Absolute Gestao de Investimentos Ltda. Buys New Position in Meta Platforms, Inc. $META

Key Points

• Absolute Gestao de Investimentos Ltda. has acquired a new position in Meta Platforms, purchasing 1,512 shares valued at approximately $871,000, making it the firm's 28th largest holding.
• Meta Platforms reported impressive quarterly earnings, with an earnings per share of $7.14, surpassing analyst estimates of $5.75, and a revenue increase of 21.6% year-over-year.
• Meta also recently announced a quarterly dividend of $0.525 per share, reflecting a 0.3% dividend yield based on an annualized payout of $2.10.

Absolute Gestao de Investimentos Ltda. purchased a new position in Meta Platforms, Inc. (NASDAQ:META - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,512 shares of the social networking company's stock, valued at approximately $871,000. Meta Platforms makes up approximately 0.4% of Absolute Gestao de Investimentos Ltda.'s portfolio, making the stock its 28th biggest position.

Other large investors have also modified their holdings of the company. Valley Financial Group Inc. grew its holdings in shares of Meta Platforms by 2.4% during the fourth quarter. Valley Financial Group Inc. now owns 588 shares of the social networking company's stock valued at $344,000 after buying an additional 14 shares during the last quarter. Lantern Wealth Advisors LLC lifted its position in Meta Platforms by 0.5% during the 4th quarter. Lantern Wealth Advisors LLC now owns 2,976 shares of the social networking company's stock worth $1,743,000 after acquiring an additional 14 shares during the period. ABLE Financial Group LLC grew its stake in Meta Platforms by 0.7% during the 4th quarter. ABLE Financial Group LLC now owns 2,136 shares of the social networking company's stock valued at $1,251,000 after purchasing an additional 15 shares during the last quarter. Mosaic Family Wealth Partners LLC increased its holdings in shares of Meta Platforms by 1.2% in the fourth quarter. Mosaic Family Wealth Partners LLC now owns 1,435 shares of the social networking company's stock valued at $840,000 after purchasing an additional 17 shares during the period. Finally, Orin Green Financial LLC raised its stake in shares of Meta Platforms by 2.2% in the fourth quarter. Orin Green Financial LLC now owns 795 shares of the social networking company's stock worth $465,000 after purchasing an additional 17 shares during the last quarter. Hedge funds and other institutional investors own 79.91% of the company's stock.

Meta Platforms Trading Down 2.1%

META stock opened at $751.48 on Wednesday. The stock has a market cap of $1.89 trillion, a price-to-earnings ratio of 27.21, a PEG ratio of 1.59 and a beta of 1.27. The business's 50-day moving average is $726.88 and its 200 day moving average is $656.42. Meta Platforms, Inc. has a 12-month low of $479.80 and a 12-month high of $796.25. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15.

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

Meta Platforms Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Monday, June 16th were issued 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, June 16th. Meta Platforms's payout ratio is currently 7.60%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Sanford C. Bernstein increased their price target on shares of Meta Platforms from $775.00 to $900.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Wells Fargo & Company increased their price objective on shares of Meta Platforms from $783.00 to $811.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Hsbc Global Res upgraded shares of Meta Platforms from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 31st. TD Cowen lifted their price objective on Meta Platforms from $800.00 to $875.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Finally, Monness Crespi & Hardt upped their target price on Meta Platforms from $780.00 to $860.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Three analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $822.41.

Insider Transactions at Meta Platforms

In other news, insider Jennifer Newstead sold 519 shares of the business's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $775.00, for a total transaction of $402,225.00. Following the transaction, the insider owned 32,946 shares of the company's stock, valued at approximately $25,533,150. The trade was a 1.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Javier Olivan sold 517 shares of the business's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $775.00, for a total transaction of $400,675.00. Following the completion of the transaction, the chief operating officer owned 13,128 shares in the company, valued at $10,174,200. The trade was a 3.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 313,803 shares of company stock valued at $235,276,424. 13.61% of the stock is currently owned by company 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.

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