Meta Platforms, Inc. $META Shares Acquired by Norris Perne & French LLP MI

Norris Perne & French LLP MI increased its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 1,136.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,483 shares of the social networking company’s stock after buying an additional 7,797 shares during the quarter. Norris Perne & French LLP MI’s holdings in Meta Platforms were worth $6,261,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Brighton Jones LLC boosted its stake in Meta Platforms by 1.7% during the 4th quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company’s stock valued at $20,230,000 after purchasing an additional 570 shares during the period. Revolve Wealth Partners LLC increased its stake in shares of Meta Platforms by 10.2% in the fourth quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company’s stock valued at $5,537,000 after purchasing an additional 875 shares during the period. Permanent Capital Management LP raised its holdings in shares of Meta Platforms by 4.9% during the first quarter. Permanent Capital Management LP now owns 1,891 shares of the social networking company’s stock valued at $1,090,000 after buying an additional 89 shares during the last quarter. Procyon Advisors LLC boosted its position in shares of Meta Platforms by 10.1% during the first quarter. Procyon Advisors LLC now owns 56,338 shares of the social networking company’s stock worth $32,471,000 after buying an additional 5,154 shares during the period. Finally, Prospect Financial Services LLC boosted its position in shares of Meta Platforms by 0.7% during the first quarter. Prospect Financial Services LLC now owns 5,895 shares of the social networking company’s stock worth $3,397,000 after buying an additional 39 shares during the period. 79.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CFO Susan J. Li sold 18,332 shares of the business’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $764.71, for a total value of $14,018,663.72. Following the completion of the sale, the chief financial officer directly owned 84,141 shares in the company, valued at approximately $64,343,464.11. The trade was a 17.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mark Zuckerberg sold 15,847 shares of the firm’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $753.43, for a total transaction of $11,939,605.21. The disclosure for this sale can be found here. In the last quarter, insiders sold 214,182 shares of company stock worth $164,955,168. Insiders own 13.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Stifel Nicolaus lifted their target price on Meta Platforms from $845.00 to $900.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Scotiabank lifted their price objective on shares of Meta Platforms from $675.00 to $685.00 and gave the company a “sector perform” rating in a research note on Thursday, July 31st. Wells Fargo & Company upped their price objective on shares of Meta Platforms from $783.00 to $811.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Citigroup reissued an “outperform” rating on shares of Meta Platforms in a research note on Thursday, July 31st. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Meta Platforms in a research note on Saturday, September 27th. Four analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $830.02.

Meta Platforms Price Performance

NASDAQ META opened at $710.56 on Friday. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $1.79 trillion, a PE ratio of 25.73, a price-to-earnings-growth ratio of 1.48 and a beta of 1.20. Meta Platforms, Inc. has a 12-month low of $479.80 and a 12-month high of $796.25. The company has a 50 day moving average price of $753.21 and a two-hundred day moving average price of $675.45.

Meta Platforms (NASDAQ:META) last released its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share for the quarter, beating analysts’ consensus estimates of $5.75 by $1.39. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The business had revenue of $47.52 billion for the quarter, compared to the consensus estimate of $44.55 billion. During the same quarter last year, the firm earned $5.16 EPS. Meta Platforms’s revenue for the quarter was up 21.6% on a year-over-year basis. 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 business also recently declared a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Monday, September 22nd. Meta Platforms’s dividend payout ratio is 7.60%.

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.