Adams Diversified Equity Fund Inc. Has $92.63 Million Stake in Meta Platforms, Inc. $META

Adams Diversified Equity Fund Inc. decreased its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 2.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 125,500 shares of the social networking company’s stock after selling 2,500 shares during the quarter. Meta Platforms comprises about 3.3% of Adams Diversified Equity Fund Inc.’s portfolio, making the stock its 6th largest holding. Adams Diversified Equity Fund Inc.’s holdings in Meta Platforms were worth $92,630,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Barnes Dennig Private Wealth Management LLC purchased a new stake in Meta Platforms during the first quarter valued at $28,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Meta Platforms during the first quarter valued at $33,000. Evergreen Private Wealth LLC raised its stake in Meta Platforms by 237.5% during the second quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company’s stock valued at $40,000 after purchasing an additional 38 shares in the last quarter. Maseco LLP purchased a new stake in Meta Platforms during the second quarter valued at $54,000. Finally, eCIO Inc. purchased a new stake in Meta Platforms during the first quarter valued at $58,000. Institutional investors own 79.91% of the company’s stock.

Meta Platforms Trading Down 2.7%

Shares of META opened at $648.35 on Friday. 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 $1.63 trillion, a P/E ratio of 28.64, a P/E/G ratio of 1.38 and a beta of 1.20. The company has a current ratio of 1.98, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15. The company’s fifty day simple moving average is $738.28 and its 200-day simple moving average is $697.96.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings results on Wednesday, October 29th. The social networking company reported $7.25 EPS for the quarter, topping analysts’ consensus estimates of $6.74 by $0.51. The firm had revenue of $51.24 billion for the quarter, compared to analysts’ expectations of $49.34 billion. Meta Platforms had a net margin of 30.89% and a return on equity of 39.35%. The business’s revenue for the quarter was up 26.2% on a year-over-year basis. During the same period in the prior year, the business posted $6.03 earnings per share. Meta Platforms has set its Q4 2025 guidance at EPS. As a group, analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were issued a $0.525 dividend. The ex-dividend date was Monday, September 22nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. Meta Platforms’s dividend payout ratio is presently 9.28%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Meta Platforms in a research note on Tuesday, October 14th. Guggenheim reaffirmed a “buy” rating and set a $800.00 price target (up previously from $725.00) on shares of Meta Platforms in a research note on Monday, July 28th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $900.00 price target on shares of Meta Platforms in a research note on Thursday. Pivotal Research upped their price target on shares of Meta Platforms from $830.00 to $930.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Finally, Citigroup reduced their target price on shares of Meta Platforms from $915.00 to $850.00 and set a “buy” rating on the stock in a research note on Thursday. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Meta Platforms currently has a consensus rating of “Moderate Buy” and an average price target of $827.60.

Insider Activity at Meta Platforms

In other news, CFO Susan J. Li sold 18,332 shares of the company’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $764.71, for a total value of $14,018,663.72. Following the transaction, the chief financial officer directly owned 84,141 shares in the company, valued at approximately $64,343,464.11. This represents a 17.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Mark Zuckerberg sold 15,847 shares of the company’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $769.38, for a total transaction of $12,192,364.86. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 198,335 shares of company stock valued at $153,047,009. Company insiders own 13.61% of the company’s stock.

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.