Black Swift Group LLC Acquires 11,320 Shares of Meta Platforms, Inc. $META

Black Swift Group LLC raised its holdings in Meta Platforms, Inc. (NASDAQ:META) by 718.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,895 shares of the social networking company’s stock after purchasing an additional 11,320 shares during the period. Meta Platforms makes up about 1.9% of Black Swift Group LLC’s portfolio, making the stock its 15th largest holding. Black Swift Group LLC’s holdings in Meta Platforms were worth $9,518,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in META. Csenge Advisory Group raised its stake in shares of Meta Platforms by 12.0% during the 1st quarter. Csenge Advisory Group now owns 9,539 shares of the social networking company’s stock worth $5,498,000 after buying an additional 1,019 shares during the last quarter. ARQ Wealth Advisors LLC increased its holdings in Meta Platforms by 4.5% during the 1st quarter. ARQ Wealth Advisors LLC now owns 785 shares of the social networking company’s stock valued at $452,000 after acquiring an additional 34 shares in the last quarter. JMG Financial Group Ltd. acquired a new position in Meta Platforms during the first quarter worth about $284,000. Infusive Asset Management Inc. lifted its holdings in shares of Meta Platforms by 10.7% in 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 grew its position in shares of Meta Platforms by 2.7% in 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 during the last quarter. 79.91% of the stock is owned by institutional investors.

Insider Activity at Meta Platforms

In related news, insider Jennifer Newstead sold 519 shares of the stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $767.16, for a total value of $398,156.04. Following the completion of the transaction, the insider owned 30,870 shares of the company’s stock, valued at approximately $23,682,229.20. This represents a 1.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders sold a total of 13,359 shares of company stock valued at $9,689,566 in the last 90 days. Insiders own 13.61% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on META. Sanford C. Bernstein reissued an “outperform” rating and issued a $870.00 price target (down from $900.00) on shares of Meta Platforms in a report on Thursday, October 30th. Monness Crespi & Hardt cut their price target on shares of Meta Platforms from $860.00 to $808.00 and set a “buy” rating on the stock in a research note on Thursday, October 30th. Mizuho lowered their price objective on shares of Meta Platforms from $925.00 to $815.00 and set an “outperform” rating for the company in a research note on Thursday, October 30th. Needham & Company LLC restated a “hold” rating on shares of Meta Platforms in a report on Thursday, October 30th. Finally, Scotiabank increased their target price on Meta Platforms from $675.00 to $685.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 31st. Four research analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $827.60.

Meta Platforms Trading Down 0.1%

NASDAQ META opened at $609.46 on Monday. The stock has a market cap of $1.54 trillion, a P/E ratio of 26.92, a PEG ratio of 1.35 and a beta of 1.20. The company’s fifty day simple moving average is $713.72 and its 200-day simple moving average is $706.28. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.15. Meta Platforms, Inc. has a 52 week low of $479.80 and a 52 week high of $796.25.

Meta Platforms (NASDAQ:META) last released its quarterly earnings results 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. Meta Platforms had a net margin of 30.89% and a return on equity of 39.35%. The business had revenue of $51.24 billion during the quarter, compared to analyst estimates of $49.34 billion. During the same period last year, the business earned $6.03 EPS. The business’s revenue was up 26.2% on a year-over-year basis. Meta Platforms has set its Q4 2025 guidance at EPS. Equities research analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Announces Dividend

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