Two Star Manager LLC raised its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 7.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,252 shares of the social networking company's stock after purchasing an additional 2,141 shares during the quarter. Meta Platforms accounts for approximately 8.1% of Two Star Manager LLC's holdings, making the stock its 3rd largest holding. Two Star Manager LLC's holdings in Meta Platforms were worth $16,860,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. Brighton Jones LLC boosted its holdings 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 worth $20,230,000 after purchasing an additional 570 shares during the last quarter. Revolve Wealth Partners LLC boosted its stake in shares of 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 worth $5,537,000 after buying an additional 875 shares during the last quarter. Bank Pictet & Cie Europe AG boosted its stake in shares of 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 worth $129,666,000 after buying an additional 7,587 shares during the last quarter. Highview Capital Management LLC DE grew its holdings in shares of Meta Platforms by 3.7% in 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 acquiring an additional 218 shares in the last quarter. Finally, Benchstone Capital Management LP acquired a new stake in shares of Meta Platforms in the fourth quarter valued at about $23,749,000. 79.91% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Meta Platforms
In other news, Director Robert M. Kimmitt sold 465 shares of Meta Platforms stock in a transaction on Friday, August 15th. The stock was sold at an average price of $784.32, for a total transaction 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 trade represents a 4.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Javier Olivan sold 517 shares of the business's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $775.00, for a total transaction 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. Insiders sold a total of 313,803 shares of company stock worth $235,276,424 in the last 90 days. Company insiders own 13.61% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts recently commented on META shares. Oppenheimer increased their price target on Meta Platforms from $775.00 to $870.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. KeyCorp upped their price objective on Meta Platforms from $800.00 to $905.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. JPMorgan Chase & Co. raised their target price on shares of Meta Platforms from $795.00 to $875.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Morgan Stanley upped their price target on shares of Meta Platforms from $750.00 to $850.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Finally, Barclays increased their price target on shares of Meta Platforms from $640.00 to $810.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Three research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $822.41.
Check Out Our Latest Analysis on META
Meta Platforms Stock Performance
Shares of META traded up $15.69 during trading hours on Friday, hitting $754.79. The company had a trading volume of 10,590,214 shares, compared to its average volume of 13,538,896. The business has a fifty day moving average of $730.31 and a 200-day moving average of $657.36. 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 firm has a market cap of $1.90 trillion, a price-to-earnings ratio of 27.33, a PEG ratio of 1.57 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.
Meta Platforms (NASDAQ:META - Get Free Report) last announced its earnings results on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, topping the consensus estimate of $5.75 by $1.39. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The business had revenue of $47.52 billion during the quarter, compared to the consensus estimate of $44.55 billion. During the same quarter in the previous year, the firm posted $5.16 EPS. Meta Platforms's revenue was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. Equities analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.
Meta Platforms Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Monday, June 16th were paid a dividend of $0.525 per share. The ex-dividend date was Monday, June 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. Meta Platforms's dividend payout ratio (DPR) is 7.60%.
About Meta Platforms
(
Free Report)
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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