Nabity Jensen Investment Management Inc grew its position in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 1.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,378 shares of the social networking company’s stock after purchasing an additional 15 shares during the quarter. Meta Platforms comprises approximately 0.8% of Nabity Jensen Investment Management Inc’s investment portfolio, making the stock its 29th biggest holding. Nabity Jensen Investment Management Inc’s holdings in Meta Platforms were worth $1,017,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of META. Inlight Wealth Management LLC purchased a new stake in shares of Meta Platforms during the first quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Meta Platforms during the first quarter valued at $28,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Meta Platforms during the first quarter valued at $33,000. Evergreen Private Wealth LLC grew its holdings in shares of Meta Platforms by 237.5% during the second quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company’s stock valued at $40,000 after buying an additional 38 shares during the last quarter. Finally, JCIC Asset Management Inc. grew its holdings in shares of Meta Platforms by 102.6% during the first 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 during the last quarter. 79.91% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
META has been the topic of a number of research analyst reports. UBS Group boosted their price objective on shares of Meta Platforms from $812.00 to $897.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Hsbc Global Res raised shares of Meta Platforms from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 31st. Benchmark boosted their target price on shares of Meta Platforms from $800.00 to $890.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Raymond James Financial boosted their target price on shares of Meta Platforms from $750.00 to $900.00 and gave the company a “strong-buy” rating in a research report on Thursday, July 31st. Finally, HSBC upgraded shares of Meta Platforms from a “hold” rating to a “buy” rating and boosted their target price for the company from $610.00 to $900.00 in a research report on Thursday, July 31st. Four 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 currently has an average rating of “Moderate Buy” and a consensus target price of $830.61.
Meta Platforms Trading Down 0.4%
Shares of Meta Platforms stock opened at $713.08 on Wednesday. The firm has a 50-day simple moving average of $753.44 and a two-hundred day simple moving average of $677.16. The company has a market cap of $1.79 trillion, a P/E ratio of 25.82, a price-to-earnings-growth ratio of 1.49 and a beta of 1.20. Meta Platforms, Inc. has a fifty-two week low of $479.80 and a fifty-two week high of $796.25. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.97.
Meta Platforms (NASDAQ:META – Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 earnings per share 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 company’s revenue was up 21.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, equities analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.
Meta Platforms Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were given a $0.525 dividend. The ex-dividend date was Monday, September 22nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. Meta Platforms’s dividend payout ratio is 7.60%.
Insider Activity
In other news, insider Christopher K. Cox sold 60,000 shares of the business’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $775.95, for a total transaction of $46,557,000.00. Following the completion of the sale, the insider owned 237,205 shares of the company’s stock, valued at $184,059,219.75. The trade was a 20.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Mark Zuckerberg sold 15,847 shares of the business’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $769.38, for a total transaction of $12,192,364.86. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 213,146 shares of company stock worth $164,209,720. 13.61% of the stock is currently owned by insiders.
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.
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