Goldstream Capital Management Ltd Has $24 Million Stock Position in Meta Platforms, Inc. $META

Key Points

• Goldstream Capital Management Ltd has reduced its holdings in Meta Platforms by 12.0%, now owning approximately $24 million worth of shares, which constitutes about 10.7% of its total investment portfolio.
• Meta Platforms reported earnings per share (EPS) of $7.14 for the last quarter, exceeding analysts' estimates by $1.39, alongside a 21.6% year-over-year revenue growth.
• The company recently declared a quarterly dividend of $0.525 per share, translating to an annualized payout of $2.10 with a yield of 0.3%.

Goldstream Capital Management Ltd decreased its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 12.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 41,631 shares of the social networking company's stock after selling 5,662 shares during the quarter. Meta Platforms makes up about 10.7% of Goldstream Capital Management Ltd's investment portfolio, making the stock its largest position. Goldstream Capital Management Ltd's holdings in Meta Platforms were worth $23,995,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of META. Brighton Jones LLC raised its position in shares of 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 acquiring an additional 570 shares during the last quarter. Revolve Wealth Partners LLC raised its position in shares of 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 acquiring an additional 875 shares during the last quarter. Bank Pictet & Cie Europe AG raised its position in shares of Meta Platforms by 3.5% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 221,459 shares of the social networking company's stock worth $129,666,000 after acquiring an additional 7,587 shares during the last quarter. Highview Capital Management LLC DE raised its position in shares of Meta Platforms by 3.7% during the fourth quarter. Highview Capital Management LLC DE now owns 6,189 shares of the social networking company's stock worth $3,624,000 after acquiring an additional 218 shares during the last quarter. Finally, Benchstone Capital Management LP bought a new stake in shares of Meta Platforms during the fourth quarter worth $23,749,000. Institutional investors own 79.91% of the company's stock.

Meta Platforms Stock Down 1.2%

NASDAQ:META opened at $739.10 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 current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15. The stock has a market cap of $1.86 trillion, a price-to-earnings ratio of 26.76, a PEG ratio of 1.55 and a beta of 1.27. The stock has a 50-day moving average price of $728.87 and a two-hundred day moving average price of $657.34.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts' expectations of $44.55 billion. During the same period in the previous year, the firm earned $5.16 earnings per share. The company's revenue was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, equities 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 announced a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Monday, June 16th were paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Monday, June 16th. Meta Platforms's payout ratio is presently 7.60%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Truist Financial boosted their target price on Meta Platforms from $700.00 to $720.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Roth Capital boosted their target price on Meta Platforms from $620.00 to $740.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Bank of America boosted their target price on Meta Platforms from $775.00 to $900.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Guggenheim restated a "buy" rating and set a $800.00 target price (up previously from $725.00) on shares of Meta Platforms in a research report on Monday, July 28th. Finally, Evercore ISI lifted their price objective on Meta Platforms from $725.00 to $750.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Meta Platforms has an average rating of "Moderate Buy" and an average price target of $822.41.

Insider Buying and Selling at Meta Platforms

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 stock was 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 of the company's stock, valued at approximately $64,343,464.11. The trade was a 17.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christopher K. Cox sold 60,000 shares of the business's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $775.95, for a total value of $46,557,000.00. Following the completion of the transaction, the insider directly owned 237,205 shares of the company's stock, valued at approximately $184,059,219.75. The trade was a 20.19% 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. Company insiders own 13.61% of the company's stock.

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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