Meta Platforms, Inc. $META is Generate Investment Management Ltd's 4th Largest Position

Key Points

• Generate Investment Management Ltd has reduced its holdings in Meta Platforms by 32.5% in Q2, now owning 95,949 shares, making it the firm's 4th largest position.
• Recent analyst ratings have been positive, with firms like Morgan Stanley and JMP Securities raising their price targets significantly, indicating a consensus rating of "Moderate Buy" with a price target of $830.02.
• Meta Platforms declared a quarterly dividend of $0.525 per share, representing an annual yield of 0.3%, with a low payout ratio of 7.6% and a solid revenue growth of 21.6% year-over-year.

Generate Investment Management Ltd reduced its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 32.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 95,949 shares of the social networking company's stock after selling 46,182 shares during the period. Meta Platforms makes up 3.9% of Generate Investment Management Ltd's portfolio, making the stock its 4th largest holding. Generate Investment Management Ltd's holdings in Meta Platforms were worth $70,819,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Pachira Investments Inc. boosted its holdings in shares of Meta Platforms by 3.0% in the 2nd quarter. Pachira Investments Inc. now owns 488 shares of the social networking company's stock worth $360,000 after purchasing an additional 14 shares during the period. Shelton Wealth Management LLC boosted its stake in Meta Platforms by 0.9% during the second quarter. Shelton Wealth Management LLC now owns 1,764 shares of the social networking company's stock worth $1,302,000 after buying an additional 15 shares during the period. Myecfo LLC increased its position in Meta Platforms by 2.0% during the second quarter. Myecfo LLC now owns 776 shares of the social networking company's stock valued at $573,000 after acquiring an additional 15 shares during the last quarter. Kooman & Associates increased its position in Meta Platforms by 2.8% during the second quarter. Kooman & Associates now owns 544 shares of the social networking company's stock valued at $402,000 after acquiring an additional 15 shares during the last quarter. Finally, Cedar Point Capital Partners LLC raised its stake in shares of Meta Platforms by 2.2% in the first quarter. Cedar Point Capital Partners LLC now owns 752 shares of the social networking company's stock valued at $433,000 after acquiring an additional 16 shares during the period. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Morgan Stanley lifted their price target on shares of Meta Platforms from $750.00 to $850.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. JMP Securities upped their target price on Meta Platforms from $750.00 to $900.00 and gave the company a "market outperform" rating in a research note on Thursday, July 31st. TD Cowen increased their price target on Meta Platforms from $800.00 to $875.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Raymond James Financial boosted their price objective on Meta Platforms from $750.00 to $900.00 and gave the company a "strong-buy" rating in a report on Thursday, July 31st. Finally, Barclays increased their target price on Meta Platforms from $640.00 to $810.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Four 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $830.02.

Insider Buying and Selling at Meta Platforms

In other news, COO Javier Olivan sold 517 shares of the stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $748.72, for a total value of $387,088.24. Following the transaction, the chief operating officer directly owned 10,026 shares of the company's stock, valued at approximately $7,506,666.72. This represents a 4.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert M. Kimmitt sold 465 shares of the firm's stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $757.47, for a total value of $352,223.55. Following the completion of the transaction, the director owned 8,412 shares of the company's stock, valued at approximately $6,371,837.64. The trade was a 5.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 214,182 shares of company stock worth $164,955,168. 13.61% of the stock is currently owned by insiders.

Meta Platforms Stock Performance

Shares of Meta Platforms stock opened at $710.56 on Friday. The company has a 50 day moving average price of $753.21 and a 200 day moving average price of $675.45. 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 quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.15. Meta Platforms, Inc. has a 52 week low of $479.80 and a 52 week high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its quarterly 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. The business had revenue of $47.52 billion for the quarter, compared to analyst estimates of $44.55 billion. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. Meta Platforms's revenue for the quarter was up 21.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. Sell-side analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were given a dividend of $0.525 per share. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. Meta Platforms's payout ratio is currently 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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