Meta Platforms, Inc. $META is Tandem Capital Management Corp ADV’s 3rd Largest Position

Tandem Capital Management Corp ADV trimmed its stake in Meta Platforms, Inc. (NASDAQ:META) by 0.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,494 shares of the social networking company’s stock after selling 82 shares during the quarter. Meta Platforms accounts for 3.5% of Tandem Capital Management Corp ADV’s portfolio, making the stock its 3rd largest position. Tandem Capital Management Corp ADV’s holdings in Meta Platforms were worth $7,007,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in META. Brighton Jones LLC lifted its position in shares of Meta Platforms by 1.7% in the fourth quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company’s stock worth $20,230,000 after purchasing an additional 570 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in Meta Platforms by 10.2% in the fourth quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company’s stock worth $5,537,000 after buying an additional 875 shares during the last quarter. GAMMA Investing LLC increased its holdings in Meta Platforms by 16.7% in the first quarter. GAMMA Investing LLC now owns 40,691 shares of the social networking company’s stock worth $23,453,000 after buying an additional 5,829 shares during the last quarter. 1776 Wealth LLC increased its holdings in Meta Platforms by 137.2% in the first quarter. 1776 Wealth LLC now owns 1,167 shares of the social networking company’s stock worth $673,000 after buying an additional 675 shares during the last quarter. Finally, Financial Perspectives Inc increased its holdings in Meta Platforms by 3.0% in the first quarter. Financial Perspectives Inc now owns 4,212 shares of the social networking company’s stock worth $2,428,000 after buying an additional 122 shares during the last quarter. 79.91% of the stock is owned by hedge funds and other institutional investors.

Meta Platforms Stock Up 0.7%

META opened at $716.91 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 current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $1.80 trillion, a price-to-earnings ratio of 25.96, a P/E/G ratio of 1.49 and a beta of 1.20. The business has a 50 day moving average of $746.75 and a 200-day moving average of $683.03.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 earnings per share for the quarter, beating the consensus estimate of $5.75 by $1.39. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The company had revenue of $47.52 billion during the quarter, compared to analysts’ expectations of $44.55 billion. During the same period in the prior year, the business earned $5.16 earnings per share. Meta Platforms’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. As a group, sell-side analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms recently commented on META. Citizens Jmp increased their price objective on Meta Platforms from $750.00 to $900.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. Canaccord Genuity Group increased their price objective on Meta Platforms from $825.00 to $850.00 and gave the stock a “buy” rating in a report on Wednesday, July 16th. Mizuho set a $925.00 price objective on Meta Platforms and gave the stock an “outperform” rating in a report on Monday, September 29th. Truist Financial set a $880.00 price objective on Meta Platforms in a report on Thursday, September 18th. Finally, Benchmark increased their price objective on Meta Platforms from $800.00 to $890.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $830.68.

Insider Activity

In related news, insider Jennifer Newstead sold 519 shares of the company’s stock in a transaction on Tuesday, October 14th. The stock was sold at an average price of $707.85, for a total value of $367,374.15. Following the completion of the transaction, the insider directly owned 28,794 shares in the company, valued at approximately $20,381,832.90. This represents a 1.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert M. Kimmitt sold 465 shares of the company’s stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $716.97, for a total value of $333,391.05. Following the completion of the transaction, the director owned 7,947 shares of the company’s stock, valued at $5,697,760.59. The trade was a 5.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 214,182 shares of company stock valued at $164,933,323. 13.61% of the stock is owned by company 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.