Platinum Investment Management Ltd. Acquires 726 Shares of Meta Platforms, Inc. $META

Platinum Investment Management Ltd. lifted its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 5.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,272 shares of the social networking company's stock after acquiring an additional 726 shares during the quarter. Meta Platforms makes up 0.7% of Platinum Investment Management Ltd.'s portfolio, making the stock its 23rd biggest position. Platinum Investment Management Ltd.'s holdings in Meta Platforms were worth $11,272,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in META. Pachira Investments Inc. raised its holdings in Meta Platforms by 3.0% in the second quarter. Pachira Investments Inc. now owns 488 shares of the social networking company's stock worth $360,000 after purchasing an additional 14 shares in the last quarter. Shelton Wealth Management LLC raised its holdings in Meta Platforms by 0.9% in the second quarter. Shelton Wealth Management LLC now owns 1,764 shares of the social networking company's stock worth $1,302,000 after purchasing an additional 15 shares in the last quarter. Myecfo LLC raised its holdings in Meta Platforms by 2.0% in the second quarter. Myecfo LLC now owns 776 shares of the social networking company's stock worth $573,000 after purchasing an additional 15 shares in the last quarter. Kooman & Associates raised its holdings in Meta Platforms by 2.8% in the second quarter. Kooman & Associates now owns 544 shares of the social networking company's stock worth $402,000 after purchasing an additional 15 shares in the last quarter. Finally, Nabity Jensen Investment Management Inc raised its holdings in Meta Platforms by 1.1% in the second quarter. Nabity Jensen Investment Management Inc now owns 1,378 shares of the social networking company's stock worth $1,017,000 after purchasing an additional 15 shares in the last quarter. Institutional investors own 79.91% of the company's stock.

Insider Buying and Selling

In other news, insider Christopher K. Cox sold 60,000 shares of Meta Platforms stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $775.95, for a total transaction of $46,557,000.00. Following the transaction, the insider directly owned 237,205 shares of the company's stock, valued at $184,059,219.75. The trade was a 20.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Susan J. Li sold 18,332 shares of the stock in a transaction that occurred on 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 of the company's stock, valued at approximately $64,343,464.11. This trade represents a 17.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 213,663 shares of company stock valued at $164,574,107 in the last 90 days. Corporate insiders own 13.61% of the company's stock.

Meta Platforms Trading Up 0.7%

Shares of NASDAQ:META opened at $717.84 on Thursday. The stock has a market capitalization of $1.80 trillion, a price-to-earnings ratio of 25.99, a PEG ratio of 1.49 and a beta of 1.20. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.97. The stock's 50-day simple moving average is $753.89 and its two-hundred day simple moving average is $677.44. 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 announced its earnings results 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 for the quarter, compared to analysts' expectations 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 for the quarter was up 21.6% on a year-over-year basis. During the same period last year, the firm posted $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 business also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, September 22nd. Meta Platforms's payout ratio is presently 7.60%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on META. Canaccord Genuity Group increased their price objective on Meta Platforms from $825.00 to $850.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. KeyCorp increased their price objective on Meta Platforms from $800.00 to $905.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Needham & Company LLC upgraded Meta Platforms from an "underperform" rating to a "hold" rating in a report on Thursday, July 3rd. DA Davidson raised their price target on Meta Platforms from $650.00 to $825.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Finally, Roth Capital raised their price target on Meta Platforms from $620.00 to $740.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $830.61.

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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