Black Diamond Financial LLC Sells 169 Shares of Meta Platforms, Inc. $META

Black Diamond Financial LLC trimmed its stake in Meta Platforms, Inc. (NASDAQ:META) by 11.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,312 shares of the social networking company’s stock after selling 169 shares during the quarter. Black Diamond Financial LLC’s holdings in Meta Platforms were worth $968,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Csenge Advisory Group lifted its holdings in Meta Platforms by 12.0% during the first quarter. Csenge Advisory Group now owns 9,539 shares of the social networking company’s stock valued at $5,498,000 after purchasing an additional 1,019 shares in the last quarter. ARQ Wealth Advisors LLC lifted its holdings in Meta Platforms by 4.5% during the first quarter. ARQ Wealth Advisors LLC now owns 785 shares of the social networking company’s stock valued at $452,000 after purchasing an additional 34 shares in the last quarter. JMG Financial Group Ltd. purchased a new position in Meta Platforms during the first quarter valued at approximately $284,000. Infusive Asset Management Inc. lifted its holdings in Meta Platforms by 10.7% during the first quarter. Infusive Asset Management Inc. now owns 23,620 shares of the social networking company’s stock valued at $13,614,000 after purchasing an additional 2,285 shares in the last quarter. Finally, Spirepoint Private Client LLC lifted its holdings in Meta Platforms by 2.7% during the second quarter. Spirepoint Private Client LLC now owns 4,080 shares of the social networking company’s stock valued at $3,011,000 after purchasing an additional 109 shares in the last quarter. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Meta Platforms

In other Meta Platforms news, insider Jennifer Newstead sold 519 shares of the stock in a transaction dated Tuesday, October 28th. The shares were sold at an average price of $753.00, for a total transaction of $390,807.00. Following the completion of the sale, the insider directly owned 27,756 shares of the company’s stock, valued at approximately $20,900,268. This represents a 1.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert M. Kimmitt sold 465 shares of the stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $716.97, for a total transaction of $333,391.05. Following the sale, the director directly owned 7,947 shares of the company’s stock, valued at approximately $5,697,760.59. The trade was a 5.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 198,335 shares of company stock valued at $153,047,009. Company insiders own 13.61% of the company’s stock.

Meta Platforms Trading Down 2.7%

META stock opened at $648.35 on Friday. The company has a quick ratio of 1.97, a current ratio of 1.98 and a debt-to-equity ratio of 0.15. Meta Platforms, Inc. has a twelve month low of $479.80 and a twelve month high of $796.25. The stock has a market capitalization of $1.63 trillion, a price-to-earnings ratio of 28.64, a price-to-earnings-growth ratio of 1.38 and a beta of 1.20. The firm’s fifty day simple moving average is $738.28 and its two-hundred day simple moving average is $697.96.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings data on Wednesday, October 29th. The social networking company reported $7.25 earnings per share for the quarter, beating analysts’ consensus estimates of $6.74 by $0.51. The business 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 was up 26.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $6.03 earnings per share. Meta Platforms has set its Q4 2025 guidance at EPS. As a group, analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Announces Dividend

The firm also recently declared 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 presently 9.28%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on META. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $870.00 price target (down previously from $900.00) on shares of Meta Platforms in a report on Thursday. Citigroup lowered their price target on shares of Meta Platforms from $915.00 to $850.00 and set a “buy” rating on the stock in a report on Thursday. Citizens Jmp lifted their price target on shares of Meta Platforms from $750.00 to $900.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Meta Platforms in a report on Wednesday, October 8th. Finally, Morgan Stanley boosted their target price on shares of Meta Platforms from $750.00 to $850.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $827.60.

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.