Meta Platforms, Inc. $META is AGF Management Ltd.’s 2nd Largest Position

AGF Management Ltd. boosted its stake in Meta Platforms, Inc. (NASDAQ:META) by 30.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 918,035 shares of the social networking company’s stock after acquiring an additional 216,121 shares during the period. Meta Platforms accounts for approximately 3.1% of AGF Management Ltd.’s holdings, making the stock its 2nd biggest holding. AGF Management Ltd.’s holdings in Meta Platforms were worth $677,592,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC increased its position in Meta Platforms by 1.7% during the fourth quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company’s stock valued at $20,230,000 after acquiring an additional 570 shares during the last quarter. Revolve Wealth Partners LLC grew its stake in shares of Meta Platforms by 10.2% during the 4th 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 during the period. 1776 Wealth LLC grew its stake in shares of Meta Platforms by 137.2% during the 1st 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 during the period. Smart Money Group LLC increased its position in shares of Meta Platforms by 20.4% during the 1st 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 during the last quarter. Finally, Woodward Diversified Capital LLC lifted its stake in shares of Meta Platforms by 5.5% in the 1st quarter. Woodward Diversified Capital LLC now owns 3,371 shares of the social networking company’s stock worth $1,943,000 after purchasing an additional 175 shares during the period. 79.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on META shares. Truist Financial cut their price objective on shares of Meta Platforms from $900.00 to $875.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. KeyCorp cut their price target on Meta Platforms from $905.00 to $875.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Scotiabank upped their price target 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. 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 research report on Thursday, October 30th. Finally, UBS Group boosted their price objective on Meta Platforms from $900.00 to $915.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $827.60.

Meta Platforms Price Performance

META stock opened at $597.69 on Wednesday. Meta Platforms, Inc. has a 52 week low of $479.80 and a 52 week high of $796.25. The firm has a market capitalization of $1.51 trillion, a P/E ratio of 26.40, a price-to-earnings-growth ratio of 1.34 and a beta of 1.20. The company has a fifty day simple moving average of $707.36 and a two-hundred day simple moving average of $706.50. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.15.

Meta Platforms (NASDAQ:META) last released its earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share for the quarter, beating the consensus estimate of $6.74 by $0.51. The firm had revenue of $51.24 billion for the quarter, compared to the consensus estimate of $49.34 billion. Meta Platforms had a return on equity of 39.35% and a net margin of 30.89%.The company’s revenue for the quarter was up 26.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.03 EPS. Meta Platforms has set its Q4 2025 guidance at EPS. Analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The company also recently announced 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. 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 0.4%. Meta Platforms’s payout ratio is 9.28%.

Insider Transactions at Meta Platforms

In other Meta Platforms news, CTO Andrew Bosworth sold 5,063 shares of the business’s stock in a transaction dated Saturday, November 15th. The shares were sold at an average price of $609.46, for a total value of $3,085,695.98. Following the completion of the transaction, the chief technology officer directly owned 6,936 shares in the company, valued at approximately $4,227,214.56. The trade was a 42.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Javier Olivan sold 517 shares of the stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $604.23, for a total transaction of $312,386.91. Following the sale, the chief operating officer directly owned 15,302 shares of the company’s stock, valued at $9,245,927.46. The trade was a 3.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 28,424 shares of company stock valued at $18,868,377 over the last 90 days. 13.61% of the stock is owned by corporate insiders.

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.