Sonora Investment Management Group LLC lifted its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 1.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 42,422 shares of the social networking company's stock after acquiring an additional 629 shares during the period. Meta Platforms makes up approximately 2.3% of Sonora Investment Management Group LLC's investment portfolio, making the stock its 8th largest position. Sonora Investment Management Group LLC's holdings in Meta Platforms were worth $31,312,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Inlight Wealth Management LLC bought a new position in Meta Platforms in the 1st quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Meta Platforms in the 1st quarter worth $28,000. Evergreen Private Wealth LLC lifted its holdings in shares of Meta Platforms by 237.5% in the 2nd quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company's stock worth $40,000 after purchasing an additional 38 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. bought a new position in Meta Platforms during the 1st quarter valued at $33,000. Finally, Maseco LLP bought a new position in Meta Platforms during the 2nd quarter valued at $54,000. Institutional investors own 79.91% of the company's stock.
Insiders Place Their Bets
In other news, CTO Andrew Bosworth sold 11,694 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $775.00, for a total value of $9,062,850.00. Following the transaction, the chief technology officer owned 1,799 shares in the company, valued at $1,394,225. This trade represents a 86.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Mark Zuckerberg sold 15,847 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $753.43, for a total value of $11,939,605.21. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 214,182 shares of company stock worth $164,955,168. Company insiders own 13.61% of the company's stock.
Meta Platforms Price Performance
Shares of META stock opened at $710.56 on Friday. Meta Platforms, Inc. has a twelve month low of $479.80 and a twelve month high of $796.25. The stock has a market capitalization of $1.79 trillion, a price-to-earnings ratio of 25.73, a P/E/G ratio of 1.52 and a beta of 1.20. The stock has a fifty day simple moving average of $753.21 and a two-hundred day simple moving average of $674.82. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15.
Meta Platforms (NASDAQ:META - Get Free Report) last announced its earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, beating 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 company posted $5.16 EPS. The firm's quarterly revenue was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. On average, analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.
Meta Platforms Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were given a dividend of $0.525 per share. The ex-dividend date was Monday, September 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. Meta Platforms's dividend payout ratio is currently 7.60%.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on META shares. Royal Bank Of Canada lifted their target price on Meta Platforms from $740.00 to $840.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Monness Crespi & Hardt lifted their target price on Meta Platforms from $780.00 to $860.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Pivotal Research lifted their target price on Meta Platforms from $830.00 to $930.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Loop Capital reissued a "buy" rating and set a $980.00 price objective (up previously from $888.00) on shares of Meta Platforms in a report on Tuesday, August 5th. Finally, TD Cowen boosted 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. Four 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 stock presently has an average rating of "Moderate Buy" and a consensus target price of $830.02.
View Our Latest Stock Analysis on META
About Meta Platforms
(
Free Report)
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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