DNB Asset Management AS Buys 40,168 Shares of Meta Platforms, Inc. $META

DNB Asset Management AS lifted its stake in Meta Platforms, Inc. (NASDAQ:META) by 3.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,353,763 shares of the social networking company’s stock after purchasing an additional 40,168 shares during the period. Meta Platforms accounts for approximately 4.1% of DNB Asset Management AS’s holdings, making the stock its 5th largest holding. DNB Asset Management AS owned about 0.05% of Meta Platforms worth $999,199,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of META. Kingstone Capital Partners Texas LLC grew its holdings in shares of Meta Platforms by 608,429.2% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 59,775,823 shares of the social networking company’s stock valued at $44,119,937,000 after buying an additional 59,766,000 shares during the period. Nuveen LLC acquired a new stake in Meta Platforms during the 1st quarter worth $2,990,544,000. Vanguard Group Inc. lifted its holdings in Meta Platforms by 0.8% during the second quarter. Vanguard Group Inc. now owns 192,591,101 shares of the social networking company’s stock worth $142,149,566,000 after acquiring an additional 1,532,568 shares in the last quarter. Amundi grew its stake in Meta Platforms by 23.5% in the first quarter. Amundi now owns 7,733,061 shares of the social networking company’s stock valued at $4,111,050,000 after acquiring an additional 1,470,070 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Meta Platforms by 8.8% in the first quarter. Goldman Sachs Group Inc. now owns 15,575,962 shares of the social networking company’s stock worth $8,977,361,000 after acquiring an additional 1,255,546 shares in the last quarter. 79.91% of the stock is owned by institutional investors.

Meta Platforms Price Performance

Shares of META opened at $647.48 on Monday. 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 fifty day simple moving average is $683.38 and its 200 day simple moving average is $706.56. Meta Platforms, Inc. has a 1-year low of $479.80 and a 1-year high of $796.25. The company has a market cap of $1.63 trillion, a price-to-earnings ratio of 28.60, a PEG ratio of 1.36 and a beta of 1.28.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings data on Wednesday, October 29th. The social networking company reported $7.25 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 quarterly revenue was up 26.2% on a year-over-year basis. During the same quarter last year, the firm posted $6.03 EPS. Meta Platforms has set its Q4 2025 guidance at EPS. On average, research analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share 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 paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Monday, September 22nd. Meta Platforms’s payout ratio is currently 9.28%.

Analyst Upgrades and Downgrades

META has been the topic of several recent analyst reports. Royal Bank Of Canada cut their price objective on Meta Platforms from $840.00 to $810.00 and set an “outperform” rating on the stock in a report on Thursday, October 30th. TD Cowen cut their price target on shares of Meta Platforms from $875.00 to $810.00 and set a “buy” rating on the stock in a research note on Thursday, October 30th. Rosenblatt Securities upped their price target on shares of Meta Platforms from $1,086.00 to $1,117.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Wedbush restated an “outperform” rating and set a $920.00 price objective on shares of Meta Platforms in a report on Thursday, October 30th. Finally, DA Davidson set a $825.00 price objective on shares of Meta Platforms in a research report on Thursday, October 30th. Four analysts have rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, Meta Platforms currently has an average rating of “Moderate Buy” and a consensus price target of $823.93.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, Director Robert M. Kimmitt sold 600 shares of the stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $609.35, for a total value of $365,610.00. Following the transaction, the director directly owned 7,347 shares of the company’s stock, valued at $4,476,894.45. This represents a 7.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Aaron Anderson sold 726 shares of the company’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $591.60, for a total value of $429,501.60. Following the completion of the transaction, the chief accounting officer directly owned 6,035 shares in the company, valued at $3,570,306. The trade was a 10.74% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 41,959 shares of company stock worth $26,759,811. 13.61% of the stock is currently 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.