Cetera Investment Advisers raised its holdings in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 5.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 536,647 shares of the social networking company’s stock after buying an additional 26,700 shares during the period. Meta Platforms comprises approximately 0.7% of Cetera Investment Advisers’ investment portfolio, making the stock its 19th biggest holding. Cetera Investment Advisers’ holdings in Meta Platforms were worth $396,094,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Kingstone Capital Partners Texas LLC boosted its holdings in shares of 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 buying an additional 59,766,000 shares during the period. Geode Capital Management LLC raised its holdings in Meta Platforms by 1.3% in the 2nd quarter. Geode Capital Management LLC now owns 51,575,209 shares of the social networking company’s stock valued at $37,902,948,000 after acquiring an additional 682,768 shares during the period. Invesco Ltd. lifted its position in Meta Platforms by 2.3% during the first quarter. Invesco Ltd. now owns 17,669,795 shares of the social networking company’s stock worth $10,184,163,000 after acquiring an additional 400,927 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Meta Platforms by 8.8% during the first quarter. Goldman Sachs Group Inc. now owns 15,575,962 shares of the social networking company’s stock worth $8,977,361,000 after acquiring an additional 1,255,546 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Meta Platforms by 4.5% during the first 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 acquiring an additional 536,160 shares during the period. 79.91% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In related news, Director Robert M. Kimmitt sold 600 shares of Meta Platforms stock in a transaction on Monday, November 17th. The shares were sold at an average price of $609.35, for a total transaction of $365,610.00. Following the completion of the transaction, the director owned 7,347 shares of the company’s stock, valued at $4,476,894.45. This trade represents a 7.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Javier Olivan sold 517 shares of the company’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $604.23, for a total transaction of $312,386.91. Following the sale, the chief operating officer directly owned 15,302 shares in the company, valued at $9,245,927.46. This trade represents a 3.27% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 40,923 shares of company stock valued at $26,126,437 over the last quarter. 13.61% of the stock is currently owned by company insiders.
Analyst Ratings Changes
A number of brokerages have recently issued reports on META. TD Cowen reduced their target price on shares of Meta Platforms from $875.00 to $810.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Benchmark cut shares of Meta Platforms from a “buy” rating to a “hold” rating in a research note on Thursday, October 30th. HSBC raised shares of Meta Platforms from a “hold” rating to a “buy” rating and boosted their price objective for the company from $610.00 to $900.00 in a report on Thursday, July 31st. Scotiabank raised their target price on shares of Meta Platforms from $675.00 to $685.00 and gave the stock a “sector perform” rating in a report on Thursday, July 31st. Finally, Loop Capital reiterated a “buy” rating and issued a $980.00 price target (up from $888.00) on shares of Meta Platforms in a research report on Tuesday, August 5th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $823.93.
View Our Latest Stock Analysis on META
Meta Platforms Trading Up 3.8%
NASDAQ META opened at $636.22 on Wednesday. The company has a market cap of $1.60 trillion, a price-to-earnings ratio of 28.10, a price-to-earnings-growth ratio of 1.28 and a beta of 1.20. Meta Platforms, Inc. has a twelve month low of $479.80 and a twelve month high of $796.25. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.15. The business’s fifty day moving average is $691.78 and its 200 day moving average is $706.84.
Meta Platforms (NASDAQ:META – Get Free Report) last posted its earnings results on Wednesday, October 29th. The social networking company reported $7.25 EPS for the quarter, topping the consensus estimate of $6.74 by $0.51. Meta Platforms had a net margin of 30.89% and a return on equity of 39.35%. The business had revenue of $51.24 billion for the quarter, compared to the consensus estimate of $49.34 billion. During the same period last year, the company earned $6.03 EPS. The firm’s revenue was up 26.2% compared to the same quarter last year. Meta Platforms has set its Q4 2025 guidance at EPS. As a group, sell-side analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.
Meta Platforms Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were issued 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 payout ratio is 9.28%.
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.
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