ADAPT Investment Managers SA Buys New Stake in Meta Platforms, Inc. $META

Key Points

• ADAPT Investment Managers SA has acquired a new stake in Meta Platforms, purchasing 24,761 shares valued at approximately $14.27 million, making it the 5th largest holding in their portfolio.
• Meta's recent quarterly earnings showed earnings per share of $7.14, exceeding estimates by $1.39, and a revenue of $47.52 billion, reflecting a year-over-year increase of 21.6%.
• Analyst ratings for Meta Platforms are generally positive, with many firms raising their target prices, including a boost to $870 by Oppenheimer, indicating strong investor confidence.

ADAPT Investment Managers SA purchased a new position in Meta Platforms, Inc. (NASDAQ:META - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 24,761 shares of the social networking company's stock, valued at approximately $14,271,000. Meta Platforms makes up approximately 0.5% of ADAPT Investment Managers SA's investment portfolio, making the stock its 5th biggest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Inlight Wealth Management LLC purchased a new stake in Meta Platforms during the first quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Meta Platforms in the first quarter valued at $28,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Meta Platforms during the 1st quarter worth about $33,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in Meta Platforms in the fourth quarter worth about $45,000. Finally, JCIC Asset Management Inc. boosted its position in shares of Meta Platforms by 102.6% during the first quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company's stock valued at $46,000 after buying an additional 40 shares during the period. 79.91% of the stock is owned by hedge funds and other institutional investors.

Meta Platforms Stock Up 2.1%

Meta Platforms stock opened at $754.79 on Friday. The business has a fifty day moving average price of $730.31 and a 200-day moving average price of $657.68. Meta Platforms, Inc. has a 1-year low of $479.80 and a 1-year high of $796.25. The stock has a market capitalization of $1.90 trillion, a price-to-earnings ratio of 27.33, a PEG ratio of 1.54 and a beta of 1.27. 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 issued its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share for the quarter, topping the consensus estimate of $5.75 by $1.39. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The business had revenue of $47.52 billion during the quarter, compared to the consensus estimate of $44.55 billion. During the same quarter last year, the company earned $5.16 earnings per share. The company's quarterly revenue was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. Equities research analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Announces Dividend

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

Insider Activity

In related news, CTO Andrew Bosworth sold 11,694 shares of Meta Platforms 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 sale, the chief technology officer owned 1,799 shares of the company's stock, valued at $1,394,225. The trade was a 86.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert M. Kimmitt sold 465 shares of the firm's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $784.32, for a total transaction of $364,708.80. Following the transaction, the director directly owned 8,877 shares of the company's stock, valued at $6,962,408.64. This represents a 4.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 313,803 shares of company stock valued at $235,276,424. 13.61% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

META has been the subject of a number of recent analyst reports. Oppenheimer boosted their price objective on Meta Platforms from $775.00 to $870.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Guggenheim reaffirmed a "buy" rating and set a $800.00 target price (up from $725.00) on shares of Meta Platforms in a research report on Monday, July 28th. Wedbush increased their price objective on Meta Platforms from $750.00 to $920.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Evercore ISI increased their price target on Meta Platforms from $725.00 to $750.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Finally, DA Davidson increased their target price on shares of Meta Platforms from $650.00 to $825.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Three investment analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $822.41.

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.

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