64,000 Shares in Meta Platforms, Inc. $META Bought by Broad Peak Investment Advisers Pte Ltd

Key Points

• Broad Peak Investment Advisers Pte Ltd acquired 64,000 shares of Meta Platforms, Inc., valued at approximately $47.24 million, making it the firm's third-largest investment.
• Meta's CFO and CTO both sold significant amounts of stock recently, with the CFO selling over $14 million and the CTO over $9 million, resulting in substantial decreases in their ownership percentages.
• Meta Platforms has a strong market position, with a recent earnings report showing $7.14 earnings per share, exceeding analyst estimates by $1.39, and a revenue increase of 21.6% year-over-year.

Broad Peak Investment Advisers Pte Ltd purchased a new position in Meta Platforms, Inc. (NASDAQ:META - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 64,000 shares of the social networking company's stock, valued at approximately $47,238,000. Meta Platforms comprises 14.7% of Broad Peak Investment Advisers Pte Ltd's investment portfolio, making the stock its 3rd largest position.

Several other institutional investors and hedge funds also recently bought and sold shares of META. Brighton Jones LLC boosted its stake 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 worth $20,230,000 after buying an additional 570 shares during the period. Revolve Wealth Partners LLC boosted its stake in Meta Platforms by 10.2% during the fourth quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company's stock worth $5,537,000 after buying an additional 875 shares during the period. GAMMA Investing LLC boosted its stake in Meta Platforms by 16.7% during the first quarter. GAMMA Investing LLC now owns 40,691 shares of the social networking company's stock worth $23,453,000 after buying an additional 5,829 shares during the period. 1776 Wealth LLC boosted its stake in Meta Platforms by 137.2% during the first quarter. 1776 Wealth LLC now owns 1,167 shares of the social networking company's stock worth $673,000 after buying an additional 675 shares during the period. Finally, Spinnaker Investment Group LLC boosted its stake in Meta Platforms by 41.7% during the first quarter. Spinnaker Investment Group LLC now owns 1,009 shares of the social networking company's stock worth $582,000 after buying an additional 297 shares during the period. 79.91% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Meta Platforms news, CFO Susan J. Li sold 18,332 shares of the business's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $764.71, for a total value of $14,018,663.72. Following the completion of the transaction, the chief financial officer directly owned 84,141 shares in the company, valued at approximately $64,343,464.11. The trade was a 17.89% 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, CTO Andrew Bosworth sold 11,694 shares of the business's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $775.00, for a total transaction of $9,062,850.00. Following the completion of the transaction, the chief technology officer owned 1,799 shares of the company's stock, valued at $1,394,225. This represents a 86.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 214,182 shares of company stock valued at $164,951,541. Company insiders own 13.61% of the company's stock.

Meta Platforms Stock Up 0.1%

NASDAQ:META opened at $734.00 on Friday. Meta Platforms, Inc. has a 1-year low of $479.80 and a 1-year high of $796.25. The company has a 50-day moving average of $743.05 and a 200 day moving average of $688.52. The firm has a market cap of $1.84 trillion, a PE ratio of 26.57, a price-to-earnings-growth ratio of 1.53 and a beta of 1.20. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.97 and a quick ratio of 1.97.

Meta Platforms (NASDAQ:META - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 earnings per share for the quarter, topping analysts' consensus estimates of $5.75 by $1.39. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The company had revenue of $47.52 billion during the quarter, compared to analyst estimates of $44.55 billion. During the same period in the prior year, the firm earned $5.16 earnings per share. The firm's revenue for the quarter was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, research analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were paid a $0.525 dividend. 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 0.3%. Meta Platforms's dividend payout ratio is 7.60%.

Analysts Set New Price Targets

Several research analysts have commented on META shares. Canaccord Genuity Group lifted their price objective on shares of Meta Platforms from $825.00 to $850.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. Bank of America lifted their price objective on shares of Meta Platforms from $775.00 to $900.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Hsbc Global Res raised shares of Meta Platforms from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 31st. Citizens Jmp boosted their target price on shares of Meta Platforms from $750.00 to $900.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Finally, Sanford C. Bernstein boosted their target price on shares of Meta Platforms from $775.00 to $900.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Five research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $829.66.

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.

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