Oppenheimer Asset Management Inc. Has $79.19 Million Holdings in Meta Platforms, Inc. $META

Oppenheimer Asset Management Inc. grew its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 8.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 107,291 shares of the social networking company’s stock after buying an additional 7,936 shares during the period. Meta Platforms makes up 0.9% of Oppenheimer Asset Management Inc.’s holdings, making the stock its 12th biggest position. Oppenheimer Asset Management Inc.’s holdings in Meta Platforms were worth $79,190,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Evergreen Private Wealth LLC increased its holdings in Meta Platforms by 237.5% in the 2nd quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company’s stock valued at $40,000 after buying an additional 38 shares during the period. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Meta Platforms in the first quarter valued at approximately $33,000. Briaud Financial Planning Inc bought a new stake in shares of Meta Platforms in the second quarter worth $42,000. WFA Asset Management Corp grew its position in shares of Meta Platforms by 42.6% in the 2nd quarter. WFA Asset Management Corp now owns 67 shares of the social networking company’s stock valued at $49,000 after buying an additional 20 shares during the last quarter. Finally, Maseco LLP bought a new position in shares of Meta Platforms during the second quarter worth about $54,000. 79.91% of the stock is currently owned by institutional investors.

Insider Activity at Meta Platforms

In related news, COO Javier Olivan sold 2,612 shares of Meta Platforms stock in a transaction on 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 in the company, valued at $5,951,227.17. The trade was a 25.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jennifer Newstead sold 519 shares of the business’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $775.00, for a total transaction of $402,225.00. Following the transaction, the insider owned 32,946 shares in the company, valued at $25,533,150. This represents a 1.55% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 91,126 shares of company stock valued at $70,145,792 over the last 90 days. Company insiders own 13.61% of the company’s stock.

Analyst Upgrades and Downgrades

META has been the topic of several recent analyst reports. Pivotal Research boosted their target price on shares of Meta Platforms from $830.00 to $930.00 and gave the company a “buy” rating in a report on Thursday, July 31st. UBS Group raised their price objective on shares of Meta Platforms from $900.00 to $915.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Truist Financial lowered their price target on Meta Platforms from $900.00 to $875.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. JPMorgan Chase & Co. decreased their price target on Meta Platforms from $875.00 to $800.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. Finally, Oppenheimer lowered Meta Platforms from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 30th. Four 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $827.60.

Meta Platforms Stock Up 1.4%

Shares of NASDAQ:META opened at $635.95 on Thursday. The firm has a market capitalization of $1.60 trillion, a PE ratio of 28.09, a price-to-earnings-growth ratio of 1.39 and a beta of 1.20. The firm has a fifty day moving average of $731.20 and a 200 day moving average of $700.72. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.98 and a current ratio of 1.98. Meta Platforms, Inc. has a 52-week low of $479.80 and a 52-week high of $796.25.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings data on Wednesday, October 29th. The social networking company reported $7.25 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $49.34 billion. During the same period in the previous year, the business posted $6.03 EPS. The business’s quarterly revenue was up 26.2% on a year-over-year basis. Meta Platforms has set its Q4 2025 guidance at EPS. As a group, research analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were given 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 payout ratio is presently 9.28%.

Meta Platforms 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.