Triasima Portfolio Management inc. Boosts Holdings in Meta Platforms, Inc. $META

Key Points

• Triasima Portfolio Management inc. increased its holdings in Meta Platforms, Inc. by 15.8%, owning a total of 8,456 shares valued at approximately $6.24 million by the end of the second quarter.
• Meta reported strong quarterly earnings with a revenue of $47.52 billion and an EPS of $7.14, surpassing analysts' expectations significantly.
• Meta Platforms has received multiple analyst upgrades, with price targets raised by firms like Morgan Stanley and Canaccord Genuity, suggesting a positive outlook for the stock.

Triasima Portfolio Management inc. boosted its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 15.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,456 shares of the social networking company's stock after buying an additional 1,156 shares during the period. Meta Platforms makes up about 1.1% of Triasima Portfolio Management inc.'s holdings, making the stock its 28th biggest position. Triasima Portfolio Management inc.'s holdings in Meta Platforms were worth $6,241,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Csenge Advisory Group lifted its holdings in Meta Platforms by 12.0% in the first quarter. Csenge Advisory Group now owns 9,539 shares of the social networking company's stock valued at $5,498,000 after acquiring an additional 1,019 shares during the period. ARQ Wealth Advisors LLC lifted its holdings in Meta Platforms by 4.5% in the first quarter. ARQ Wealth Advisors LLC now owns 785 shares of the social networking company's stock valued at $452,000 after acquiring an additional 34 shares during the period. JMG Financial Group Ltd. acquired a new stake in Meta Platforms in the first quarter valued at $284,000. Infusive Asset Management Inc. lifted its holdings in Meta Platforms by 10.7% in the first quarter. Infusive Asset Management Inc. now owns 23,620 shares of the social networking company's stock valued at $13,614,000 after acquiring an additional 2,285 shares during the period. Finally, Spirepoint Private Client LLC lifted its holdings in Meta Platforms by 2.7% in the second quarter. Spirepoint Private Client LLC now owns 4,080 shares of the social networking company's stock valued at $3,011,000 after acquiring an additional 109 shares during the period. Institutional investors and hedge funds own 79.91% of the company's stock.

Meta Platforms Trading Up 1.3%

Meta Platforms stock opened at $717.55 on Thursday. The stock has a market cap of $1.80 trillion, a PE ratio of 25.98, a P/E/G ratio of 1.48 and a beta of 1.20. The stock has a 50-day moving average price of $748.80 and a 200 day moving average price of $681.19. Meta Platforms, Inc. has a 52 week low of $479.80 and a 52 week high of $796.25. 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 posted its quarterly earnings data 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 firm had revenue of $47.52 billion during the quarter, compared to analysts' expectations of $44.55 billion. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The firm's quarterly revenue was up 21.6% compared to the same quarter last year. During the same quarter last year, the business posted $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. Equities research analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were issued a $0.525 dividend. The ex-dividend date was Monday, September 22nd. This represents a $2.10 annualized dividend and a yield of 0.3%. Meta Platforms's payout ratio is 7.60%.

Wall Street Analysts Forecast Growth

META has been the subject of a number of recent analyst reports. Morgan Stanley raised their target price on Meta Platforms from $750.00 to $850.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Canaccord Genuity Group raised their target price on Meta Platforms from $825.00 to $850.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Meta Platforms in a research note on Tuesday. Zacks Research downgraded Meta Platforms from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Finally, Mizuho set a $925.00 price target on Meta Platforms and gave the stock an "outperform" rating in a research note on Monday, September 29th. Four research analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Meta Platforms presently has an average rating of "Moderate Buy" and an average target price of $830.68.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, Director Robert M. Kimmitt sold 465 shares of Meta Platforms stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $757.47, for a total value of $352,223.55. Following the completion of the sale, the director owned 8,412 shares in the company, valued at $6,371,837.64. The trade was a 5.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jennifer Newstead sold 519 shares of Meta Platforms stock in a transaction dated Tuesday, October 7th. The shares were sold at an average price of $716.98, for a total value of $372,112.62. Following the completion of the sale, the insider owned 29,313 shares of the company's stock, valued at $21,016,834.74. This trade represents a 1.74% decrease in their position. The disclosure for this sale can be found here. Insiders sold 213,198 shares of company stock worth $164,232,558 in the last 90 days. 13.61% of the stock is owned by company insiders.

Meta Platforms 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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