Kamunting Street Capital Management L.P. Takes Position in Meta Platforms, Inc. $META

Key Points

• Kamunting Street Capital Management L.P. has acquired a new stake in Meta Platforms, purchasing 20,000 shares valued at approximately $11.5 million, making it the firm's 5th largest position.
• Multiple analysts have issued positive reports on Meta Platforms, with target prices raised significantly, including a new target of $900 from HSBC, indicating a strong consensus on the stock's growth potential.
• Insider trading activity includes notable sales, with executives Jennifer Newstead and Andrew Bosworth offloading shares, reflecting a 1.55% and 86.67% decrease in their respective holdings.

Kamunting Street Capital Management L.P. acquired a new stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,000 shares of the social networking company's stock, valued at approximately $11,527,000. Meta Platforms accounts for approximately 7.7% of Kamunting Street Capital Management L.P.'s investment portfolio, making the stock its 5th largest position.

Other hedge funds have also modified their holdings of the company. Inlight Wealth Management LLC acquired a new position in shares of Meta Platforms in the first quarter valued at about $25,000. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Meta Platforms in the first quarter valued at about $28,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Meta Platforms in the first quarter valued at about $33,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of Meta Platforms in the fourth quarter valued at about $45,000. Finally, JCIC Asset Management Inc. increased its holdings in shares of Meta Platforms by 102.6% in the first quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company's stock valued at $46,000 after purchasing an additional 40 shares during the period. 79.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. HSBC raised Meta Platforms from a "hold" rating to a "buy" rating and raised their target price for the stock from $610.00 to $900.00 in a report on Thursday, July 31st. Pivotal Research raised their target price on Meta Platforms from $830.00 to $930.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Stifel Nicolaus raised their target price on Meta Platforms from $845.00 to $900.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. BMO Capital Markets raised their target price on Meta Platforms from $610.00 to $710.00 and gave the stock a "market perform" rating in a report on Thursday, July 31st. Finally, The Goldman Sachs Group raised their target price on Meta Platforms from $685.00 to $690.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Three investment 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. According to data from MarketBeat, Meta Platforms has a consensus rating of "Moderate Buy" and a consensus target price of $822.41.

Insider Buying and Selling

In other news, insider Jennifer Newstead sold 519 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $775.00, for a total value of $402,225.00. Following the transaction, the insider owned 32,946 shares in the company, valued at $25,533,150. This trade represents a 1.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Andrew Bosworth sold 11,694 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $775.00, for a total value of $9,062,850.00. Following the completion of the transaction, the chief technology officer owned 1,799 shares in the company, valued at approximately $1,394,225. This trade represents a 86.67% decrease in their position. The disclosure for this sale can be found here. Insiders sold 313,803 shares of company stock valued at $235,276,424 in the last 90 days. Corporate insiders own 13.61% of the company's stock.

Meta Platforms Stock Up 2.1%

Shares of META opened at $754.79 on Friday. 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, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25. The stock's 50 day moving average is $730.31 and its two-hundred day moving average is $657.36. The firm has a market cap of $1.90 trillion, a P/E ratio of 27.33, a PEG ratio of 1.57 and a beta of 1.27.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its quarterly earnings data 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 return on equity of 39.33% and a net margin of 39.99%.The company had revenue of $47.52 billion for the quarter, compared to analyst estimates of $44.55 billion. During the same period last year, the company earned $5.16 earnings per share. Meta Platforms's quarterly revenue was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. Analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Monday, June 16th were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Monday, June 16th. Meta Platforms's dividend payout ratio (DPR) is presently 7.60%.

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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