Spear Holdings RSC Ltd Has $41.33 Million Stake in Meta Platforms, Inc. $META

Spear Holdings RSC Ltd decreased its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 13.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 56,000 shares of the social networking company’s stock after selling 9,000 shares during the quarter. Meta Platforms comprises approximately 3.0% of Spear Holdings RSC Ltd’s investment portfolio, making the stock its 16th largest holding. Spear Holdings RSC Ltd’s holdings in Meta Platforms were worth $41,333,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Meitav Investment House Ltd. grew its position in Meta Platforms by 13.6% in the 2nd quarter. Meitav Investment House Ltd. now owns 221,926 shares of the social networking company’s stock valued at $163,839,000 after purchasing an additional 26,612 shares during the period. Foresight Capital Management Advisors Inc. grew its position in Meta Platforms by 4.5% in the 2nd quarter. Foresight Capital Management Advisors Inc. now owns 468 shares of the social networking company’s stock valued at $345,000 after purchasing an additional 20 shares during the period. Tcfg Wealth Management LLC grew its position in Meta Platforms by 5.1% in the 2nd quarter. Tcfg Wealth Management LLC now owns 2,722 shares of the social networking company’s stock valued at $2,009,000 after purchasing an additional 132 shares during the period. Trueblood Wealth Management LLC grew its position in Meta Platforms by 3.0% in the 2nd quarter. Trueblood Wealth Management LLC now owns 1,154 shares of the social networking company’s stock valued at $852,000 after purchasing an additional 34 shares during the period. Finally, Seamount Financial Group Inc. grew its position in Meta Platforms by 62.7% in the 2nd quarter. Seamount Financial Group Inc. now owns 1,559 shares of the social networking company’s stock valued at $1,150,000 after purchasing an additional 601 shares during the period. Institutional investors and hedge funds own 79.91% of the company’s stock.

Insider Activity at Meta Platforms

In related news, Director Robert M. Kimmitt sold 465 shares of the business’s stock in a transaction dated Monday, September 15th. The stock was 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 approximately $6,371,837.64. The trade was a 5.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jennifer Newstead sold 519 shares of the business’s stock in a transaction dated Tuesday, October 7th. The shares were sold at an average price of $716.98, for a total value of $372,112.62. Following the completion of the sale, the insider owned 29,313 shares in the company, valued at $21,016,834.74. This represents a 1.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 212,681 shares of company stock worth $163,863,761. Company insiders own 13.61% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on META shares. JMP Securities lifted their price target on shares of Meta Platforms from $750.00 to $900.00 and gave the company a “market outperform” rating in a research report on Thursday, July 31st. Oppenheimer lifted their price target on shares of Meta Platforms from $775.00 to $870.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. Canaccord Genuity Group raised their price objective on Meta Platforms from $825.00 to $850.00 and gave the company a “buy” rating in a research note on Wednesday, July 16th. TD Cowen raised their price objective on Meta Platforms from $800.00 to $875.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Finally, Morgan Stanley raised their price objective on Meta Platforms from $750.00 to $850.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $830.68.

Meta Platforms Trading Down 1.0%

NASDAQ META opened at $708.65 on Wednesday. The stock has a market capitalization of $1.78 trillion, a price-to-earnings ratio of 25.66, a PEG ratio of 1.49 and a beta of 1.20. Meta Platforms, Inc. has a one year low of $479.80 and a one 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 business’s fifty day moving average is $749.89 and its 200-day moving average is $680.94.

Meta Platforms (NASDAQ:META) last released its earnings results on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, topping analysts’ consensus estimates of $5.75 by $1.39. The company had revenue of $47.52 billion for the quarter, compared to analysts’ expectations of $44.55 billion. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The business’s revenue for the quarter was up 21.6% compared to the same quarter last year. During the same period in the previous year, the business posted $5.16 EPS. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Monday, September 22nd. Meta Platforms’s payout ratio is currently 7.60%.

Meta Platforms 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.