Sutton Place Investors LLC Increases Stock Holdings in Meta Platforms, Inc. $META

Sutton Place Investors LLC lifted its stake in shares of Meta Platforms, Inc. (NASDAQ:METAFree Report) by 16.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,037 shares of the social networking company’s stock after buying an additional 284 shares during the quarter. Sutton Place Investors LLC’s holdings in Meta Platforms were worth $1,503,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Kingstone Capital Partners Texas LLC increased its holdings in Meta Platforms by 608,429.2% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 59,775,823 shares of the social networking company’s stock worth $44,119,937,000 after purchasing an additional 59,766,000 shares during the last quarter. Invesco Ltd. increased its holdings in Meta Platforms by 2.3% during the 1st quarter. Invesco Ltd. now owns 17,669,795 shares of the social networking company’s stock worth $10,184,163,000 after purchasing an additional 400,927 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Meta Platforms by 8.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 15,575,962 shares of the social networking company’s stock worth $8,977,361,000 after purchasing an additional 1,255,546 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Meta Platforms by 4.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 12,543,468 shares of the social networking company’s stock worth $7,229,553,000 after purchasing an additional 536,160 shares during the last quarter. Finally, Wellington Management Group LLP increased its holdings in Meta Platforms by 2.5% during the 1st quarter. Wellington Management Group LLP now owns 10,041,171 shares of the social networking company’s stock worth $5,787,329,000 after purchasing an additional 247,850 shares during the last quarter. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Meta Platforms Trading Down 3.8%

NASDAQ:META opened at $705.30 on Monday. Meta Platforms, Inc. has a 12-month low of $479.80 and a 12-month high of $796.25. The firm has a market capitalization of $1.77 trillion, a P/E ratio of 25.54, a P/E/G ratio of 1.47 and a beta of 1.20. 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 business has a 50 day simple moving average of $752.20 and a 200 day simple moving average of $679.78.

Meta Platforms (NASDAQ:METAGet Free Report) last released its quarterly earnings data 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. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The business had revenue of $47.52 billion during the quarter, compared to analyst estimates of $44.55 billion. During the same quarter in the previous year, the firm posted $5.16 EPS. The business’s revenue for the quarter was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. Equities research analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were paid a dividend of $0.525 per share. The ex-dividend date of this dividend 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%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Cantor Fitzgerald restated an “overweight” rating and set a $920.00 price objective on shares of Meta Platforms in a report on Wednesday, September 17th. UBS Group lifted their target price on Meta Platforms from $897.00 to $900.00 and gave the stock a “buy” rating in a research report on Thursday. Piper Sandler lifted their target price on Meta Platforms from $808.00 to $880.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Scotiabank lifted their target price on Meta Platforms from $675.00 to $685.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 31st. Finally, Truist Financial set a $880.00 target price on Meta Platforms in a research report on Thursday, September 18th. Four 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $830.68.

Get Our Latest Research Report on Meta Platforms

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, COO Javier Olivan sold 517 shares of Meta Platforms stock in a transaction on Monday, October 6th. The stock was sold at an average price of $704.81, for a total transaction of $364,386.77. Following the sale, the chief operating officer owned 9,509 shares of the company’s stock, valued at $6,702,038.29. The trade was a 5.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert M. Kimmitt sold 465 shares of Meta Platforms stock in a transaction on Monday, September 15th. The shares were sold at an average price of $757.47, for a total value of $352,223.55. Following the sale, the director directly owned 8,412 shares in the company, 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 have sold 213,665 shares of company stock valued at $164,575,272 in the last quarter. Corporate insiders own 13.61% of the company’s stock.

Meta Platforms Profile

(Free Report)

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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Institutional Ownership by Quarter for Meta Platforms (NASDAQ:META)

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