, July 31st. Oppenheimer boosted their target price on Meta Platforms from $775.00 to $870.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Roth Capital upped their price target on Meta Platforms from $620.00 to $740.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. BMO Capital Markets upped their target price on Meta Platforms from $610.00 to $710.00 and gave the stock a "market perform" rating in a report on Thursday, July 31st. Finally, Royal Bank Of Canada lifted their price objective on shares of Meta Platforms from $740.00 to $840.00 and gave the company 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 given a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target 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.