GEM Asset Management LLC Buys New Position in Meta Platforms, Inc. $META

Key Points

• GEM Asset Management LLC has acquired a new stake in Meta Platforms, purchasing 365 shares valued at approximately $263,000.
• Recent insider transactions revealed that Jennifer Newstead sold 519 shares for around $393,142.50, reducing her ownership in the company.
• Meta Platforms reported a Q2 EPS of $7.14, exceeding estimates, alongside a revenue of $47.52 billion, showing a year-over-year increase of 21.6%.

GEM Asset Management LLC purchased a new position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 365 shares of the social networking company's stock, valued at approximately $263,000.

A number of other institutional investors have also recently bought and sold shares of META. Byrne Asset Management LLC lifted its position in Meta Platforms by 1.4% during the second quarter. Byrne Asset Management LLC now owns 4,808 shares of the social networking company's stock valued at $3,549,000 after buying an additional 65 shares in the last quarter. Clarus Wealth Advisors lifted its position in shares of Meta Platforms by 13.4% in the 2nd quarter. Clarus Wealth Advisors now owns 2,255 shares of the social networking company's stock worth $1,625,000 after buying an additional 267 shares during the last quarter. Lifestyle Asset Management Inc. lifted its position in shares of Meta Platforms by 8.0% in the 2nd quarter. Lifestyle Asset Management Inc. now owns 3,061 shares of the social networking company's stock worth $2,259,000 after buying an additional 226 shares during the last quarter. Key Client Fiduciary Advisors LLC lifted its position in Meta Platforms by 6.6% in the 2nd quarter. Key Client Fiduciary Advisors LLC now owns 2,928 shares of the social networking company's stock valued at $2,161,000 after purchasing an additional 180 shares during the last quarter. Finally, MFG Wealth Management Inc. increased its stake in Meta Platforms by 37.3% during the 2nd quarter. MFG Wealth Management Inc. now owns 4,009 shares of the social networking company's stock valued at $2,959,000 after buying an additional 1,089 shares during the period. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Jennifer Newstead sold 519 shares of the company's stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $767.16, for a total transaction of $398,156.04. Following the completion of the sale, the insider owned 30,870 shares of the company's stock, valued at $23,682,229.20. This represents a 1.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert M. Kimmitt sold 465 shares of the business's stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $757.47, for a total value of $352,223.55. Following the transaction, the director directly owned 8,412 shares of the company's stock, valued at approximately $6,371,837.64. The trade was a 5.24% decrease in their position. The disclosure for this sale can be found here. Insiders sold 257,922 shares of company stock valued at $196,412,792 over the last quarter. 13.61% of the stock is owned by company insiders.

Meta Platforms Stock Performance

META stock traded down $1.87 during midday trading on Friday, reaching $778.38. 22,494,703 shares of the company were exchanged, compared to its average volume of 9,174,566. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.97 and a quick ratio of 1.97. The business has a 50-day moving average price of $747.06 and a two-hundred day moving average price of $666.00. Meta Platforms, Inc. has a one year low of $479.80 and a one year high of $796.25. The firm has a market capitalization of $1.96 trillion, a price-to-earnings ratio of 28.18, a price-to-earnings-growth ratio of 1.62 and a beta of 1.24.

Meta Platforms (NASDAQ:META - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 EPS 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 firm had revenue of $47.52 billion during the quarter, compared to analysts' expectations of $44.55 billion. During the same period in the previous year, the business posted $5.16 earnings per share. The company'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. Equities research analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 22nd will be given a dividend of $0.525 per share. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.10 annualized dividend and a yield of 0.3%. Meta Platforms's dividend payout ratio is currently 7.60%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on META. Stifel Nicolaus lifted their price objective on shares of Meta Platforms from $845.00 to $900.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Bank of America increased their price objective on shares of Meta Platforms from $775.00 to $900.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Roth Capital increased their price objective on shares of Meta Platforms from $620.00 to $740.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. JPMorgan Chase & Co. increased their price objective on shares of Meta Platforms from $795.00 to $875.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Finally, Canaccord Genuity Group increased their price target on shares of Meta Platforms from $825.00 to $850.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Three research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $826.05.

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.