Ramirez Asset Management Inc. Has $4.11 Million Stock Holdings in Meta Platforms, Inc. $META

Ramirez Asset Management Inc. grew its position in Meta Platforms, Inc. (NASDAQ:META) by 0.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,561 shares of the social networking company’s stock after purchasing an additional 50 shares during the period. Ramirez Asset Management Inc.’s holdings in Meta Platforms were worth $4,105,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of META. Brighton Jones LLC raised its holdings in 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 during the period. Revolve Wealth Partners LLC increased its position in shares of Meta Platforms by 10.2% during the fourth quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company’s stock worth $5,537,000 after acquiring an additional 875 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Meta Platforms by 16.7% during the first quarter. GAMMA Investing LLC now owns 40,691 shares of the social networking company’s stock worth $23,453,000 after acquiring an additional 5,829 shares in the last quarter. 1776 Wealth LLC increased its position in shares of Meta Platforms by 137.2% during the first quarter. 1776 Wealth LLC now owns 1,167 shares of the social networking company’s stock worth $673,000 after acquiring an additional 675 shares in the last quarter. Finally, Beacon Capital Management LLC increased its position in shares of Meta Platforms by 1.4% during the first quarter. Beacon Capital Management LLC now owns 2,804 shares of the social networking company’s stock worth $1,616,000 after acquiring an additional 38 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on META. Monness Crespi & Hardt increased their price objective on shares of Meta Platforms from $780.00 to $860.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Bank of America increased their price objective on shares of Meta Platforms from $775.00 to $900.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Citizens Jmp increased their price objective on shares of Meta Platforms from $750.00 to $900.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. The Goldman Sachs Group reissued a “buy” rating on shares of Meta Platforms in a research report on Tuesday. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Meta Platforms in a research report on Wednesday, October 8th. Four 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. Based on data from MarketBeat, Meta Platforms currently has a consensus rating of “Moderate Buy” and a consensus price target of $830.68.

Meta Platforms Stock Performance

Shares of META opened at $716.91 on Friday. The firm has a 50-day moving average of $746.75 and a 200-day moving average of $683.72. Meta Platforms, Inc. has a one year low of $479.80 and a one year high of $796.25. The company has a market cap of $1.80 trillion, a PE ratio of 25.96, a price-to-earnings-growth ratio of 1.50 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.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, beating analysts’ consensus estimates of $5.75 by $1.39. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The company had revenue of $47.52 billion during the quarter, compared to the consensus estimate of $44.55 billion. During the same quarter last year, the firm posted $5.16 EPS. The company’s quarterly revenue was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, equities analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Dividend Announcement

The company 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 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, September 22nd. Meta Platforms’s dividend payout ratio (DPR) is 7.60%.

Insider Buying and Selling

In related news, insider Jennifer Newstead sold 519 shares of Meta Platforms stock in a transaction dated Tuesday, October 14th. The shares were sold at an average price of $707.85, for a total transaction of $367,374.15. Following the completion of the sale, the insider owned 28,794 shares of the company’s stock, valued at approximately $20,381,832.90. The trade was a 1.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Javier Olivan sold 517 shares of Meta Platforms stock in a transaction dated Monday, October 13th. The stock was sold at an average price of $713.34, for a total transaction of $368,796.78. Following the sale, the chief operating officer directly owned 8,992 shares of the company’s stock, valued at $6,414,353.28. The trade was a 5.44% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 214,182 shares of company stock valued at $164,933,323. Company insiders own 13.61% of the company’s stock.

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.