Meta Platforms, Inc. $META is Jones Road Capital Management L.P.'s 3rd Largest Position

Key Points

• Jones Road Capital Management L.P. has reduced its stake in Meta Platforms by 21.5%, now holding 27,300 shares, which accounts for approximately 9.8% of its holdings, making it the firm's 3rd largest position.
• CEO Mark Zuckerberg and CFO Susan J. Li have both sold significant amounts of Meta stock recently, with total sales by insiders reaching $235 million over the past ninety days.
• Meta Platforms has topped earnings projections with reported earnings per share of $7.14, compared to a consensus estimate of $5.75, alongside a revenue increase of 21.6% year-over-year.

Jones Road Capital Management L.P. reduced its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 21.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,300 shares of the social networking company's stock after selling 7,480 shares during the quarter. Meta Platforms comprises approximately 9.8% of Jones Road Capital Management L.P.'s holdings, making the stock its 3rd largest position. Jones Road Capital Management L.P.'s holdings in Meta Platforms were worth $15,735,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in META. Brighton Jones LLC grew its holdings in Meta Platforms by 1.7% during the 4th quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock valued at $20,230,000 after buying an additional 570 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in Meta Platforms by 10.2% during the 4th quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company's stock valued at $5,537,000 after buying an additional 875 shares in the last quarter. Bank Pictet & Cie Europe AG grew its holdings in Meta Platforms by 3.5% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 221,459 shares of the social networking company's stock valued at $129,666,000 after buying an additional 7,587 shares in the last quarter. Highview Capital Management LLC DE grew its holdings in Meta Platforms by 3.7% during the 4th quarter. Highview Capital Management LLC DE now owns 6,189 shares of the social networking company's stock valued at $3,624,000 after buying an additional 218 shares in the last quarter. Finally, Benchstone Capital Management LP purchased a new position in shares of Meta Platforms in the fourth quarter valued at $23,749,000. 79.91% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Meta Platforms

In related news, CEO Mark Zuckerberg sold 15,847 shares of Meta Platforms stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $753.43, for a total transaction of $11,939,605.21. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $14,018,663.72. Following the completion of the transaction, the chief financial officer owned 84,141 shares of the company's stock, valued at $64,343,464.11. This represents a 17.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 313,803 shares of company stock valued at $235,276,424 over the last ninety days. 13.61% of the stock is owned by company insiders.

Meta Platforms Stock Down 0.5%

NASDAQ META opened at $747.72 on Thursday. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.15. The company has a fifty day moving average of $727.95 and a two-hundred day moving average of $657.05. The firm has a market capitalization of $1.88 trillion, a price-to-earnings ratio of 27.07, a PEG ratio of 1.56 and a beta of 1.27. 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 released its earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share for the quarter, topping 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 business had revenue of $47.52 billion during the quarter, compared to the consensus estimate of $44.55 billion. During the same period last year, the company earned $5.16 earnings per share. The business's revenue for the quarter was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. On average, analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Monday, June 16th were issued a dividend of $0.525 per share. 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%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on META shares. Needham & Company LLC raised shares of Meta Platforms from an "underperform" rating to a "hold" rating in a report on Thursday, July 3rd. Pivotal Research raised their target price on shares of Meta Platforms from $830.00 to $930.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Barclays raised their target price on shares of Meta Platforms from $640.00 to $810.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Raymond James Financial raised their target price on shares of Meta Platforms from $750.00 to $900.00 and gave the company a "strong-buy" rating in a report on Thursday, July 31st. Finally, DA Davidson raised their target price on shares of Meta Platforms from $650.00 to $825.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Three investment analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $822.41.

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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