TBH Global Asset Management LLC Has $8.60 Million Stock Position in Meta Platforms, Inc. $META

Key Points

• TBH Global Asset Management LLC increased its stake in Meta Platforms, Inc. by 17.8%, holding approximately $8.60 million worth of the stock as of the second quarter.
• Meta reported earnings of $7.14 per share for the latest quarter, significantly surpassing the consensus estimate of $5.75, with a revenue increase of 21.6% year-over-year.
• The company announced a quarterly dividend of $0.525 per share, demonstrating a payout ratio of 7.60% and an annualized yield of 0.3%.

TBH Global Asset Management LLC raised its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 17.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,655 shares of the social networking company's stock after buying an additional 1,757 shares during the period. Meta Platforms accounts for 0.9% of TBH Global Asset Management LLC's holdings, making the stock its 12th largest holding. TBH Global Asset Management LLC's holdings in Meta Platforms were worth $8,602,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in META. Inlight Wealth Management LLC acquired a new stake in Meta Platforms in the first quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in Meta Platforms in the first quarter valued at approximately $28,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Meta Platforms in the first quarter valued at approximately $33,000. Evergreen Private Wealth LLC boosted its position in Meta Platforms by 237.5% in the second quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company's stock valued at $40,000 after buying an additional 38 shares in the last quarter. Finally, JCIC Asset Management Inc. lifted its holdings in shares of Meta Platforms by 102.6% during the first quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company's stock worth $46,000 after purchasing an additional 40 shares during the period. Institutional investors and hedge funds own 79.91% of the company's stock.

Meta Platforms Trading Up 1.4%

META opened at $727.05 on Friday. Meta Platforms, Inc. has a 1-year low of $479.80 and a 1-year high of $796.25. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15. The company has a market cap of $1.83 trillion, a P/E ratio of 26.32, a price-to-earnings-growth ratio of 1.50 and a beta of 1.20. The company has a fifty day moving average price of $753.26 and a two-hundred day moving average price of $673.93.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share for the quarter, beating 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 firm had revenue of $47.52 billion during the quarter, compared to the consensus estimate of $44.55 billion. During the same period in the previous year, the firm posted $5.16 earnings per share. The business's revenue was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. Analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The firm also recently announced 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. 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 payout ratio is presently 7.60%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on META. Mizuho set a $925.00 price target on shares of Meta Platforms and gave the stock an "outperform" rating in a report on Monday. Hsbc Global Res upgraded shares of Meta Platforms from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 31st. Royal Bank Of Canada lifted their price target on shares of Meta Platforms from $740.00 to $840.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. JMP Securities lifted their price target on shares of Meta Platforms from $750.00 to $900.00 and gave the stock a "market outperform" rating in a report on Thursday, July 31st. Finally, Canaccord Genuity Group lifted their price target on shares of Meta Platforms from $825.00 to $850.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Four analysts have rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $830.02.

Insider Transactions at Meta Platforms

In other news, COO Javier Olivan sold 517 shares of the business's stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $748.72, for a total transaction of $387,088.24. Following the completion of the sale, the chief operating officer directly owned 10,026 shares of the company's stock, valued at $7,506,666.72. The trade was a 4.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robert M. Kimmitt sold 465 shares of the business's stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $757.47, for a total transaction of $352,223.55. Following the sale, the director directly 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. Insiders sold a total of 214,182 shares of company stock valued at $164,955,168 over the last three months. Corporate insiders own 13.61% of the company's stock.

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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