True North Advisors LLC Increases Position in Meta Platforms, Inc. $META

Key Points

• True North Advisors LLC significantly increased its stake in Meta Platforms by 102.9% during the second quarter, now owning 4,614 shares valued at approximately $3.4 million.
• Major equities analysts have raised their price targets for Meta Platforms, with Royal Bank of Canada increasing it from $740 to $840, while UBS Group raised theirs to $897.
• Meta Platforms announced a quarterly dividend of $0.525 per share, with a yield of 0.3% and a payout ratio of 7.60%.

True North Advisors LLC lifted its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 102.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,614 shares of the social networking company's stock after purchasing an additional 2,340 shares during the period. True North Advisors LLC's holdings in Meta Platforms were worth $3,405,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Inlight Wealth Management LLC acquired a new position in shares of Meta Platforms during the 1st quarter worth about $25,000. Barnes Dennig Private Wealth Management LLC acquired a new position in Meta Platforms in the first quarter valued at approximately $28,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Meta Platforms during the first quarter worth approximately $33,000. Evergreen Private Wealth LLC lifted its position in shares of Meta Platforms by 237.5% during the 2nd quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company's stock worth $40,000 after buying an additional 38 shares during the last quarter. Finally, JCIC Asset Management Inc. boosted its holdings in shares of Meta Platforms by 102.6% in the 1st quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company's stock valued at $46,000 after buying an additional 40 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Royal Bank Of Canada upped their price objective on shares of Meta Platforms from $740.00 to $840.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Cantor Fitzgerald reissued an "overweight" rating and issued a $920.00 target price on shares of Meta Platforms in a research report on Wednesday, September 17th. DA Davidson lifted their price target on Meta Platforms from $650.00 to $825.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. UBS Group boosted their price objective on Meta Platforms from $812.00 to $897.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Finally, Canaccord Genuity Group lifted their target price on shares of Meta Platforms from $825.00 to $850.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. Three research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $830.02.

Insider Activity

In related news, COO Javier Olivan sold 517 shares of Meta Platforms stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $781.33, for a total value of $403,947.61. Following the sale, the chief operating officer directly owned 10,543 shares in the company, valued at $8,237,562.19. The trade was a 4.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert M. Kimmitt sold 465 shares of the stock in a transaction on 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 transaction, the director owned 8,412 shares of the company's stock, valued at $6,371,837.64. The trade was a 5.24% decrease in their position. The disclosure for this sale can be found here. Insiders sold 213,146 shares of company stock valued at $164,183,241 in the last three months. 13.61% of the stock is currently owned by company insiders.

Meta Platforms Stock Performance

NASDAQ:META opened at $734.38 on Wednesday. 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 firm has a market cap of $1.84 trillion, a price-to-earnings ratio of 26.59, a price-to-earnings-growth ratio of 1.55 and a beta of 1.24. The firm's fifty day moving average price is $752.94 and its 200 day moving average price is $672.78. Meta Platforms, Inc. has a 1-year low of $479.80 and a 1-year 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 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $44.55 billion. During the same quarter last year, the business earned $5.16 EPS. The business's revenue was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. On average, sell-side analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Announces Dividend

The firm also recently announced 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 annualized dividend and a yield of 0.3%. Meta Platforms's payout ratio is presently 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.

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