Generali Asset Management SPA SGR Decreases Stake in Meta Platforms, Inc. $META

Generali Asset Management SPA SGR lowered its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 6.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 81,691 shares of the social networking company's stock after selling 5,918 shares during the quarter. Meta Platforms makes up about 1.4% of Generali Asset Management SPA SGR's holdings, making the stock its 13th biggest holding. Generali Asset Management SPA SGR's holdings in Meta Platforms were worth $60,295,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Barnes Dennig Private Wealth Management LLC purchased a new position in Meta Platforms in the first quarter worth approximately $28,000. Evergreen Private Wealth LLC lifted its stake in Meta Platforms by 237.5% in the second quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company's stock worth $40,000 after acquiring an additional 38 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. purchased a new position in Meta Platforms in the first quarter worth approximately $33,000. Maseco LLP purchased a new position in Meta Platforms in the second quarter worth approximately $54,000. Finally, JCIC Asset Management Inc. lifted its stake in Meta Platforms by 102.6% in the first quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company's stock worth $46,000 after acquiring an additional 40 shares during the last quarter. Hedge funds and other institutional investors own 79.91% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Loop Capital restated a "buy" rating and set a $980.00 price objective (up previously from $888.00) on shares of Meta Platforms in a research report on Tuesday, August 5th. Monness Crespi & Hardt boosted their price objective on shares of Meta Platforms from $780.00 to $860.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Mizuho set a $925.00 price objective on shares of Meta Platforms and gave the stock an "outperform" rating in a research report on Monday, September 29th. Needham & Company LLC upgraded shares of Meta Platforms from an "underperform" rating to a "hold" rating in a research report on Thursday, July 3rd. Finally, KeyCorp boosted their price objective on shares of Meta Platforms from $800.00 to $905.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Five research analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $829.66.

Meta Platforms Stock Up 0.6%

META stock opened at $738.36 on Friday. The company has a fifty day moving average price of $742.11 and a 200 day moving average price of $690.10. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25. The company has a market cap of $1.85 trillion, a price-to-earnings ratio of 26.73, a price-to-earnings-growth ratio of 1.56 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 results on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $44.55 billion. During the same quarter in the prior year, the firm earned $5.16 EPS. Meta Platforms's revenue for the quarter was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. Sell-side analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were given a $0.525 dividend. The ex-dividend date was Monday, September 22nd. This represents a $2.10 annualized dividend and a yield of 0.3%. Meta Platforms's dividend payout ratio is 7.60%.

Insider Activity at Meta Platforms

In other Meta Platforms news, insider Jennifer Newstead sold 519 shares of the company's stock in a transaction on Tuesday, October 21st. The shares were sold at an average price of $736.37, for a total transaction of $382,176.03. Following the completion of the transaction, the insider owned 28,275 shares in the company, valued at approximately $20,820,861.75. This represents a 1.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert M. Kimmitt sold 465 shares of the company's stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $716.97, for a total transaction of $333,391.05. Following the transaction, the director owned 7,947 shares of the company's stock, valued at approximately $5,697,760.59. The trade was a 5.53% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 214,182 shares of company stock worth $164,951,541 in the last 90 days. 13.61% of the stock is owned by 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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