Meta Platforms, Inc. $META Shares Acquired by Bleakley Financial Group LLC

Bleakley Financial Group LLC lifted its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 8.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 74,834 shares of the social networking company’s stock after purchasing an additional 5,668 shares during the period. Meta Platforms comprises about 1.4% of Bleakley Financial Group LLC’s holdings, making the stock its 15th largest position. Bleakley Financial Group LLC’s holdings in Meta Platforms were worth $55,234,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Meta Platforms during the first quarter worth about $33,000. Evergreen Private Wealth LLC grew its holdings in shares of Meta Platforms by 237.5% during the second quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company’s stock worth $40,000 after buying an additional 38 shares during the last quarter. Maseco LLP purchased a new position in shares of Meta Platforms during the second quarter worth about $54,000. eCIO Inc. purchased a new position in shares of Meta Platforms during the first quarter worth about $58,000. Finally, Olde Wealth Management LLC purchased a new position in shares of Meta Platforms during the first quarter worth about $59,000. Institutional investors and hedge funds own 79.91% of the company’s stock.

Insider Activity at Meta Platforms

In related news, COO Javier Olivan sold 517 shares of the company’s stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $749.57, for a total value of $387,527.69. Following the sale, the chief operating officer owned 7,958 shares of the company’s stock, valued at approximately $5,965,078.06. This represents a 6.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jennifer Newstead sold 519 shares of the company’s stock in a transaction that occurred on Tuesday, October 28th. The shares were sold at an average price of $753.00, for a total value of $390,807.00. Following the completion of the sale, the insider directly owned 27,756 shares in the company, valued at approximately $20,900,268. The trade was a 1.84% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 181,971 shares of company stock valued at $140,461,589. 13.61% of the stock is owned by corporate insiders.

Meta Platforms Price Performance

Shares of NASDAQ:META opened at $648.35 on Monday. The business’s 50 day simple moving average is $738.28 and its 200-day simple moving average is $699.34. The firm has a market capitalization of $1.63 trillion, a price-to-earnings ratio of 28.64, a price-to-earnings-growth ratio of 1.41 and a beta of 1.20. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.98 and a quick ratio of 1.98. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25.

Meta Platforms (NASDAQ:META) last announced its quarterly 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. The business had revenue of $51.24 billion for the quarter, compared to analyst estimates of $49.34 billion. Meta Platforms had a return on equity of 39.35% and a net margin of 30.89%.The company’s quarterly revenue was up 26.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $6.03 EPS. Meta Platforms has set its Q4 2025 guidance at EPS. As a group, equities analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on META. Bank of America lowered their price target on Meta Platforms from $900.00 to $810.00 and set a “buy” rating on the stock in a report on Thursday. Oppenheimer cut shares of Meta Platforms from an “outperform” rating to a “market perform” rating in a report on Thursday. JPMorgan Chase & Co. lowered their price objective on Meta Platforms from $875.00 to $800.00 and set an “overweight” rating on the stock in a report on Thursday. Wedbush reaffirmed an “outperform” rating and issued a $920.00 price objective on shares of Meta Platforms in a report on Thursday. Finally, Wells Fargo & Company lowered their price objective on Meta Platforms from $837.00 to $802.00 and set an “overweight” rating on the stock in a report on Thursday. Four investment 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 data from MarketBeat, Meta Platforms currently has a consensus rating of “Moderate Buy” and an average target price of $827.60.

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.