Pacific Heights Asset Management LLC Grows Holdings in Meta Platforms, Inc. $META

Pacific Heights Asset Management LLC lifted its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 7.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 156,000 shares of the social networking company’s stock after purchasing an additional 11,000 shares during the period. Meta Platforms comprises about 6.1% of Pacific Heights Asset Management LLC’s investment portfolio, making the stock its 4th biggest position. Pacific Heights Asset Management LLC’s holdings in Meta Platforms were worth $115,142,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Meta Platforms during the 1st quarter valued at $28,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Meta Platforms during the 1st quarter valued at $33,000. Evergreen Private Wealth LLC grew its holdings in shares of Meta Platforms by 237.5% during the 2nd 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 during the last quarter. Maseco LLP bought a new position in shares of Meta Platforms during the 2nd quarter valued at $54,000. Finally, eCIO Inc. bought a new position in shares of Meta Platforms during the 1st quarter valued at $58,000. Institutional investors own 79.91% of the company’s stock.

Insider Transactions at Meta Platforms

In related news, insider Jennifer Newstead sold 519 shares of Meta Platforms 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 transaction, the insider directly owned 27,756 shares of the company’s stock, valued at $20,900,268. This trade represents a 1.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Robert M. Kimmitt sold 465 shares of Meta Platforms 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 transaction, the director directly owned 7,947 shares of the company’s stock, valued at approximately $5,697,760.59. This trade represents 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 ninety days, insiders sold 198,335 shares of company stock valued at $153,047,009. Company insiders own 13.61% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. JMP Securities increased their target price on shares of Meta Platforms from $750.00 to $900.00 and gave the company a “market outperform” rating in a report on Thursday, July 31st. DA Davidson set a $825.00 price target on shares of Meta Platforms in a research report on Thursday. Wells Fargo & Company dropped their price target on shares of Meta Platforms from $837.00 to $802.00 and set an “overweight” rating for the company in a research report on Thursday. Pivotal Research increased their price target on shares of Meta Platforms from $830.00 to $930.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Finally, HSBC raised shares of Meta Platforms from a “hold” rating to a “buy” rating and increased their price target for the company from $610.00 to $900.00 in a research report on Thursday, July 31st. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $827.60.

Meta Platforms Trading Down 2.7%

NASDAQ:META opened at $648.35 on Friday. The company has a 50-day moving average price of $738.28 and a 200-day moving average price of $697.96. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25. 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 stock has a market cap of $1.63 trillion, a price-to-earnings ratio of 28.64, a P/E/G ratio of 1.38 and a beta of 1.20.

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

Meta Platforms Announces Dividend

The business also recently announced 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 (DPR) is currently 9.28%.

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.