Meta Platforms, Inc. $META Stake Boosted by Bornite Capital Management LP

Bornite Capital Management LP boosted its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 42.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 50,000 shares of the social networking company’s stock after buying an additional 15,000 shares during the period. Meta Platforms comprises 3.7% of Bornite Capital Management LP’s investment portfolio, making the stock its 7th largest holding. Bornite Capital Management LP’s holdings in Meta Platforms were worth $36,904,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Evergreen Private Wealth LLC lifted its holdings in shares of Meta Platforms by 237.5% in the second quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company’s stock valued at $40,000 after purchasing an additional 38 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. acquired a new position in Meta Platforms during the first quarter valued at $33,000. Briaud Financial Planning Inc purchased a new stake in Meta Platforms in the 2nd quarter worth about $42,000. WFA Asset Management Corp boosted its position in Meta Platforms by 42.6% during the 2nd quarter. WFA Asset Management Corp now owns 67 shares of the social networking company’s stock worth $49,000 after acquiring an additional 20 shares during the period. Finally, Maseco LLP purchased a new position in Meta Platforms during the 2nd quarter valued at about $54,000. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Meta Platforms news, CAO Aaron Anderson sold 726 shares of Meta Platforms stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $591.60, for a total value of $429,501.60. Following the transaction, the chief accounting officer directly owned 6,035 shares of the company’s stock, valued at $3,570,306. The trade was a 10.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Javier Olivan sold 517 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $604.23, for a total value of $312,386.91. Following the transaction, the chief operating officer owned 15,302 shares of the company’s stock, valued at approximately $9,245,927.46. This trade represents a 3.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 41,959 shares of company stock valued at $26,906,323 in the last quarter. Insiders own 13.61% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on META shares. Scotiabank increased their price target on shares of Meta Platforms from $675.00 to $685.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 31st. Royal Bank Of Canada dropped their price objective on shares of Meta Platforms from $840.00 to $810.00 and set an “outperform” rating on the stock in a research note on Thursday, October 30th. KeyCorp decreased their target price on shares of Meta Platforms from $905.00 to $875.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Bank of America dropped their price target on shares of Meta Platforms from $900.00 to $810.00 and set a “buy” rating on the stock in a research note on Thursday, October 30th. Finally, TD Cowen reduced their price objective 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. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $825.05.

Meta Platforms Stock Down 0.2%

Shares of Meta Platforms stock opened at $589.22 on Friday. Meta Platforms, Inc. has a 12-month low of $479.80 and a 12-month high of $796.25. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.15. The stock has a 50 day moving average price of $700.89 and a two-hundred day moving average price of $704.88. The stock has a market capitalization of $1.49 trillion, a P/E ratio of 26.03, a PEG ratio of 1.24 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last issued 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. The business had revenue of $51.24 billion during 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%. Meta Platforms’s revenue for the quarter was up 26.2% on a year-over-year basis. During the same period in the previous year, the company earned $6.03 earnings per share. 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 year.

Meta Platforms Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Monday, September 22nd. Meta Platforms’s dividend payout ratio is 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.