Groupama Asset Managment Boosts Stake in Meta Platforms, Inc. $META

Groupama Asset Managment lifted its position in Meta Platforms, Inc. (NASDAQ:META) by 3.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 199,079 shares of the social networking company’s stock after purchasing an additional 6,465 shares during the quarter. Meta Platforms makes up 0.6% of Groupama Asset Managment’s investment portfolio, making the stock its 29th biggest holding. Groupama Asset Managment’s holdings in Meta Platforms were worth $146,050,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in META. Vanguard Group Inc. grew its position in shares of Meta Platforms by 0.8% during the second quarter. Vanguard Group Inc. now owns 192,591,101 shares of the social networking company’s stock worth $142,149,566,000 after acquiring an additional 1,532,568 shares during the last quarter. Kingstone Capital Partners Texas LLC boosted its stake 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 period. Geode Capital Management LLC grew its position in Meta Platforms by 1.3% during the 2nd quarter. Geode Capital Management LLC now owns 51,575,209 shares of the social networking company’s stock worth $37,902,948,000 after purchasing an additional 682,768 shares during the last quarter. Invesco Ltd. increased its stake in Meta Platforms by 2.3% in the first quarter. Invesco Ltd. now owns 17,669,795 shares of the social networking company’s stock valued at $10,184,163,000 after purchasing an additional 400,927 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Meta Platforms by 8.8% in the first quarter. Goldman Sachs Group Inc. now owns 15,575,962 shares of the social networking company’s stock valued at $8,977,361,000 after buying an additional 1,255,546 shares during the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Meta Platforms Price Performance

Shares of NASDAQ META opened at $673.42 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.98 and a current ratio of 1.98. Meta Platforms, Inc. has a one year low of $479.80 and a one year high of $796.25. The firm has a market capitalization of $1.70 trillion, a P/E ratio of 29.74, a PEG ratio of 1.39 and a beta of 1.28. The company’s fifty day moving average is $673.16 and its two-hundred day moving average is $706.04.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings data on Wednesday, October 29th. The social networking company reported $7.25 EPS for the quarter, beating the consensus estimate of $6.74 by $0.51. The firm had revenue of $51.24 billion during the quarter, compared to analysts’ expectations of $49.34 billion. Meta Platforms had a net margin of 30.89% and a return on equity of 39.35%. The business’s revenue for the quarter was up 26.2% compared to the same quarter last year. During the same quarter last year, the business earned $6.03 earnings per share. Analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Monday, December 15th will be paid a dividend of $0.525 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. Meta Platforms’s payout ratio is 9.28%.

Wall Street Analysts Forecast Growth

META has been the topic of a number of research reports. Zacks Research lowered Meta Platforms from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. Mizuho lowered their target price on Meta Platforms from $925.00 to $815.00 and set an “outperform” rating on the stock in a research note on Thursday, October 30th. Oppenheimer lowered Meta Platforms from an “outperform” rating to a “market perform” rating in a report on Thursday, October 30th. Barclays decreased their price target on Meta Platforms from $810.00 to $770.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Finally, Erste Group Bank cut shares of Meta Platforms from a “buy” rating to a “hold” rating in a research note on Monday, November 10th. Five equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $819.43.

Insiders Place Their Bets

In related news, CAO Aaron Anderson sold 726 shares of the firm’s stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $591.60, for a total value of $429,501.60. Following the completion of the transaction, the chief accounting officer directly owned 6,035 shares of the company’s stock, valued at $3,570,306. This trade represents a 10.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Javier Olivan sold 517 shares of the business’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $639.03, for a total value of $330,378.51. Following the sale, the chief operating officer owned 14,268 shares in the company, valued at approximately $9,117,680.04. The trade was a 3.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 41,959 shares of company stock worth $26,671,107. 13.61% of the stock is 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.