Martingale Asset Management L P Has $41.91 Million Stock Holdings in Meta Platforms, Inc. $META

Key Points

• Martingale Asset Management L P has reduced its stake in Meta Platforms, Inc. by 3.0%, holding $41.91 million, which accounts for 1.1% of its total holdings.
• Analysts have raised their price targets for Meta Platforms, with Robert W. Baird and TD Cowen setting targets of $740.00 and $875.00, respectively, and the stock is currently rated as a Moderate Buy on average.
• Meta Platforms recently reported a quarterly earnings per share (EPS) of $7.14, surpassing expectations and demonstrating a 21.6% year-over-year increase in revenue.

Martingale Asset Management L P trimmed its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 3.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,713 shares of the social networking company's stock after selling 2,211 shares during the quarter. Meta Platforms accounts for 1.1% of Martingale Asset Management L P's holdings, making the stock its 11th biggest holding. Martingale Asset Management L P's holdings in Meta Platforms were worth $41,909,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Csenge Advisory Group lifted its position in shares of Meta Platforms by 12.0% during the 1st quarter. Csenge Advisory Group now owns 9,539 shares of the social networking company's stock valued at $5,498,000 after acquiring an additional 1,019 shares during the period. Suvretta Capital Management LLC lifted its position in shares of Meta Platforms by 1.1% during the 4th quarter. Suvretta Capital Management LLC now owns 170,338 shares of the social networking company's stock valued at $99,735,000 after acquiring an additional 1,850 shares during the period. Skye Global Management LP lifted its position in shares of Meta Platforms by 130.9% during the 4th quarter. Skye Global Management LP now owns 76,200 shares of the social networking company's stock valued at $44,616,000 after acquiring an additional 43,200 shares during the period. ARQ Wealth Advisors LLC lifted its position in shares of Meta Platforms by 4.5% during the 1st quarter. ARQ Wealth Advisors LLC now owns 785 shares of the social networking company's stock valued at $452,000 after acquiring an additional 34 shares during the period. Finally, JMG Financial Group Ltd. bought a new stake in shares of Meta Platforms during the 1st quarter valued at $284,000. 79.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Robert W. Baird upped their target price on Meta Platforms from $635.00 to $740.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. TD Cowen upped their target price on Meta Platforms from $800.00 to $875.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Evercore ISI upped their target price on Meta Platforms from $725.00 to $750.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. HSBC upgraded Meta Platforms from a "hold" rating to a "buy" rating and upped their price objective for the stock from $610.00 to $900.00 in a research report on Thursday, July 31st. Finally, Guggenheim restated a "buy" rating and set a $800.00 price objective (up from $725.00) on shares of Meta Platforms in a research report on Monday, July 28th. Three research 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 stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $822.41.

Meta Platforms Price Performance

Meta Platforms stock opened at $739.10 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. The company has a market capitalization of $1.86 trillion, a PE ratio of 26.76, a P/E/G ratio of 1.55 and a beta of 1.27. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25. 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 EPS for the quarter, beating the consensus estimate of $5.75 by $1.39. The firm had revenue of $47.52 billion during the quarter, compared to the consensus estimate of $44.55 billion. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The business's quarterly revenue was up 21.6% on a year-over-year basis. During the same period last year, the company earned $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. Analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Dividend Announcement

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

Insider Buying and Selling

In other news, Director Robert M. Kimmitt sold 465 shares of the stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $784.32, for a total value of $364,708.80. Following the completion of the sale, the director owned 8,877 shares of the company's stock, valued at approximately $6,962,408.64. This represents a 4.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Javier Olivan sold 517 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $775.00, for a total value of $400,675.00. Following the completion of the sale, the chief operating officer directly owned 13,128 shares of the company's stock, valued at approximately $10,174,200. The trade was a 3.79% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 313,803 shares of company stock valued at $235,276,424. Corporate insiders own 13.61% of the company's stock.

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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