Meta Platforms, Inc. $META is Asio Capital LLC's 4th Largest Position

Key Points

• Asio Capital LLC has increased its investment in Meta Platforms, raising its stake by 3.4% to become its 4th largest position, representing 3.0% of its portfolio.
• Meta reported $7.14 earnings per share (EPS) for the last quarter, exceeding expectations, with a revenue of $47.52 billion, a 21.6% increase year-over-year.
• Insiders, including CFO Susan J. Li and CTO Andrew Bosworth, have sold significant amounts of stock recently, indicating a total decline in insider ownership of 213,665 shares valued at $164,584,215 over the past three months.

Asio Capital LLC raised its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 3.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,236 shares of the social networking company's stock after purchasing an additional 804 shares during the period. Meta Platforms accounts for 3.0% of Asio Capital LLC's portfolio, making the stock its 4th largest position. Asio Capital LLC's holdings in Meta Platforms were worth $17,888,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in META. Brighton Jones LLC grew its position in Meta Platforms by 1.7% during the fourth quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock valued at $20,230,000 after acquiring an additional 570 shares during the period. Revolve Wealth Partners LLC raised its holdings in shares of Meta Platforms by 10.2% in the 4th quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company's stock worth $5,537,000 after purchasing an additional 875 shares during the period. Fiduciary Planning LLC lifted its stake in shares of Meta Platforms by 12.3% in the 1st quarter. Fiduciary Planning LLC now owns 3,662 shares of the social networking company's stock valued at $2,110,000 after purchasing an additional 400 shares in the last quarter. Princeton Global Asset Management LLC grew its holdings in shares of Meta Platforms by 794.9% during the 1st quarter. Princeton Global Asset Management LLC now owns 4,940 shares of the social networking company's stock worth $2,847,000 after purchasing an additional 4,388 shares during the period. Finally, WealthBridge Investment Counsel Inc. acquired a new stake in Meta Platforms during the 1st quarter worth approximately $730,000. Institutional investors and hedge funds own 79.91% of the company's stock.

Insiders Place Their Bets

In related news, CFO Susan J. Li sold 18,332 shares of Meta Platforms stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $764.71, for a total transaction of $14,018,663.72. Following the sale, the chief financial officer directly owned 84,141 shares in the company, valued at $64,343,464.11. The trade was a 17.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Andrew Bosworth sold 11,694 shares of the company's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $775.00, for a total transaction of $9,062,850.00. Following the completion of the sale, the chief technology officer directly owned 1,799 shares of the company's stock, valued at $1,394,225. The trade was a 86.67% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 213,665 shares of company stock valued at $164,584,215 over the last three months. 13.61% of the stock is currently owned by company insiders.

Meta Platforms Price Performance

Shares of NASDAQ:META opened at $710.56 on Monday. The firm's 50 day moving average is $753.21 and its two-hundred day moving average is $676.07. Meta Platforms, Inc. has a 52 week low of $479.80 and a 52 week high of $796.25. The firm has a market capitalization of $1.79 trillion, a P/E ratio of 25.73, a PEG ratio of 1.48 and a beta of 1.20. 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 (NASDAQ:META - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.75 by $1.39. The business 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 revenue was up 21.6% on a year-over-year basis. During the same period in the previous year, the firm posted $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. Analysts anticipate 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. Stockholders of record on Monday, September 22nd were paid a $0.525 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. Meta Platforms's dividend payout ratio is presently 7.60%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on META shares. Canaccord Genuity Group lifted 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. Needham & Company LLC raised shares of Meta Platforms from an "underperform" rating to a "hold" rating in a research note on Thursday, July 3rd. Citizens Jmp upped their price target on shares of Meta Platforms from $750.00 to $900.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Oppenheimer increased their price target on Meta Platforms from $775.00 to $870.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Finally, Robert W. Baird raised their price objective on Meta Platforms from $635.00 to $740.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. Four investment analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Meta Platforms has an average rating of "Moderate Buy" and a consensus target price of $830.02.

Meta Platforms 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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