Cumberland Partners Ltd Sells 2,710 Shares of Meta Platforms, Inc. $META

Cumberland Partners Ltd decreased its holdings in Meta Platforms, Inc. (NASDAQ:META) by 3.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 85,495 shares of the social networking company’s stock after selling 2,710 shares during the quarter. Meta Platforms comprises 4.4% of Cumberland Partners Ltd’s investment portfolio, making the stock its 3rd largest holding. Cumberland Partners Ltd’s holdings in Meta Platforms were worth $63,103,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Meta Platforms during the first quarter worth about $33,000. Evergreen Private Wealth LLC raised its stake in Meta Platforms by 237.5% during 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. Briaud Financial Planning Inc acquired a new stake in Meta Platforms during the 2nd quarter worth approximately $42,000. WFA Asset Management Corp grew its stake 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 purchasing an additional 20 shares during the last quarter. Finally, Maseco LLP acquired a new position in shares of Meta Platforms in the second quarter valued at approximately $54,000. 79.91% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Meta Platforms

In related news, COO Javier Olivan sold 517 shares of the business’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $598.54, for a total value of $309,445.18. Following the sale, the chief operating officer directly owned 14,785 shares in the company, valued at $8,849,413.90. The trade was a 3.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Andrew Bosworth sold 11,690 shares of the stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $593.31, for a total transaction of $6,935,793.90. Following the completion of the sale, the chief technology officer directly owned 2,415 shares in the company, valued at approximately $1,432,843.65. The trade was a 82.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 41,959 shares of company stock valued at $26,759,811 in the last 90 days. 13.61% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

META has been the subject of several recent research reports. TD Cowen decreased their price target on Meta Platforms from $875.00 to $810.00 and set a “buy” rating for the company in a report on Thursday, October 30th. Loop Capital restated a “buy” rating and issued a $980.00 target price (up previously from $888.00) on shares of Meta Platforms in a research note on Tuesday, August 5th. Truist Financial dropped their price target on shares of Meta Platforms from $900.00 to $875.00 and set a “buy” rating on the stock in a research note on Thursday, October 30th. Citigroup cut their price target on shares of Meta Platforms from $915.00 to $850.00 and set a “buy” rating for the company in a report on Thursday, October 30th. Finally, DA Davidson set a $825.00 price objective on Meta Platforms in a report on Thursday, October 30th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $823.93.

Meta Platforms Stock Up 2.2%

META stock opened at $647.48 on Friday. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.15. The company’s 50-day moving average price is $683.38 and its 200 day moving average price is $706.23. Meta Platforms, Inc. has a 52 week low of $479.80 and a 52 week high of $796.25. The company has a market cap of $1.63 trillion, a P/E ratio of 28.60, a P/E/G ratio of 1.36 and a beta of 1.20.

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

Meta Platforms Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were issued a dividend of $0.525 per share. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.10 annualized dividend and a yield of 0.3%. Meta Platforms’s payout ratio is currently 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.