Meta Platforms, Inc. $META Position Lessened by EFG Asset Management North America Corp.

EFG Asset Management North America Corp. decreased its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 3.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,680 shares of the social networking company’s stock after selling 853 shares during the quarter. Meta Platforms accounts for approximately 2.4% of EFG Asset Management North America Corp.’s portfolio, making the stock its 4th largest position. EFG Asset Management North America Corp.’s holdings in Meta Platforms were worth $16,741,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of META. Evergreen Private Wealth LLC lifted its stake in shares of 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 acquiring an additional 38 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Meta Platforms during the 1st quarter valued at about $33,000. Briaud Financial Planning Inc bought a new position in shares of Meta Platforms during the 2nd quarter valued at approximately $42,000. WFA Asset Management Corp lifted its holdings in shares of Meta Platforms by 42.6% in the second quarter. WFA Asset Management Corp now owns 67 shares of the social networking company’s stock worth $49,000 after buying an additional 20 shares in the last quarter. Finally, Maseco LLP bought a new position in shares of Meta Platforms in the 2nd quarter valued at about $54,000. 79.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. DA Davidson set a $825.00 price objective on Meta Platforms in a report on Thursday, October 30th. JMP Securities lifted their price objective on Meta Platforms from $750.00 to $900.00 and gave the stock a “market outperform” rating in a report on Thursday, July 31st. Morgan Stanley increased their price objective on Meta Platforms from $750.00 to $850.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Zacks Research upgraded shares of Meta Platforms from a “hold” rating to a “strong-buy” rating in a report on Monday, October 20th. Finally, Loop Capital restated a “buy” rating and set a $980.00 target price (up previously from $888.00) on shares of Meta Platforms in a research note on Tuesday, August 5th. Four analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $827.60.

Insider Activity at Meta Platforms

In related news, insider Jennifer Newstead sold 516 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $631.00, for a total transaction of $325,596.00. Following the transaction, the insider directly owned 26,721 shares of the company’s stock, valued at approximately $16,860,951. The trade was a 1.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Javier Olivan sold 517 shares of the firm’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $631.00, for a total value of $326,227.00. Following the sale, the chief operating officer owned 6,924 shares of the company’s stock, valued at $4,369,044. This represents a 6.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 13,359 shares of company stock worth $9,689,566. 13.61% of the stock is currently owned by company insiders.

Meta Platforms Stock Down 0.1%

META stock opened at $609.46 on Monday. The company’s 50 day simple moving average is $713.72 and its 200-day simple moving average is $706.28. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25. The firm has a market capitalization of $1.54 trillion, a PE ratio of 26.92, a P/E/G ratio of 1.35 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 (NASDAQ:META) last released its quarterly earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.74 by $0.51. The company had revenue of $51.24 billion for the quarter, compared to analysts’ expectations of $49.34 billion. Meta Platforms had a net margin of 30.89% and a return on equity of 39.35%. The firm’s revenue for the quarter was up 26.2% compared to the same quarter last year. During the same period last year, the company earned $6.03 EPS. Meta Platforms has set its Q4 2025 guidance at EPS. Equities analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 29th. Shareholders 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 yield of 0.3%. The ex-dividend date of this dividend was Monday, September 22nd. Meta Platforms’s payout ratio is 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.