Edmp Inc. Sells 67 Shares of Meta Platforms, Inc. $META

Edmp Inc. decreased its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 18.7% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 292 shares of the social networking company’s stock after selling 67 shares during the period. Edmp Inc.’s holdings in Meta Platforms were worth $216,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB increased its position in shares of Meta Platforms by 11.1% during the second quarter. Wilmington Savings Fund Society FSB now owns 32,460 shares of the social networking company’s stock valued at $23,958,000 after buying an additional 3,241 shares during the period. Founders Grove Wealth Partners LLC purchased a new position in Meta Platforms during the second quarter valued at approximately $373,000. Morningstar Investment Management LLC increased its holdings in Meta Platforms by 21.8% during the 2nd quarter. Morningstar Investment Management LLC now owns 51,914 shares of the social networking company’s stock worth $38,317,000 after acquiring an additional 9,294 shares during the period. Harbour Trust & Investment Management Co increased its holdings in Meta Platforms by 7.9% during the 2nd quarter. Harbour Trust & Investment Management Co now owns 19,244 shares of the social networking company’s stock worth $14,204,000 after acquiring an additional 1,413 shares during the period. Finally, Perfromance Wealth Partners LLC lifted its stake in Meta Platforms by 0.9% in the 2nd quarter. Perfromance Wealth Partners LLC now owns 69,927 shares of the social networking company’s stock worth $51,612,000 after purchasing an additional 609 shares in the last quarter. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Meta Platforms Stock Up 0.6%

Shares of META opened at $738.36 on Friday. Meta Platforms, Inc. has a 1 year low of $479.80 and a 1 year high of $796.25. 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 stock has a 50 day simple moving average of $742.11 and a two-hundred day simple moving average of $690.10. The firm has a market cap of $1.85 trillion, a P/E ratio of 26.73, a P/E/G ratio of 1.56 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last posted its quarterly 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 firm had revenue of $47.52 billion for the quarter, compared to the consensus estimate of $44.55 billion. During the same period last year, the firm posted $5.16 earnings per share. The business’s revenue was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. On average, analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The firm also recently declared 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. This represents a $2.10 annualized dividend and a yield of 0.3%. The ex-dividend date was Monday, September 22nd. Meta Platforms’s dividend payout ratio is presently 7.60%.

Insider Buying and Selling

In related news, CEO Mark Zuckerberg sold 15,847 shares of the firm’s stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $769.38, for a total transaction of $12,192,364.86. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Andrew Bosworth sold 11,694 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $775.00, for a total value of $9,062,850.00. Following the completion of the sale, the chief technology officer owned 1,799 shares of the company’s stock, valued at $1,394,225. The trade was a 86.67% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 214,182 shares of company stock valued at $164,951,541 over the last three months. 13.61% of the stock is owned by corporate insiders.

Analyst Ratings Changes

META has been the topic of several research analyst reports. Sanford C. Bernstein upped their price target on shares of Meta Platforms from $775.00 to $900.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. KeyCorp upped their target price on Meta Platforms from $800.00 to $905.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. Piper Sandler lifted their price target on Meta Platforms from $808.00 to $880.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. JMP Securities upped their price objective on shares of Meta Platforms from $750.00 to $900.00 and gave the stock a “market outperform” rating in a research report on Thursday, July 31st. Finally, Robert W. Baird lifted their target price on shares of Meta Platforms from $635.00 to $740.00 and gave the company an “outperform” rating in a research report on Wednesday, July 2nd. Five investment analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Meta Platforms has an average rating of “Buy” and a consensus price target of $829.66.

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.