Cidel Asset Management Inc. Grows Holdings in Meta Platforms, Inc. $META

Cidel Asset Management Inc. increased its position in Meta Platforms, Inc. (NASDAQ:META) by 0.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,169 shares of the social networking company’s stock after acquiring an additional 34 shares during the quarter. Cidel Asset Management Inc.’s holdings in Meta Platforms were worth $4,553,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. Kingstone Capital Partners Texas LLC grew its holdings 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 valued at $44,119,937,000 after buying an additional 59,766,000 shares in the last quarter. Invesco Ltd. grew its holdings in Meta Platforms by 2.3% during the 1st quarter. Invesco Ltd. now owns 17,669,795 shares of the social networking company’s stock valued at $10,184,163,000 after buying an additional 400,927 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Meta Platforms by 8.8% during the 1st 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Meta Platforms by 4.5% during the 1st 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 valued at $7,229,553,000 after buying an additional 536,160 shares in the last quarter. Finally, Wellington Management Group LLP grew its holdings in Meta Platforms by 2.5% during the 1st quarter. Wellington Management Group LLP now owns 10,041,171 shares of the social networking company’s stock valued at $5,787,329,000 after buying an additional 247,850 shares in the last quarter. 79.91% of the stock is owned by hedge funds and other institutional investors.

Meta Platforms Stock Up 0.0%

NASDAQ:META opened at $751.67 on Thursday. Meta Platforms, Inc. has a twelve month low of $479.80 and a twelve month high of $796.25. The company has a market cap of $1.89 trillion, a price-to-earnings ratio of 27.21, a price-to-earnings-growth ratio of 1.59 and a beta of 1.20. The stock has a fifty day simple moving average of $741.86 and a 200-day simple moving average of $696.13. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15.

Meta Platforms (NASDAQ:META) last released its earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share for the quarter, topping the consensus estimate of $6.74 by $0.51. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.During the same quarter in the prior year, the business earned $6.03 earnings per share. The business’s quarterly revenue was up 26.2% compared to the same quarter last year. Meta Platforms has set its Q4 2025 guidance at EPS. Analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Announces Dividend

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

Insider Buying and Selling

In related news, COO Javier Olivan sold 517 shares of Meta Platforms stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $749.57, for a total transaction of $387,527.69. Following the completion of the sale, the chief operating officer owned 7,958 shares of the company’s stock, valued at $5,965,078.06. The trade was a 6.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jennifer Newstead sold 519 shares of Meta Platforms stock in a transaction dated Tuesday, October 21st. The stock was sold at an average price of $736.37, for a total value of $382,176.03. Following the sale, the insider directly owned 28,275 shares of the company’s stock, valued at $20,820,861.75. This trade represents a 1.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 213,663 shares of company stock valued at $164,595,807 over the last quarter. 13.61% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on META. Morgan Stanley increased their price objective on shares of Meta Platforms from $750.00 to $850.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Monness Crespi & Hardt raised their price target on Meta Platforms from $780.00 to $860.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. JMP Securities raised their price target on Meta Platforms from $750.00 to $900.00 and gave the stock a “market outperform” rating in a research report on Thursday, July 31st. KeyCorp raised their price target on Meta Platforms from $800.00 to $905.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Finally, Hsbc Global Res upgraded Meta Platforms from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 31st. Five equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $829.66.

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.