Meta Platforms, Inc. $META Shares Purchased by DNB Asset Management AS

DNB Asset Management AS lifted its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 3.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,353,763 shares of the social networking company’s stock after purchasing an additional 40,168 shares during the quarter. Meta Platforms accounts for 4.1% of DNB Asset Management AS’s holdings, making the stock its 5th biggest holding. DNB Asset Management AS’s holdings in Meta Platforms were worth $999,199,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Evergreen Private Wealth LLC boosted its position in shares of Meta Platforms by 237.5% during the 2nd quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company’s stock worth $40,000 after acquiring an additional 38 shares in the last quarter. Briaud Financial Planning Inc bought a new stake in Meta Platforms during the second quarter worth $42,000. WFA Asset Management Corp boosted its holdings in shares of Meta Platforms by 42.6% in the 2nd quarter. WFA Asset Management Corp now owns 67 shares of the social networking company’s stock valued at $49,000 after purchasing an additional 20 shares in the last quarter. Maseco LLP bought a new position in shares of Meta Platforms in the 2nd quarter valued at $54,000. Finally, Piscataqua Savings Bank raised its holdings in shares of Meta Platforms by 433.3% during the 2nd quarter. Piscataqua Savings Bank now owns 80 shares of the social networking company’s stock worth $59,000 after buying an additional 65 shares in the last quarter. Institutional investors own 79.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on META shares. Benchmark lowered Meta Platforms from a “buy” rating to a “hold” rating in a research note on Thursday, October 30th. UBS Group raised their price target on shares of Meta Platforms from $900.00 to $915.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. TD Cowen lowered their price objective on shares of Meta Platforms from $875.00 to $810.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Jefferies Financial Group decreased their target price on shares of Meta Platforms from $950.00 to $910.00 and set a “buy” rating on the stock in a research note on Thursday, October 30th. Finally, Loop Capital reiterated a “buy” rating and issued a $980.00 price target (up from $888.00) on shares of Meta Platforms in a research note on Tuesday, August 5th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $823.93.

Meta Platforms Trading Up 2.2%

NASDAQ META opened at $647.48 on Monday. The stock has a market capitalization of $1.63 trillion, a P/E ratio of 28.60, a P/E/G ratio of 1.36 and a beta of 1.28. The business has a 50 day simple moving average of $683.38 and a 200 day simple moving average of $706.56. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.98 and a quick ratio of 1.98. Meta Platforms, Inc. has a one year low of $479.80 and a one year high of $796.25.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.74 by $0.51. The firm had revenue of $51.24 billion for the quarter, compared to analysts’ expectations of $49.34 billion. Meta Platforms had a return on equity of 39.35% and a net margin of 30.89%.The company’s revenue for the quarter was up 26.2% compared to the same quarter last year. During the same period in the prior year, the business earned $6.03 EPS. Meta Platforms has set its Q4 2025 guidance at EPS. Research analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were paid a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Monday, September 22nd. Meta Platforms’s payout ratio is 9.28%.

Insider Activity

In other news, CAO Aaron Anderson sold 726 shares of the stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $591.60, for a total transaction of $429,501.60. Following the transaction, the chief accounting officer owned 6,035 shares of the company’s stock, valued at $3,570,306. This represents a 10.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Javier Olivan sold 2,610 shares of the business’s stock in a transaction dated Saturday, November 15th. The shares were sold at an average price of $609.46, for a total value of $1,590,690.60. Following the completion of the sale, the chief operating officer directly owned 9,784 shares of the company’s stock, valued at $5,962,956.64. The trade was a 21.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 41,959 shares of company stock valued at $26,759,811. 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.