Overbrook Management Corp Acquires 7,951 Shares of Meta Platforms, Inc. $META

Overbrook Management Corp raised its holdings in Meta Platforms, Inc. (NASDAQ:META) by 20.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 47,028 shares of the social networking company’s stock after buying an additional 7,951 shares during the quarter. Meta Platforms accounts for 6.5% of Overbrook Management Corp’s investment portfolio, making the stock its 3rd largest holding. Overbrook Management Corp’s holdings in Meta Platforms were worth $34,711,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Inlight Wealth Management LLC bought a new position in shares of Meta Platforms in the 1st quarter worth $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 shares of Meta Platforms in the 1st quarter worth $33,000. Finally, Maseco LLP bought a new position in shares of Meta Platforms in the 2nd quarter worth $54,000. 79.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

META has been the topic of a number of recent research reports. Piper Sandler increased their target price on Meta Platforms from $808.00 to $880.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Benchmark increased their target price on Meta Platforms from $800.00 to $890.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Needham & Company LLC raised Meta Platforms from an “underperform” rating to a “hold” rating in a research report on Thursday, July 3rd. Citigroup reissued an “outperform” rating on shares of Meta Platforms in a research report on Thursday, July 31st. Finally, Canaccord Genuity Group increased their price target on Meta Platforms from $825.00 to $850.00 and gave the company a “buy” rating in a research report on Wednesday, July 16th. 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 has an average rating of “Moderate Buy” and a consensus target price of $830.02.

Meta Platforms Stock Performance

Shares of META opened at $710.56 on Friday. The company has a market cap of $1.79 trillion, a PE ratio of 25.73, a price-to-earnings-growth ratio of 1.52 and a beta of 1.20. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15. The stock has a 50-day moving average price of $753.21 and a 200-day moving average price of $674.82. Meta Platforms, Inc. has a 12-month low of $479.80 and a 12-month high of $796.25.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.75 by $1.39. The firm had revenue of $47.52 billion during the quarter, compared to the consensus estimate of $44.55 billion. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The company’s revenue for the quarter was up 21.6% on a year-over-year basis. During the same quarter last year, the company posted $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, equities analysts forecast 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. Stockholders of record on Monday, September 22nd were given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Monday, September 22nd. Meta Platforms’s dividend payout ratio (DPR) is 7.60%.

Insider Activity

In other 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 transaction of $352,223.55. Following the completion of the sale, the director owned 8,412 shares in the company, valued at approximately $6,371,837.64. This trade represents a 5.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Javier Olivan sold 517 shares of Meta Platforms stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $748.72, for a total value of $387,088.24. Following the sale, the chief operating officer owned 10,026 shares of the company’s stock, valued at approximately $7,506,666.72. This trade represents a 4.90% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 214,182 shares of company stock worth $164,955,168. 13.61% of the stock is currently owned by insiders.

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.