Mason & Associates Inc raised its position in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 89.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,052 shares of the social networking company’s stock after buying an additional 1,444 shares during the quarter. Mason & Associates Inc’s holdings in Meta Platforms were worth $2,252,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC grew its position in shares of Meta Platforms by 1.7% in the fourth quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company’s stock valued at $20,230,000 after purchasing an additional 570 shares in the last quarter. Revolve Wealth Partners LLC grew its position in shares of Meta Platforms by 10.2% in the fourth quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company’s stock valued at $5,537,000 after purchasing an additional 875 shares in the last quarter. 1776 Wealth LLC grew its position in shares of Meta Platforms by 137.2% in the first quarter. 1776 Wealth LLC now owns 1,167 shares of the social networking company’s stock valued at $673,000 after purchasing an additional 675 shares in the last quarter. Resonant Capital Advisors LLC grew its position in shares of Meta Platforms by 5.8% in the first quarter. Resonant Capital Advisors LLC now owns 10,936 shares of the social networking company’s stock valued at $6,303,000 after purchasing an additional 595 shares in the last quarter. Finally, Smart Money Group LLC grew its position in shares of Meta Platforms by 20.4% in the first quarter. Smart Money Group LLC now owns 2,052 shares of the social networking company’s stock valued at $1,182,000 after purchasing an additional 348 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
META has been the subject of several recent research reports. Citizens Jmp lifted their price target on Meta Platforms from $750.00 to $900.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. Monness Crespi & Hardt reduced their target price on Meta Platforms from $860.00 to $808.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Citigroup reduced their target price on Meta Platforms from $915.00 to $850.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. TD Cowen reduced their target price on Meta Platforms from $875.00 to $810.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Finally, UBS Group boosted their target price on Meta Platforms from $900.00 to $915.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Four 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 company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $827.60.
Insider Transactions at Meta Platforms
In related news, CTO Andrew Bosworth sold 11,694 shares of the stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $775.00, for a total transaction of $9,062,850.00. Following the completion of the sale, the chief technology officer directly owned 1,799 shares in the company, valued at $1,394,225. This represents a 86.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Javier Olivan sold 2,612 shares of the stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $782.13, for a total value of $2,042,923.56. Following the sale, the chief operating officer owned 7,609 shares of the company’s stock, valued at $5,951,227.17. This represents a 25.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 90,609 shares of company stock worth $69,806,640. Company insiders own 13.61% of the company’s stock.
Meta Platforms Price Performance
META opened at $627.32 on Wednesday. The stock has a 50-day moving average price of $733.43 and a 200-day moving average price of $701.18. 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 1.98 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $1.58 trillion, a P/E ratio of 27.71, a PEG ratio of 1.42 and a beta of 1.20.
Meta Platforms (NASDAQ:META – Get Free Report) last posted its quarterly earnings data on Wednesday, October 29th. The social networking company reported $7.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.74 by $0.51. Meta Platforms had a return on equity of 39.35% and a net margin of 30.89%.The firm had revenue of $51.24 billion during the quarter, compared to analysts’ expectations of $49.34 billion. During the same period in the prior year, the business earned $6.03 EPS. The company’s revenue for the quarter 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 earnings per share for the current fiscal year.
Meta Platforms Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Monday, September 22nd. Meta Platforms’s dividend payout ratio is presently 9.28%.
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.
Featured Stories
- Five stocks we like better than Meta Platforms
- What Are Some of the Best Large-Cap Stocks to Buy?
- 3 Potential Scenarios to Watch for in D-Wave’s Earnings Report
- What is a buyback in stocks? A comprehensive guide for investors
- Eli Lilly Posts Stellar Q3: Long-Term Upside Is Well in Play
- 3 Monster Growth Stocks to Buy Now
- Uber Is Crushing Lyft—And It’s Not Even Close
Want to see what other hedge funds are holding META? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Meta Platforms, Inc. (NASDAQ:META – Free Report).
Receive News & Ratings for Meta Platforms Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meta Platforms and related companies with MarketBeat.com's FREE daily email newsletter.
